1.14 Gold price oversold correctionIn today's technical trend chart:
1: In 4 hours, the stochastic indicator crosses downward, which is a bearish signal; the MACD indicator double lines stick together and are temporarily in a passive state; in terms of form, it is temporarily running in the 4-hour range; the 4-hour range is temporarily 2465-2695; in the range, the method of buying low and selling high can be adopted as the main method;
2: In the daily K, the stochastic indicator changes from golden cross to stick together, temporarily inactive, and temporarily remains in the BOLL range in terms of form. Yesterday's big negative line may continue to adjust; the position of the middle axis is also the position of the strong and weak dividing point, which is near 2645;
To sum up: today's short-term can be stuck in the resonance support near 2645, and the short-term is long; the upper pressure position is near 2680, and the short-term is stuck empty, and a small range of shocks is made to correct the trend;
Goldprediction
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Breakout and Retest in Play"This chart shows **gold's (XAU/USD)** price action on the **2-hour timeframe** with some key elements:
OANDA:XAUUSD
1. **Break of Structure (BoS) and Change of Character (ChoCh):**
- Upward trendlines marked multiple BoS points, indicating higher highs and higher lows during the uptrend.
- A significant **ChoCh** occurred after the upward trendline broke, suggesting a potential shift to a bearish trend.
2. **Breakout Zone:**
- The price broke below a key support area (gray box) and is now testing it as a resistance. This retest aligns with classic breakout-and-retest strategies.
3. **Projection:**
- The chart suggests a bearish move as the retest is expected to hold. The blue arrow projects a potential decline in price, with targets likely around **$2,650** or lower.
**Summary:**
This setup indicates a bearish sentiment. If the price fails to break above the resistance zone during the retest, it could confirm the downward move. Key levels to watch are the resistance zone around $2,670–$2,680 and potential targets around $2,650 and below.
GOLD price rejection from re zoneXAUUSD experiences a sharp rejection from the highlighted red resistance zone, indicating a strong presence of sellers in the market. This move could signal a potential reversal or correction as the bulls struggle to break above the critical level. Traders are now closely monitoring for confirmation of further downside momentum or consolidation near this area.
XAU/USD - Weekly Analysis - Jan 13-17, 2025Overall Trend:
The PEPPERSTONE:XAUUSD pair has been riding a bullish trend over recent months, with gold prices hitting all-time highs in September 2024 near $2,635 per ounce. Currently, the pair remains above the 50- and 200-period moving averages, reinforcing the continuation of the upward trajectory.
Key Support and Resistance Levels:
Support:
$2,657 : Now acting as a key level after previously serving as strong resistance during pullbacks.
$2,621 : A previously identified support zone during price corrections.
Resistance:
$2,723 : A significant resistance zone, historically alternating as support and resistance since October 2024.
$2,750 : Found at the lower boundary of the premium zone but would require a break of the descending trendline and the resistance above.
Technical Patterns and Indicators:
Candlestick Patterns:
Recent bullish candlestick formations like "marubozu" and "bullish engulfing" indicate strong buying pressure.
RSI (Relative Strength Index):
The daily RSI is hovering near the overbought zone (above 59), signaling potential for pullbacks or consolidation.
SMC (Smart Money Concepts) and Wyckoff:
The current structure aligns with an accumulation phase, suggesting a high probability of a subsequent bullish breakout, consistent with Wyckoff principles.
Key Fundamental Drivers:
US Monetary Policy:
The Federal Reserve's recent half-point rate cut has added upward momentum to gold prices.
Geopolitical Tensions:
Ongoing conflicts in the Middle East and other regions are boosting demand for safe-haven assets like gold.
Economic Data:
Upcoming US economic reports, including Q4 GDP and the PCE Price Index, could sway market sentiment and drive volatility.
