Gold Next Expected Move as respecting to Elliott WaveHello Traders!
Gold is Respecting well to Elliott Wave as all we know that its time for corrective moves in gold and on Thursday 09/01/2025 gold took good move in upside direction. its the clue for strong bearish trend as Elliott wave also expecting till 2487 which is very good move for sellers.
Chart Pattern also showing bearish trend as we can see double top and rising wedge in H4 and expecting target of 2571 which is also good move almost 1000 pips.
Support: 2649.300
Resistance: 2695.600
Key Level: 2670
Looking for good selling area to take entry till that i will wait and will not rush in this situation we can see selling area from 2676-2681
Traders if you like my idea then kindly support my idea and follow me for more analysis
Goldprediction
World gold prices may go up even more.Gold held steady after a strong rally in the previous session amid President-elect Donald Trump’s insistence that US interest rates need to be cut further and China’s second consecutive month of gold purchases.
Gold’s rally eased slightly after the Institute for Supply Management (ISM) released a report showing rising prices in the service sector. Accordingly, the ISM service sector price index rose sharply from 58.2 points last month to 64.4 points in December.
Inflation in the US has recently been forecast to increase again, making the US Federal Reserve (Fed) more cautious with the ongoing interest rate cut cycle.
The stronger USD has put pressure on gold. The DXY index jumped from 108.15 points at the same time of the previous session to 109.24 points.
GOLD 1HR CHART UPDATE READ CAPTION Gold has reached a critical juncture, encountering significant resistance at a major price level. This marks a pivotal moment for the precious metal, as traders closely monitor whether it will break through this barrier or reverse course. The outcome at this level could shape the trajectory of gold's movement in the near term, reflecting market sentiment and broader economic influences.
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out perfectly with another amazing day on the markets today.
Yesterday we completed our bullish target at 2661 and failure to lock above confirmed a rejection. We used the rejection to buy dips inline with our plans. We are now seeing ema5 lock above 2661 opening 2681. This can now be protected and risk free.
Any rejections here will be opportunities for us to buy dips, as long as 2661 holds as support. A break below 2661 will open the lower Goldlturns for support once 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
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2681
EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET
2711
BEARISH TARGETS
2633 - DONE
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET
2593
EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE
SWING RANGE
2570 - 2551
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
Smelling a good buy once again let's see (Bullish Run)Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for Asian session XAUUSD is ready for a bull run I have 2 confirmations one the rejection from the support level and second choc in m30 time frame so we are hoping a good buy from here (2648) our take profit will be 100 pips 2658 and our stop loss will be 70 pips 2641 I wish we all together print some money.
Good Luck :)
Gold is Ready to Pump Again==>>Short-term!!!Gold ( OANDA:XAUUSD ) is currently moving near the Resistance zone($2,670-$2,653) and the 50_SMA(Daily) .
Regarding Classic Technical analysis , Gold is moving in the Ascending Broadening Wedge Pattern .
According to the theory of Elliot waves , it seems that Gold has completed microwave 4 , and we should wait for microwave 5 .
I expect that Gold can have an upward trend in the coming hours and can attack the Resistance zone($2,670-$2,653) for the umpteenth time.
⚠️Note: If Gold breaks the Support zone($2,639-$2,630), we can expect more dumps⚠️.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD after rising read captionGOLD, after rising to retest the recent peak around 2665, quickly fell back below 2650 in the US session last night when the US announced PMI service data and JOLTs employment opportunities exceeding expectations. Today, investors need to pay attention to many important economic data about to be released such as: ADP Payroll, Unemployment Claims and FOMC Minutes.
Currently in the Asian-European session, gold prices are expected to move within the 2638-2665 border zone. Therefore, it is possible to buy and sell gold when approaching this border zone.
