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Goldtradingsetup

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
XAUUSD: Wait for the correction and continue buyingGold hit a recent high after breaking through consolidation today. Gold has a clear upward trend. Now gold continues to rise and the trend remains unchanged. The US market continues to rise along with the trend! The effective support now is the gap position in early trading! Relying on the support of 2050, the long position remains unchanged! Gold's current daily resistance is 2065. It is expected that there will be an adjustment, but it will continue to reach new highs after the adjustment! Just keep bullish! specific strategies Gold 2050Buy, stop loss 2043, target 2065-2070
OANDA:XAUUSDLong
by Golden-Strategy-Master
XAUUSD: 22/12 Asian Market AnalysisNow that gold has broken through a new high, a new band of rise has begun! Next hit the 2060 pressure! From the hourly chart, gold has an obvious upward trend. This week's shock is a normal adjustment in the upward process. The adjustment is to accumulate strength for another rise. The end of the adjustment means that a new band of rise has begun! The new band target is at least the 2060 line, or even a record high! Gold is still going long now, and you can enter the market directly near the Asian plate 2045! The adjusted rise generally does not give too many opportunities to get on board. If there is a small correction, just BUY!
OANDA:XAUUSD
by ActuaryJ
1
Why Gold's "resistance" wasn't sustained | Move ExplainedGood Morning guys how is everyone today, Merry Christmas \ Seasons Greetings to you all. Today is Friday 22nd December, 2023 - Literally the weekend before Christmas. It's the Eve of the Eve of the Eve of Christmas lol. But jokes aside I want to quickly discuss why I think the "resistance" (Green zone) wasn't sustained. Here on the 4H we can we that there is a beautiful level right around 2053 ish (green zone) that would have seemed to be held since early December, having only been broken once..or so you thought. The reason why I am putting "resistance" in inverted commas is because I believe even the terminology "Resistance" is used to induce traders. Let's be honest here for a quick second, don't you think there would be a massive amount of sellers coming into the market at this level out of belief that the "resistance" is holding and is strong? Mistake - Price creates these zone which means the zone itself cannot be the thing to control price..it's the other way around. If price created it price can destroy it - Simple In an earlier analysis, Link here - I said that the current Monthly candle couldn't be trusted at the time because 1. It hadn't closed yet (and still hasn't closed) 2. It was red, rejecting the high in a bull market If you were to look at the monthly timeframe now, you'd realize that the monthly candle has changed its appearance yet again (AND STILL HASN'T CLOSED) The reason I am bringing this up is because, many traders use the current candle as part of their analysis and in my opinion it is extremely dangerous to do this as anything can happen between now and when that candle closes Anyway, back to the 4H we can see that gold surged through that "resistance" with relative ease, Granted what I thought could occur in my previous analysis was wrong, it prevented me from taking any trades so in this light I don't mind being wrong to be honest But now I want to cover what I think is likely to occur next Seeing as what I originally thought would happen, which is where the dealer would drop lower, take out all buyers from the low then climb the market higher and higher..didn't happen. Looking at the current data we have a new micro zone above the "resistance". What does this zone represent (to me)? My answer to that is "late buyers". Buyers who FOMO'd, meaning their stops may be below either the (turquoise zone or the green zone) (red lines) Again it is entirely possible that the dealer does not spike these levels at all and simply continue to buy the market from this point but what I'd like to see is something like this Either the purple or the turquoise paths play out. Like I would have mentioned before however I am not trading for the rest of the year. The purpose of this analysis is for 2 (two) things really. 1. Keep everything sharp between my ears 2. Keep good track of what is happening so I can understand the flow of everything when I do come back out That being said - this is the end of this analysis here. If I don't send any update after this (IF) Merry Christmas \ Happy Holidays to you and your family. See you guys soon
