GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out perfectly. We got our bearish target now complete at 2600 followed with the weighted bounce and now heading towards 2629 to complete the Bullish target gap that was left short by a few pips yesterday.
We are still seeing price play between the two weighted levels and will one of the weighted levels to break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2629 - DONE
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
BEARISH TARGETS
2600 - DONE
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Its NYE today and the markets closed tomorrow. Looking forward to another smashing year. Wishing you all a blessed year ahead!!
Mr Gold
GoldViewFX
Goldtradingstrategy
XAUUSD: 31/12 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2660, support below 2580
Four-hour resistance 2627, support below 2600
Gold operation suggestions:
From the 4-hour analysis, gold short-term focus on the short-term suppression of 2627, rebound to this position can be involved in short orders, focus on the suppression of 2635-40, focus on the short-term support of 2580-2600, the operation is mainly based on rebound selling, buy near 2580 support, and wait patiently for key points to enter the market.
SELL:2627near
SELL:2618near
BUY:2580near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Short gold, aiming for 2600-2590Bros, gold rebounded after touching 2596 overnight, and has now rebounded to 2617. Although gold has gradually recovered, the momentum behind the rebound appears notably weak, leaving the sustainability of the recovery uncertain. Furthermore, despite the rebound from the 2596 level, there are no clear signs of bottoming out, which suggests that gold currently lacks the conditions for a trend reversal. This movement is likely just a correction to the sharp decline from yesterday, making it highly probable that gold will retrace after the rebound and retest its support levels.
In the short term, resistance is concentrated in the 2618-2625 range. If the rebound lacks the momentum to decisively break above this resistance, gold is likely to retest the 2600-2595 support zone. Should this zone be breached, the downtrend could extend further to the 2585-2580 range.
For short-term trading, I have entered a short position on gold at a price of 2615.62, using the 2618-2625 range as resistance. I anticipate that gold will once again test the 2600-2595 region. As for whether gold will extend its decline to the 2585-2580 zone, let’s wait and see!
Bros, are you optimistic about the continued decline of gold? 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!
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!
XAUUSD:30/12 Today's Market Analysis and StrategyTechnical analysis of spot gold
Daily resistance 2660, support below 2580
Four-hour resistance 2627, support below 2600
Gold operation suggestions: Gold was under pressure at the 2639 mark last Friday, and it fell back and fluctuated downward. The US market continued to fall to the 2611 mark, stabilized, rebounded, and closed in a volatile manner. The overall gold price continued the recent wide range of long and short fluctuations.
From the 4-hour analysis, we focus on the 2627 pressure on gold today. If the rebound touches below this level, it can be sold. Below, we focus on the 2610 first-line support, and focus on the 2600 first-line support nearby. In terms of operation, shorting on rebound is the main method, shorting below the 2627 long-short watershed, and long above it. Be cautious at all other positions and wait patiently for key points to enter the market
SELL:2627near
SELL:2620near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Buy gold first, then short gold at the right timeBros, after reaching the 2622 level, gold has gradually pulled back and is now trading near 2600. Fortunately, we managed to capture the short-term peak and closed our long positions near 2622, successfully locking in profits.
However, following the pullback, I have re-entered long positions in gold. I initiated a buy position around 2606, and as gold dipped further to approximately 2600, I added to my position with the same lot size. The psychological support level at 2600 remains a critical threshold, and it’s unlikely to be decisively breached in the short term during the market’s tug-of-war. Therefore, gold bulls may recover some ground during this phase, which is why I remain committed to taking long positions in the short term.
That said, given the strength of bearish momentum as gold declines, expectations for the rebound’s upside potential should be adjusted downward to the 2610-2615 range. If gold’s momentum remains weak after testing this range, we can then consider initiating short positions once again.
Bros, are you bullish on gold rebounding and regaining some lost ground? 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 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed.
