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Gold Price Eyes 2653 Before Expected DeclineGold Technical Analysis The price is approaching the resistance level at 2,653. A 4-hour candle closing above this level will confirm further bullish momentum, potentially pushing the price toward 2,665. Alternatively, if the price stabilizes below 2,653, it is expected to decline to 2,636. A 1-hour candle closing below 2,636 will strengthen a bearish trend, targeting 2,623. Key Levels: Pivot Point: 2640 Resistance Levels: 2653, 2665, 2678 Support Levels: 2636, 2623, 2603 Trend Outlook: Bullish Trend: Above 2,653 Bearish Trend: Below 2,636
OANDA:XAUUSDShort
by SroshMayi
How much further can gold bulls go? News analysis: On Thursday, January 2, spot gold rose slightly in the U.S. market and is currently trading around $2,652/ounce. Gold prices closed up 0.72% on Tuesday at $2,624.28/ounce, helping gold prices rise 27% in 2024, the largest annual increase since 2010, driven by safe-haven demand and interest rate cuts by central banks; however, market sentiment may become more cautious, depending on policy shifts during Trump's second term as president. In addition, the U.S. dollar index hit a two-year high on Tuesday, and the U.S. 10-year yield achieved its best annual increase in two years, and gold was also cautious. Gold Trend Analysis: Judging from the current market situation, the technical form also highlights the situation that has stopped the decline and is favorable to bulls. First of all, look at the daily line. Tuesday's dip and rebound trend closed positive on the daily line, but with the piercing of the 5-day moving average and the weakness of the 10-day moving average The downward pressure pattern shows that the short-term resistance is very fragile. In addition, other cycle indicators maintain a bullish arrangement. The Bollinger Middle Rail also extends upward. At the same time, the double lines of the MACD indicator have signs of forming a golden cross again. Therefore, the overall daily line seems that bulls are entering. Take proactive steps. In the 4 hours, after rising in early Asian trading, the current price is still hovering near the upper Bollinger Band. Although the upper Bollinger Band shows a suppressed form, as the short-term moving average moves upward, the lower Bollinger Band also extends upward, so it can be judged that The short-term downside space for gold prices is limited; in addition, the MACD double-line golden cross is in an upward form and has sufficient upward potential. Therefore, the overall 4-hour level can be expected to fall back and the bulls will launch a counterattack again after adjustment. Operation idea: In day operation, it is recommended to mainly go long on dips, supplemented by shorting highs. For short-term support below, focus on the 2635-2638 area, and continue to look at the 2650-2660 area above. If the bears strongly break through the 2625-2630 area, it means that the market has peaked in the short term, and there is a high probability that the 2610 area will be explored again, or even exist. Possibility of breaking down. For the short-term resistance above, pay attention to the 2658-2660 area first, and try short selling. Focus on the 2666-2668 area during the day.
