Gold is in the Bearish Direction after Trendline BreakoutHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
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
Goldprediction
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
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
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
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
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!
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.
GOLD: What can we expect before NFP So Gold market has been choppy for past couple of days and have not taken any clear direction. and market opportunities has been few due it. NFP will change this choppy market.
Now before NFP, there are very few trade opportunities. but we can still grab some if there arise any.
Before NFP market is likely to remain choppy, but if the market goes down, which is less likely then we can look for BUY opportunity around 2605 area . Similarly, if it goes up before NFP, then we can look for SELL around 2663/2665.
Other than these levels, there isn't any other opportunity.
KEY LEVELS:
FOR BUY: 2610 & MINOR LEVEL 2633
FOR SELL 2663/2665 & MINOR LEVEL: 2653
AFTER NFP: There isn't any good level that we say to look for as NFP data can make market move market strangely. SO my advice would be wait till NFP sets a trend and then execute a trading plan accordingly. FOLLOW THE TREND THAT NFP SETS.
I'll keep you guys updated so follow and share this idea.
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!
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.
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.
GOLD HAS BROKEN MANY SUPPORT 🥇 Gold has broken many support levels such as 2640-2630 to extend the decline this morning. In today's Asian session, watch for the recovery to continue to sell gold, aiming for the support zone of 2607-2600.
Gold has broken the triangle pattern around 2638 - And if the H4 candle closes below 2620, it will break the neckline of the head and shoulders pattern
🛫Therefore, watch for the recovery to continue to sell gold.