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Gold Technical Outlook: CPI Data to Define Trend DirectionGold Technical Analysis The price has reached the resistance level at 2689 and is attempting to test 2678 ahead of or during the release of CPI data. Based on current expectations, gold is likely to remain in a bearish trend. If the CPI exceeds 2.9%, the bearish momentum is expected to intensify, with the price targeting 2665. Conversely, if the CPI comes in below 2.8%, bullish momentum could quickly drive the price up to 2706. Key Levels Pivot Point: 2689 Resistance Levels: 2706, 2720, 2727 Support Levels: 2665, 2653, 2636 Trend Outlook Bullish Trend: Above 2706 Bearish Trend: Below 2689 previous idea:
OANDA:XAUUSD
by SroshMayi
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,686.729. Considering the today's price action, probabilities will be high to see a movement to 2,659.435. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
2
XAGUSD Short-term buy signal above the 1D MA50.Last time we looked into Silver (XAGUSD) almost 2 months ago (November 22 2024, see chart below), we gave an excellent bounce sell signal that easily hit our 29.500 Target: Based on this +2 year Channel Up, which remains valid, another break above the 1D MA50 (blue trend-line), would be a buy signal similar to July 12 2023. As you can see, the price continues to repeat the Channel Down of the Bearish Leg that started on May 05 2023. As a result, our short-term Target is just below the 0.786 Fib at 33.0000. ------------------------------------------------------------------------------- ** 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:XAGUSDLong
by TradingShot
XAUUSD - The CPI index will determine the gold path!Gold is located in a 4 -hour timeframe above EMA200 and EMA50 and is on its uptrend channel. If weaken in CPI data and market concerns about inflation, gold buying opportunities. The release of the headline stronger than the expectation of the CPI will result in the uptrend and decrease in gold. But in the secondary wave it will result in gold climbing. Gold prices have reached their highest levels in approximately four weeks, nearing the $2,700 range. Recent changes in stock markets and concerns over U.S. economic policies have driven increased demand for gold. Several key factors have contributed to the recent price surges. First, rising global tensions, particularly involving major powers such as the U.S., Russia, and China, have destabilized financial markets, prompting investors to turn to gold as a safe-haven asset to shield against potential crises. Second, persistent concerns about inflation in major economies have made gold an attractive option for preserving purchasing power. Additionally, central banks have significantly increased their gold reserves, boosting demand. Finally, expectations of interest rate cuts or potential easing by central banks, including the Federal Reserve, have further enhanced gold’s appeal. Gold prices have previously experienced sharp declines. Between 2011 and 2015, gold lost nearly 45% of its value, falling from its peak of $1,920 per ounce to $1,050 per ounce, driven by a strong dollar, rising interest rates, and an improving economy. Beyond this historical context, other scenarios could also lead to a 30% decline in gold prices. For instance, if the Federal Reserve adopts unexpectedly aggressive monetary policies and raises interest rates faster than anticipated, the strengthening dollar would exert downward pressure on gold prices. A sudden increase in gold supply could also push prices lower, whether due to the discovery of new reserves or the sale of gold holdings by central banks or large institutions. Moreover, robust improvements in global economies alongside geopolitical stability could dampen demand for gold. Finally, growing investor interest in alternative assets, such as cryptocurrencies or other commodities, could diminish gold’s perceived value. Paul Williams, CEO of Solomon Global, has forecasted that the factors driving 39 record-breaking gold price highs last year remain intact and could support further price growth in 2025. In his report, Williams stated: “The year 2024 reinforced gold’s role as a timeless and safe asset. In a world filled with geopolitical conflicts and economic uncertainties, gold has provided stability and security for investors. The record highs achieved in 2024 reflect not only market conditions but also a broader sense of caution and risk mitigation among investors. This trend appears poised to continue into 2025.” Meanwhile, The Wall Street Journal has released predictions from 17 economists on U.S. inflation data set to be announced on Wednesday, January 15, 2025. In 2024, the Federal Reserve made limited progress in curbing inflation, with most inflation indicators only slightly declining from the start of the year. Although policymakers had hoped inflation would approach the 2% target, persistent inflationary pressures have kept it near 3%. However, November’s Consumer Price Index (CPI) report offered a glimmer of hope. Prices in sectors such as housing and services, which have been major drivers of persistent inflation, have begun to ease. This may lead to an unexpected decline in Wednesday’s CPI data, although more significant decreases are likely in early 2025. Analysts predict a monthly CPI increase of 0.3%, which is lower than the 0.4% forecast from the Federal Reserve Cleveland’s Inflation Nowcast model. According to these projections, annual CPI is expected to rise from 2.7% to 2.9% in November. Given that markets currently price in only two 25-basis-point rate cuts for all of 2025, a strong CPI report may not elicit a major market reaction. However, if CPI data comes in weaker than expected, the U.S. dollar could face selling pressure.
FOREXCOM:XAUUSDShort
by Ali_PSND
GOLD road map (4h)The price will reach the top of Triangle = 2710 in the short term.Currently, the price is declining and it can go down to the 0.618 line and then reach the top of the triangle. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDLong
by CobraVanguard
Mastering XAUUSD Gold Trading: A Trading Plan For Success!🌟 In this video, I share my detailed trading plan and emphasize why a well-structured strategy is 🔑 to success. Learn how to trade Gold 🪙 using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. 🖥️✨ Here’s what we’ll cover: 📊 Trend Analysis: A top-down review of market direction to identify opportunities. 📈 Market Structure & Price Action: Key insights into how price moves and behaves. 🎯 Trade Planning: Using higher timeframe support and resistance levels to set stop loss and target points. 🛠️ TradingView Features: Practical tools to refine your analysis and boost efficiency. This video is an in-depth guide to trading effectively with a proven strategy, enhanced by TradingView's unique capabilities. 🚀 Please remember, this is not financial advice. 📜
THINKMARKETS:XAUUSDEducation
by fxtraderanthony
LONG TERM BULLISH - AB=CDAs illustrated, im visualizing what could be an AB=CD Pattern as a continuation structure. We saw a strong bullish weekly candle that shows momentum and strength to the upside, and this might be our clue. Keep in mind inflation data is likely to come in hot during JAN, which might lead the yellow metal to re-test its ATH within the next couple of weeks. Also, geopolitical conflicts are escalating, which leads to nations to protect their economies by hedging gold. Lastly, with China continuing its purchasing of Gold since mid NOV, the demand for gold continued growing. It is likely we see $3.000 within the next couple of months. -- GOOD LUCK!
OANDA:XAUUSDLong
by PersaGold
Gold - 15 min ( Best Buy & Sell Scalping After Break Out ) ⚡️GOLD / FXCM Best Break Our / Key level's 15m Tf Bullish Scenario: If the price breaks above the key level at 2693 points with high trading volume, it suggests a positive market trend 🚨Bullish After Break Out key level + High Volume / 2693 Point Bearish Scenario: If the price breaks below the key level at 2683 points with high trading volume, it indicates a potential downtrend. 🚨Bearish After Break Out key level + High Volume / 2683 Point ⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
CAPITALCOM:GOLD
by GentleGoldenEngine
26
GOLD Awaits Breakout Amid Key Data Releases! GOLD is forming a symmetrical triangle, signaling a potential breakout soon. The price is consolidating near the 2675-2681 resistance zone, a key area to watch. The PPI data released yesterday slightly disappointed dollar buyers, offering support to the forex market and causing a small correction in gold. Looking ahead, CPI data could bring further support to the market and drive volatility. If GOLD breaks above 2681, we could see an upward move toward higher levels. However, a failure to hold above this zone may trigger a bearish breakdown toward lower supports. Resistance: 2675, 2681, 2690 Support: 2667, 2656 The triangle’s apex suggests a decisive move is imminent. Watch the CPI data and stay alert for the breakout! 🚨
CAPITALCOM:GOLD
by CRYPTOMOJO_TA
XAGUSD - Silver, waiting for the release of the CPI index!Silver is in a 4 -hour timeframe, between EMA200 and EMA50, moving in its upside channel. If you continue the decline, we can see the channel floor failure and a limited support. Silver stabilization above the resistance range will provide us with silver climbing route to the supply zone, where we can sell at a proper risk. The U.S. employment report for December disrupted expectations regarding Federal Reserve policies, highlighting the Consumer Price Index (CPI) as a key market driver. Job creation surged by 256,000, significantly surpassing the forecast of 160,000, while the unemployment rate dropped to 4.1%. This data triggered a sharp rise in Treasury yields, with the 10-year yield reaching 4.79%, the highest level since 2023. Higher yields increase the cost of holding non-yielding assets like silver, which could face headwinds if inflation accelerates. Markets now expect the Federal Reserve to hold off on rate cuts until at least June, a notable shift from earlier forecasts anticipating rate reductions in spring. A hotter-than-expected CPI report could further delay this timeline, strengthening the dollar and potentially putting pressure on silver prices. Silver’s industrial role continues to support its prices, driven by robust global demand in industries like solar energy and electronics.The production of solar panels, a major consumer of silver, remains a key driver, while geopolitical and inflationary risks have boosted silver’s appeal as an inflation hedge. Gold’s stability