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
SPY/QQQ Plan Your Trade: Learning A or B Trading StylesYesterday, after the GDP Now data hit, I received a number of messages related to my SPY Cycle Patterns and how they work in comparison to big news data (like GDP, JOBS, PMI, & Others). Let me try to explain one simple thing to all of you. The SPY Cycle Patterns are based on GANN/Fibonacci Time/Price cycles. They DO NOT correlate or predict price movement based on NEWS EVENTS or other extraneous data. The SPY Cycle Patterns are, in essence, the core price expectations related to time/price cycles WITHOUT EXTERNAL NEWS EVENTS. They represent what price is likely to do without any big news, economic data, or critical major event taking place to disrupt the Cycle Pattern. So, it is important for traders to understand what I call the "A or B" type of trade setup. Price is always attempting to reach new highs or new lows - ALWAYS. Failure to reach new highs means price must roll downward and attempt to reach new lows. Failure to reach new lows means price must roll upward and attempt to reach new highs. It is that simple. Price is always attempting to break above previous critical highs or lows - ALWAYS. Thus, once you understand this as a basis of price structure/movement, then you can begin to apply more advanced patterns (Fibonacci Price Theory, Excess Phase Peak Pattern, Others) as an additional layer to price structure in an attempt to understand how price dictates all trending/movement. Now, one must also understand when price attempts to break levels (high or low), it can REJECT at those level (after breaking to new highs or lows). This is what I call a "Washout" pattern. Rejection happens when a new low or high is reached, but the price FAILS to continue to trend in that direction. For example, if price were to reach a new higher high, then reject, this would be an example that strong resistance exists at/near the previous high level - causing price to FAIL to maintain that new high price level. Thus, I would expect price to move downward after REJECTING at the new high levels (see above). The reason I'm trying to teach you these price concepts is because I want you to learn to make better decisions - not learn to just "follow along". You have to learn to understand price and understand how price moves related to opportunities. That is what trading is all about - anticipating price moves because of what you are able to discover on a price chart. Get some. Happy Friday. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
It jumped 40$, continue to buy todayGold ushered in a strong upward trend on Thursday, breaking through the resistance formed by the weekly moving average in one fell swoop, breaking through 2638 and 2646 in succession, and standing firmly above multiple moving averages at the daily level, showing a strong short-term upward momentum. Gold is now continuing to be strong, waiting for opportunities to buy in the Asian session. The 1-hour moving average of gold has now formed a golden cross and diverged upward. Gold continued to rise after falling to 2636 in the US session yesterday. Gold continued to buy on dips at 2636. Gold is now constantly setting new highs. Gold bulls are strong, waiting for a decline to continue to buy. You can enter the market first when it falls back to around 2645. First support: 2650, second support: 2641, third support: 2628 First resistance: 2668, second resistance: 2676, third resistance: 2690 Trading strategy: BUY: 2648-2646 SELL: 2676-2678
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Gold Spot (XAU/USD) Technical Analysis: Potential Decline to KeyThis analysis of Gold Spot (XAU/USD) on the daily timeframe highlights the price structure, Fibonacci retracement levels, and Andrews' Pitchfork, suggesting the possibility of further downside movement to key support areas. Key Highlights: Corrective Wave Structure and Key Resistance: The recent upward correction appears to have completed near the resistance zone of $2638–$2655, aligning with the 38.2% and 50% Fibonacci retracement levels. The condition for further decline is the inability to close a daily candle above this resistance zone. Failure to break this level increases the probability of continued bearish movement. Andrews' Pitchfork: The price is clearly moving within the Andrews' Pitchfork, which illustrates the overall bearish direction of the market. Price action at the median and outer lines of the pitchfork will determine the next move. Key Support Levels: The first major support level is at $2545, which could act as a short-term target. If selling pressure persists, the price may drop further to the next significant support at $2495, completing the anticipated C-wave. DT Oscillator: The downward turn in the DT Oscillator provides confirmation of continued bearish momentum. This bearish signal, combined with failure to break the key resistance zone, increases the likelihood of a move toward the identified support levels. Potential Scenarios: Bearish Scenario: If the daily candle fails to close above the $2638–$2655 resistance zone and the DT Oscillator maintains its bearish signal, the price is likely to decline toward $2545 and potentially $2495. Bullish Scenario: A close above the $2638–$2655 resistance zone, coupled with a bullish turn in the DT Oscillator, could indicate a potential trend reversal and a move toward higher levels, possibly $2700+. Conclusion: Based on Andrews' Pitchfork, the key resistance zone, and the signals from the DT Oscillator, Gold Spot is at a critical juncture. If the resistance holds, the price is likely to decline toward the $2545 and $2495 support levels. Traders should closely monitor the price reaction to these levels and momentum signals for potential setups. Feel free to share your thoughts or questions in the comments, and don’t forget to follow me for more detailed analyses like this!
FOREXCOM:XAUUSDShort
by Mohammad_Mirdehghan
16
HelenP. I Gold will reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from the trend line and dropped to the resistance zone, which coincided with the resistance level. Then price some time traded near this level and then tried to grow, but failed and continued to decline, breaking the 2640 level. Then it fell to the support level, and even a little below, after which some time traded and then broke the 2600 level and started to grow. Firstly Gold rose almost to resistance level, but then made small corrections and then continued to move up. Some time later price rose to the resistance zone and tried to rise to the resistance level, but failed and when it touched the trend line, the price dropped to the support level. After this movement, Gold rebounded and in a short time rose to the trend line and even broke it. At the moment, I expect that XAUUSD will rise to the resistance level and then start to decline to the support level, breaking the trend line again. For this case, I set my goal at 2600 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
4
GOLD - Price can little correct and then continue grow in wedgeHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from $2720 resistance level and tried to grow, but failed and started to decline inside wedge. In wedge, price broke $2720 level and dropped to support line of wedge, breaking $2595 level as well. After this, price made upward impulse to $2720 level, breaking $2595 support level again and then made correction. Gold rose to resistance level again and then corrected to support level, where some time traded near. Recently, price started to grow from support line of wedge and I think it can make correction movement. Then Gold can turn around and continue to move up to $2690 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
Silver- Obvious Head and Shoulder pattern, with great potential!Hi guys, today we are overlooking Silver (XAG/USD) with some great Technical analysis. Currently the overview is on a 1D time frame making this opportunity Mid-Term as to how much time we would expect it to reach it's destination. Currently as we can see on the chart there has been a perfect formulation of the typical Head and Shoulders pattern. Additionally I would say on a shorter term the overall price has entered and formuilated a Descending Channel, which boost's our confidence in the price action that we are expecting. Additionally we are looking into the fundamentals so we can get the extra confidence in the price action that we are targeting. Entry: 29.31 Target: 26.60 which is just above the Strong Support Level Do let me know what you think about this analysis in the comments and what is your overview on this great Precious Metal.
TVC:SILVERShort
by DG55Capital
XAU/USD : More Fall Ahead? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that after revisiting the supply zone of $2,633 to $2,652, the price faced selling pressure and corrected over 140 pips to $2,624. Currently, gold is trading around $2,626. If the price manages to hold below the $2,633 level, we can anticipate further declines. This analysis will be updated.z Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
31
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel and is creating symmetrical triangle and is moving in a descending AND is moving in an Ascending channel. We expect a decline in the channel after testing the current level. The chart broke through the dynamic Resistance area, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
3
XAUUSD - Gold reached its previous day's target!Gold is above the EMA200 and EMA50 in the 4-hour timeframe and has exited its short-term bullish channel. The correction of the price of gold towards the demand zones will provide the opportunity to buy it with the appropriate risk reward. In the early days of 2025, gold prices surged by over $40, regaining some of the losses from December and once again capturing investors’ attention. Although December’s decline in gold prices was not significant, it was disappointing for many investors—especially considering the positive news at the start of December 2024 that the Chinese central bank had resumed its gold purchases after a months-long pause. Several key factors are currently shaping the outlook for the gold market. First, the release of China’s economic data on January 7 is expected to play a crucial role in influencing the market. Second, the weak start to 2025 for Chinese equities and domestic investors’ disappointment with the lack of tangible economic stimuli, particularly in the consumer sector, have acted as supportive factors for gold. Additionally, the Federal Reserve’s interest rates and the strength of the US dollar remain important elements to watch. While US bond yields dipped slightly today, the dollar remains strong. For gold to replicate its impressive 2024 performance, a reversal in the dollar’s upward trajectory will be essential. Gold had a very strong performance in 2024, but it now appears to be entering a phase of range-bound movement for a period. Historically, gold has exhibited back-and-forth fluctuations, and with US interest rates continuing to rise, this trend could work against it. Analysts estimate that the $2,500 level could serve as a price floor in the first quarter of 2025. Any price dips are likely to attract buying pressure, though a significant upward breakout is not expected. A key factor that could support gold would be a decline in the 10-year US Treasury yield. For instance, if the 10-year yield drops below 4%, it could trigger a significant rise in gold prices. However, there is little interest in selling gold under current conditions.It is predicted that gold’s behavior in 2025 will resemble its performance in 2021, where buyers were present but no substantial upward movement occurred. Should gold break above the $2,800 level, this could trigger major changes and push prices toward the $3,000 mark. It would not be surprising if this happens at some point during 2025. However, the first few months of the year are expected to favor range-bound price movements.
