Gold can hit 2750 before continuing it's bearish reversal trend?Gold prices climbed further, driven by escalating Middle East geopolitical tensions and a Wall Street selloff boosting safe-haven demand.
China likely acquired over five tonnes of gold in Nov, according to the PBoC report.
Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals.
XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum.
If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal.
Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend.
1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm
Xauusdbuysetup
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold prices showcased an impressive rally, primarily propelled by mounting geopolitical tensions in the Middle East and the optimism surrounding the Federal Reserve's (Fed) decision to refrain from further interest rate hikes this year. The precious metal exhibited remarkable resilience, bouncing back swiftly from a knee-jerk reaction triggered by the United States Consumer Price Index (CPI) report for September, which revealed higher-than-expected headline inflation, exerting bearish pressure initially on Thursday.
However, gold quickly regained its footing as traders placed their bets on an unchanged interest rate decision by the Fed in its upcoming November monetary policy meeting. This confidence was further bolstered by the CPI's core inflation reading, which softened in line with market expectations.
Adding to the positive sentiment, Philadelphia Fed President Patrick Harker offered a neutral perspective, stating that concerns about persistent inflation were notably absent in recent data. This assurance reinforced the belief that the central bank would maintain the current interest rates, providing a supportive backdrop for gold prices.
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The range between the $1,900 and $1,930 zones will remain our center stage for this week. Its historical significance makes it a crucial point. If the bullishullish momentum is sustained then the $1,900 and resistance of the descending channel will serve as platform for new highs. However, if price breakdown/retest the $1,900 we could witness a renewed selling pressure.
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XAUUSD at daily support, likely to head to 1936-1943The price has hit the daily support after getting rejected from weekly resistance. I think the price shall have a bounce here which means a long is favorable from here. The target of this trade should be the daily resistance DR1 which is sitting around 1936-1943 area.
XAUUSD Need to Buy Confirmation
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Gold long (update) An update on the gold trade. My bias is still long. Good risk to reward...trade with care
Gold buy opOb formed at 4hr tf from bos of previous swing high. Make conservative entry at confirmation candles. Institutions might take liquidity for the the big up move
GOLD Sniper BuyHLZ Supply and Demand Methodology
No-1 Market has engulfed previous Supply level in 1916 and below 1916 we can see market making phase 3 Reaction by rejection
No-2 Market no more making New LL in Phase 2
No-3 Market Recently Tested ATH level 2075 close below and retraced wait for little bit more Drop to the downside to buy at discounted Price!
XAUUSD LONG IDEAHello there all,
Here's the XAUUSD forecast for long idea.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
This is not financial advice.
Thanks all :)
Gold TARGETS HITT $$$$$This plan was posted earlier this month. We marked all entry points and exits. We predicted the drop first and then the movement up to each level. Our analysis played out perfectly once again. Not only did we identify the levels but we also predicted the order of sequence. This gives us the edge in analysing the gold market!!
Only 20pip short of 1830, which we don't need to chase now until some further support and re-test . All trades banked and now ready to enjoy new years eve.
We also posted other ideas and setups, please see related IDEAS links below, which have all hit target.
We have had a great finish to the year and want to thank all our followers for their support and wish everyone a successful new year to come!
As always please don't forget to like, comment and follow we appreciate it.
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Golden buy position for NY openIn this idea we have a nice opportunity to buy gold SL will be at 1725 with our entry to be taken at 1729-1731 depending on what price action presents us,
First TP will be at 1750 for a little over 200 pips , second tp will be at 1775 for about 455 pips and our final take profit for this trade will be set at 1798 for a total of 695 pips
this trade idea will provide a whopping 1 to 16.8 RR
I will be monitoring price action at the time of my entry to be able to run a tighter stop and in turn be provided with a better RR
Please remember to Like Comment & Follow my Tradingview if you agree to my Analysis!
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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
XAUUSD BuysFor the moment, we are currently seeing an accumulation of buy orders daily, if you look left, we are moving in waves from
Point A : 1850 (Strong Support)
B: 1920 (Resistance)
C: 1872 (Support)
D: 1933 (Latest resistance)
E: 1886 (Support)
If we see it breaks 1886 or 1895
wait for a breakout for the real move in the right sense of direction.
Buy falling knife; continuation of buys to 1950 POINT F!
sell continuation to the downside (breakout)