in a high-yield environment has indirectly supported silver as well. Amid stock market volatility, investors have turned to both precious metals. The S&P 500 has declined by 1% year-to-date. Additionally, concerns over tariffs and the fiscal policies proposed by President-elect Donald Trump have increased demand for safe-haven assets. Meanwhile, speculation around Trump’s potential policies, including tariffs and spending programs, has heightened market uncertainty. Markets are grappling with whether these measures will stoke inflation or negatively impact growth, creating mixed conditions for silver. Major global banks are revising their forecasts for Federal Reserve monetary policy. Bank of America has stated it no longer expects any rate cuts in 2025. The bank believes the Fed’s rate-cutting cycle has ended and sees the next move as more likely to be a rate hike. Citi has also updated its projections, announcing that it no longer anticipates a Fed rate cut in January. The bank now forecasts a potential rate reduction in May. Deutsche Bank has similarly noted that the Fed is unlikely to lower rates in the near term. The bank believes the Fed is currently in a wait-and-see mode, with future actions heavily dependent on incoming economic data. Meanwhile, Goldman Sachs predicts the Fed will implement two 0.25% rate cuts in June and December, totaling 0.5% for the year. This marks a revision from its earlier forecast of a 0.75% reduction. Finally, Morgan Stanley has indicated that the likelihood of a near-term rate cut has diminished. However, the bank still considers a rate cut in March plausible due to an improving inflation outlook.
OANDA:XAGUSDLong
by Ali_PSND
Could the Gold reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support that acts as an overlap support. Pivot: 2,693.13 1st Support: 2,657.78 1st Resistance: 2,718.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
GOLD XAUUSDIt's Monday, and I won't be opening positions today. Globally, after the upward momentum and the historic highs, we are now in a sideways move, either a correction before another move up to 3000+ or a top formation. I like the first option better. Locally However, we can see that we have broken the resistance line but are coming back under it to gather liquidity from those who trade resistance line breakdowns. I'm looking at the yellow box above, which shows the liquidity we will take after a minor correction. Best regards EXCAVO
OANDA:XAUUSD
by EXCAVO
9
Gold H1 | Potential bearish reversalGold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,685.59 which is a pullback resistance. Stop loss is at 2,695.00 which is a level that sits above the 78.6% Fibonacci retracement and a pullback resistance. Take profit is at 2,662.73 which is a 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:XAUUSDShort
by FXCM
Gold's shakeout may not be overLast week in a video I expressed my concerns that the start-of-year gains were a bit suspect. So it is interest to see that a bearish engulfing day formed around a resistance cluster including a weekly VPOC and trendline from the record high. Prices remain within a small symmetrical triangle on thew daily chart which could really break either way, but with such a strong bullish trend on the weekly, any retracement seems likely to be shallow. I also see gold hitting record highs this year. For now, the leg lower from Friday's high appears to have formed in one way within the triangle, which implies at least one leg lower within it. Bears could seek to fade into moves towards 2700 and target the HVN around 2646 or the lower trendline of the triangle. Matt Simpson, Market Analyst at City Index and Forex.com
COMEX:GC1!Short
by CityIndex
Gold prices under pressure from profit takingAt the beginning of the trading session on January 13 (US time), the world gold price fell sharply due to the high demand for profit-taking in the market after the price increased continuously in recent sessions. In addition, the USD also increased sharply. The DXY index reached 109.9 points, the highest level in 2 years. However, according to analysts, in the last sessions of last week, the gold price continuously approached the level of 2,700 USD/ounce, showing positive signals for the precious metal in the future, despite the great resistance of the recovering USD and the rising US Treasury bond yields. It can be seen that in the context of many factors against gold, gold is supported by the hedging tool of inflation, financial market fluctuations, economic and geopolitical tensions. The latest survey results from WisdomTree, an American asset management group, show that the main purpose of using gold in investors' portfolios is "diversification" to spread risks, helping to minimize potential risks in other investments.
OANDA:XAUUSD
by FalCol_TradingMaster