OANDA:XAUUSDLong
by Brandon_evo4
XAUUSD:21/12 Today’s Market AnalysisGold technical chart daily pressure 2040-2072 below support 2000 Four-hour upper pressure 2042-2066 and lower support 2015-2000 One hour upper pressure 2040 and lower support 2037-2030 Operation suggestions: BUY: around 2030, target around 2040-2066 BUY: Near 2042, target 2030-2060 (range) SELL: Near 2042, target 2030-2020 SELL: Near 2066, target 2040-2030 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
Gold to rally tonight?Looking back at the gold fluctuations in the past two days, it is actually a range fluctuation. It is neither a unilateral market nor a bull start, nor a short move. So before the market breaks out, we only need to do swing trading back and forth between shocks to obtain swing profits. The range of this wave of shock is 2015-2047 So today’s idea is still to find meat in this range. Last night we sold in 2038 layout Take profit in 2027! A total profit of $11 I predict that tonight to tomorrow Friday will be the time when the market runs out of the range, so the trading in the next two days will be very critical. If you grasp it correctly, you will make huge profits! If you get it wrong you will burn your account! Avoid burning your account. The first prerequisite for your trading is to set a stop loss! Support locations are: 2020-2015 The pressure position is: 2047-2041 The dividing line between strength and weakness on the market is 2030 After seeing this situation clearly, I think you should understand how to trade, right? Waiting for market opportunities! waiting for my signal
OANDA:XAUUSDLong
by the_Hand_of_God
GOLD falls back to support 2030, buy bullishanalyse as below: During the day, the gold price encountered pressure from the upper 2047 line. The short-term bulls in the Asian and European markets lacked the energy to continue the upward attack. At present, they will first make a small correction to absorb the bottom chips before continuing the previous upward trend. This is also consistent with our expectations in early trading! At this stage, the gold price encounters support from the bottom 2030 moving average and the support from the 2028 trend line, so the current price of 2030 can be directly bought to be bullish! The one-hour pattern of gold prices shows a trend of rising bottoms and rising highs. At this stage, the gold price is running above the moving average of the golden cross. Looking at the short-term trend, the bulls are absolutely sure to crush the shorts. Today, the gold price will hit the high point of 2047 again. Please wait and see! The specific strategies are as follows: GOLD: Buy 2030-2028 Stop Loss 2025 Target 1: 2045 Target 2: 2060
OANDA:XAUUSDLong
by Golden-Strategy-Master
XAUUSD: 20/12 Today’s Market Analysis and RecommendationsGold technical chart daily pressure is 2040-2072, with support below 2000 The upper pressure in the four hours is 2042-2066, and the lower support is 2015-2000. One-hour pressure is 2045, support below is 2015-2000 Operational advice: Gold continued to fluctuate in a wide range yesterday. The daily line 2040 was supported before. It is obvious that yesterday's closing price closed at the pressure line. Today we will follow the trend and go long after the trend falls, and see if we can break through 2066 above. BUY: around 2040 BUY: around 2028 SELL: around 2066 You don’t have to follow the analysis point trading I mentioned. Just know what price range and which direction to take.
