12.18 Gold tests low and waits for interest rate cutYesterday, the gold market opened at 2652.6 in the morning. After that, the market rose to 2658.9. After that, the market continued to fall under pressure. The daily line reached 2632.7 at the lowest point. After that, the market was slightly pulled up by the support of the 50 mark of the Fibonacci in this round of upward movement. The daily line finally closed at 2646.2. After that, the market closed in a hammer pattern with a long lower shadow. After this pattern ended, the daily line constructed a rubbing signal. Against the background of the Fed's interest rate cut tomorrow morning, today's retracement layout is long.
Intraday short-term operation suggestions:
BUY: 2640 Defense 35 30
$: 55 62 68
Goldprice
XAUUSD TODAY CHART OUTLOOKBased on the analysis of this chart, the market demonstrates a cyclical trend of rising and falling movements. This pattern of fluctuations presents opportunities for significant earnings, as it allows investors to capitalize on both upward and downward trends. Understanding these market dynamics and strategically timing investments during these shifts can lead to substantial financial gains. By leveraging this predictable volatility, individuals or institutions can position themselves to maximize profits in both bullish and bearish market conditions.
12.18 Gold shock revision BUYGold rebounded slightly yesterday, with a small cross positive line on the daily line.
1. After bottoming out and rebounding in the morning, it started to rise from 2650 in the afternoon.
2662-3 is the 382 position of the rebound from Friday's decline, and 2664 is the continued decline, so it is the key resistance level.
The two watersheds are very clear, one is the low point of 2643, and the other is the European session time point. Therefore, the 2650 line was chosen to bet on the rebound.
2. The 2662-4 line, the evening retracement, the formula emphasizes that the European session opened a decline in the morning, oscillated, especially the rebound from 6-8 o'clock, so in this process, the price did not break through from 8-10 o'clock, and it has been sideways, so the probability of a retracement in the US session is very high.
3. The 2650-1 line, yesterday's intraday rise and retracement to the 618 position, the standard 618 in the oscillation is better to make a mistake than to let it go.
Although the 618 position was touched yesterday or sideways this morning, the strength of the pullback is not large, but it is still a sign of oscillation.
Today, it is quite controversial. The daily small cross positive line, according to the previous rhythm, the daily positive line is a continuous positive line, so we still need to see a rebound.
The cross K is also the transit point of the short-term decline, so the European session time is very important.
The watershed 2643 is also very important, which is the key to see whether it will continue to fall.
From the operation point of view, in the morning at 618, the 4-hour is still more, 2651-2 is more, if you don’t participate before 7-8 in the morning, you won’t participate in the second time.
Today, we really need to observe the strength and weakness of the day.
Look at the rhythm of the day’s operation and the layout of the US market.
1. Break 2643 during the day, the US market will pull back and empty, and the support level is 2630-32.
2. If it continues to rise during the day, the daily line is likely to go through a cycle of continuous positive rebound. Today, we will see a pullback of 618. If it is touched, you can short. You can’t double top short.
Intraday short-term operation suggestions:
BUY: 2640, defense 30, target 55-60
12.17 Gold Short-term Operation Analysis SELLGold was still fluctuating and repairing yesterday, but it eventually fell under pressure. Gold was still fluctuating with a short side. Rebounds are still opportunities to continue to short. Gold is still short at the current price of 2656 in the early trading!
The 1-hour moving average of gold is still a short arrangement with a death cross downward. The adjustment of gold has not ended. Gold fell under pressure at 2665 yesterday, indicating that gold is still in a strong resistance zone above 2660. It is still short at highs under pressure at 2665 in the Asian session. It can also be shorted near 2656 in the Asian session.
Gold is fluctuating and urgently needs to choose a direction. Of course, it is now a fluctuating relay of the decline, so it is still short at highs. The focus of this week is the Federal Reserve’s interest rate decision waiting to be launched, which is also the battle between the long and short positions of gold. Whether the gold bulls can turn the tide depends on the impact of the data.
Of course, if gold does not break a new low for a long time, it is not ruled out that gold has the possibility of short-term bottoming, so it is time to be flexible at any time.
Asian trading strategy:
Short gold at 2656, stop loss at 2666, target at 2640-2635
Gold will Go Down to PRZ!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the Support zone($2,670-$2,653) . It is currently completing a pullback to this zone, so the pullback pattern appears to be a rising wedge pattern .
According to Elliott's wave theory , Gold seems to have completed wave 4 .
I expect Gold to continue falling to the next Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ) .
⚠️Note: If Gold breaks the Resistance zone($2,665-$2,662) and resistance line, we can expect gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute 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.
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#GOLD ANALYSIS UPDATEWorld gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%).
➡️ The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year.
➡️ Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market.
PREMIUM CHANNEL AVAILBLE
Is Gold About to Make a Big Move?Here’s What to Watch:
If Gold Breaks Above $2,721:
We could see it climb to $2,900 or even $3,000!
If Gold Drops Below $2,600:
It might fall to $2,500 or even $2,400 before finding support and bouncing back.
The Upside:
If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level.
The Downside:
A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher.
Wellness Tip:
Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused.
Kris/ Mindbloome Exchange
Trade What You See
Gold bearish movementGold is bearish now.
After BAT Pattern completion (exactly on relevant PRZ) it is started to model the XA wave with Elliot 5 waves. it is completed for now although it would continue due to strong move. because of positive divergence we would have a bullish correction up then it will continue downward to the BAT target (AX wave model). and it will meet the end of the long term channel which can be seen here.
Gold continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal.
However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday.
⭐️Personal comments NOVA:
Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2674 - $2676 SL $2679
TP1: $2660
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2635 - $2637 SL $2632
TP1: $2645
TP2: $2658
TP3: $2670
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
12.16 Gold Short-term Operation AnalysisThe gold market rose and fell last week. At the beginning of the week, the market opened high at 2645.1 due to the risk aversion factors on the weekend. The market first filled the gap and gave 2626.1. Then the market rose strongly. By Thursday morning, the highest point of this round of impact target 2726.2 was touched. After that, the market took profits and the negative fundamental factors suppressed the market to fall rapidly. The weekly line finally closed at 2648.6. The weekly line closed with a shooting star pattern with a very long upper shadow. After the end of this pattern, the weekly line has technical adjustment pressure, and the target of this round of testing is still the weekly level Bu Lin middle track support. In terms of points, if it rises first in the morning, give 2667 shorts and conservatively give 2670 shorts and stop losses at 2674. The lower targets are 2655 and 2645. If it falls below, this week's targets are 2640 and 2631 supports. If it still breaks, look at 2623 and 2612 near the extreme adjustment points of this round to exit and reverse trend long positions.
GOLD MARKET ANALYSIS Recent Movement: Gold climbed to $2,720 before experiencing a market drop to $2,645.
Short-Term Strategy: To initiate a buy, we need confirmation that selling pressure has eased, as indicated by candlestick signals on the H1 and H4 charts. Key buy zones for the upcoming week are identified at $2,636 - $2,614.
Long-Term Outlook: Gold retains the potential to reach the $3,000 mark. However, before a significant upward move, the price is likely to trade sideways in the H1 and H4 timeframes or dip further to build selling momentum and mislead the market.
GOLD → Consolidation. Which way will the momentum go?
XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen?
The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech
Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP...
Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher...
Resistance levels: 2651, 2660
Support levels: 2636, 2618
Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
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