Jan 14 - 1:30 pm GMT 0 - Producer Price Index (PPI): ECONOMICS:USPPIMM
Jan 15 - 1:30 pm GTM 0 - Consumer Price Index (CPI): ECONOMICS:USIRMM ECONOMICS:USIRYY
Jan 16 - 1:30 pm GMT 0 - Retail Sales ECONOMICS:USRSMM and Unemployment Claims $ ECONOMICS:USIJC
Potential Scenarios:
Bullish Scenario:
If XAU/USD breaks above the descending trendline at $2,688, the price could target the $2,723 zone and, with enough momentum, push towards $2,750.
Bearish Scenario:
In the event of corrections, the pair may find support at $2,657, or in the case of a deeper pullback, near the base of the expansion channel at approximately $2,621.
Seasonal Considerations:
Historically, the start of the year tends to be favorable for gold due to increased demand for safe-haven assets and portfolio rebalancing by institutional investors.
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out in true level to level fashion, although our entry today was too early and therefore we will look to manage from dips.
We did get our Bullish target 2691 followed with no lock confirming the rejection into our bearish target 2679. This followed with ema5 cross and lock opening the retracement range, which we are seeing price play in currently.
Once again all our weighted levels gave 30 to 40 pip bounces inline with our plans and analysis.
We are looking for a reaction from this retracement range, unless we see a cross and lock below 2654, which will open the swing range for a bigger bounce.
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
2691 - DONE
EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET
2706
POTENTIALLY 2719
EMA5 CROSS AND LOCK ABOVE 2719 WILL OPEN THE FOLLOWING BULLISH TARGET
2736
BEARISH TARGETS
2679 - DONE
EMA5 CROSS AND LOCK BELOW 2679 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2668 (DONE) - 2654
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE SWING RANGE
SWING RANGE
2640 - 2624
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
1.13 Gold Technical Analysis and InterpretationThe gold market has seen significant fluctuations recently. Against the backdrop of a sharp rise in U.S. Treasury yields and the U.S. dollar index, gold prices fell before the U.S. market opened on Monday (January 13). Spot gold fell from its December high, with gold prices blocked at the key Fibonacci retracement level of $2,693.40; as last week's gains encountered selling pressure, the market is paying attention to the key support level of $2,660 below, which could jeopardize gold's medium-term upward trend once it falls below the support.
Technical analysis:
1. Key resistance and support levels
Gold prices failed to break through the Fibonacci retracement resistance level of $2,693.40 after hitting it last week, showing the strong suppression of the position on the market. Currently, the next key support level for gold prices is at $2,660. If the price falls below the support, it may mark the end of the medium-term upward trend.
Although the downward trend of gold has already emerged, if the above support level can be maintained, there is still hope for a rebound in the short term.
2. Analysis of short-term technical indicators
In terms of technical indicators, gold is currently in the stage of retreating from the overbought area, showing signs of weakening upward momentum, indicating that short-selling forces are gradually taking the lead.
However, although the RSI indicator has fallen from a high level, it has not yet fallen to the oversold area. This indicates that gold prices may still fluctuate around the current price before hitting key support.
3. Possible technical trends in the future
If the gold price can hold the support area of $2,660 and form a bottom pattern here, it is expected to challenge the resistance level of $2,693.40 again. Once this resistance is broken, the gold price may rise further and retest the psychological level of $2,700.
However, if the support level is lost, the gold price may further fall to the next level of support near $2,640. At that time, the market will face further selling pressure.
Summary
The decline in gold prices was mainly affected by the strong US economic data that pushed up the US dollar and US bond yields. Under the uncertainty of the Fed's policy, gold faces downward pressure in the short term. However, safe-haven demand and the performance of key economic data may provide support or a turnaround for gold prices.
Gold Fall Again Hello Dear traders! keep Support And share Your openion in commen section thanks for support
Date / 13/Jan/2025
Current Price Of Gold 2672
in my Technical analysis of the 4-hour Gold chart reveals a bearish trend Emerging from the resistance zone between 2,689.291 and 2,698.505. The price is showing signs of a potential reversal after hitting this resistance level, as indicated by the highlighted circle suggesting a double-top pattern formation. The current price action is further supported by the presence of two resistance levels at 2,726.008 and 2,716.732 above it.
We should watch for a potential downward movement towards the first target point (Tp1) at 2,645, which aligns with previous support area further confirmed by past price interactions around these levels.
If selling pressure persists beyond Tp1, an extended decline may lead to reaching a possible target point at 2,605 - an area providing significant buying interest historically around this level ,
In concluding thoughts: cautious we may consider shorting opportunities below support breakouts while monitoring market sentiment shifts that could affect gold volatility going forward into mid-January trading sessions based on current analyses presented visually through TradingView platform insights provided before liquidity pools adjust accordingly during futures settlements near month-end closeouts ahead leading up until then overarching macroeconomic factors governing commodity dynamics globally speaking too possibly influencing any sudden directional changes thereby affecting projected outcomes unfavorably if not counteracted against appropriately leveraging hedge strategies
NOTE: This Analysis For Educational purpose only trade safe thanks
This chart of XAU/USD (Gold) on the 1-hour time frame shows the This chart of XAU/USD (Gold) on the 1-hour time frame shows the price moving within an ascending channel. Here’s a quick analysis based on the chart:
1. **Trend:**
The market is in a bullish trend, confirmed by the series of higher highs and higher lows within the channel.
2. **Possible Buy Zone:**
The price is approaching the lower boundary of the ascending channel, which could act as a dynamic support level. This is highlighted as a potential buy zone, aligning with the bullish structure.
3. **Target Zone:**
If the price respects the support and moves higher, the target would likely be near the upper boundary of the channel, around the 2,700.000 level.
4. **Break of Structure (BoS):**
The highlighted BoS areas indicate that buyers are stepping in at key levels, supporting the upward trend.
5. **Volume:**
There seems to be increasing volume as the price reaches the support zone, which may indicate growing interest in the area.
**Key Points:**
- Look for bullish confirmation near the lower boundary of the channel before entering a buy position.
- Set a stop-loss slightly below the channel to manage risk.
- First target: Mid-channel or 2,690.000 zone; extended target: Near 2,700.000.
New Quarterly Shift Analysis for XAUUSDThis post is based on my learnings from ICT Quarterly Shift Analysis teachings.
In September 2024, I published my quarterly shift analysis for #Gold. Back then, I estimated a shift in the market structure for Gold on or around the US Presidential Election date. It happened exactly as outlined. I estimated Gold to make a bear move or to create a large range, it did indeed created large range and has been moving within the range since then. The top of the range is 2790.10 and the bottom of the range is 2536.60.
For the new quarter, I expect Gold to make a new market structure shift during the week of President Trump's inauguration, specially on the Inauguration Date (20 January 2025).
During this critical period (from 20th to 31st January 2025), If Gold closes a strong bull candle above 2790.10, then I expect Gold to move towards new highs (2828, 2918 and 3000) in the next three-four months.
BUT, if Gold closes a strong bear candle below 2536.60, then I expect Gold to move towards 2480, 2340, and 2200 in the next three-four months.
Since US Elections, Gold has created more bearish indications compared to bullish indications, therefore, I am more in the favor of a bearish move, but I will wait for price confirmations to make up my final decision during the Inauguration Week.
Disclaimer: This is not a signal, just an analysis for your consideration and benefit. Please mix it with your own analysis.
GOLD prediaction analysisXAUUSD Intraday Outlook: Bullish momentum persists, driven by strong market sentiment and technical support. A breakout above key resistance could open the path for further gains. Long positions remain favorable, with caution around potential consolidations or retracements for more look the chart
GOLD XAUUSD intraday Analysis & Bulish OutlookXAUUSD Intraday Outlook: The precious metal continues to exhibit strong bullish momentum, supported by favorable market sentiment and technical signals. A sustained break above key resistance levels could confirm further upside, targeting higher zones. Traders may look for long opportunities, capitalizing on the bullish outlook while managing risks around potential pullbacks.
XAUUS/Gold Post NFP Day/Beginning of New WeekDuring pre-NFP analysis we have suggested few levels where sell & buy risk can be taken for at least 60- 120 pips favorable move.