OANDA:XAUUSD
by ActuaryJ
1
GOLD's Final Trap (Re-done) | Round 2 LOL () This is a general image of the old analysis - and here is the link to it directly Alright guys so as I would have mentioned in the GOLD Minds forum I wish to re-do the analysis that I did a few days ago because truth be told I was wrong about what I thought it would do. I am not ashamed of this because 1. I didn't force any trade and 2. I am aware that I cannot get every single trade right unlike some traders on here So this new analysis is to serve as me rethinking about what can happen So let us begin Firstly I wish to clear my charts so I can have a fresh perspective on everything - my reasoning for this is that I could have a cognitive bias which would have been created from the analysis prior, by removing everything I thought I saw I not have no choice but to dig deeper and figure out what went wrong. This is important for me because my style of trading actually forces me to have a different angle of attack for each different trade set up. I'd typically have a few things generally in which I look for but I am of the understanding that NO 2 trades will ever be exactly alike. So on to the next part So as I am sure we agree on gold has historically been a bullish market and I don't think that has changed in recent times - we have confirmation of this on the monthly timeframe I want to draw your attention however to when you zoom in to the present price action on the monthly time frame As you can see if you look at the previous monthly candle, it is the only candle in which closed different that all the rest at the high, all of the other candles severely rejected the high whereas this previous monthly candle (black candle) seemingly randomly closed extremely bullish. Now what I think is important here is paying attention to how the current monthly candle is behaving (wicks to both sides) I am already thinking that traders are seeing this as rejection to the top (AT THE HIGH OF THE GOLD MARKET) and some traders would be seeing rejection to the downside. What this candle tells me in its entirety is that gold is absolutely consolidating right now And we have confirmation of that btw. On the weekly timeframe we have what seems like a bull trend that had been created all the way back from October and this is a good thing because if the dealer is inducing buyers to buy it means (to me) that the dealer wants the market to buy but he has to get traders to get in early so he can take them out of their positions before moving The concept of induction is interesting and I want to briefly cover it. Induction can also be known as seduction. Have you ever been seduced? if you have you feel as though you were compelled to do something beyond what you'd normally do simply so that you can achieve some level of pleasure. It is only after the fact you stop and think "what the hell have I done". Yeah, you've been seduced. Induction works the same way, have you ever entered a buy at (what you think is a really really good area)? Only for the market to stop you out and then proceed to buy not long after the fact? Congratulations, you've just fallen victim to induction\seduction. This black candle that seemingly breaks the trendline in a heart beat only to fall back in line could be reminiscent of that, but we don't know for sure - let's keep digging Admittedly the both the trendline and what "looks" like the stop hunt on this time frame are very ugly, but I can't shake the feeling that there is something more going on here Wait hold on.... Holy moly, what if, no that can't be....🤔 What if that move is simply to stop out traders who were interested in the breakout above the high who had stops just below the high I'm drawing at straws here because I am trying to understand why would the dealer drive price back down to perform this move, then to continue the buy? it has to be because of break out buyers right? And on the 4h timeframe we have the sellers being trapped in the bear trend only to be destroyed by what I thought was the W pattern signaling the reversal - Link to that analysis is here - So we have buyers induced to buy, on the higher timeframes, sellers induced to sell and already been taken out - Now it is just to take out the last set of late buyers right? It's almost too perfect ____________________________ Break, I had to leave my office to head into the town to deal with an emergency quickly, just got back home..so we continue ____________________________ Seems like we still have a lot of confirmation of buyers being induced - even the meter in tradingview suggests that the market sentiment of gold is buy. But let us take a look at what is going on on the 1H. Over to the left we have the previous "BOS - or what traders like to call a break of structure" it is really garbage because you can't use that information by itself to build out a trade but say what..as I always say the money has to come from somewhere right? Ignorance is bliss as they say. Then slightly over to the right we have the big spike up and traders being