1.8 Gold welcomes ADP long-term bullish trendGold market analysis
Gold has been volatile these days, washing back and forth without any rules. Judging from yesterday's performance, it is still impossible to determine whether the bulls are coming if the 2665 position is not broken. The daily line closed with a long upper shadow, and the center of the oscillation moved up. Today's idea is to treat it as more oscillation. The weekly line fluctuated for a week last week. This week's estimate will still fluctuate under the influence of data. Today, the ADP estimate is difficult to change the oscillation. We expect the subsequent non-agricultural employment data to lead it to run out of oscillation. Today, we will focus on the oscillation range of 2632-2665. In this range, we will run high and buy low. The current K line is already above the moving average, and gold is more oscillating.
The analysis chart above for gold is the rhythm we estimated. The first support of the white plate is near 2640. Last night, we also accurately captured profits at 2642. This position is the support of 4H. There is still more room for the white plate to step back to this position. The stronger one is near 2632. If this position is broken, it may move down again.
Support 2632 and 2640, pressure 2665, the strength and weakness dividing line of the market is 2640
Gold possible Set ups for this weekSo as of right now this is what I'm seeing for possible play's. We have an uptrend but its hitting an area were we need to see a break or this is going to be the place were we start breaking down & making lower lows. We will see what the market gives us. This pair moves really good during Asian Session & London Session.
Based on this chart for Gold (XAU/USD), here’s an analysis:
Based on this chart for Gold (XAU/USD), here’s an analysis:
Observations:
1. **Current Price Level**:
The price is at approximately **2,652.53**, moving upward within a curved trendline pattern, suggesting bullish momentum.
2. **Support Zone (Red Area)**:
- A demand/support zone lies below **2,640**, where the price previously reacted with strong buying momentum.
3. **Intermediate Resistance (Light Gray Zone)**:
- A resistance area is visible near **2,665**, where price may face initial selling pressure. It has been tested and rejected recently, but buyers are pushing back toward this zone.
4. **Upper Resistance Zone (Dark Gray Zone)**:
- The primary resistance zone lies around **2,680 to 2,700**, marking a potential target for the upward move. This area has acted as a strong reversal point in the past.
5. **Bullish Cup-and-Handle/Curved Trendline**:
- The blue curved line indicates a potential **cup-like bullish formation**, which often leads to a breakout if sustained momentum persists.
Potential Scenarios:
1. **Bullish Continuation**:
- If the price breaks above the **2,665** resistance zone, it could quickly move toward the next resistance zone at **2,680–2,700**.
- Buyers will likely target **2,700** as the final upside level for this move.
2. **Resistance Rejection**:
- A rejection at **2,665** could lead to a pullback toward the support at **2,640** or even the demand zone near **2,620**.
Strategy:
- **For Buyers**:
- Wait for a confirmed breakout above **2,660** and target the **2,680–2,700** zone.
- Alternatively, consider entering on pullbacks around **2,640**, with stops below **2,620**.
- **For Sellers**:
- Look for rejection signals at **2,665** or the upper resistance zone (**2,680–2,700**) to short toward **2,640** or **2,620**.
XAU/EUR "Gold vs Euro" Metal Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/EUR "Gold vs Euro" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point.
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level.
Goal 🎯: 2630.000 (or) escape Before the Target
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Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the XAU/EUR (Gold/Euro) pair is:Bullish
Reasons:
Increasing demand for gold: Gold is often seen as a safe-haven asset, and investors may seek to buy gold as a hedge against economic uncertainty, inflation, or market volatility.
Weakening euro: The euro has been weakening against other major currencies, which could make gold more attractive to European investors and drive up prices.
Low interest rates: The European Central Bank (ECB) has kept interest rates at a low level of 0.0%, which could lead to a decrease in the opportunity cost of holding gold and drive up prices.
Inflation concerns: Inflation concerns are rising, and gold is often seen as a hedge against inflation, which could drive up demand and prices.
Geopolitical tensions: Geopolitical tensions, such as the ongoing conflict between Russia and Ukraine, could lead to increased demand for gold as a safe-haven asset.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth could reduce demand for gold and drive down prices.
Stronger euro: A stronger euro could make gold less attractive to European investors and drive down prices.
Interest rate hikes: Interest rate hikes by the ECB could increase the opportunity cost of holding gold and drive down prices.
Bullish Factors:
Increasing demand for gold, driven by its use as a safe-haven asset, inflation hedge, and store of value.
Low interest rates and negative real interest rates, which can increase demand for gold as a store of value.
A strong euro, which can make gold more attractive to European investors.
Potential for a decline in the euro, which could increase demand for gold as a hedge against currency risk.
Growing investment demand for gold, driven by its potential as a diversifier and a store of value.
Market Sentiment:
Bullish sentiment: 75%
Bearish sentiment: 25%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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Neutral Rectangle preservedAs discussed throughout my yesterday's session commentary: "My position: Gold is Neutral Rectangle and keep #2,652.80 as your reversal zone and ideal re-Sell entry point. If #2,627.80 Support gets invalidated, I will pursue #2,600.80 benchmark in extension. I will Trade the break-out."
I have engaged re-Sell order as discussed above on #2,649.80 which hit my #2,653.80 Stop within minutes. I have waited another chance to re-Sell Gold however Gold extended recovery above #2,657.80 first Resistance which left me without an order waiting for ISM numbers. On pre-ISM candles, I have engaged Selling order and closed it with #9-point Profit near #2,652.80 benchmark. When #2,652.80 got invalidated, I have engaged new re-Sell order on #2,650.80 and moved the Stop on breakeven expecting #2,636.80 Support in extension to be met, however Price-action touched #2,642.80 and reversed towards my breakeven Stop and left me without any orders for yesterday's session.
My position: Even though DX reversed and found Support zone, Gold is Trading under Intra-day Buying pressure as sentiment is changing on Intra-day basis. I give more probabilities to the upside since #2,652.80 benchmark got invalidated to the upside many times with relative ease which was my pivot point for the fractal. If #2,662.80 gets invalidated #2,667.80 is next extension so place your Buying orders accordingly.
Gold Long Term and Short TermGold Analysis and Trading Plan
Gold prices saw mixed movement yesterday, gaining 0.50% and trading around $2,648. Market dynamics were driven by solid US economic data, improved services sector activity, and President-elect Donald Trump’s remarks, which boosted the US Dollar and capped Gold's rise.
Key Developments:
Strong US jobs data and increased business activity in services reduced expectations for further Fed rate cuts.
China’s central bank increased Gold reserves for the second consecutive month, supporting bullish sentiment.
US Treasury yields remain elevated, bolstering the Greenback.
Upcoming Nonfarm Payrolls (NFP) will likely provide the next major catalyst for Gold's movement.
Technical Analysis:
Short-term:
Gold is forming a double top pattern around the $2,665 resistance level. A rejection here could indicate potential downside.
Long-term:
Gold is consolidating within a symmetrical triangle pattern, with a bullish breakout signaling a continuation of the uptrend.
Key Levels:
Resistance: $2,665 (double top), $2,675, $2,700
Support: $2,624 (near-term), $2,612 (lower range of the triangle), $2,580
Trading Plan:
Breakout Strategy:
If Gold breaks above $2,665, it may target $2,700 and higher levels.
On a downside breakout below $2,612, watch for a move toward $2,580.
NFP Impact:
The NFP report on Friday could drive significant volatility and provide clarity for the breakout direction. Use it to refine your entries.
Risk Management Disclaimer:
Trading involves significant risk. Use proper position sizing, place stop losses to manage risk, and ensure trades align with your overall strategy. Past performance is not indicative of future results.
Follow for more Market analysis or if you want to learn more about the markets!
XAUUSD: 8/1 Today's Market Analysis and StrategyTechnical analysis of spot gold
Daily resistance 2664, support below 2580
Four-hour resistance 2664, support below 2642
Gold operation suggestions: The rhythm of the shock has not changed, the wide range of shocks in the large range, try not to make a move in the middle position, especially the long and short situation in the European session is very critical. At present, the key selling pressure above is still at the 2665 line, and the price has also hit a high and stopped here for many times. The support below the day is at the 2632 line. For the time being, it is around this range to sell high and buy low, and wait patiently before participating.
In the 1-hour trend, gold hit a high and was suppressed by 2665, then fell to 2642 and rebounded. It rebounded to 2655 in the late trading and then fell again. Today, it continued to fall to 2645 in the Asian session, but has not yet fallen below the overnight low of 2642. Then the European session will focus on 2642 and 2655. The breakthrough will be postponed to a certain extent, but it is still difficult to escape the repeated sawing of the large range. It is temporarily on the sidelines during the day. The middle position is to shuffle back and forth repeatedly. Don't rush to enter the market. Pay attention to the trend of the European session and put the trading time in the US session. Try to trade at the edge of 2632-2665.
It should be noted that if it breaks through 2665, it may form a unilateral rise, and then it will follow the trend and buy.
BUY:2642near
BUY:2627near
SELL:2664near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
1.8 Gold Operation Technical Analysis StrategyGold rebounded after hitting the bottom yesterday, and began to rebound after reaching the lowest level of 14, which continued until the evening of the day. The current highest level reached around 64, which has reached the previous high point. This position is also the effective point of the continuous suppression of the shorts in the recent period. With the strong rebound during the day, it also reached this position, but it is very likely to form a three-top pattern, so this position is also the point where we continue to try to short. Once it breaks up, the retracement of this wave of shorts will also be declared over, and the support below is maintained at the top and bottom conversion 50 line position. If it continues to break down this position at night, the bulls may also be in place, which is likely to be the last wave of short-selling. Although the bulls have rebounded, they have not yet reached the realm of a strong breakthrough. There are still many uncertainties in the market. In addition, this week is the release of non-agricultural data, and the previous shocks are also likely to lay the groundwork for the release of non-agricultural data. In the evening, we will still maintain gold at around 63-64 for short selling, with a target of around 50-40 and a loss of 70.5.
Short-term operation:
SELL: 63-64 Target is around 50-40, stop loss is 70.5.
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our analysis playing out to perfection!!
Yesterday after bouncing off the retracement range we stated that 2611 was a weighted level and as long as we see no lock below 2611, we should see a continuation of the bounce into completing the Bullish gap at 2661
- This played out perfectly with our bullish target 2661 being hit today completing this range. Lovely catch from yesterdays update.
No lock above 2661 confirmed the rejection. We will see play between 2661 and 2633, until one of the weighted levels break and lock to confirm 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
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2681
EMA5 CROSS AND LOCK ABOVE 2681 WILL OPEN THE FOLLOWING BULLISH TARGET
2711
BEARISH TARGETS
2633 - DONE
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE FOLLOWING BEARISH TARGET
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE FOLLOWING BEARISH TARGET
2593
EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE
SWING RANGE
2570 - 2551
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
1.7 Technical analysis of short-term gold operationsOn the daily chart, gold has encountered resistance since its half-month high, and has fallen into adjustment in the short term. For the upper pressure of gold, pay attention to the current intraday high of $2,660, which is also the high point of gold price bottoming out and rebounding after falling on Monday, followed by the high of $2,650 on Monday; for the lower support of gold, pay attention to the support position of range oscillation after gold price bottomed out on Monday, $2,632, where gold price fell back several times and stabilized, which is also the current intraday low, followed by the lower track of the 4-hour Bollinger band of $2,622. The 5-day moving average and MACD indicator slightly crossed upward, the RSI indicator slightly crossed upward, and the KDJ indicator crossed downward, showing that the short-term technical side is slightly dominant.
Intraday reference for gold: After gold rose and encountered resistance, it started to fluctuate in the range in the short term, lacking new news to guide the direction. It is recommended to treat it with a fluctuating mindset in terms of operation. Pay attention to the upper pressure of $2,650, followed by $2,660, and pay attention to the lower support of $2,632, followed by $2,622.