We are still seeing price play between the two weighted levels and started the day with our bullish target test 2629, which just fell short but can be considered as done. No cross and lock above confirmed the rejection and now we are seeing price head towards the lower weighted level for a test. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2629
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
BEARISH TARGETS
2600
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD XAUUSD IS RECOVERING BECAUSE OF HAWKISH POLICIESThe 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 rebounded as expected. Did you follow me to buy gold?Bros, as I mentioned in my previous article, if gold continues to narrow its fluctuations during the downtrend, it is highly likely to find support again in the 2610-2605 zone, followed by a rebound. Currently, gold is performing exactly as I anticipated—after touching 2609 twice, it successfully halted the decline and has since rebounded, with gold currently trading around 2617.
Based on the current structure of gold, it is fully capable of attempting another push toward the 2620-2630 region. If the upward momentum continues strongly, a breakout above the 2635 level could trigger a further attempt to reach the 2640-2650 zone. I have already executed long positions near 2611 and 2610, in line with my trading strategy, and I am currently sitting on a relatively good profit. Let’s see how far this rebound can take gold!
Bros, have you followed my lead and gone long on gold? If you want to learn more detailed trading strategies and receive additional trade signals, you can join the channel at the bottom of the article. Let’s make trading easier and turning profits into a pleasure!
Buy gold with support as defenseBros, the trading journey for the new week starts from this moment.
Gold has gradually pulled back after reaching around 2638 and is currently testing the 2614 level. If the volatility of gold continues to narrow, I believe gold will find support once again in the 2610-2605 region and could potentially rebound back towards the 2620-2630 range. Therefore, in the short term, as long as gold remains above the 2610-2605 support zone, there is a good chance it will rebound again. So, for short-term trading, we can still consider going long on gold.
Bros, are you optimistic about the rebound of gold? 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!
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.
Is Gold the Best Investment in a Mixed Metals Market?Gold Shines in a Mixed Year for Metals Markets
In 2024, gold emerged as a standout performer in the often-volatile metals markets. While other metals experienced a mixed bag of results, gold surged by an impressive 27%, defying the broader market trends. This bullish run can be attributed to a confluence of factors, including US monetary easing, heightened geopolitical tensions, and strategic central bank purchases.
A Year of Contrasting Fortunes
The performance of base metals in 2024 presented a more nuanced picture. While some base metals witnessed healthy gains, others struggled. Iron ore, a key ingredient in steel production, witnessed a significant decline, and lithium, often touted as the white gold of the electric vehicle revolution, also faced headwinds.
Gold's Allure: A Haven in Uncertain Times
Gold's resilience throughout 2024 can be ascribed to its inherent characteristics as a safe-haven asset. When economic or political uncertainty clouds the horizon, investors often flock to gold, perceiving it as a store of value that can weather market storms.
• US Monetary Easing: In 2024, the US Federal Reserve implemented a series of monetary easing measures, injecting liquidity into the financial system and lowering interest rates. This dovish stance by the Fed weakened the US dollar, making gold, a dollar-denominated asset, more attractive to international investors.
• Geopolitical Upheaval: The year 2024 was marked by a heightened sense of geopolitical instability. Trade tensions, regional conflicts, and concerns over global security fueled investor anxieties. Gold, perceived as a hedge against geopolitical risks, benefited from this flight-to-safety bid.
• Central Bank Buying Spree: Central banks around the world were significant buyers of gold in 2024. This strategic accumulation by central banks bolstered investor confidence in the yellow metal, further solidifying its position as a valuable reserve asset.
The Road Ahead: A Look at 2025
As we enter 2025, the outlook for metals markets remains shrouded in some uncertainty. However, several key factors are likely to influence the trajectory of gold and other metals.
• The Trajectory of US Monetary Policy: The future course of US monetary policy will be a critical determinant of gold's performance in 2025. If the Fed maintains its dovish stance, it could continue to buoy gold prices. However, if the Fed signals a shift towards tighter monetary policy, it could dampen gold's appeal.
• The Evolving Geopolitical Landscape: The geopolitical landscape in 2025 will significantly impact investor sentiment. If geopolitical tensions escalate, gold could surge as investors seek a safe haven. Conversely, a period of relative geopolitical stability could lead to a pullback in gold prices.
• China's Growth Engine: China's economic growth prospects will also be closely watched. China is a major consumer of metals, and its demand can significantly influence prices. If China's economy strengthens in 2025, it could provide a tailwind for base metals.
