GOLD (XAUUSD): Deep Consolidation & Your Trading Plan
Gold is trading in sideways range for more than 2 trading weeks already.
The recent high impact fundamental releases, did not manage to violate
its weakness.
Next week, pay attention to the reaction of the price to the support
and resistance of the underlined range.
If the price breaks and closes below 2605, it will open a potential
for a further bearish continuation to 2565.
Bullish breakout of the resistance of the range and a daily candle close above
2666 will confirm the strength of the buyers. The up movement will be expected
at least to 2715.
The absence of strong fundamental triggers will continue the consolidation.
Alternatively, you can trade the market within the range, buying from its support
and selling from its resistance.
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Metals
PLATINUM Weekly Forecast: Bearish! Look for SHORTS!Keep an eye on this one, as it makes its way down to 911.7.
I'm looking for the highlighted lows to be swept this week.
Enjoy!
May profits be upon you.
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BRIEFING Week #49 : Still nothing !Here's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
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VALE: Elliott Wave AnalysisWe're looking at an Expanded Flat correction in Wave 2, with Wave C forming a Complex Corrective ABCDE triangle pattern
After breaking down from the triangle pattern, Wave C is likely to terminate near major support levels (~$7.50-$6).
Implications for Wave (3):
Once Wave (2) concludes, a powerful impulsive Wave (3) is expected, with targets around:
$27-29 (161.8% extension).
~$40 (261.8% extension).
The triangle within Wave C suggests exhaustion of the bearish trend, setting the stage for a multi-year rally.
Based on Vale's goals in producing and expanding on their "energy transition" metals like nickel (currently the second largest nickel miner in the world) and copper, and the demand for EV batteries. It's likely that Vale will benefit.
This is a long projection so Vale will have to execute on all its timelines and goals for production capacity.
Best of luck all.
GOLD increases and decreases in opposite directionsThe world gold price listed on Kitco is at 2,633 USD/ounce, up 3 USD/ounce compared to early yesterday morning. Gold futures last traded at 2,654.6 USD/ounce, down 0.5 USD compared to yesterday morning.
Gold prices fluctuated slightly on Friday (December 6), marking the second consecutive week of decline. The precious metal has lost about 0.5% of its value this week, after hitting its lowest level since November 26 in early trading.
During the day, gold prices barely reacted to the jobs data expected last week. The latest report shows that although job growth remains fairly stable, signs of weakness have begun to appear in the US labor market.
According to the US Bureau of Labor Statistics, 227,000 new jobs were created last month, far exceeding experts' expectations. However, the unemployment rate increased to 4.2%, higher than 4.1% last month. Economists predict this ratio will remain unchanged.
Although job growth remains strong, economists say the latest data will not stop the US Federal Reserve (Fed) from cutting interest rates by 25 basis points at its upcoming meeting. However, some analysts note that the Fed's easing cycle could run into trouble if job growth extends into 2025.
Gold prices may test the support level of 2,550 USD/ounce and the resistance level of 2,700 USD/ounce in December 2024. The trend in the next few weeks is that gold prices may decrease due to profit-taking activities.
Regarding the medium-term trend, the support level of gold prices remains firm, but it is unlikely that there will be a strong breakthrough in the upward direction in the near future.
Gold prices benefit from lower yields, continued rising geopolitical risks and uncertainty surrounding future policy implementation and global impact under the Trump administration.
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
---
A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
---
Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
---
Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
---
Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
---
Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
SILVER My Opinion! SELL!
My dear followers,
This is my opinion on the SILVER next move:
The asset is approaching an important pivot point 31.108
Bias - Bearish
Safe Stop Loss - 31.335
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 30.689
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
$50 Silver"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities
Price target = $50
Fractal backbone + Room in technicals for such move.
Price target was established in June 2021.
Time frame pushed up in anticipation of 2023 bear.
