Xauusd sell On the flip side, the $2,616-$2,615 region that is deemed as a pullback area, or the 23.6% Fibo. level could offer immediate support. This is followed by the $2,600 round-figure mark, below which the Gold price could retest the monthly swing low, around the $2,583 zone touched last week. Some follow-through selling will be seen as a fresh trigger for bears and set the stage for deeper losses in the near term.
Gold now sell 2613
Target 2590
Goldsell
XAU recovers - returns to downtrend retest zone⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The Federal Reserve cut interest rates at its December meeting as anticipated but signaled a slower pace of future reductions. The updated dot plot, which outlines projected rate trends, now suggests a half-percentage-point cut in 2025, down from the full percentage-point reduction forecasted in September. This shift continues to strengthen the US Dollar (USD) and weigh on USD-denominated Gold, as rising real interest rates increase the opportunity cost of holding non-yielding assets like gold.
On the other hand, weaker-than-expected US inflation data may help limit gold’s downside. The Personal Consumption Expenditures (PCE) Price Index rose to 2.4% year-over-year in November, up from 2.3% in October but slightly below the 2.5% market estimate. Meanwhile, Core PCE remained steady at 2.8% but fell short of the expected 2.9%.
⭐️Personal comments NOVA:
Gold H1 frame recovered and retested the break zone in the downtrend, mainly sideways price below 2650 zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2643 - $2645 SL $2651
TP1: $2635
TP2: $2620
TP3: $2610
🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2615
TP2: $2628
TP3: $2640
⭐️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
GOLD (xauusd): it is bearish now!hello guys.
let's make this analysis a simple one!
as you can see gold touched the upper S&D zone perfectly and at the same time touched the top line of the channel!
now the midline of the channel is broken too!
so we can consider a downward movement at least until the bottom line of channel
Summary of 12.21 Golden WeekendThis week, gold experienced continuous shrinkage, but we also followed the trend and finally won a great victory. Our members also successfully completed the goals set at the beginning of the week.
Finally, I wish you all a happy weekend. Let us continue to complete our profit plan next week.
Bears dominate - gold selling pressure below 2600⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Thursday's US economic data revealed a decline in unemployment claims, while the final Q3 GDP report from the Bureau of Economic Analysis confirmed 3.1% year-over-year growth.
Despite these figures, market attention remains focused on projections for 2025. The Federal Reserve (Fed), led by Chair Jerome Powell, reduced interest rates by 25 basis points, though the decision was not unanimous, with Cleveland Fed's Beth Hammack dissenting in favor of maintaining current rates.
Fed officials have also shifted focus to inflation, as reflected in the dot plot. Their projections indicate two 25-basis-point rate cuts in 2025 and another two in 2026.
⭐️Personal comments NOVA:
Strong Bearish Trend - Pressure on Market Maintains Around 2600
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2626 - $2628 SL $2633
TP1: $2620
TP2: $2610
TP3: $2600
🔥BUY GOLD zone: $2576 - $2574 SL $2569
TP1: $2582
TP2: $2590
TP3: $2600
⭐️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
XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for.
XAUUSD is currently trading at around 2605 .
We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago).
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play.
Overall XAUUSD is still extremely bearish . We could see the following scenarios happen.
Scenario 1: SELL from 2620
We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells.
Scenario 2: SELL from 2633
A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level.
Scenario 3: SELL from 2590
Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD is overall bearish.
- XAUUSD sells are valid from key pullback areas 2620 and 2633.
- XAUUSD breaks below 2590 would also confirm further sells.
Happy trading!
FxPocket
12.20 Gold short-term short-selling trend remains unchangedAgainst the backdrop of changes in the Fed's expectations for a rate cut in 2025, and the reduction in the number of rate cuts and the reduction in the magnitude, the gold market plunged sharply on Wednesday night. Although there was a rebound on Thursday, the price once reached 2626. However, it should be noted that this seemingly strong rebound is actually a bullish counterattack after the decline, and it is difficult to reverse the overall downward trend.
From the daily trend pattern, the closing line of the high-rise and fall leaves a long upper shadow, which means that the increase cannot be maintained and the strong pattern is difficult to return.
This rebound, on the one hand, vented the resistance of the bulls, and on the other hand, it confirmed the pullback of the previous bottom support and completed the top-bottom conversion. Once the key support level is broken, the bears will continue. In addition, after the short-term touches the whole hundred mark, there will be repeated situations. From the technical perspective, whether it is rising or falling in the short-term, after touching the whole hundred mark, there will be short-term repetitions. Therefore, after yesterday's decline and the price fell below 2600, it is normal for the price to rebound.
Although the current market has not started to fall, it is very difficult for the price to return to the original support level, and the downward trend has become a high probability event.
Today's trading strategy:
SELL: 2620 Target 2600 90 80
12.20 Gold Short-term Operation Analysis StrategyYesterday, the gold market opened at 2645.2 in the morning, and then the market rose slightly. The daily line reached a high of 2652, and then the market was in a range. Before 3 am, the daily line reached a low of 2632.9, and then the market was in a range. Although the Fed cut interest rates by 25 basis points in the early morning, the dot plot showed that the rate cuts next year would be reduced from 4 to 2, and the Fed Chairman later confirmed that the market broke through and fell sharply. The daily line reached a low of 2583.1, and then the market was in a range. The daily line finally closed After the line reached 2585.2, the daily line closed with a saturated large negative line with a slightly longer upper shadow line. After this pattern ended, the rebound trend was destroyed. The market has a need to continue to fall back within a certain period of time. In terms of points, the short position at 2600 this morning was reduced and the stop loss was followed up at 2602. Today's market first rose to give a 2600 short conservative 2612 short stop loss of 2616. The lower targets are 2590 and 2583. If it falls below, it will focus on the 2572 and 2563-2554 support range.