By recalling that 2680/2681 sell pre-NFP given 160 pips quick profitable move. 2690/2696 post-NFP Sell Given 160+ pips favorable move.
Coming towards todays/current week stance, we are considering 2695/2708/2733 levels as resistance and unlikely to sustained above during current week. While 2665/2639/2612 can act as support.
President Donald Trump 2nd inauguration is scheduled on Monday Jan 20, 2025, and before that we may see gold is trading between 2733 - 2612 in big range of 121 points or 12100 pips range. Personally, I think strength would give sell opportunities.
Tell about your idea by commenting on the post.
GOLD Analysis (Daily Timeframe)Gold has been extremely bullish for a while, consistently breaking to the upside and creating higher highs , accompanied by the formation of demand zones that were later mitigated for continuation.
The last significant move was a reaccumulation (Re-acc) phase, which revisited unmitigated demand zones. From there, we saw a bullish reaction. However, due to low year-end volume , Gold hasn't been able to break its previous high. Since then, it has been ranging in the same area.
Key Observations:
Bullish Volume Returning:
Recently, bullish volume seems to be picking up, signaling the potential start of the next leg upward.
EMA Interaction:
Previously, the price was "surfing" along the EMAs, demonstrating a strong trend-following behavior.
Currently, the EMAs have tightened significantly, which often signals an impending price expansion—a strong indication that volatility and directional movement may resume soon.
Two Scenarios in Play:
Gold may continue ranging before breaking to the upside.
The current move may sustain and lead to a new high.
Liquidity Trap:
The reaccumulation created a cloud of liquidity , with many traders now eyeing potential sell opportunities due to:
- The break to the downside.
- The formation of equal highs , often misinterpreted as bearish.
This could very well be a Smart Money Trap , fueling a bullish move as liquidity is taken.
My Perspective:
I remain optimistic about the bullish scenario , as the overall market context suggests a continuation of the upward trend. This is a critical area to watch, and I will monitor closely for confirmation of the next move.
XAUUSD: Bullish Momentum Heading for Key ResistanceXAUUSD is trending within an ascending channel and is currently respecting its structure. Price action is approaching the upper boundary of the channel, which aligns with the marked resistance zone near 2705.302. This area may act as a supply zone, triggering retracements or reversals.
A short-term pullback toward the mid-channel or the highlighted demand zone near 2684.00 could occur before a continuation toward the 2705.302 target. Traders should look for bullish continuation patterns, such as a breakout above resistance or higher lows on the pullback, to confirm further upside potential. Conversely, a break below the demand zone might indicate bearish momentum.
XAU/USD Shorts from 2,710 back down to 2,660This week, my analysis focuses on the potential weakening of GOLD after its strong bullish performance last week. I’ve noticed that price is building significant trendline liquidity with multiple taps, suggesting that a reversal may be imminent to clear that liquidity.
While the bullish trend is still intact, I’m also considering a secondary scenario. In this case, I expect the price to retrace to around the 4-hour demand zone at 2,660. If the price breaks below this level, it’s likely to clear the trendline liquidity and push further down.
Confluences for GOLD Sells:
- Significant trendline liquidity below, waiting to be taken.
- A 6-hour supply zone has caused a Change of Character (CHOCH) to the downside.
- The price has also shifted structure on higher time frames.
- The point of interest (POI) is at an extreme level.
- For the bullish trend to continue, I expect a retracement back to the 2,660 region.
Note: As we’re now in mid-January, market liquidity is increasing, providing more price action to work with. This makes it likely for GOLD to continue its typical patterns. Let’s stay focused and have a great trading week!
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 2691 and a gap below at 2679. 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
2691
EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET
2706
POTENTIALLY 2719
EMA5 CROSS AND LOCK ABOVE 2719 WILL OPEN THE FOLLOWING BULLISH TARGET
2736
BEARISH TARGETS
2679
EMA5 CROSS AND LOCK BELOW 2679 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2668 - 2654
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE SWING RANGE
SWING RANGE
2640 - 2624
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