Buying power is weakening - resistance 2724 good for SELLComment: 📌
The recent inflation data and comments from Fed official Waller put pressure on the US dollar, as traders grow increasingly confident that the US Central Bank might cut rates sooner rather than later. Waller did not dismiss the possibility of a rate cut at the March meeting, highlighting that inflation "is approaching our 2% target."
Chicago Fed President Austan Goolsbee, a voting member in 2025, expressed optimism that the labor market is stabilizing, as reported by The Wall Street Journal.
Market participants are now pricing in nearly equal odds of the Fed implementing two rate cuts by the end of 2025, with the first reduction expected as early as June.
XAU Trend: January 17 📌
Gold is reacting downward at the H4 2724 resistance zone, buying force is becoming weaker. Opportunity for sellers to push the price back to 2705, creating more liquidity for the market
Signal:📌
SELL XAU 2723-2726
SL: 2731 | TP: 2715 - 2708 - 2700
Thank you for reading my comment: "FM"
Goldsell
GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market.
The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated.
This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
XAUUSD SELL XAU/USD is finding a floor for now to bounce off after its sluggish Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 on Tuesday.
Gold sell 2674
Support 2640
In the 4-hour chart, a directionless 20 SMA has rejected advances since the week started, now acting as dynamic resistance at around $2,674.00. The 100 and 200 SMAs are also flat, yet well below the current level. Finally, technical indicators have ticked higher, although in neutral-to-bearish territory.
Support levels: 2,660.70 2,645.15 2,635.00
Resistance levels: 2,675.00 2,683.20 2,697.90
XAUUSD SELL Support
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!
Xauusd sell signal Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI data.
Xauusd sell 2654
Support 2630
Support 2620
gold next candles? good sell position is readyHey everyone this is your boy Hunbal! I am looking for a good sell trade ready for asian session gold is ready for a drop I have 2 confirmation one the rejection from the resistance level and second choc in m30 time frame so we are hoping a good sell from here (2660) our take profit will be 100 pips 2650 and our stop loss will be 60 pips 2666. I wish we all together print some money.
Good Luck :)
Gold Spot Analysis (1H Timeframe)Gold is currently testing a strong resistance zone around $2,658 - $2,676. This level has historically acted as a significant barrier, with prior attempts to break through resulting in sharp reversals.
Key points to note:
The resistance zone is clearly defined, and price action shows hesitation near this level.
A potential rejection from this zone could lead to a pullback towards the support levels at $2,637 and further down to $2,619, as indicated by the green target areas.
On the other hand, a breakout above $2,676 with strong momentum could signal a bullish continuation, invalidating the resistance.
Trading Plan:
Watch for bearish candlestick patterns or confirmation signals near resistance for potential short entries.
If entering short, aim for the support targets at $2,637 and $2,619, keeping the stop-loss just above $2,676.
In case of a breakout, wait for a retest of the resistance zone as support before considering long entries.
📊 Risk management remains key—always trade with a clear plan and disciplined execution.
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
Xauusd sell signal Gold price rises for the third consecutive session on Thursday, following a more than 27% increase in 2024, marking its best performance since 2010. This upward momentum has been driven by US monetary easing, persistent geopolitical tensions, and record central bank purchases.
Xauusd sell 2636
Support 2620
Target 2612
Small sell
Risk sell
Competition for gold longs and shorts intensifies
The current gold market has entered a wide consolidation stage after many fluctuations. Judging from the hourly line, the price has rebounded and risen, but the resistance above the 2637 line is obvious. If this level is exceeded, gold may return to its previous upward channel. In terms of form, gold shows a head-and-shoulders bottom breakout structure. If it successfully breaks through, the market outlook may test the 2655-2660 area.
The lower support is at the 2625 line. If the price falls below this support, the short-term rebound will come to an end, and gold may once again enter the downward adjustment stage.
Overall, the general trend of gold is still in the downward adjustment stage, and long-short games will still be frequent in the short term. There are certain risks in both long and short operations in the current market.
If there is no significant retracement before the US market, you can do short-term lows in the 2625-2630 area. But looking at the overall shape, individuals tend to go short, especially if the price does not stabilize above 2645 and return to the upward channel, or form a triangle convergence breakthrough. Aggressive investors can try short operations in the 2638-2640 area.
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] Time for the pullback ?After the huge rally we had on the TVC:GOLD , it can be time for a pullback.
Here I start my feelers for a short swing position in building and will manage the position / scenario after this first entry.
We reach my 2 weekly targets for the longs (I didn't expected the second one to be touched as fast) and the rejection of the second one is also an indicator showing me the timing to try my first shorts ...
Great Trade !
End of 2024! Gold is still in a downtrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) remain steady on Monday after two days of losses, with trading volumes thin. The precious metal is poised to close the year with an impressive 27% gain, marking its best annual performance since 2010. This surge has been fueled by central bank purchases, escalating geopolitical tensions, and monetary easing measures by major central banks.
Gold held its ground as markets absorbed signals of a hawkish Federal Reserve (Fed). Strong labor market data and stubborn inflation have led the Fed to project fewer rate cuts for 2025. This expectation contributed to a modest decline in Gold prices during the fourth quarter.
⭐️Personal comments NOVA:
Gold moves around the 2600 price zone, ending the year here and the downtrend is dominant
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2617 - $2619 SL $2624
TP1: $2610
TP2: $2600
TP3: $2590
🔥BUY GOLD zone: $2584 - $2586 SL $2579
TP1: $2590
TP2: $2600
TP3: $2608
⭐️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
Scalping XAU ! Gold price sideways end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
On Thursday, Russia's Federal Security Service reported it had prevented several assassination attempts by Ukrainian intelligence aimed at senior Russian officials and their families in Moscow. According to Reuters, the agency revealed that the attacks were to be carried out using bombs concealed in items like power banks or document folders.
Meanwhile, the Federal Reserve indicated a more cautious approach to rate cuts in 2025, reflecting a shift in its monetary policy direction. This adjustment underscores uncertainties about future economic policies, particularly with the incoming Trump administration's anticipated strategies.
⭐️Personal comments NOVA:
The year-end market is mainly accumulating, selling pressure is quite strong. Waiting for large liquidity zone to set up SELL signal
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2622 - $2624 SL $2627 scalping
TP1: $2618
TP2: $2613
TP3: $2605
⭐️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
12.30 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!
12.30 Gold Market Short-term Operation Technical AnalysisTechnical Aspects
Gold prices fluctuated around $2,620.00 on Monday, and the daily chart shows that gold prices are currently in a consolidation phase, close to the 9-day and 14-day moving averages. The 14-day relative strength index (RSI) hovered below 50, reflecting a neutral market sentiment. If the RSI can break through the 50 level, it may indicate an increase in the market's buying interest in gold.
In terms of resistance, gold prices may first target the psychological level of $2,700.00, and further resistance is the monthly high of $2,726.34 recorded on December 12. This level is an important target for bulls to conquer in the near term, and a breakthrough may trigger a new round of buying boom. In addition, the trend of gold prices in the medium term is still guided by technical indicators. If bulls can hold the current support level, they will have the opportunity to further challenge higher resistance.
In terms of support, gold prices may find initial support at $2,608. If it falls below this level, selling pressure may increase, pushing gold prices to the monthly low of $2,583.39. If gold prices fall further below this support, it may trigger more technical selling pressure, causing prices to slide to lower support areas. The market needs to pay attention to the possibility of increased volatility.
The gold market is currently in a critical consolidation phase and may continue to fluctuate within a range in the short term. If gold prices can break through the current consolidation area, market sentiment may quickly turn bullish. In the coming weeks, changes in technical indicators will provide more guidance to the market, especially whether gold prices can steadily break through short-term resistance levels and further challenge historical highs.
GOLD Update Read Caption 📈USD is recovering because of hawkish policies
The expert explained that amid persistent inflation concerns, the US Central Bank is expected to be more cautious in its interest rate decisions next year. This is likely to support bond yields and the US dollar, two factors that often reduce the appeal of gold.
Higher bond yields have a significant impact on investment demand for the yellow metal, as they increase the opportunity cost of holding these non-yielding assets. “At the same time, the greenback’s resilience, supported by hawkish central bank policies and strong economic data, makes gold more expensive for buyers holding other currencies. These dynamics could limit gold’s upside potential in the first half of next year.”
🔥 XAUUSD SELL 2625 - 2628🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
Gold breaks through the upward channel
Gold ended its narrow adjustment trend in the Asian session after the opening of the European session today. The price continued to weaken in the short term. After a brief battle between long and short positions at 2625 in the US session, the price finally broke through the channel, announcing that the bears dominated the market.
It is expected that the market will enter an adjustment phase after short-term heavy volume weakening. The 2610 first-line support is at the bottom, and the 2625 first-line resistance is at the top.
Overall, gold's trend today is also in line with high-altitude trading expectations. Continue to short under the pressure of 2625 to be adjusted later.
Gold adjusts in a narrow range
The recent trend of gold has changed from rising to wide fluctuations. After a sharp drop in the recent period, it has entered a rebound and repair stage, but the pressure from the previous high point still exists.
The short-term trend of gold rebounded and pulled up at the 2583 line, forming an upward channel. The resistance of the 2638 line above is under pressure. If it breaks through here, the market will test the 2655 line in the future. The price level has risen slowly in recent days, and the overall performance is still in an extremely weak stage.
At present, the trend of the Asian session is narrowing, and the European session is opening low. At present, the trend of the Asian session is narrowing, and the European session is opening low. If the gold price in the European market continues to weaken and falls below the 2620 line, the opening of the US market is expected to form a wave of accelerated decline, testing around 2600 and 2585.
In terms of operation, it is recommended to short at highs.