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GOLD - Falling Wedge ABCD PatternGOLD has broken down from bearish rectangular consolidation. Prior to bearish rectangle, a falling wedge was formed from recent highs. Now it seems falling wedge is part of ABCD pattern, which means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 14 and 14.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet between 14 and 15 - gap fill is at 14.66 Also, if we look at price range of first wedge pattern drop, it was about 22% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 22% from point C to D of ABCD pattern. Price is below SMA 20, 50 and 200 Buy around 14.50
NYSE:GOLD
by I_M_Shoaib
Is Gold About to Make a Big Move?Here’s What to Watch: If Gold Breaks Above $2,721: We could see it climb to $2,900 or even $3,000! If Gold Drops Below $2,600: It might fall to $2,500 or even $2,400 before finding support and bouncing back. The Upside: If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level. The Downside: A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher. Wellness Tip: Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused. Kris/ Mindbloome Exchange Trade What You See
TVC:GOLD
by Mindbloome-Trading
AUDJPY - Growing SHORTS! Big Move Ahead!In one of our last AUDJPY analysis, we indicated that price looked foppish. Since then, we've had almost a 2000pip drop! That big drop can be marked as wave 1 in our new bearish impulsive trend. We are now in Wave 2, which is an ABC correction. We have completed Wave A (3 waves). We are now in Wave B (3 waves). We're currently in subwave b of wave B. Expecting subwave c to appear very soon. Trade Idea: - Watch for bearish price action on lower timeframe - You can use trendline break, fibs or BOS to find the reversal point - When entered, put stops above subwave B. - Target: 91 (750pips) 4Week Chart Goodluck and as always, trade safe! See our previous setups below:
by WicktatorFX
XAU Gold 30MinIchimoku Cloud The red cloud indicates a prevailing bearish trend in the past. Flat areas of the cloud highlight potential future resistance zones. Key Support and Resistance Levels Key Support (Orange Line): Around 2,649.77 Important Resistances (Yellow and Green Lines): First Resistance: 2,655.39 Second Resistance: 2,667.41 Risk and Reward Area The red area below the chart represents the Stop Loss zone (loss area). The green area above indicates the Take Profit zone (profit area). A trade has been executed with a balanced risk-to-reward ratio. Relative Strength Index (RSI) Current RSI value: 47.58 RSI below 50 indicates relative market weakness in the current state. Green Arrows The green arrow at the bottom of the chart suggests a potential bullish reversal from the key support level. Analysis Conclusion: The recent downtrend has tested the support level at 2,649.77. If the price stabilizes at this level and breaks through the first resistance at 2,655.39, there is a possibility of growth towards the next resistance at 2,667.41. The RSI needs to cross above 50 to confirm buyer strength. Otherwise, breaking the support level may lead to further decline.
CAPITALCOM:GOLDLong
by protahlil
XAU Gold 4H TradeFriends, the first trade on gold begins. I’m taking a long position on gold with a 4-hour timeframe, which I believe will show results in the next three to four days. There will be daily updates added to the analysis based on 30-minute intervals, so it’s a good idea to follow me to also see trades on lower timeframes. For this trade, I’ve hypothetically invested $500 with 20x leverage. You can adjust these amounts based on your own strategies and techniques. The main goal is to identify trends in gold across various timeframes and share insights. If you have any thoughts or suggestions, I’d be happy to hear them in the comments. Thank you!