FOREXCOM:XAUUSDLong
by Ali_PSND
GOLD → Breaking the resistance level. Growing interestFX:XAUUSD enjoys interest despite the growing dollar. Geopolitical and economic crisis is the reason for seeking safe harbor. The price is breaking resistance and trying to renew local highs On the first trading day of the new 2025, gold rose along with DXY amid escalating geopolitical conflicts in the Middle East and eastern Europe and rising tensions around the upcoming policies of Trump and the Fed. Traders are awaiting US manufacturing PMI data from ISM and the Fed President's speech due later on Friday for more trade stimulus for the gold price. Support levels: 2649, 2639 Resistance levels: 2675, 2690 A false breakdown of key support areas is possible. If after the false breakdown the bulls hold the defense above 2639 - 2649, gold may strengthen to 2675 - 2690 in the short term. Regards R. Linda!
FX:XAUUSDLong
by RLinda
4
Silver H4 | Rising into overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 29.83 which is an overlap resistance. Stop loss is at 30.30 which is a level that sits above the 38.2% Fibonacci retracement and a pullback resistance. Take profit is at 28.79 which is a multi-swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDShort
by FXCM
GOLD soars on positive conditions, despite USD strengthOANDA:XAUUSD continued to increase after a strong increase in yesterday's trading day. Gold price is currently at about 2,663 USD/ounce. Despite the strength of the US Dollar, spot gold still rose to its highest level in more than two weeks, due to safe-haven buying and falling US bond interest rates. The market is rushing to open positions before the Trump administration's tariff and trade policies are introduced. US media exclusively reported: Biden discussed a plan to attack Iran's nuclear facility before Trump took office US President Joe Biden has discussed plans to attack Iran's nuclear facilities before Trump's inauguration on January 20 if Tehran accelerates its development of nuclear weapons, US website Axios reported. Reuters reported that Russia carried out drone attacks in Kiev early Wednesday morning, causing damage to two areas, while Israel attacked a community near Gaza City. The market at the beginning of the year will pay close attention to the development of geopolitical risks. Any sign of tension in the Middle East and Russia-Ukraine could send the price of gold, the traditional safe haven, higher. Gold is considered a hedge against geopolitical instability and discovery risk, but because it doesn't earn interest, it does better in a low interest rate environment. The latest report from Britain's Reuters today (Friday) said that Gaza authorities said an Israeli air strike on Thursday killed at least 68 Palestinians in the Gaza Strip, including a tent camp and people standing head of the Hamas-controlled police force in the Gaza Strip. His deputy and nine evacuees died there. The attack took place in the Al-Mawasi area, which was previously designated a humanitarian zone for civilians during the 14-month war between Israel and Hamas, which rules Gaza. According to the Hamas-controlled Interior Ministry, Gaza police chief Mahmoud Salah and his assistant Hussam Shahwan were killed in the attack while they were checking in refugees. The Gaza Interior Ministry added in a statement: "By committing the crime of assassinating the Gaza Strip police chief, the occupiers are determined to spread chaos in (the enclave) and deepen the suffering of people." Analysis of technical prospects for OANDA:XAUUSD After struggling for quite a while in the area of ​​the 0.618% Fibonacci retracement level yesterday, since gold broke this important confluence around 2,634 USD, it has had bullish conditions in the short term. The area of ​​POC Volume Profile with EMA21 and Fibonacci 0.618% now becomes a short-term support area. Meanwhile, the Relative Strength Index also rose above the 50 level, which should be considered a positive signal as the current 50 level also becomes support for the RSI in the short term. Temporarily, the gold price chart is limiting its upward momentum by the 0.50% Fibonacci level and if gold continues to break this level it will tend to increase further with the next target being $2,693 which is the position of the upper edge of the triangle. purple price tag. Thus, the intraday trend of gold prices will be noticed again by the following levels. Support: 2,634 – 2,640USD Resistance: 2,664 – 2,693USD SELL XAUUSD PRICE 2694 - 2692⚡️ ↠↠ Stoploss 2698 →Take Profit 1 2687 ↨ →Take Profit 2 2682 BUY XAUUSD PRICE 2629 - 2631⚡️ ↠↠ Stoploss 2525 →Take Profit 1 2636 ↨ →Take Profit 2 2641
