Still firmly short goldBros, gold has failed to effectively break through 2650 during the rebound process many times, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even drop to the 2600-2590 area. So in terms of trading, we can temporarily maintain the attitude of shorting gold.
Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Xauusdsignal
XauUsd Sell Limit OrderHi everyone. We have a strong pullback and I think this area can be a good place to set a sell order. Please consider the risk management and good luck.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis with you.
Best Regards
Navid Nazarian
XAUUSDHere is our view on XAUUSD . Potential long opportunity.
XAUUSD has been trying to break below our Key Level 2624 for quite some time. Today we sent out an quick update regarding XAUUSD and explaining that if we manage to break below 2624 we could enter into sells to lower Key Levels 2604 and 2590 . However we also mentioned a break above 2640 would result in more upside . Considering the fact we have broke above 2640 we are looking for buys on this pair.
PARAMETERS
- Entry: 2638.000
- SL: 2628.000
- TP: 2678.000
KEY NOTES
- XAUUSD failed to break 2624.
- XAUUSD broke above 2640.
- Breaks below our SL (Stop Loss) would result in lower prices and possible reverses.
Happy trading!
FxPocket
Trading Strategy and Risk ManagementAnalysis:
Today, the gold market is experiencing relatively stable volatility, as market participants await the release of key economic data later this week, particularly from Wednesday to Friday. These reports will have a direct impact on gold’s short-term price direction and provide important insights into market sentiment and capital flows in the coming days. Given that the market is currently in a wait-and-see phase, gold prices are likely to remain range-bound in the short term, lacking any significant trend breakout.
From a technical perspective, gold is currently facing resistance at the 2650 level and support at 2635. These two levels are likely to define the boundaries of gold’s price fluctuations. Based on this, the trading strategy for today is as follows:
Consider establishing short positions above 2650, as gold may face a pullback.
Consider establishing long positions below 2640, as there is potential for a price rebound.
Add to long positions near 2635, while closely monitoring the effectiveness of the support level.
Disclaimer:
The above analysis is for informational purposes only. Investment decisions should be based on individual risk tolerance and current market conditions. It is important to avoid blindly following signals or taking large positions, and to strictly adhere to risk management principles to avoid unnecessary risks.
Accumulation - bulls and bears dispute ! XAU sideway ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Atlanta Fed President Raphael Bostic shared his views, expressing uncertainty about the need for a rate cut this month but supporting the idea of further reductions in the coming months. He emphasized that interest rates should reach a neutral level that neither stimulates nor restricts economic growth, noting that he remains open to all options.
Meanwhile, the CME FedWatch Tool indicates a 63% probability of a 25-basis-point rate cut, slightly lower than the 66% seen last Friday, suggesting the December 17-18 meeting will be a closely watched event.
⭐️Personal comments NOVA:
The sideway price range 2605 - 2666 will continue, with more accumulation waiting for NF news this week.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2649 - $2651 SL $2654 scalping
TP1: $2645
TP2: $2638
TP3: $2630
🔥SELL GOLD zone: $2666 - $2668 SL $2673
TP1: $2658
TP2: $2645
TP3: $2630
🔥BUY GOLD zone: $2617 - $2615 SL $2610
TP1: $2625
TP2: $2632
TP3: $2640
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold technical analysis and operation strategiesTechnical analysis of gold: The gold daily line closed with a cross K-line again, and the contraction and consolidation of the fifth trading day, the daily line entered a blunted shock. And it is a consolidation correction after the big negative K-line fell, waiting for the break to open the range and move out of the direction. The recent trend of gold is consistent with the same law, with a sharp drop in the Asian session, a shock rebound in the European session, and a high fall in the US session. The overnight impact of the 2650 mark fell back as expected, and the daily line was in a weak shock after the huge negative. The weekly line 2790 evening star clearly peaked, and the monthly line closed with a negative K at a high level, successfully ending the nine consecutive positive rising pattern this year. From the perspective of wave theory, gold has now entered the main decline 3 wave stage. Combined with the weekly and monthly line trends, the decline in December is expected to continue. So today's operation is to keep a bearish view below the 2650 mark, and pay attention to the break of 2632 below. If it breaks, it will continue to test around 2620.