XAUUSD - sells in play?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair updated from the previous one.
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play.
XAUUSD is currently trading at around 2670s .
If you remember our previous long-term view on OANDA:XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD completed the predicted long-term move to the upside.
- XAUUSD sells were called at the top of the area (2714).
- XAUUSD failed to break higher and is following the long-term analysis.
Happy trading!
FxPocket
12.19 Gold interest rate decision determines direction!How to participate in the short-term gold today?
From the daily chart of gold, it is a weak bearish pattern. The upper 2662 is the resonance pressure of the daily and hourly lines. This position has been prompted in recent days. The hourly chart shows that 2651 is the hourly annual line level pressure. This position also suppressed the retracement in the early trading. The hourly BOLL is slowly closing. The data is approaching. The 1-hour and 30-minute charts are also in a volatile pattern. So today's morning trading will not see a big market outbreak. Pay attention to the 2640/38 area below to see a volatile rebound of 2651-2662. When the price reaches 2662, you can first participate in the retracement. Of course, these are all before the data is released. After the data is released, you can still treat it as a shock between 2706-2600.
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
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
Follow the trend and short gold!This week is a new week, so let's start this week's trading with hope!
Gold rebounded after touching 2643, and currently rebounded to 2658. From the current rebound strength, gold is still very weak. And after gold just experienced a big drop, there is no position to support gold to rebound immediately. So we can only follow the weak trend in trading at present.
So in the short term, I still prefer to short gold, and there is resistance in the 2660-2670 area above. Once gold cannot break through this area strongly, gold is likely to continue to fall. Once gold encounters resistance and falls back, it may fall back to the 2645-2640 area, or even the 2630 area.
Bros, let's try to short gold first, and then wait patiently for gold to fall back! If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GOLD Going to the level of 2269$ GOLD Going to the level of 2269$
Gold-price may fall a bit and then bounce back to the $2690 level
Recently, the price started falling from the resistance line, breaking the $2690 level, and fell to $2535 points, breaking the $2605 level too.
Price then turned around and started rising inside a wedge where it broke the resistance line and soon reached the $2605 level.
The price exceeded this level and rose to the resistance line of the wedge and then made a correction to the support level.
Then, the price traded for a while and then fell to the support line of the wedge, after which it made an upward momentum.
Gold went up to the wedge resistance line, violating the $2690 level, but it recently turned around and fell to the support line.
Now, I think gold may fall below the wedge support line a bit and then bounce to the $2690 level.
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.
xau/usd continuation sell of from $2,678Gold has been showing clear structure to the downside on the 1H. However, on the 4H time frames and above we didn't actually see price further BOS to the downside buy rather it pushed back up the 8H imbalance to create EQH liquidity. This makes me wonder whether or not we will see a last push up from Gold before price then makes it way further down.
However, this week we can be sure to catch some sells on gold as we see a lot of bearish indication on the lower time frames. I am expecting for price to open and consolidate before it takes the ASH and potentially fails the 30min supply zones i have before reacting from the 6H supply. It is also possible that price may want to fill the 6h Imbalance above and actually react from the 4H supply instead.
If price truly wishes to respect these Asian highs and simply further react without having a significant retracement then I can potentially expect price to react from these lower time frame 30min supply order blocks.
xauusd analysis for mondayTechnical Analysis
Key Levels:
Support:
Primary Support: $2,630–$2,640, a crucial level that has consistently held over the past weeks.
Secondary Support: A breakdown below $2,630 could lead to further declines toward $2,600 and $2,570
Resistance:
Primary Resistance: $2,670–$2,700, a zone gold must clear to confirm bullish momentum.
Extended Target: A sustained move above $2,700 could push gold toward $2,720 or higher, with the long-term target near $2,750
Price Action:
Gold has been consolidating around $2,650, indicating indecision in the market. Traders are awaiting a catalyst for a breakout in either direction
Indicators:
RSI: Neutral, indicating no overbought or oversold conditions.
Moving Averages: Gold is trading near its 50-day moving average, reflecting a balance between buyers and sellers.
Elliott Wave Analysis: Suggests the current correction phase might end soon, potentially paving the way for an upward movement
Fundamental Analysis
Key Drivers:
1. Federal Reserve Meeting:
A dovish stance or pause in rate hikes could weaken the USD, benefiting gold. Conversely, a hawkish surprise could pressure prices.
2. US Economic Data:
Housing Data: Strong numbers may support the USD, weighing on gold.
GDP Report: A weaker-than-expected reading could bolster gold's safe-haven appeal, while strong data might strengthen the dollar
3. Global Economic Factors:
Geopolitical Risks: Persistent uncertainties may sustain demand for gold as a safe-haven asset.
Inflation: Gold's role as an inflation hedge keeps it relevant amid ongoing inflationary pressures globally
4. Seasonal Trends:
December traditionally sees increased gold demand, linked to year-end portfolio adjustments and festive purchases.
Trading Scenarios
Bullish Scenario:
Entry: Above $2,660
Targets: $2,700, $2,720, and potentially $2,750
Stop-Loss: Below $2,630
Strategy: Look for a confirmed breakout above resistance or positive market sentiment boosting gold.
Bearish Scenario:
Entry: Below $2,630
Targets: $2,600 and $2,570
Stop-Loss: Above $2,660
Strategy: Watch for rejection at $2,650 or stronger-than-expected US data supporting the USD.
GOLD Speculative Sell - Correction AnticipationDon't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target.
Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou