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Gold focuses on 2062/2050 supportGold fell back after rising yesterday, and fell below the 2070 long-short watershed, and the market turned downward! I started shorting today and sold directly above 2070 in early trading, with a profit of 80pips! The bottom supports the 2050 line! In trend trading, the most important thing is to follow the trend. When the market turns around, you must adjust your thinking immediately! So I always follow trends from beginning to end! Currently, gold has fallen below the moving average support, and the upward trend line has also been broken, which means that the gold trend has changed! The next step is to fall! Gold has been fluctuating all the way up, but the market changed yesterday! There is no rebound after breaking the position, which means that the adjustment will continue! The support below this time is the support position of the 4-hour Bollinger Middle Rail 2050! It is expected that there will be a rebound after this decline to this position! However, we do not rule out that the decline will stop near the previous low of 2060~2062, but I think the probability of falling to around 2050 is higher.
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD (GOLD) I Potential Bearish Flag BreakoutWelcome back! Let me know your thoughts in the comments! ** XADUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDShort
by BKTradingAcademy
5
XAU/USD Shorts from 2077.000 down towards 2032.000My Gold forecast for this week anticipates a temporary bearish move to clear the liquidity below. With the bullish pressure fading and a shift in character to the downside, there are indications of a brief bearish phase. Given the substantial liquidity below, I expect a descent towards 2032, where a 19hr demand zone is located. Currently, my strategy involves waiting for a minor upward movement to facilitate a redistribution within my 10hr supply zone. Subsequently, I will explore selling opportunities from that point. Since this entails a counter-trend trade, I'll exercise caution and seek additional confirmation, such as a Break of Structure (BOS), to ascertain that the market is ready for a bearish trajectory. Confluences for Gold sells are as follows: - Price has changed character to the downside and has left unmitigated 10hr supply zone. - Lots of liquidity to the downside in the form of trend line liquidity and Asian lows. - Price has been moving very bullish recently and is due for a correction. - If price wants to continue in a bullish direction I expect for price to tap into the 19hr demand. - Price has recently reacted off a 2hr supply which initiated a downward trend. P.S. As this is a short-term perspective, my overall outlook for this market remains bullish. I anticipate that price will continue its upward momentum, but it needs to retrace to a more favorable level before embarking on another rally. Hence, I expect a drop to reach and interact with a 19hr demand zone, serving as a potential catalyst for another bullish rally. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
OANDA:XAUUSDShort
by Hassan_fx
GOLD ROUTE MAP & TRADING PLAN END OF WEEK UPDATEHey Everyone, Great finish to the week for us, as we completed all our Bullish targets!!!! Yesterday we stated after hitting our last target at 2086, that we will see price play between 2071 and 2086 and break of either weighted level with ema5 will determine next level. 2071 was broken with ema5 and confirmed 2063, which was hit today. Once again we were able to track the movement down and catch the bounces up in true level to level fashion. BULLISH TARGETS 2063 - DONE EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET 2071 - DONE 2086 - DONE We will now come back Sunday with our new multi timeframe analysis, trading plan and gold route map for the coming week and new year. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
XAUUSD: 28/12 Today’s Strategy and AnalysisGold technical chart daily pressure is 2100, with support below 2066 The four-hour pressure is 2100, and the lower support is 2069-2066 One hour pressure is 2100, support below is 2080-2066 Operational suggestions: Yesterday, gold first fluctuated around the 2061-2066 range. The U.S. market ushered in a strong bullish upward trend and broke a new high. Today, it accelerated its upward move to around 2088. It is recommended that gold step back to 2080-2070 and continue to be long, looking towards the 2100 mark. BUY:near 2080 BUY:near 2070 SELL:near 2100
OANDA:XAUUSD
by ActuaryJ
📉⏰ Gold's Major Drop Tomorrow: Get Ready for the Tumble! 💥🚨👀Gold closed today at 2065.265 (-0.57%). We had anticipated this move a few hours before it happened, and we have been calling for this move since the beginning of the week. However, despite our predictions, many bullish investors and those with diamond hands are still not convinced that the bull trend has reversed and that we are now officially in a bear market. Tomorrow's drop in gold price will be huge compared to what we have witnessed today. And if it does not happen tomorrow, we expect it to happen the next trading day after January 01, 2024. Why? The hourly charts are in a dangerous spot Enough of the talking! Let's look at the charts now, because prices and charts are trustworthy. The gold 1-hour chart indicates that the trend has shifted to the bearish side. Let's look at the gold miners - NUGT (GOLD MINERS BULL INDEX X2) 3 DAILY CHARTS: We can see that there is double top formation on the RSI. GDX 3 DAILY CHART: We can see a double top formation on the RSI as well. XAUUSD 3 DAILY CHART: We can see a double top formation on the RSI as well. Based on the 3 daily charts, the first target is $1982.
OANDA:XAUUSDShort
by blacklegend55
XAUUSD: 27/12 Today’s Market Analysis and SuggestionsGold technical chart daily pressure is 2066-2072, with support below 2040 Four-hour pressure is 2066, support below is 2044 One-hour pressure 2066-2072, support below 2055 Operational advice: The advice given yesterday was absolutely correct. The gold price reached its lowest level near 2054 and then fluctuated upwards. It continued to test the 2066 mark. It is currently consolidating at the 2066 mark and waiting for the next attack! Look towards the vicinity of 2072-2080 and then look at the 2100 mark BUY:near 2055 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD pullback is still a buying opportunityGold's retracement did not fall below the key support of 2070, but the bulls remain unchanged. The pullback is still an opportunity to cover long positions! The current price of 2075 is directly higher, and the US market continues to be bullish! From the trend point of view, gold is still on an upward trend. The current pullback is exactly the support position of the 1-hour Bollinger Band, which is also the support position to start rising again. It can be more directly! The US market will at least attack the 2100 mark again! In the trending market, every correction is an opportunity to go long. Don’t miss the opportunity before it comes back. The current price is 2075, which is directly long! The U.S. market will surely pull up again in a straight line!
OANDA:XAUUSDLong
by Golden-Strategy-Master
28. The rising demand for gold is obviousOn Wednesday (December 27) in Asia, the Bank of Japan released a summary of the opinions of the review committee of the December monetary policy meeting, emphasizing that it is too early to raise interest rates and that the end of negative interest rates must first bring the price target within sight. The U.S. Defense Secretary confirmed that the U.S. military carried out air strikes in Iraq, which resulted in the death of at least one person. Mediterranean Shipping Company (MSC) said a container ship was attacked while transiting the Red Sea. Spot gold once approached the $2,070 mark, and then remained bullish at $2,064. Gold prices rose, breaking out of a trading range that had been in place for much of December after weak U.S. inflation data fueled more bets on early interest rate cuts in 2024. Gold has rallied sharply in recent sessions as the PCE price index, the Fed's preferred inflation gauge, fell short of expectations. Inflation data released after the Federal Reserve sent a dovish signal at its last meeting in 2023 raised hopes that the central bank could start cutting interest rates as early as March 2024. This view creates a strong outlook for gold, given that high interest rates drive up the opportunity cost of investing in gold. International gold is also likely to benefit from worsening global economic conditions in the coming year as major economies feel the impact of tightening monetary policies. There is now clear upside demand for gold, so the risk of going long gold is less than going short Please pay attention to updates for more trading signals xia
OANDA:XAUUSDLong
by Short-termTaurus
GOLD continues to wait for the pullback before buyingYesterday's judgment of first falling and then rising was very accurate, and today the market is likely to continue this trend again. The golden day has fluctuated within a narrow range, and the thinking has not changed now. We continue to wait for support to come back! Buy again near 2057 Gold is now consolidating and oscillating in the process of rising, maintaining a back-and-forth range within the 2050-70 range! Our idea is to sell high and buy low within the range, short or short, and the main idea is to be bullish on lows and longs!