heavily induced to buy because they would have FOMO'd. And lastly further to the right we have all the buyers buying this new trendline even as I am typing this a buyer induction is occurring on the present part of the trendline. Interesting. This is what I think price is likely to do, I highly doubt I'd trade for the rest of the year but again if I were the dealer this is what I'd do...aim to take out every single trader who thought it was going to really buy and then actually buy AND then Close the market for Christmas before anyone even understands what happened - it's the most evilest thing ever lol Anyway this analysis is very long winded and I know most of you probably won't even get this far in reading - if you did tell me what you are getting yourself for Christmas, that will be our little inside joke in the comments. Keep them guessing Don't boost if you didn't read this entire post and didn't attempt to understand OR Boost if you did read this entire post and did attempt to understand Godspeed to all of you guys :)
OANDA:XAUUSDLong
by Brandon_evo4
5
XAUUSD: 19/12 Today’s Analysis and RecommendationsGold technical chart daily pressure 2040-2072, lower support 2000 The four-hour pressure is 2045, and the lower support is 2015-2000. One-hour pressure is 2034, support below is 2015-2000 ✅Operational advice: Gold has come to the form of consolidating and repairing the convergence of small triangles. Do not chase the market in a volatile range. The daily level is long above the 2000 mark, the 4H level is the 2042 long-short dividing line, and below it is the 2015 support and the 2000 support. Be patient. Wait for the breakout of the triangle range and then chase the trend BUY: Near 2020 BUY: Near 2000 SELL: Near 2042 SELL: Near 2066 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
What's next for Gold after $2,100 record? PCE report in sight What's next for Gold after $2,100 record? PCE report in sight As attention in the financial markets shifts towards the upcoming US Personal Consumption Expenditures (PCE) inflation report set for release on Friday, its significance becomes apparent. This report holds the potential to provide crucial insights into future monetary policy adjustments. Moreover, its outcomes could ripple across various sectors, influencing the strength of the US Dollar and impacting both the stock market and the value of gold. Looking at the daily chart for the XAU/USD pair reveals a potential upward tilt in risk. Notably, gold has recently achieved a historic milestone, surging to an all-time high of over $2,100 per ounce. While a minor correction followed, this event remains undeniably significant. Within this context, the Core Personal Consumption Expenditures (PCE) Price Index, the favored inflation measure of the US Federal Reserve, takes center stage. The annual PCE inflation rate in the US dipped to 3% in October 2023, a level not seen since March 2021. Projections for this Friday’s PCE report hint at a potential fall to either 2.8% or 2.9%. Notably, a failure to reflect moderation in these figures would signal that the economy is still operating at an elevated temperature, potentially indicating that any policy stance adjustment could be premature.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD Bullish unchanged, buy on pullbackMarket analysis: Gold continued to rise yesterday, reaching the highest level of 2033. Now that gold is rising, you can take advantage of the pullback opportunity to BUY! Gold has already turned to an upward trend after the Federal Reserve's interest rate decision, and now it is only fluctuating in the area of intensive trading pressure in the early stage! The upward trend has not changed. The current effective support line is at the 2018 position. You can rely on this support line to buy bullishly today. The upper pressure is yesterday’s high of 2033 and the previous high of around 2045! The specific strategies are as follows: Gold 2023-2025BUY, stop loss 2015, target 1: 2033, target 2: 2045
OANDA:XAUUSDLong
by Golden-Strategy-Master
Gold price edges lower amid modest USD uptickGold price (XAU/USD) struggles to capitalize on the previous day's positive move and trades with a mild negative bias heading into the European session on Tuesday. A slew of influential Federal Reserve (Fed) officials recently tried to push back against market bets for early interest rate cuts in 2024. This, along with the post-Bank of Japan (BoJ) selling around the Japanese Yen (JPY), lends some support to the US Dollar (USD) and exerts some pressure on the non-yielding yellow metal. Apart from this, the prevailing risk-on sentiment across the global equity markets is seen as another factor undermining the safe-haven Gold price. That said, geopolitics remains the biggest risk for the markets. Furthermore, worries about a deeper global economic downturn, particularly in China and the Eurozone, might continue to act as a tailwind for the XAU/USD. Traders might also refrain from placing aggressive bets ahead of a key US inflation reading, due on Friday.