The downward trend line of the gold hourly chart is running, and the center of gravity is gradually moving downward. The current pressure is near 2646. Yesterday's market was able to close with a negative line, which was completely in line with technical needs, indicating that the suppression intensity in the upper 2650-60 area is very large, and the market has also returned to below the moving average band. There is a high probability that the decline will continue in the later period. Even if it is only weak fluctuations at present, if this fluctuation cycle is prolonged, it is possible to convert it into a downward relay pattern, which will still increase the possibility of returning to 2610-00 in the later period, or even breaking through and touching 2550-30.
Gold could drop under 2600 againFor most of last week, gold exhibited choppy price action.
As outlined in my Thursday analysis: "Gold could recover Monday's losses in a choppy manner, forming a flag pattern with resistance around 2660."
This prediction held true in the end and, after a brief spike above the resistance level, gold began its decline. At the time of writing, the price is trading at 2624, just above short-term support.
Looking ahead, I anticipate this support level will break, paving the way for a drop toward 2590 and 2575- a level that aligns with the measured target of the flag pattern.
My strategy remains to sell rallies, using last Friday's high as a key resistance point for positioning.
XAUUSD Potentially BearishOANDA:XAUUSD topped out at almost 2800 and there after we have seen some consistent lower lows and lower highs. If price continues to hold around the 2650 area with some significant rejections, we just might see price creating a new lower high and potentially targeting the 2542 key zone area. Although we might see price dropping lower than that, I will rather lock in some profits when price comes to that zone
Always do your analysis before taking any trade. Past results does not guarantee future results
Xauusd Buy Limit OrderHi everyone.
I think before we get to our previous sell entry setup point, It's possible that we grab all liquidities below that level and touch the 30Min OB and then go up again...
Let's see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Support Zone: Around $2,621, Resistance Zone: Around $2,661dentify Key Levels
Support Zone: Around $2,621. This level has acted as strong support before. You could consider buying here if the price reaches this zone and shows bullish confirmation (e.g., bullish candlestick patterns).
Resistance Zone: Around $2,661. If the price breaks above this resistance with strong momentum, it could indicate a continuation of the uptrend.
The bears have great selling pressure - the trend is DOWN⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices rose late in the North American session on Friday, gaining 0.67%, though still poised for a monthly loss of over 3%. Geopolitical uncertainty continues to influence the market, with the non-yielding metal fluctuating near $2,600. Currently, XAU/USD trades at $2,652 after touching a daily low of $2,634.
Tensions in the Middle East eased following a ceasefire agreement between Israel and Lebanon. However, both sides later accused each other of breaching the terms of the truce.
⭐️Personal comments NOVA:
If there are no surprises - war news breaks out, the gold price will return to its real value below 2600 by the end of 2024. The long-term technical chart is also supporting this
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2657 - $2659 SL $2664
TP1: $2650
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2607 - $2605 SL $2600
TP1: $2615
TP2: $2630
TP3: $2645
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Israel's Shift to Syria and Its Impact on Gold PricesOver the weekend, the fighting between Israel and Lebanon paused, and Israel turned its attention to Syria, hoping to use this move to weaken the Russia-Ukraine war situation. However, as of now, the situation remains deadlocked, and Ukraine has not gained any significant advantage.
Many of you may not understand the connection between these events, but here’s a simplified explanation: Ukraine and Israel are in the same camp. While Ukraine has been facing difficulties in the Russia-Ukraine war, Russia holds over 80 strategic points in Syria. If Russia loses these, it would be a significant blow. So, Israel, as an ally of Ukraine, attacked Syria, hoping to help Ukraine gain an upper hand before a ceasefire, thus securing more significant benefits. However, up to now, things have not gone as smoothly as expected. Russia deployed troops to Syria, and in the process of attacking, they destroyed a command center of the four-nation alliance. Reports suggest that the leader of the Shams Liberation Organization may have been killed in the strike.
Due to the stalemate in the war, gold's price movement has been unclear. In this situation, the focus should be on the developments in Syria. If Israel gains the upper hand, the probability of gold rising increases significantly.
From a technical standpoint, the bulls currently have a slight advantage. Key support is at around 2635. As long as this support holds, the bullish momentum is likely to continue, and we may see a rapid rally at any time.
Hold on to short gold positionsBros, as I said in my last opinion, we can short gold with the 2645-2650 resistance area. I have already shorted gold at 2645 and 2651 as planned.
Although gold has not fallen effectively so far, it still remains above 2640. But we can see that gold has not effectively broken through 2650 in many rebounds, so I think that after consuming a certain amount of long energy, gold will fall again.
