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Gold Market Weekly Analysis | XAUUSD Price action OutlookGold prices experienced a nearly 1% decline last week, largely influenced by a series of US economic data releases. Mixed signals from consumer and producer inflation reports kept markets cautious, but the lower-than-expected Initial Jobless Claims report strengthened investor confidence in a potential Federal Reserve rate cut at its December 17-18 meeting. Currently, traders are assigning a 93% probability to a 25 basis points (bps) rate reduction. Next week promises to be eventful, with key US economic releases such as S&P Global Flash PMIs, Retail Sales, Industrial Production, and the core PCE Price Index, alongside the pivotal FOMC policy decision. These will play a critical role in shaping gold's trajectory. In this video, I dive deep into the XAUUSD chart, breaking down technical and fundamental factors to help us navigate the upcoming trading week. 📢 Disclaimer: This video is for educational purposes only and does not constitute financial advice. Please consult with a professional before making trading decisions. #GoldAnalysis #XAUUSD #GoldPriceForecast #FOMC #RateCut #ForexTrading #MarketOutlook
SAXO:XAUUSD
by darcsherry
15
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VELOCITY:GOLDLong
by Thief_Trader
Gold on the Rise: Is $2700 Within Reach?Hey Realistic Traders, Will OANDA:XAUUSD Return to the $2700 Territory? Let’s Dive In... In the H4 timeframe, Gold rebounded decisively above the 0.618 Golden Ratio Fibonacci level, marking the end of the minor correction within the broader bullish trend in the Daily timeframe. This move laid the foundation for a bullish flag pattern to emerge. The breakout from the flag pattern was confirmed with the formation of two bullish Marubozu candlesticks. At the same time, the MACD indicator signaled a bullish crossover, adding further confidence to the case for continued upward momentum. Given these strong technical signals, I foresee an upward movement toward the first target at 2715.097. Upon reaching this level, a minor pullback is likely before the rally gains traction again, pushing toward the second target at 2758.970. However, this bullish outlook hinges on the price maintaining support above the critical stop-loss level at 2613.372. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold".
OANDA:XAUUSDLong
by financialfreedomgoals101
Gold pattern analysis, profit of 300% this weekGold closed with a big negative yesterday, and the shape showed a Yin-enveloping Yang engulfing shape. In the short term, there was a certain turning point under pressure, and it also formed a double top after piercing the previous high of 2721; the market is still relatively cunning, and there is a large-scale strangulation of long and short positions back and forth. Basically, this behavior has occurred frequently this year; whether it is gold or silver, the slope of the channel that has been forced to rise all the way recently is steep, so the sustainability will not be too long, and it is easy to usher in a large-scale dive in the end. It is basically unlikely to refresh the historical high of 2790 this year, and for early 2025, bad news will come one after another, and the pressure and space may be greater and more lasting; although the overall bull market bull trend has not changed, there is still a need for adjustment in the short term or there is a long period of wide fluctuations, which is also a kind of correction; today's daily level short-term retracement pays attention to the 10-day moving average of 2662, which is also a second retracement to confirm the trend line of 2790-2721. Once it breaks down, it will point to the middle track of 2642;
OANDA:XAUUSD
by ckb6ckb6
GOLD PRICE TREND ANALYSIS FOR TODAY, DECEMBER 13, 2024SPDR Gold Trust sold 24.88 tons of gold on December 12, which is the reason for the sharp decline in gold prices last night, suddenly dropping back into the previously broken downtrend structure around the 2675-2676 region. Key Resistance Levels: 2700 - 2710 - 2732 Key Support Levels: 2666 - 2675 XAUUSD OANDA:XAUUSD Trading Strategy Around Price Zones: SELL XAUUSD around the 2700-2701 region Stoploss: 2706 Take Profit 1: 2695 Take Profit 2: 2690 Take Profit 3: 2675 “If there is a breakout above the 2728 level during the day, we look to sell around the 2749-2750 region in a long-term channel.” BUY XAUUSD around the 2675 region Stoploss: 2670 Take Profit 1: 2680 Take Profit 2: 2685 Take Profit 3: 2690 Note: Always set a stop loss in all cases to stay safe! @Henrybillion wishes you a successful trading day.
OANDA:XAUUSD
by Henrybillion
Gold Market Analysis 12/13Gold has dropped to the support level of the current upward trend, and the selling pressure has largely been released. Today's trading strategy should focus on buying at lower levels, with resistance at 2692-2704. The target can be set within the 2688-2702 range. Additionally, pay attention to the support in the 2666-2652 zone. While the possibility of a break below 2652 seems low at the moment, it remains something to watch. The 2652 level is crucial, as it serves as the dividing line between bulls and bears. A genuine break below this level would signal a shift from a bullish to a bearish technical pattern, derived from the connection between the 2790 and 2720 highs.