OANDA:XAUUSD
by Xayah_trading
2025-01-02 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bullish. Clear breakout on the 4h tf and market looks like it wants to retest 2700. The triangle is the dominant pattern for now and there is no more resistance until 2700 for the bulls. Market kept above the 1h 20ema since the breakout and any long close to it is reasonable until it’s clearly broken. Bears need something below 2650 again and make the market go sideways for longer to turn it neutral again. comment: Bullish breakout and very strong close at the high. Clear buy signal and market turned bullish again. 2700 is the next big target for the bulls and best case for them would be to keep the 1h 20ema support. Bears need a strong move down to get below 2650 again and then sideways for many bars to turn it neutral again. current market cycle: trading range key levels: 2560 - 2760 bull case: Bulls want 2700 next but I doubt they will get much higher than that. Longing any pullback for target 2700-2720 is reasonable for now. The last time bulls printed two consecutive strong bull bars on the daily chart was in mid December when we moved 120 points up. A measured move from the past 2 days brings us to 2730ish and close enough to the lower highs around 2740/2760. Invalidation is below 2640. bear case: Bears were nowhere to be found today. They could not print 1 decent 1h bar and that is why I think today’s price action is so strong. Every small dip was bought and volume is also picking up again. Bears would need something below 2640 again but for now the best they can hope for is to stay below 2700 and go sideways. Invalidation is above 2710. short term: Bullish. Want to see 2700 and markets reaction there. Depending on the next pull-back, this could continue to 2740+ and break above the bear trend line but for now I look for longs for target 2700. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade : None trade of the day: Buying near the 1h 20ema.
COMEX_MINI:MGC1!Long
by priceactiontds
Gold (XAU/USD) Analysis – 4-Hour Timeframe Date: January 2, 2025Gold (XAU/USD) Analysis – 4-Hour Timeframe Date: January 2, 2025 Technical Overview: Gold (XAU/USD) has shown significant bullish momentum on the 4-hour timeframe, breaking above its previous resistance zone of 2645. This breakout indicates potential for further upside movement, with key targets outlined in the upcoming sessions. Potential Scenarios: Upside Target The price is likely to aim for the range between 2685 and 2690 over the next 24–48 hours. This zone represents a significant resistance level, making it a critical area for observation. Retest of Support Zone Prior to a continuation of its bullish trend, the price may retest the 2655–2645 support zone. Such a retest could offer a low-risk entry for buyers, provided the zone holds strong and shows a rejection to the downside. Key Strategy for Traders: Multi-Timeframe Analysis: Before taking a position, switch to a lower timeframe (e.g., 15 minutes or 30 minutes) to assess the structure and ensure a clean entry. Look for signs of a change of character, such as strong bullish candles or a rejection wick, to confirm the upward move. Low Drawdown Entry Points: Identify entry points where potential drawdown is minimal. This approach reduces risk while maximizing reward potential. Waiting for the price to consolidate or retest support before entering can improve the likelihood of a successful trade. Risk Management and Discipline: Use proper risk-to-reward ratios to manage capital effectively. Avoid impulsive trades and focus on clear signals. Making no money is better than losing money. Final Thoughts: The overall trend suggests high probabilities for an upward continuation. However, patience and confirmation are key. Conduct thorough analysis before taking any long position and always prioritize protecting your capital. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Use your own expertise and strategy to make trading decisions.
ICMARKETS:XAUUSDLong
by KainT21