OANDA:XAUUSDLong
by Golden-Strategy-Master
1
GOLD is waiting to buy again near the support level of 2053Gold continues to rise today, but the current momentum is insufficient and it is difficult to break through new highs. It needs to wait for the shock adjustment before it is possible to break through new highs again. Therefore, you can first watch a wave of correction, step back to the support level near 2053, and then buy again. Gold is still on an upward trend overall, but this rise has touched the pressure near the upper limit of the daily Bollinger Band, and there is a need for adjustment. The adjustment range is expected to be within the range of 2050-2070, with fluctuations back and forth within the range, so we In terms of operation, try to focus on buying at low prices and selling at high prices as a supplement! Selling must be short-term, if there is a profit, run as soon as possible! specific strategies Gold is sold at 2064, stop loss is 2073, target is 2053 Gold 2053 buy, stop loss 2045, target 2070
OANDA:XAUUSDLong
by Golden-Strategy-Master
Gold US market analysis and strategiesI shared the buying signal BUY2055~2058 in the Asian market today, and successfully made a profit of 7$ Now looking at the hourly chart of gold, it is fluctuating all the way up! Now that the rally is continuing, the pullback is still a long opportunity! The current support is the 2048 position. If there is a chance to step back, the price will be higher! Gold has now reached the pressure position of the daily Bollinger upper track, and after a long period of substantial rise, there is a need for adjustment! The adjustment is not the end of the rise, but the beginning of another rise! Above the dividing line between long and short 2048, it is still a low price to buy!
OANDA:XAUUSDLong
by Short-termTaurus
Would you Buy or Sell?No surprises so far as rejection on $2070 - $2072 Resistance level which is hard Resistance zone ahead of $2120 psychological benchmark. However, gold is in consolidation Zone from $2048-$2052 points to $2068-$2070.what would to do in that scenario ? As DX and Bond Yields are on declining run .Technically If the support $2048-$2052 pivot points are going to break then technically gold will on $2020 area. Furthermore, if $2070 - $2072 Resistance level breaks then gold will create the next highest peak.
TVC:GOLD
by Forexmaestro121
2
Analysis and plans for gold after the market opens tomorrowSpot gold's rebound continued last week as the Fed's favored core personal consumption expenditures (PCE) price index for November came in lower than expected. Gold prices briefly tested above $2,070 on Friday before falling back to the day's opening price. Last week, gold prices hit a maximum of $2,070.67 per ounce and a minimum of $2,015.99 per ounce. The 4-hour K-line encountered resistance and suppressed the early highs, and the overall trend was still downward. Although gold rebounded to a certain extent yesterday, without breaking through 2070, I personally do not expect the continuity to be strong. To put it simply, shorting will be the main focus next week on rallies. The first resistance above is near 2058. If the counterattack does not break this position, you can go short.
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD: Friday market analysis and suggestionsAfter gold surged today, it did not break through the previous high of 2047. Then the market on Friday will have two trends: The trend of the first chart according to me found support below the channel, and then began to rebound and hit new highs. Second, if it can fall below 2027 on Friday, the top of the callback in 2047 will be confirmed, and it will be difficult for Gold 2015 to support it. There will be a waterfall tomorrow. According to the current trend, the first trend is more likely to occur. remind: Friday is the last trading day before Christmas, and the market will be closed for three consecutive days. Trade cautiously on Friday and be sure not to leave your positions open until next week The market opening next Tuesday is likely to be a gap-like opening If you want to know more details about the gold trend, you can contact me at any time↓
OANDA:XAUUSD
by ActuaryJ
GOLD H1 / BEARISH CONTROL OVER GOLD, SHORT TRADE OPPORTUNITY 📉Hello Traders! This is my perspective on GOLD H1. I expect a retracement from the resistance level at the price of 2047.50 where I will search for a SHORT TRADE in case of confirmation. The target level is also the resistance level at the price of 1990. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
2