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Gold Price Outlook: Potential Decline AheadAnalyzing the current landscape during the Christmas holiday, gold prices ("XAU/USD") are likely to maintain their upward trend, hovering around the psychological resistance of $2,000 per ounce. The ongoing weakness of the US dollar continues to support the bullish sentiment. From a technical standpoint, key resistance levels stand at $2,055, $2,070, and $2,085. These levels have pushed technical indicators into overbought territory, signaling a potential for profit-taking sales. With prices just below $100 per ounce, investors are advised to exercise caution in this slightly volatile market. Despite concerns about prolonged conflicts, gold prices remain high, setting a robust foundation for potential future increases. Modest purchases by exchange-traded fund (ETF) investors could significantly impact market sentiment. The pace of new buying may hinge on the Federal Reserve's interest rate cuts in the coming year. Derivative traders are pricing in a cautious approach, potentially influencing gold prices. In summary, the gold market shows resilience, but caution is advised amid potential profit-taking and market uncertainties.
FXOPEN:XAUUSD
by AdmamTrade
Shorting Caution and Planning for Long-Term Opportunities!GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy. However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish 5-0 Pattern, which could serve as an entry point for a longer-term buying opportunity. What's your take or strategy on GBPUSD? Share your insights below!
Long
by RaynLim
GOLD short term SHORT swing trade | long term LONGGold has been quite bullish lately. Most of our TA is indicating it will keep increasing; however, in the short term we may see a small correction back to the support line ~2036. This support line; based on our TA, may hold and then the price continues to increase. However, if it fails there may be a potential dump all the way back to the 2005 range. In this example above you may see that on the 1 Day Gold still remains quite bullish, even if there is a chance of slight swing correction downwards. Even on the 1 Hour, you may see we are still technically bullish, however our Cipher signals and Boom Meter Bar Colors are indicating potential for a small dump incoming. Likewise once we activate our other core Indicators we can see all but Volume has produced a Sell Signal. Please use caution, this is simply potential for a SHORT TERM swing trade in SHORT direction. However, long term Gold may still remain quite bullish.
OANDA:XAUUSDShort
by YinYangAlgorithms
GBPCAD: READY TO SHORT SOON!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!) Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Short
by RomanaTrades
💡 XAUUSD: Analysis December 21Gold D1 decreased yesterday, but the price bar had a narrow range so it did not show strong downward pressure. Yesterday's D1 bar fell inside the previous D1 bar to create an inside bar model, showing cumulative price compression. The main structure is still the larger inside bar model in D1, so we have a double inside bar, showing deep price compression, easily leading to an explosive period of large price fluctuations. Gold D1 is moving sideways, more inclined to the uptrend. H1 gold is adjusting down in the downward sloping price channel, after the recent price increase. The chart structure is still more bullish in H1. The trading idea for H1 gold today continues to be buying, including buying from the trend line below, or buying deeper.
OANDA:XAUUSDLong
by Stone_Haven
EURUSD in Intraday Correction Phase, Bullish on the SwingEURUSD 4h ABC corrective wave AS EURUSD is in Bullish Trend, this a counter trend trade with loss Risk: Reward. This trade will be not valid if the price action breaks the 1.1010 and close. SL @ 1.10105 Entry @ 1.0960 TP 1 @ 1.0852 TP2 @ 1.0820 Note: This analysis is for the educational purpose. Note: Trading is the subject to market risk. Always trade with the tight Risk management to stay the long run. Safe Trading, Happy Trading.
Short
by JagadishSinghR
💡 XAUUSD: Continue to increaseGold had its second consecutive day of price increase, but because the price is still in the inside bar model, the state of cumulative price compression continues to be maintained. The current D1 gold chart structure is sideways, overall favoring price increases. H1 gold pushed up yesterday, breaking the accumulation zone below. Currently the price is blocked at the resistance above. Today's expectation is that the pullback from this resistance can help form a bullish flag pattern - helping to continue following the most recent upward push.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Analysis December 19Despite the increase, yesterday's D1 gold bar had a narrow range and had an upper shadow, showing weak buying power. Yesterday's D1 bar fell inside the previous D1 bar to form an inside bar pattern, showing cumulative price compression. The D1 gold chart structure shows an overall sideways state with a bullish bias. Gold H1 rebounded to retest above and is currently leveling off around this area. The gold H1 structure is more bearish after the previous push to create a new low. H1 gold now needs to wait for a push out of the current range before slightly retesting to sell/buy. The selling direction will be a bit more mainstream.
OANDA:XAUUSDShort
by Stone_Haven
💡 GOLD: Anticipate a price dropThe market has entered a time of year when capital flows dominate fundamentals, making it difficult to determine the cause of any market movement. Markets are paying attention to the Red Sea crisis and how the United States will respond to this threat to global shipping. In addition, gold also has fundamental support as the Fed turns to a dovish policy and the US dollar slips. We can see gold finding support above the 48-hour moving average on the H4 chart. In addition, the MACD double line and the histogram bar have formed a recovery and contraction trend near the zero axis. Falling real yields are a bullish factor for gold and may continue to be supported since the market entered into the interest rate cutting cycle. SELL LIMIT can be applied when the price increases again, a stop loss order is required.
TVC:GOLDShort
by Stone_Haven
Us Dollar Weakness - Will Price Drop To $100 Again?The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week. Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic behavior makes it hard to predict the dollar's future movements. The dollar's latest decline suggests it might retest the $100 level, a crucial support zone. If the dollar starts to rise, surpassing the October high of $107 will be critical, as it could signal a shift from the current downward trend to a potential upward trend. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
ICEUS:DX1!
by Sublime_Trading
💡 GBPUSD: Continuing strong growth momentumING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to decelerate to approximately 4% next summer, providing leeway for the Bank of England to initiate interest rate cuts, there remains an opportunity for the Pound to benefit from certain policy repricing in the short term. Observing the H4 chart, GBP/USD appears to retreat from the overbought territory, with the MACD double line and histogram bar diminishing upward near the zero axis. The ongoing decline from the peak of 1.2795 is likely to lead to a corrective downturn in the short term; however, it is anticipated that the price will find support in the 1.2600 region. You can set BUY LIMIT, stop loss is necessary.
Long
by Stone_Haven
2
💡 XAUUSD: Signs of price reversal Gold experienced a decline on Friday, bouncing back from the resistance level after showing weakness during the preceding Thursday's upward movement. This indicates the continued influence of a dominant force from above. The daily (D1) chart for gold depicts a sideways structure with an overall inclination towards price appreciation. Following an accumulation around the resistance zone, the hourly (H1) gold chart witnessed a breakdown, pushing the price downward and reaching the lower boundary. This development hints at the potential formation of a bearish price structure and a robust downward momentum. Today's primary strategy is to anticipate a rebound in H1 gold for selling opportunities at higher levels. If the price is once again propelled above the aforementioned resistance, it signals a resurgence of strength, providing a foundation to consider buying H1 gold.
OANDA:XAUUSDShort
by Stone_Haven