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XAU/USD 19 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Analysis/Intraday expectation remains the same as analysis dated 16 December 2024. Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase. Price Action Analysis: Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity, for two possible reasons. 1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high. 2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855. Intraday Expectation: Intraday expectation and alternative scenario as per points 1 and 2. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: Yesterday's analysis played out as expected with price targeting weak internal low, printing a bearish iBOS. Price has printed a bullish CHoCH, indicating, but not confirming bullish pullback phase initiation. We are now trading within an established internal range. Intraday Expectation: Price is currently trading at premium of internal 50% EQ where we could see a reaction. Price could potentially trade up to M15 supply level before targeting weak internal low priced at 2,583.915 Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Price Analysis| BullishHi there, The gold price is anticipated to drop for a pullback and rise to three potential levels, targeting a bias of 2745.736, in accordance with the W-Z pattern of ABC-D. The (DX) is where most bullish pressure was active, which was almost at the retest of the dotted trendline break. If the bears break the dotted trendline, the setup will be invalidated. Overall, gold is unstable, lacking clear volatility. A possible indication of clarity may come next month. Happy Trading! K.
OANDA:XAUUSDLong
by Khiwe
Unlock the Power of Gold: Proven Price Action Strategies!FXOPEN:XAUUSD @Alexgoldhunter Price Action Analysis and Strategy Key Elements on the Chart Current Price: The chart shows the current price of Gold at 2,615.90 USD. Break of Structure (BOS): Several points indicate significant price movements, suggesting potential shifts in the trend. Fibonacci Retracement Levels: 0.382 Level: 2,607.94984 USD 0.5 Level: 2,615.87 USD 0.618 Level: 2,623.79016 USD 0.705 Level: 2,629.6296 USD 0.786 Level: 2,635.06632 USD Volume: Shown at the bottom of the chart with varying heights, indicating trading activity levels. Relative Strength Index (RSI): Current values are 45.59 and 32.11, suggesting neutral to slightly oversold conditions. Moving Average Convergence Divergence (MACD): Current values are 1.83, -7.50, and -9.33, indicating bearish momentum with potential for a bullish crossover. Buy Strategy Entry Point: Consider entering a buy position near the 0.382 Fibonacci level (2,607.94984 USD), especially if the price shows signs of reversal with increasing volume. Confirmation: Look for a bullish break of structure (BOS) and RSI moving above 50. Target: Aim for the 0.618 Fibonacci level (2,623.79016 USD) or higher, with potential for additional targets at the 0.705 and 0.786 levels. Stop Loss: Place a stop loss below the recent low or the 0.382 Fibonacci level to minimize risk. Sell Strategy Entry Point: Consider entering a sell position near the 0.786 Fibonacci level (2,635.06632 USD), especially if the price shows signs of reversal with decreasing volume. Confirmation: Look for a bearish break of structure (BOS) and RSI moving below 50. Target: Aim for the 0.5 Fibonacci level (2,615.87 USD) or lower, with potential for additional targets at the 0.382 and 0.618 levels. Stop Loss: Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk. Conclusion This analysis combines price action techniques with technical indicators to generate a buy and sell strategy for the XAU/USD pair. By using key levels, volume, RSI, and MACD, traders can make informed decisions and manage their risk effectively. Follow @Alexgoldhunter for more strategic ideas and minds
FXOPEN:XAUUSD
by Alexgoldhunter
ANNUAL CLOSING PREDICTION🌟 XAU/USD Gold Forecast - Monday, December 16, 2024 🌟 Gold (XAU/USD) is heading into Monday with a bullish outlook but faces key resistance at $2,765. A breakout above this level could propel prices higher, aligning with the current uptrend. However, if resistance holds, we might see a correction towards the strong support zone at $2,545. 🔑 Key Levels to Watch: Resistance: $2,765 – A critical ceiling for upward movement. Support: $2,545 – A safety net for price drops. 📈 Market Sentiment: Gold’s momentum remains positive, supported by ongoing economic uncertainties. But keep an eye on potential short-term pullbacks if buyers hesitate at resistance levels. 📅 Week Ahead: Gold remains a top safe-haven asset amidst fluctuating market conditions. Watch for breakout opportunities as the trend develops. Stay tuned for updates and live action on XAU/USD throughout the week! Anticipates gold prices reaching $2,500 per ounce by year-end, assuming a Federal Reserve rate cut
FOREXCOM:XAUUSDShort
by TREXTROFX
Technical Analysis for Gold Spot/USD (1-Hour Chart)Current Market Overview Current Price: $2,618.80 Trend: Bearish, with a significant downtrend after rejection from the $2,730 zone. However, a recent bounce near the NY Midnight Open ($2,610.32) suggests a potential short-term reversal. Key Levels to Watch: Resistance Levels: $2,640, $2,660, $2,686, and $2,700 Support Levels: $2,610, $2,580, $2,560 Bullish Scenario Technical Factors Price Action: The price has rebounded from $2,610, a critical support level, forming a higher low on the shorter timeframes. Green delta volumes near $2,610 suggest buying activity, supporting the recent bounce. Indicators: The pink EMA cloud is still bearish, but a sustained close above $2,620 will indicate a potential shift in momentum. The buying delta volume dominance (89.39%) signals bullish interest at current levels. Upside Potential: If buyers sustain above $2,620, the next resistance levels are $2,640 and $2,660. A breakout above $2,660 could lead to further upside toward $2,686 and $2,700. Probable Entry Points Entry: Aggressive Entry: Near $2,620 if bullish candles confirm strength (e.g., bullish engulfing). Confirmed Entry: Break and close above $2,640 with volume. Take-Profit Targets Short-term TP1: $2,640 (nearest resistance). TP2: $2,660 (key resistance with heavy sell-side activity). Extended TP3: $2,686 (next major resistance level). Stop-Loss Place SL below $2,610 to limit downside risk. Bearish Scenario Technical Factors Price Action: The price is still below the pink EMA cloud, and lower highs and lower lows dominate the larger trend. Rejection from $2,640 or failure to hold $2,620 will confirm bearish continuation. Volume Analysis: Despite the current bounce, strong sell volumes persist near $2,640 and $2,660, indicating that sellers remain active. Bearish continuation is likely below $2,610. Support Breakdown: A breakdown below $2,610 will open the path toward lower support zones at $2,580 and $2,560. Probable Entry Points Entry: Aggressive Entry: Near $2,640 if price rejects resistance with bearish confirmation (e.g., bearish engulfing). Confirmed Entry: Close below $2,610 with strong sell-side volume. Take-Profit Targets Short-term TP1: $2,580 (major support zone). TP2: $2,560 (key demand zone). Extended TP3: $2,540 (critical support). Stop-Loss Place SL above $2,640 to avoid being caught in a bullish reversal. Summary: Trading Plan Scenario Entry Zone Stop-Loss Take-Profit Targets Bullish $2,620 - $2,640 Below $2,610 TP1: $2,640, TP2: $2,660, TP3: $2,686 Bearish $2,640 - $2,610 Above $2,640 TP1: $2,580, TP2: $2,560, TP3: $2,540 Conclusion Bullish Bias: A break and close above $2,640 will shift the short-term trend bullish, targeting $2,660 and $2,686. Bearish Bias: Rejection at $2,640 or a breakdown below $2,610 will likely push the price lower toward $2,580 and $2,560. Recommendation: Watch price behavior around $2,640 (resistance) and $2,610 (support) for confirmation before entering a trade. Use tight stop-losses and follow volume dynamics closely to align with market momentum.
FX:XAUUSDLong
by ProspireWealth
NQ Power Range Report with FIB Ext - 12/19/2024 SessionCME_MINI:NQH2025 - PR High: 21546.50 - PR Low: 21453.75 - NZ Spread: 207.0 Key scheduled economic events: 08:30 | Initial Jobless Claims GDP Philadelphia Fed Manufacturing Index 10:00 | Existing Home Sales FOMC driven 960+ point value decline - Return to daily Keltner avg cloud - Auctioning between pivots from Nov 11 & Nov 25 Session Open Stats (As of 12:45 AM 12/19) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 338.33 - Volume: 50K - Open Int: 226K - Trend Grade: Bull - From BA ATH: -4.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025
by mv3trader5