Gold's Strong Gains: A Harbinger of Change?
Gold's stellar performance in 2024 may signal a fundamental shift in market dynamics. After years of dominance by riskier assets like equities, investors may be returning to safe-haven assets like gold in anticipation of a more uncertain economic and geopolitical environment.
In conclusion, the year 2024 was a year of contrasting fortunes for metals markets. While gold emerged as a clear winner, other metals painted a more mixed picture. As we look ahead to 2025, the trajectory of US monetary policy, the evolving geopolitical landscape, and China's growth prospects will be the key factors shaping the performance of metals markets. Gold's robust gains in 2024 serve as a reminder of its enduring allure as a safe-haven asset in times of uncertainty. Whether this marks a long-term trend or a temporary blip remains to be seen, but one thing is certain: gold will continue to be a closely watched asset class in the ever-evolving global financial landscape.
Gold Analysis==>>Falling Soon!!!🎄First of all, I want to wish everyone a Merry Christmas , I wish you all the best moments .
As I expected , Gold ( OANDA:XAUUSD ) reached the upper area of the Resistance zone($2,642-$2,620) .
Gold is moving in the Resistance zone($2,642-$2,620) , near the 50_EMA(Daily) . (It has also succeeded in breaking the Uptrend line ).
According to the theory of Elliott waves , it seems that Gold has successfully completed the Double Three Correction(WXY) in the Ascending Channel .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to attack the lower line of the ascending channel AFTER breaking the Support line .
⚠️Note: If Gold breaks the 50_EMA(Daily) and Resistance zone($2,642-$2,620), we should expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Analysis & Strategy for Dec 30, 2024Gold is almost reached to year end with great bullish move throughout the year that make it really a precision metal.
On technical prospect for today/current week, we have marked some levels on charts with white lines that can act as support and resistance. Waiting for these levels to enter on trade have the ability to give you 50/120 pips quick profits.
Please note precession comes with patience.
Weekly View On Gold XAUUSD (Week 01/2025)Weekly View On Gold XAUUSD (Week 01/2025)
GOLD is in
1. In the tight range since Nov 2024 and it is due for the break out soon.
2. For the positioning, we still have minor bullishness in tact.
Summary
Slightly Bullish but it is gonna be wild swing as the buyers and sellers fighting it hard to win over each other.
So, make your plans accordingly. (See the black dash line for possible future projection of the gold price)
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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Gold conquering the $3,000/ounce mark is possible.China and India, the world’s two largest gold consumers, are also facing domestic challenges that could dampen demand for the precious metal. In China, a weaker yuan and a sluggish recovery from the pandemic have made gold less attractive. India, the number two gold market, is also facing similar challenges, with a recent currency devaluation eroding its purchasing power, making dollar-denominated gold more expensive domestically. That’s particularly worrying because India accounts for more than 25% of global jewelry demand.
Recently, the news that US President Joe Biden proposed to increase arms aid to Ukraine caused gold prices to surge due to safe-haven demand. However, immediately after that, gold prices were under pressure to decrease as the market waited for signals from the new economic policies of the administration of President-elect Donald Trump and the interest rate decision from the US Federal Reserve (Fed).
The world gold price has increased by about 28% since the beginning of the year, reaching a peak of 2,790 USD/ounce at the end of October. This precious metal is still considered an effective risk hedging tool, especially in the context of escalating geopolitical tensions. However, gold becomes less attractive in a high interest rate environment.
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 and price play between two weighted levels with a gap above at 2629 and a gap below at 2600. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2629
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
BEARISH TARGETS
2600
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range.
We are still seeing price play in the retracement range and expect this range to provide support with the lowest in the range we can see 2560 and support above this level should provide bounces to chase targets above.
We now also have a body close above 2629 opening 2686 gap and will need ema5 lock to further confirm this.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our monthly chart idea for our long term/range analysis.
Beginning of the month we stated that this month also started with a detachment to ema5 below for a correction, which was also highlighted with a small mini circle on the chart for visual purpose.
- This detachment to ema5 was completed perfectly.
We also stated that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce.
- This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702.
We now have two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below.
However, if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month.
We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX