Gold (xauusd) indicating a bullish trend on the 2-hour timeframeBased on the provided chart:
### Key Observations:
1. **Trend**: The price is trading within an upward-sloping channel, indicating a bullish trend on the 2-hour timeframe.
2. **Structure**:
- BOS (Break of Structure) and ChoCh (Change of Character) annotations highlight the market respecting structure levels while maintaining its upward trajectory.
- Recent formations suggest a continuation of the bullish trend after a corrective phase.
3. **Cup Formation**: A rounded bottom ("cup") pattern is visible, often interpreted as a bullish continuation signal. The breakout above the rim of the cup suggests potential further upside movement.
4. **Targets**:
- Immediate resistance lies near the upper boundary of the channel (around 2,700–2,710).
- A breakout above the channel may lead to more significant gains.
### Potential Trade Scenarios:
1. **Bullish Scenario**:
- Enter on a confirmed breakout of the rounded bottom pattern.
- First target: 2,700 (upper channel boundary).
- Second target: 2,730 (extension beyond the channel).
2. **Bearish Scenario**:
- If the price rejects the upper channel boundary or fails to maintain momentum, expect a pullback toward the midline of the channel, around 2,660–2,670.
- In case of a breakdown, key support lies near 2,640–2,650.
### Additional Notes:
- Monitor volume on any breakout or rejection for confirmation.
- Keep an eye on key economic events or news that might influence gold prices, as these can affect momentum.
Xauusdanalysis
Gold Trend and PatternsTrend and Patterns
Long-term trend: Based on the latest analysis, the XAUUSD pair shows mixed signals. On the one hand, there are forecasts for a possible rise in the gold price to $2900-$3000 levels in 2025, after which a significant drop to $1700-$1500 is expected. On the other hand, current analyses point to a possible continuation of the uptrend in the short term.
Support and Resistance Levels
Support: Important support levels include areas around 2607 and 2638.88 where there is buying interest.
Resistance: Resistance levels include 2663, 2680.35, and a higher level around 2720, which may restrain further price gains.
Indicators and Oscillators
Fibonacci: The use of Fibonacci levels shows that the pair is testing pullback levels such as 38.2% and 61.8%, which may provide signals for market entry.
Market Sentiment: Sentiment analysis shows that retail traders are often in long positions, which may indicate the possibility of counter-trend trading.
Conclusion
The XAUUSD pair has exhibited volatility typical of precious metals this year, with possible upside and downside scenarios. Strong support and resistance levels indicate potential entry and exit points for trading. It is important to keep an eye on the key levels mentioned above, as well as macroeconomic news that can significantly influence the gold price.
XAU/USD 16 January 2025 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 Weekly and Daily 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: Bullish.
Price Action Analysis:
Recent Intraday expectation was not met with price failing to target weak internal low, by printing a bullish iBOS.
It would be noteworthy to remember that H4 and Daily TF internal structure is bullish.
Price has printed a bearish CHoCH to indicate, but not confirm, bearish pullback phase initiation.
Price seems to be targeting weak internal high, which, in my view, is premature, however, I will remain structured in my approach. At the time of preparing analysis M15 candle remains open.
Intraday Expectation:
Price has yet to trade in to discount of internal 50% EQ or M15 demand zone. Expectation is for price to target weak internal high, priced at 2,702.260
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:
GOLD can jump down more .. Gold is showing signs of potential downside movement, suggesting that bearish pressure could dominate in the near term. Traders should remain vigilant and closely monitor key support levels to confirm the next direction. While the current trend hints at a possible drop, unexpected volatility could still influence the market, making it essential to adopt a cautious approach. Proper risk management and careful analysis are crucial to navigating this environment effectively.
XAUUSD TODAY'S NEXT MOVE?Hello traders!
I have an important gold trading update to share:
GOLD (XAUUSD) Trading Opportunity Analysis:
Entry Zone: Around $2,688
Stop Loss: $2,677 (11 points)
Target: $2,730 (42 points)
Risk-to-Reward Ratio: Approximately 1:3.8
This setup offers an attractive risk-to-reward profile, with potential gains nearly four times the risk. As always, please:
Use proper position sizing
Respect your stop loss
Consider taking partial profits along the way
Conduct your own analysis before trading
Stay tuned for updates on this setup. Trade safely!
Note: This is a technical analysis perspective and not financial advice. Markets can be unpredictable, so always manage your risk appropriately.
Gold above 2700?In my analysis yesterday, I mentioned that gold could potentially drop towards the 2600 level. Initially, the day unfolded as expected, with the price declining as anticipated. However, the trend quickly reversed, leading me to close my trade early this morning with a modest profit of 50 pips.
Looking ahead, the charts reveal an interesting pattern: dips in the price are consistently met with strong buying interest, with bulls firmly reclaiming control during these moments.
As the saying goes, "go with the flow." Observing this behavior, I've adjusted my strategy to align with the market sentiment. I now favor buying on dips, aiming for a potential move above the 2700 level.
GOLD - it's dead cat bounce ? Or again rise??#GOLD.. well guys market perfectly hold our area 2657 that was mentioned in our last discussion.
Now market have 2 supporting areas 2657 and immediate will be 2665
Keep close and if market holds that area then again we can expect 2690 plus.
Good luck
Trade wisely
Gold Analysis==>>Still Chance to Fall by Wedge Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Support zone($2,671-$2,653) and managed to break the Support line .
According to the theory of Elliott waves , Gold seems to have completed the Double Three Correction(WXY) .
In terms of Classic Technical Analysis , the Ascending Broadening Wedge Pattern is still valid , although, after the announcement of US rates , this pattern was slightly challenged.
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I think Gold will fall to at least $2,651 in the coming hours.
This week, US indexes can affect the Gold trend , so be careful about your positions when the index is published.
The most important economic indexes of the US this week :
Core PPI m/m, PPI m/m = Tue Jan 14
Core CPI m/m, CPI m/m, CPI y/y = Wed Jan 15
Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims = Thu Jan 16
⚠️Note: If Gold goes over $2,700, we can expect more pumps⚠️
⚠️Note: If Gold closes a 4-hour candle below 50_SMA(Daily), we can expect a break of the lower line of the wedge pattern.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Gold is Ready for Bullish move once againGold H1 Analysis
According to the Fibonacci level the market will go up from this red zone or from 2648-2640 area.
This is the major level according to the fibonacci that market is testing.
If a H1 or H4 Bullish engulfing candle formed from this red zone it will be a sign for the bullish.
The market was searching for the retracement or correction that has already done today.
Today we have seen selling of almost 30$ without any news or Fundamentals.So this was needed.
The targets are 2678 , 2791 and ultimately 2717
GOLD after declining read capGold, after declining to around 2660, has bounced back and is currently moving steadily above the support zone of 2665 ==> This could support the gold price to continue to increase.
During the Asian and European session, you can watch for a downward adjustment with gold to the support zone around 2665 to buy again with targets of 2675-2690.
🐷PLAN for Buy: 2666 - 2664. SL 2661
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. 📜
XAU/USD 15 January 2025 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.
Analysis and intraday expectation remain the same as yesterday's analysis dated 14 January 2025.
Price Action Analysis:
Yesterday's Intraday expectation was not met with price failing to target weak internal high, printing a bearish iBOS. Internal structure has now aligned itself with swing structure.
This could potentially be an early indication that both Daily and H4 pullback phases are incomplete. It would also be useful to remember that Weekly TF remains in its bearish pullback phase.
Price subsequently printed a bullish CHoCH thereby confirming internal range and indication of bullish pullback phase initiation.
Intraday Expectation:
Price has yet to trade in to premium of internal 50% EQ or M15 supply zone. Expectation is for price to target weak internal low, priced at 2,656.880.
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:
XAUUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Trade LogXAUUSD Daily/Monthly Long Setup
Trade Logic:
- Setup: Long position initiated within a high-confluence zone supported by multiple technical and structural factors.
- Confluence Factors:
- Daily/Monthly Buy Signal: Higher timeframe signals indicate strong bullish momentum and continuation potential.
- Trendline Support: Price has respected a long-term ascending trendline, acting as dynamic support.
- Fair Value Gap (FVG): Entry aligns with a daily FVG in a discount zone, offering a high-probability long opportunity.
- Kijun Support: Both daily and weekly Kijun lines provide additional support confluence.
- Liquidity Zone: Recent sweep of liquidity below equal lows clears the path for a bullish reversal.
- Risk-Reward Ratio (RRR):
- Stop-loss set below the trendline and daily FVG for tight risk management.
- 1:3 RRR targeting the weak high at 2,910 , with secondary targets near 3,000 for extended profits.
Macro Context:
- Market Sentiment: Safe-haven demand for gold is rising amid geopolitical and economic uncertainty, aligning with bullish technical signals.
- Dollar Weakness: Weakening USD supports upside momentum in XAUUSD.
- Volume Profile: Strong buy-side volume near key support levels indicates institutional participation.
Execution Plan:
- Long entry near the confluence zone of the trendline, FVG, and Kijun support.
- Maintain stop-loss below the daily FVG to manage risk effectively.
- First target near 2,910 , with extended targets at 3,000 for partial or full profit-taking.
- Reassess position if price closes below the trendline or invalidates the daily buy signal.
Extra Note: Monitor macroeconomic events such as interest rate announcements or geopolitical developments that could affect gold prices. Let me know if further adjustments are needed!
Market Analysis: Gold Price Regains MomentumMarket Analysis: Gold Price Regains Momentum
Gold price started a fresh increase above the $2,665 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $2,630 zone against the US Dollar.
- It cleared a key bearish trend line with resistance at $2,670 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price formed a base near the $2,630 zone. The price started a steady increase above the $2,650 and $2,665 resistance levels.
There was a decent move above the 50-hour simple moving average and $2,680. The bulls pushed the price above the $2,690 resistance zone. Finally, the bears appeared near $2,700. A high was formed near $2,697 before there was a downside correction.
A low was formed at $2,656 and the price is again rising. There was a move above the 23.6% Fib retracement level of the downside correction from the $2,697 swing high to the $2,656 low.
Gold cleared a key bearish trend line with resistance at $2,670. The RSI is now above 50 and the price is now facing hurdles. Immediate resistance is near the $2,678 level or the 50% Fib retracement level of the downside correction from the $2,697 swing high to the $2,656 low.
The next major resistance is near the $2,688 level. An upside break above the $2,688 resistance could send Gold price toward $2,698. Any more gains may perhaps set the pace for an increase toward the $2,720 level.
On the downside, immediate support is near the $2,665 level. The next major support sits at $2,655, below which the price might test $2,645. Any more losses might send the price toward the $2,630 support zone.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAU/USD – Key Support and Upside Potential
Gold (XAU/USD) is showing a strong bullish structure, with prices recently bouncing off a major support zone around $2,660. This area, reinforced by the 200 EMA, has acted as a strong foundation for the next potential rally.
The chart highlights:
📌 Support Zone: Key demand area providing stability for a bullish continuation.
📈 Trend Channel: Prices moving within an ascending channel, signaling a steady uptrend.
🚀 Next Target: If momentum sustains, we could see a move toward the $2,720 level.
Stay cautious of any retracements, but the technical suggest the bulls are in control for now. Keep an eye on these levels for your next move!