TVC:GOLDShort
by D-Venn
The Final Trap for GOLD?What is up folks so I have an analysis I wish to discuss before the new trading day begins - My reason for wanting to drop it now is because I am seeing something that may be concerning and I wish to cover it now Everything is color coding so I will explain - Let us begin So if we begin with the monthly timeframe we know that at the end of the day gold is still very much bullish and we cannot count the current monthly candle as it has not closed as of yet - anything can happen between now and the end of the month and by extension the end of the year With that being said we know that the dealer would be more interested in destroying buyers because to destroy sellers all the dealer needs to do is have the market buy and any one who is selling would be taken out sooner or later The question is if the market continues to buy without stopping out buyers wouldn't that give anyone who is right about the direction (buying) be given a really good opportunity to buy? Do you think the dealer want's to give people a good opportunity to buy? Sounds kinda dumb right? So here I have on the m15 time frame a few things I wish to cover Firstly over to the left (blue tag) we have the last area of the late buyers who would have bought the last big spike up - these are traders who FOMO'd. These traders couldn't stand to see the market leave without them and it is very likely a lot of traders entered the market right here Over to the right from there we have (red tag) stop losses, now the stop losses run a few areas in particular but for now we will deal with just the stop losses of the last late buyers (blue tag). Obviously stops could be even lower than this but if it goes any lower I feel as though sells may make more sense at that point - The reason for that is if the dealer goes too low he would then give buyers an even better opportunity to buy and like we agreed - he doesn't want that. Up and to the right we have (orange tag) the buyers who bought off of the previous consolidation (light blue zone) being take out and becoming the new liquidity with the last spike down and going into the new consolidation range (orange box) My question is why would the dealer break one consolidation only to quickly resume a next one (1 day apart) seems kinda odd don't you think? Well it does to me and upon looking at the new consolidation (orange box) closer I realized something - within the new consolidation we have even more buyers being induced (light blue tags) and right below those inductions we have the stop losses that I would have discussed earlier (red tags) In green we have what I think could be the possible move because by doing this - the dealer destroys all the stop losses of very likely every buyer within this major trap here in one go AND now induces the seller AGAIN, just for that added cherry on top I'd become interested in that green move if 1. obviously it plays out lol and 2. if it shows me that it is indeed going back into bullish momentum very sharply The last tag (purple tag) is where I have set a price alert at 2014.28 and you'd notice I have set the alert a little higher that where I think it is going to go but still lower than the consolidation - this is to protect me from being falsely interested but also not to miss a potential set up Downvote\don't boost if you didn't take the time to read this entire post and didn't even try to understand OR Upvote\boost if you did take the time to read this entire post and did try to understand If you've made it this far - leave a Merry Christmas in the comments for me.. Let me see how many traders actually appreciate an in-depth analysis P.s if you disagree with me, I am always willing to submit if you have your analysis to counter but don't disagree and not be able to explain in the same amount of detail as to why By no means am I saying that I will be absolutely right about this but at least I am taking the time to explain what is going on in my brain Godspeed
OANDA:XAUUSDLong
by Brandon_evo4
8
XAUUSD: 18/12 Today’s Analysis and RecommendationsReview of last Friday: Suggestion to sell near 2042 last Friday, it fell all the way to near 2017, perfect profit exit Gold technical chart daily pressure is 2042-2072, with support below 2000 The four-hour pressure is 2042, and the lower support is 2000 One-hour pressure 2042-2066, support below 2021-2000 Operation suggestion: The 2000 mark is the dividing line between long and short that we have always emphasized before. Just go long above 2000. Only by following the trend can you make a profit. If the bulls break through 2042, you need to pay attention to the fact that there is still strong pressure near 2066. BUY: Near 2000, target 2030-2060 SELL: Near 2042, target 2030-2020 SELL: Near 2066, target 2040-2030
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 15/12 Today’s Market Analysis and RecommendationsGold technical chart daily pressure is 2040-2072, with support below 2000 The four-hour pressure is 2042, and the lower support is 2000 One-hour pressure 2042-2066, support below 2024-2000 ✅Operational suggestions: Judging from the daily analysis, today’s watershed for long and short strength will focus on 2042, support will focus on 2024, and the upper pressure will be around 42. Rely on this range to implement the sell high and buy low strategy. Today is still a volatile market. BUY: Near 2024, target 2030-2040 SELL: Near 2042, target 2030-2020 SELL: Near 2066, target 2040-2030 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 14/12 Today’s Analysis and RecommendationsGold technical chart daily line, upper pressure 2040-2072 and lower support 1983 Four hours, the upper pressure is 2042 and the lower support is 2000 One hour, the upper pressure is 2042-2066 and the lower support is 2021-2000 ✅Operational suggestions: Yesterday, gold rose strongly and broke through the 2000 mark. The 2010 level above also briefly fluctuated and then broke. I have said before that the 2000 mark is the watershed between bulls and bears, so above the 2000 mark we turn long and look towards 2060-2100, and maintain the low-long thinking during the day. Above, 2042 and 2066 are also effective suppressions. BUY: Near 2021, target 2040-2060 SELL: Near 2042, target 2030-2020 SELL: Near 2066, target 2040-2030 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