GOLD / Dropped $47 and Reversed, Again Bearish MomentumGold Technical Analysis
The price dropped and reached our targets 2623 and 2613 and reversed quickly, as we mentioned yesterday,
Today also has a bearish momentum as long as trades below 2653 will drop to get 2623 and 2612, below 2612 will touch 2585, and we have the retest possibility to 2653.
To be a bullish trend till 2661 and 2678, the 4h candle should be closed above 2653.
Key Levels:
Pivot Point: 2641
Resistance Levels: 2653, 2661, 267
Support Levels: 2624, 2612, 2585
Trend Outlook
Bearish Momentum: Dominant as long as the price remains below 2649 and especially 2638.
previous idea:
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
---
A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
---
Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
---
Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
---
Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
---
Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
Gold 1H Intra-Day Chart 06.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Option 2: If Gold moves above $2,690 next week then we can see a mid term bull trend towards $2,740 before it drops back down again.
GOLD FURTHER SELL OFF?! (UPDATE)Even today's NFP data couldn't push enough volatility into Gold to invalidate our structure🦾 Today's positive NFP data should have pushed Gold down aggressively, but price is still ranging within a 'Flat Corrective' schematic in-between Wave A & Wave B.
We will see push Gold down but ONLY AFTER a 'Flat Corrective' phase has finished playing out. The market will flush out & liquidate all the impatient traders first, then push us higher profits.
GOLD ROUTE MAP UPDATEHey Everyone,
A Piptastic finish to the week with our chart levels respecting and playing out like we analysed.
We tracked and traded the 1H chart all week, which was playing in a tight range, allowing us to use the weighted levels for the bounces throughout the week, taking advantage of the 30 to 40 pip weighted bounces.
This is now the 4h chart that we shared on Sunday and as you can see the retracement range was tested to perfection today, clearing 2612 bearish target, followed with the bounce just like we stated, completing the week with a bag full of pips.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
---
A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
---
Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
---
Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
---
Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
---
Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
XAUUSD Gold price struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to hold above $2,630. Investors refrain from taking large positions ahead of the November jobs report from the US.
From a technical perspective, an intraday breakdown below the 100-period Simple Moving Average (SMA) on the 4-hour chart and a short-term trading range support near the $2,633-2,632 area was seen as a key trigger for bearish traders. The subsequent swift recovery, however, warrants some caution before positioning for any further losses. Meanwhile, any further move up is likely to confront some resistance near the $2,649 region ahead of the $2,655 supply zone. Some follow-through buying beyond last Friday's swing high, around the $2,666 area will shift the bias in favor of bulls and allow the Gold price to reclaim the $2,700 mark.On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which the Gold price could slide to the November monthly swing low, around the $2,537-2,536 area. The downward trajectory could extend further and eventually drag the XAU/USD to the $2,500 psychological mark
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range.
I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range.
Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals.
I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year.
Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues.
It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs.
Again, I expect a very flat day for the SPY/QQQ. Stay safe.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD Under Pressure! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2650.4 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2643.9
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
THE KOG REPORT - NFPTHE KOG REPORT – NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
Quick report this week with the key levels to look for during the rest of the day. We had the 2630-35 region hold price down, giving us the move into the lower target regions completing all the bearish targets for the week, so now we’ll look for a similar move, or, simply stay out of it.
We have the level of 2670 still active from the KOG Report, maybe they have held back all week to swoop that level, so for that reason, that is where we will look to for a RIP and possible short attempt.
Circled below is a key level, 2625, any attempts at that region with rejection can give that push upside, unless broken. We did say yesterday a break of support will take us into those lower levels of 2610-15 which has already happened, so a similar move can not be discounted for a potential bounce from below.
Due to the range, the movement can be extreme, so please be careful, remember the trade comes after the event, let them move price to where they want, look for a clean reversal and you can capture the reversal.
RED BOXES:
Break above 2650 for 2661, 2664 and 2670 in extension of the move
Break below 2625 for 2615, 2610 and 2695 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG