XAUUSD - what will happen before the Holiday season?Here is our view and update on XAUUSD . Potential opportunities and what to look out for before the Holiday season starts.
Let’s take a step back and take a look at XAUUSD from a bigger perspective. For this we are attaching the long-term overview on the pair.
We are still following the sell bias we have published.
XAUUSD is currently trading at around 2625 with lower volume than usual.
Scenario 1: SELLS from 2620
That would confirm our pullback to the upside and breaking below 2620 would give us an opportunity to drop back down to 2604 or 2600 flat. Next we would be targeting a very important KL (Key Level) 2590.
Scenario 2: BUYS from 2638
We broke above 2638 and are trading above it. We should see more upside potentially reaching new highs at around 2666 which was also an important KL (Key Level) before.
Personal opinion:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 2620 or a safe buy at the breaks of 2638. Be patient and stay tuned for updates on this pair. For now we are sticking to the sell bias from the long-term overview.
KEY NOTES
- XAUUSD breaking below 2620 would confirm sells down to 2604 - 2600.
- XAUUSD breaking above 2638 would confirm further buys up to 2666.
- Volume is lower as the business year is coming to an end and Holiday season is about to start.
Thank you everyone for your amazing support lately. We will continue to provide value to you. Happy Holidays!
Happy trading!
FxPocket
Goldprediction
GOLD- xauusd today once again upward.. read caption Gold rose very well yesterday after the New Year holiday. Geopolitical tensions and central bank gold buying are the main drivers supporting the gold price increase
🛒Gold is currently moving steadily above the 2650-2655 zone, indicating that the upward momentum may continue and head towards the 2670 zone - the 61.8% Fib resistance zone of the 2726-2583 decline. You can wait to Buy around 2655 - 2653. SL 2650
GOLD- its breakout ? whats next ??#GOLD.. perfect move as per our analysis and now market just broke his area and trade above that.
keep close guys we have 2628 as major supporting area now and if market holds that level in that case we can expect a further bounce to upside .
dont be lazy here.
good luck
trade wisely
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel and is creating symmetrical triangle and is moving in a descending AND is moving in an Ascending channel.
We expect a decline in the channel after testing the current level.
The chart broke through the dynamic Resistance area, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day the charts with our chart idea playing out in usual fashion.
After completing our bearish target on our last update, we stated that price was heading towards 2629 to complete the Bullish target that was left short by a few pips previously.
- 2629 bullish target was hit perfectly followed with ema5 cross and lock opening 2655. This target is now also complete, which gave plenty of time from confirmation to getting hit .
We will now wait for a cross and lock above 2655 for further continuation or failure to lock above will see price reject and find support at the lower Goldlturns for a reaction.
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
2629 - DONE
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655 - DONE
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
BEARISH TARGETS
2600 - DONE
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
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!
Its NYE today and the markets closed tomorrow. Looking forward to another smashing year. Wishing you all a blessed year ahead!!
Mr Gold
GoldViewFX
GOLD BULLUSHHello Everyone I hope you are doing well, Happy New Year 2025. Have a great year.
As you know gold has pumped 250 300 pips in startup of new year, like a crazy moment.
Gold has changed structure bearish to bullish, since it has touched the area of 2596.
Im still looking for a buy apportunity and I have found one more setup for gold buy.
Im gonna gold buy at the price of 2636, because there is a breakout and BOS. So that i will put buy orders.
ENTRY POINT : 2636 at the area of BOS
STOPLOSS AND TARGET : SL 2629 nd TP will be 2653
GOOD LUCK EVERY
PLEASE SHARE YOUR IDEAS ON THIS POST AND USE SL ON EVERY TRADE.
STAY TUNE FOR EVERY UPDATE.
XAUUSD Forecast: The Bulls Are Gaining Momentum!
We're seeing some impressive price action on XAUUSD! 📈 The market is currently respecting a strong 4H trendline, showcasing the power of the ongoing bullish momentum. The technicals are aligning, and the market seems poised to continue its upward push.
Keep an eye on this setup—it’s looking like an excellent opportunity for those riding the trend! Don't miss the chance to capitalize on the next move. 💰
1.2 Accurate technical analysis of gold short-termThe upper rail resistance of the four-hour flat pattern is 2638 and the double-line resistance is 2642. Break through and open slightly upward, and continue to rise to form an upward opening pattern
The lifeline and the lower rail of the double line are superimposed in the 2619-2617 area
The early trading accelerated the rise point in the 2625-2623 area. Take this as the dividing line, and look for the next resistance area of 2638-2642 upwards, followed by the 2648-2650 range
Keeping low is the key, breaking high is the focus, and taking advantage of the trend is the method
If it is delayed, there will be variables. If it can take advantage of the trend and break through 2648-2650 with the east wind, the bulls can have more control later
Refer to this idea, early The market is arranged around the low point 2621-2623 area as support to rush to 2632-2633. If the rise is realized as expected, the second step is still bullish. It is planned to use 2628-2626 as support to see a bullish trend. The price will only fall back to the 2632-2631 area.
So choose the 2632 area to enter the market with low longs. The original plan of 2628-2626 remains unchanged. Look up to find the 2638-2642 area, and then look at 2648-2650
The 2598 long orders at the beginning of the week are still held in small bands. The loss point is now moved up to 2610 (profit loss situation, if it falls back, it is also profitable), and pay attention to the gains and losses of 2648-2650
GOLD BUY Gold prices have shown a significant increase over the past year, with spot gold rising by over 27% in 2024, marking its largest annual gain since 2010.
As of January 2, 2025, gold prices continue to rise, with spot gold increasing by 0.39% to $2,634.15 per ounce.