OANDA:XAUUSDLong
by TradingGuide_Dean
XAUUSD - possible outcomes today?Here is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last in-depth analysis on XAUUSD posted on November 27th , it has followed the projection and reached 2714 . Right now we have a few opportunities on our hands. Looking at XAUUSD we have possible buys if we break above 2720 and break today’s highs. On the other hand we could see pullbacks down to our PBA 1 (Pullback Area) sitting at around 2700 flat, and we could enter into more safe buys . If we break below 2700 (PBA 1) , we could see some sells in play. To write this in detail, here are the possible outcomes. Scenario 1: BUYS from 2720 We broke above 2720 . That would confirm continuation buys and we would have to keep our eye out on the breaks of today’s highs. Scenario 2: BUYS from 2700 We made the pullback down to 2700 and are trading above it. That would give us a nice and safe area to enter into buys targeting today’s highs or possibly higher. Scenario 3: SELLS from 2700 We broke below 2700 , and are now targeting breaks of 2690 and re-visits of 2675. Personal opinion: The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. KEY NOTES - XAUUSD breaking above 2720 would confirm buys. - XAUUSD failing to break below 2700 would confirm buys. - Breaks below 2700 would result in sells, down to 2690 and 2675. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
Gold Price Trend Analysis on December 13, 2024As of December 12, 2024, gold is trading around $2,717 per ounce, continuing its upward trend amid declining U.S. inflation and expectations of a Federal Reserve interest rate cut. Geopolitical tensions and a weakening USD further support the rise in gold prices. Technical Analysis: Market Trend: Primary Trend: Bullish. Key Support Levels: $2,700 (50-day MA) and $2,696 (50% Fibonacci retracement). Resistance Level: $2,732 (previous high). Scenario 1: Continued Uptrend (Breakout) If price breaks above the $2,732 resistance with high volume, it may target $2,750. Trading Strategy: Enter long positions upon a close above $2,732. Set Stop Loss at $2,720. Take Profit 1: $2,750. Take Profit 2: $2,760. Scenario 2: Rejection at Resistance If price fails to break $2,732 and shows reversal patterns, a correction to $2,710 or $2,700 may occur. Trading Strategy: Enter short positions near $2,732 upon bearish reversal signals like a Pin Bar or Doji. Set Stop Loss at $2,740. Take Profit 1: $2,710. Take Profit 2: $2,700. Scenario 3: Pullback to Support and Rebound A pullback to the $2,700 support that holds may offer buying opportunities in line with the uptrend. Trading Strategy: Enter long positions at $2,700. Set Stop Loss at $2,688. Take Profit 1: $2,732. Take Profit 2: $2,750. Recommendations for Traders: Prudent Risk Management: Limit risk per trade to no more than 2% of account equity. Monitor Economic News: Key data such as Federal Reserve interest rate decisions or CPI reports significantly impact gold prices. Await Confirmatory Signals: Avoid impulsive trades; enter positions only upon clear signals at critical price levels
OANDA:XAUUSD
by Henrybillion
Gold has made a profit of 240% this weekAt this time, the market is running relatively slowly. After the long orders of gold are closed, there is a tendency to enter a small adjustment. It is expected that the gold price will not rise directly at present. It will only be possible to further increase until the US market. The trend remains upward. After the gold price further adjusts, continue to layout and go long! First pay attention to the 2707 moving average support level below. Continue to go long when the gold price adjusts to 2700 in the evening.
OANDA:XAUUSDLong
by ckb6ckb6
Technical and Fundamental Analysis Post-Breakout of 2721Analysis Expansion: In the current market environment, gold continues to demonstrate strong upward momentum. Technically, the price has found support in the 2705-2710 range, with the RSI indicator consistently remaining in the bullish zone, suggesting that the market sentiment remains tilted toward the bulls. A breakout above the 2721 level would confirm the continuation of the uptrend, with the next key resistance likely to be around the 2740-2750 region. From a fundamental perspective, the recent CPI data significantly increased market expectations for a Federal Reserve rate cut next week, particularly in light of weak inflation figures. Market focus is now shifting to the upcoming PPI and initial jobless claims data, which may further fuel expectations for a dovish Fed policy. If the PPI data shows weakness or if initial jobless claims rise substantially, gold could see additional bullish momentum. Therefore, the strategy remains focused on long positions, with an eye on buying opportunities in the 2705-2710 range. If gold breaks above 2721, it will open the door for further upside potential. Risk management is crucial in trading, and investors should remain flexible with their positions to avoid overexposure.
OANDA:XAUUSDLong
by Falcon-Training-Camp