So I am still very confident in my short position. Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Price Analysis: Key Support at 2635Today, we made two successful long trades on gold. The first target was 2635-2643, and the second target was around 2650. Both targets were hit, and we enjoyed substantial profits. Now, gold has retreated below 2640, with weak support around 2635. If the price can stabilize around this support level, an upward move is expected. However, if the price breaks below this level, we could see a head and shoulders pattern forming, and the price might return to around 2625.
Currently, the market is experiencing low volatility, and the key trading opportunities for this week will likely come between Wednesday and Friday. A large amount of data will be released, which could lead to significant fluctuations in gold prices, offering even more favorable opportunities for trading.
Gold Market Analysis 12/2At the start of the Asian session today, gold continued its downward movement, reaching back to the previous low near 2620. Typically, previous lows often provide some support. Today, we have seen multiple candlesticks with lower wicks at this level, indicating that the support is holding well at the moment.
Key Levels to Watch:
Support:
2615 remains a key level of support. If this level holds, a rebound is expected.
Resistance:
The resistance zone is between 2635-2643. Watch for potential price action around this area, as it could signal either a break higher or a reversal.
Market Outlook:
Given the current support at 2620 and the signs of a potential rebound, I expect a move higher, with the next target being the 2635-2643 resistance zone.
Scalping! Gold price recovers in the short term to 2648SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) remain under pressure during the early European session on Monday, trading near $2,630, at the lower end of the day's range. The US Dollar (USD) rebounds sharply from a nearly three-week low, supported by a rise in US Treasury yields, adding downward pressure on the precious metal.
Additionally, expectations that President-elect Donald Trump's proposed tariffs and expansionary policies will drive inflation higher, potentially prompting the Federal Reserve (Fed) to halt further rate cuts, further weigh on gold. However, concerns over trade tensions, geopolitical uncertainties, and a cautious market sentiment may help limit losses for the safe-haven XAU/USD as investors await key US economic data releases later this week.
⭐️Personal comments NOVA:
Gold price has recovered - continuing sideways, scalping the liquidity zone 2648
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2648 - $2650 SL $2653
TP1: $2644
TP2: $2638
TP3: $2630
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD (02/12) | Bears are Gaining Momentum. Retesting the ResistaXAUUSD is declining after falsely breaking the resistance level of the range. The fundamental backdrop is mixed and still does not allow for the formation of a clear mid- to long-term strategy.
Trump's policies are creating new risks. Before taking office, he signaled the possibility of raising tariffs globally (on Canada, Mexico, Europe, China, and BRICS countries). Increased geopolitical risks are also affecting metal prices. On the backdrop of a strengthening U.S. dollar and expectations that the Fed will cut interest rates, gold prices are falling, confirming the bearish structure of the market. The market's attention is focused on the U.S. ISM Manufacturing PMI index.
Technically, the price is breaking below the ascending support line as well as the 2636 level, indicating a dominant bearish sentiment. A correction is forming, and we should pay attention to resistance zones, liquidity, and key imbalances.
Resistance levels: 2636, 2650
Support levels: 2622, 2618, 2605
A retest of the broken structure and the previously significant levels is forming. A false breakout of the 0.5-0.7 Fibonacci retracement (retest) could trigger aggressive selling due to the newly strengthened U.S. dollar. However, globally, gold is still within a sideways range without a clear trend.
🪙SELL XAUUSD | 2651 - 2652
⚰️SL: 2656
⬆️TP1: 2644
⬆️TP2: 2639
🪙BUY XAUUSD | 2580 - 2581
⚰️SL: 2575
⬆️TP1: 2586
⬆️TP2: 2591
This concludes the article. Best wishes for a healthy, joyful, and happy weekend.
XAUUSD Signal for this week.Gold found Buyer and after test high timeframe support.
Here is my position setup.
Open long position at 2644.56
Stop loss at 2637.18
Take profit with trail stop loss.
I am using at the moment broken FVG and Fibonacci
Always manage your risk don't risk in this trade more than 3.5 %
Gold Hits 2635 Target, Next Focus on 2646 ResistanceDuring today's Asian session, I shared a long strategy with a target of 2635-2643. Currently, the price has risen above 2635, and we have secured our first profit of the week. Congratulations to all who followed the strategy!
The price is still on an upward trend, and a rise to around 2640 should be achievable. At that point, we need to pay attention to the resistance near 2646 and observe if it breaks. A slight pullback is expected, with key support around 2632-2628. If the support holds, we could see the price push back above 2650.
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.