Analysts at major financial institutions like JPMorgan, Goldman Sachs, and Citigroup predict that gold prices could further climb to $3,000 in 2025, driven by factors such as lower interest rates, geopolitical uncertainties, and increased central bank purchases.
However, some forecasts suggest potential short-term corrections. For instance, a recent analysis indicates that gold prices might test resistance near the $2,630 area before potentially declining towards the $2,545 level.
Given these mixed signals, it's essential to stay informed about market trends and consider consulting a financial advisor before making investment decisions.
For a more detailed technical analysis of gold as of January 2, 2025, you might find the following video helpful:
Analysis of short-term gold trading on December 31Fundamentals: The gold market fluctuated at a low level in the U.S. market, and the logic of long orders at the support point entered the market.
At the beginning of the U.S. market on Tuesday (December 31), the gold price was around $2,610. The gold market may be preparing to end 2024 on a weak note, and December is expected to see its first decline in seven years. But there is still considerable optimism in the market before the new year. Despite the current market weakness, gold continues to hold its position in a difficult environment. She pointed out that the sell-off in gold since its October high and the subsequent consolidation were the first major corrections in the precious metal this year. "I am not at all worried about the volatility we have seen, and I think this respite is good for the market," she said.
Even with this disappointing price trend entering the new year, investors should not forget the performance of 2024. Gold prices have seen unprecedented gains, setting new all-time highs about 40 times this year. Gold prices peaked in October, with a full-year increase of more than 26%, the best performance since 1979. Gold prices are set to hit $2,400 an ounce this year in 2024, and they are nearly $400 above that level. Looking ahead, she believes gold still has plenty of room to rise.
Gold prices will struggle as investors continue to focus on the strong resilience of the U.S. economy. She explained that policies proposed by President-elect Trump should support economic growth in the first half of next year, but she expects problems to return. Since winning the presidential election in November, Trump has said he wants to extend the 2017 tax credit. He has threatened to impose tariffs on countries in Asia, the Americas and the European Union. He has also proposed rounding up and deporting millions of illegal immigrants and recently expressed a desire to annex Canada and Greenland.
Policies such as increased import tariffs and extended tax cuts will provide some support to the economy, which has pushed up U.S. bond yields and the dollar. However, she added that these policies will also come at a cost. Everything Trump proposes to do will lead to inflation, raising tariffs and deporting potentially millions of low-wage workers will push up prices, and tax cuts will exacerbate the growing deficit, thereby increasing inflationary pressures. Trump's proposal also has a political cost, as many see his position as a negotiating tactic. She added that this uncertainty will continue to support gold's safe-haven appeal.
Personal operation analysis:
Trend: shock trend
Support: around 2607.00
Resistance: around 2631.50
Strategy:
View logic:
Near 2608, light position, stop loss 2600, take profit around 2623--2635, trailing stop loss 300 points
Gold is Ready to Attack to Heavy Support zone!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the 100_SMA(Daily) , the Support zone($2,613-$2,608) , and the lower line of the ascending channel and is currently moving in the Heavy Support zone($2,605-$2,584) .
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 .
In terms of Classical Technical Analysis , with the breaking of the lower line of the ascending channel, we can also see the Bearish Flag Pattern well in the higher time frame .
I expect Gold to GO down at least as wide as the ascending channel and go down to the Potential Reversal Zone(PRZ) and 21_SMA(Weekly) .
⚠️Note: If Gold breaks the 100_SMA(Daily) and Resistance lines, we should expect Gold to rise further.⚠️
🔔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 LONGAs I expect, that gold will fly when it reaches at the area of BE in H1 TF,
We have seen that gold has fall since last two weeks, and flown from the level of support of Little Timeframe.
As you can see that, sometimes gold fall and sometimes gold fly but it follows the scalping setups right?
lets talk about my idea, there is a area of trendline which is broke in H1. H4 has FBE.
ENTRY POINT : 2609 at the area of failed Eng.
STOPLOSS : 2602 and Target is 2620.
Don't forget to use stop loss on your trades.
stay tune for update, don't forget to share your idea on this post.
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out perfectly. We got our bearish target now complete at 2600 followed with the weighted bounce and now heading towards 2629 to complete the Bullish target gap that was left short by a few pips yesterday.
We are still seeing price play between the two weighted levels and will one of the weighted levels to 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
2629 - DONE
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
BEARISH TARGETS
2600 - DONE
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
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!
Its NYE today and the markets closed tomorrow. Looking forward to another smashing year. Wishing you all a blessed year ahead!!
Mr Gold
GoldViewFX
12.30 Gold Short-term Operation Technical Analysis BUYLast Friday, gold took a high-rise and then fell back. The trend is under control, and everyone has witnessed it! Gold opened at $2,633. In the morning, gold slightly retreated and touched $2,628.6, and then rebounded. The highest rebound of gold in the Asian and European sessions reached $2,638, and then it was blocked and fell back. The US session continued to fall and touched the lowest level of $2,611.5. It rebounded in the late trading and finally closed at $2,620.8. The daily line closed with a negative line with upper and lower shadows, and the weekly line closed with a pregnant cross star pattern with an upper shadow slightly longer than the lower shadow. After the end of this pattern, gold was obviously blocked. There is still a need to continue to fall at the beginning of the week. Today, gold focuses on the upper resistance at $2,630. Rebounds rely on shorting below the resistance here, and then look at $2,610 and $2,605 below! The specific operation points are subject to real-time layout!
GOLD SHORT As i expect, that goldnow i have entered at the area all failed eng M5.
Gold is falling since last week, and i have published idea, in which my idea was gold will fall, my entry was at 2637 and my stop loss was at 2651, and target was at 2585.
Entry point : 2605 at the area of failed bearish eng.
Stop loss : 2609 and target is 2596