CAPITALCOM:GOLDLong
by protahlil
GOLD ROUTE MAP UPDATEHey Everyone, Great start to our 1H chart idea playing out as analysed although price still remains within the first range. We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open. We will continue to see price play between both these weighted levels until we see ema5 cross and lock on either weighted level 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 2666 EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET 2719 BEARISH TARGETS 2645 - DONE EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2606 - 2586 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
OANDA:XAUUSD
by Goldviewfx
8
XAUUSD:16/12 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2725, support below 2627 Four-hour resistance 2673, support below 2650-27 Gold operation suggestions: Last Friday, the overall gold price was under pressure at the 2692 mark and ushered in a unilateral downward trend of short-seller suppression. The European session fell down and broke through the 2680 and 2670 marks and continued to fall to the bottom, and finally closed at almost the lowest point of the day at 2646. From the 4-hour analysis, today's upper short-term resistance continues to focus on the NY market high of 2673 last Friday. The intraday rebound relies on this position to continue to fall. Pay attention to the short-term support of 2645 below. The short-term long-short strength and weakness watershed focuses on 2627. At the same time, 2627 is the daily level long-short watershed. There is still a long opportunity before the daily level breaks through this position. Today, we will first look at the continuation of the decline. SELL: 2664near SELL: 2673near BUY: 2645near BUY: 2627near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDShort
by ActuaryJ
SPY/QQQ Plan Your Trade For 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days. Traders should move away from risk headed into Christmas and the end of 2024. Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling. Bitcoin rallied to key resistance and will likely move into a consolidated range (again). This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
NEW IDEA FOR GOLD In the 4-hour chart of gold, it can be seen that the price of gold reacted positively at the support level of $2,644 and moved upwards by forming a price bottom. This support level has been well maintained so far, indicating the willingness of buyers to defend this level. If the support level of $2,644 is maintained and the pressure from buyers continues, the probability of the price rising to the important resistance level of $2,717 will be very high. This resistance has acted as an important price ceiling in the past, and its failure could pave the way for further upward movements. On the other hand, the existence of an upward trend line that started from the recent lows indicates the general market tendency for the price of gold to grow in the short term. Technical indicators such as the Ichimoku cloud also show that the price can strengthen its upward trend if it crosses the current resistance and enters the upper range of the green cloud. Therefore, the bullish scenario remains valid provided the support at $2,644 is maintained and the resistance at $2,717 is broken, and further growth in gold prices can be expected.
FX_IDC:XAUUSDLong
by arongroups
GOLD → Correction before a possible fall FX:XAUUSD is moving into the correction phase amid last week's economic data. The price is returning to the channel and in general confirms the bearish character on the market. Markets are ready for a 0.25% interest rate cut, but traders are waiting for hints on the Fed's stance: whether the Fed will continue to cut rates, go into a wait-and-see mode, or hint at a rate hike based on last week's economic data. Traders are eagerly awaiting the Fed's decision, which will be announced on December 18. The gold price is also receiving support from renewed tensions in the Middle East and political turmoil in South Korea. Technically, after the false breakout of 2721 a deep correction is forging, which generally develops into a localized downtrend. The price is approaching the panic zone 2615-2600. At the Asian session a correction is forming and it is worth paying attention to the key resistance zones Resistance levels: 2667, 2675, 2685 Support levels: 2646, 2633 The price is heading towards the imbalance zone within the correction. A quick approach and retest of resistance could trigger a rebound. Traders may enter the phase of profit taking before strong news Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
GOLD Is Going Up! Buy! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,658.744. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,675.908 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
2
XAUUSD still at the bottom of the 1 year Channel Up. Strong Buy.Gold (XAUUSD) has been trading within a 1-year Channel Up since the October 02 2023 weekly bottom. When it makes a technical Higher High and then pulls back, the pattern's Bearish Legs tend to be quite prolonged but at the same time always supported by the 1D MA100 (red trend-line). The current Bearish Leg bottomed on the 1D MA100 on the week of November 11 2024 and made a technical Higher Low. Based on the previous two Higher Lows, the price may continue to consolidate until the end of the year before it breaks out again upwards but with the current level being so close to the 1D MA100, it makes it already a technical buy opportunity. All previous Bullish Legs hit at least the 2.5 Fibonacci extension from the Higher High - Higher Low and the strongest rise has been +22.50%. As a result, we can target $3100 as the Channel's next Higher High, which would be a +22.50% rise from the November bottom but still below the 2.5 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
eurusd short/long +180/+180 swing trade setup🔸Hello traders, let's review the 1hour chart for EURUSD today. We are currently stuck in 180 pips high/low range, so it's best to focus on selling high and buying low in current market conditions. 🔸Key levels for eurusd traders: 0420 s/r bulls, 0600s/r bears, 0600 mirror s/r bears level will get re-tested by the bulls for liquidity. 🔸Recommended strategy for eurusd traders: the sequence is short / long so you want to short high off the s/r bears at 0600 SL 40 TP 0420 pips, this is the the reversal play / re-test of the mirror s/r bulls at 0420 then flip long at/near 0420+-20 pips SL 40 pips TP1 +90 TP2 +180 pips final exit bulls at mirror s/r at 0600. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
10
GOLD Technical Analysis! BUY! My dear friends, My technical analysis for GOLD is below: The market is trading on 2660.0 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2682.0 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals