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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.
TVC:GOLD
by AIan_Gold
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!
OANDA:XAUUSDShort
by Hassan_fx
2
Gold (XAU/USD) Long Setup: First Swing of the Year Amid NFP WeekI initiated a long position on Gold (XAU/USD) following a retracement to the 0.6 Fibonacci level on the 8-hour timeframe. This setup marks the first swing trade on Gold this year, targeting the $2,680-$2,687 price zone. Gold opened the year on a bullish note, aligning with mid-range technicals. This trade reflects a mid-term outlook, aiming to capitalize on potential momentum driven by this week’s major macroeconomic events, including the Nonfarm Payrolls (NFP) release and the FOMC’s intervention. Fundamentals: The Federal Reserve’s hawkish tone, suggesting a slowdown in interest rate cuts for 2025, is providing upward pressure on US Treasury bond yields. However, these signals are driving flows away from non-yielding assets like Gold. Alongside geopolitical risks and trade war fears, this creates a complex backdrop for Gold. Additionally, the pullback in the US Dollar from its November highs is offering some support for the precious metal. Traders will closely monitor Friday’s NFP report and the December FOMC meeting minutes for further direction. Key bullish themes for metals: • Rising inflation expectations and the Fed’s pause in rate hikes support Gold. • China’s green initiatives boost demand for metals. • Interest rate cuts could provide further upside for Gold. • Stagflation fears increase Gold’s attractiveness as a safe-haven asset. Technicals: • Entry: Positioned after a 0.6 Fibonacci retracement. • Target Zones: $2,680 - $2,687. • Timeframe: 8-hour chart, aligning with the mid-range strategy. • Outlook: Maintaining a close watch on price action, especially with upcoming macro releases that could create volatility. Let’s keep the momentum strong and pay attention to market signals. Stay focused, and as always, pay yourself! 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.
CAPITALCOM:GOLDLong
by AR33_
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UPWARD channel on ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
3
A Lot is Happening on Gold!While the price of Gold (XAU/USD) has been rangebound since December 2024, a possible AB=CD harmonic support zone at US$2,471 continues to call for attention. A 61.8% Fibonacci retracement ratio also complements this support at US$2,473. Investors will also likely take note of the double-top pattern around the December 2024 peak of US$2,726. The pattern’s neckline at US$2,605 has been breached, and its profit objective conveniently resides just above the AB=CD support at US$2,483. So, two patterns indicate that a push lower could materialise before buyers attempt to step in. However, given Gold’s clear uptrend, a bullish move above the December 2024 peak also remains possible.
FPMARKETS:XAUUSD
by FPMarkets
Gold Spot (XAU/USD) Technical Analysis: Harmonic Pattern and KeyThis analysis highlights a harmonic pattern forming on Gold Spot (XAU/USD) in the 4-hour timeframe, along with critical support and resistance levels that may guide future price action. Key Levels: Support Zone: 2638–2630 This area represents a strong support zone where price may find buying interest if a pullback occurs. A break below this range could lead to further bearish momentum. Resistance Levels: 2675: First resistance level where the price could face selling pressure. 2695: A key level in alignment with the harmonic pattern's potential completion. 2710: Final target zone, representing a full extension of the pattern and a critical resistance area. Harmonic Pattern: A potential Bearish Gartley pattern is forming, with the final point (D) expected near the 2695–2710 zone. This pattern suggests a possible reversal from the completion zone, depending on price action and confirmation signals. Scenarios: Bullish Scenario: If the price holds above the 2638–2630 support zone, it may continue its upward move toward the resistance levels at 2675 and 2695. A breakout above 2695 could lead to further gains, targeting 2710. Bearish Scenario: Failure to break above the 2695–2710 zone (completion of the Gartley pattern) may result in a reversal toward the support zone at 2638–2630. A break below 2630 could trigger additional downside momentum. Conclusion: Gold is approaching a critical area defined by the harmonic Gartley pattern. The 2638–2630 support and 2695–2710 resistance levels are key zones to watch for potential price reactions. Traders should look for confirmation signals, such as candlestick patterns or momentum shifts, to identify the next move. Feel free to share your thoughts and follow me for more professional analyses!
OANDA:XAUUSDLong
by Mohammad_Mirdehghan
1.9 Risk aversion rises, gold is short-term bullishIn the early Asian session on Thursday (January 9), spot gold fluctuated narrowly at a high level and is currently trading at $2,662.59 per ounce. Gold prices hit a nearly four-week high of $2,669.83 per ounce on Wednesday after a weaker-than-expected December private employment report relieved some market participants, who believed that the Federal Reserve might not be so cautious about easing policy this year. Reports on Trump's tariffs also provided safe-haven support for gold prices, but U.S. Treasury yields also rose as a result, and the dollar continued to rise, which made gold bulls cautious. After hitting 2,669, gold prices fell back to around the 2,650 mark and closed at $2,661.46 per ounce. The gold market opened at 2648.4 yesterday morning and then fell back. The daily line reached a low of 2644.9 and then fluctuated and rose. The daily line reached a high of 2670 during the US trading session and then the market was consolidated. The daily line finally closed at 2661.8. The daily line closed with a medium-sized positive line with an upper shadow slightly longer than the lower shadow. If the market falls back to 2652 today, stop loss at 2647, and the target is 2665 and 2670. If it breaks, it will be 2674 and 2680.
TVC:GOLDLong
by AIan_Gold
1
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
TVC:GOLDLong
by AIan_Gold
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**.
CAPITALCOM:GOLDLong
by TRADE_CENTER_1