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
Xauusdsignal
XAU / USD "GOLD vs USD" Metal Market Heist Plan on BullishHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAU / USD "GOLD vs USD" Metal Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Target 🎯 : 2800.00
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Gold Analysis==>>Rising again==>>Short term!!!Gold ( OANDA:XAUUSD ) started to decline from the Resistance zone($2,740-$2,708) , as I expected in the ✅ previous post ✅.
Gold is moving in the Support zone($2,670-$2,653) and near the Potential Reversal Zone(PRZ) .
According to Elliott's wave theory , Gold is completing wave 5 .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to start rising again from the PRZ and attack the Downtrend line ; if it breaks, we can expect further pumps .
⚠️Note: We should expect further decline if Gold breaks the Support zone($2,670-$2,653).⚠️
🔔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.
Gold Trading Strategy for 16th December 2024Gold Trading Strategy
Buy Above: The high of the candle which closes above 2662 on a 15-minute chart
Sell Below: The low of the candle which closes below 2636 on a 15-minute chart
Risk Strategies:
Risk Strategy 1:
Sell between 2660-2666
Stop-Loss: 2675
Targets: 2648, 2636, 2619
Risk Strategy 2:
Buy between 2621-2617
Stop-Loss: 2608
Targets: 2636, 2648, 2660
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Gold at support- But is too obvious... (update)In my morning video analysis, I noted that after yesterday's strong bearish engulfing candle, the most likely scenario was a continuation of the down move, with the next support level identified around the 2660-2665 zone.
The price indeed reached this area, but I believe this support is too obvious and likely to break, instead of a meaningful reversal.
At this point, it is very risky to trade against the flow.
A more prudent approach would be to wait for rallies and consider selling at higher levels.
Gold price faces strong headwinds ahead of Federal Reserve meet
After testing resistance at $2,700 at the start of the week, gold is once again on the back foot as stubborn inflation takes its toll on expectations surrounding the Federal Reserve’s easing cycle. The precious metal received a much-needed boost earlier this week as investors reacted to news that China’s central bank resumed buying gold. After a six-month break, data from the People’s Bank of China showed it purchased five tonnes of gold in November. According to many analysts, the data underscores China’s significant role in the gold market and highlights healthy central bank demand heading into 2025. ..
Gold price faces strong headwinds ahead of Federal Reserve meet
After testing resistance at $2,700 at the start of the week, gold is once again on the back foot as stubborn inflation takes its toll on expectations surrounding the Federal Reserve’s easing cycle. The precious metal received a much-needed boost earlier this week as investors reacted to news that China’s central bank resumed buying gold. After a six-month break, data from the People’s Bank of China showed it purchased five tonnes of gold in November. According to many analysts, the data underscores China’s significant role in the gold market and highlights healthy central bank demand heading into 2025. ..
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;
The latest technical analysis of gold, enjoy the profitFrom a technical point of view, after Thursday's decline, the daily line closed negative for the first time after three consecutive positive lines, and closed with a large negative line before the upper Bollinger track. This pattern is very obvious, confirming the overall weakening, and there will be continuous room for decline. At least look at the support point of the middle Bollinger track 2660 first, and then look at the support of the lower track 2600 after breaking. Therefore, the actual intraday decline prospect is still very large. Look at the recent intraday changes, and try to focus on rebounding high altitudes. After the decline of the small cycle H4, the Bollinger is also in a closing state. It rebounded at 2675 at midnight, but the downward space is not enough. The support of the lower track is near 2660. Therefore, the intraday rebound can still be shorted. First see whether the price of 2660 breaks. If it does not break during the day, it will be regarded as a slow decline. If it breaks, it can form an opening of the lower Bollinger track and get out of the unilateral decline. Therefore, the recent decline of gold in this cycle has just begun. Don't think that you can go long after a wave of decline. In the short-term performance, gold has rebounded, and the intraday suppression should be around 2695. If it rebounds in the Asian and European sessions, you can short it. The intraday downside targets are 2675 and 2660. Overall, today's short-term operation strategy for gold is to short on rebounds, supplemented by buying on dips. The short-term focus on the upper side is the 2695-2700 resistance, and the short-term focus on the lower side is the 2660-2655 support.
adjustment - accumulate more waiting for interest rate cuts⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) finds support during the Asian session on Friday, recovering some of the previous day's pullback from a five-week high near $2,726. Safe-haven demand remains strong, driven by ongoing geopolitical tensions from the Russia-Ukraine conflict and unrest in the Middle East, as well as concerns about President-elect Donald Trump's proposed tariffs. Additionally, growing expectations that the Federal Reserve (Fed) will implement a third consecutive rate cut at next week’s December policy meeting provide further support for the non-yielding yellow metal.
⭐️Personal comments NOVA:
The price recovered positively during the week around 2700, sideways and accumulated further. Waiting for information about interest rate cuts in December 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2701 - $2703 SL $2706 scalping
TP1: $2695
TP2: $2690
TP3: $2680
🔥SELL GOLD zone: $2721 - $2723 SL $2728
TP1: $2710
TP2: $2700
TP3: $2690
🔥BUY GOLD zone: $2656 - $2654 SL $2649
TP1: $2665
TP2: $2678
TP3: $2690
⭐️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
SCALPING XAU ! Break 2676 and retest entry SELLSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Anticipation of a more cautious stance from the Federal Reserve (Fed) supports US Treasury bond yields and helps the US Dollar maintain its weekly rise to a new monthly high, which could limit gains for the lower-yielding gold. Investors are now focused on the upcoming FOMC policy decision next week, seeking clarity on the US interest rate outlook. This decision is expected to influence USD demand and provide clearer direction for XAU/USD.
⭐️Personal comments NOVA:
Continue correcting below the 2670 zone, break out and wait for the SELL retest point at 2676
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2676 - $2678 SL $2681 scalping
TP1: $2672
TP2: $2665
TP3: $2660
⭐️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
XAUUSD XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index releaseTechnically, the XAU/USD pair is at risk of extending its slide, albeit far from bearish. The daily chart shows that the pair keeps developing above all its moving averages, with the 20 Simple Moving Average (SMA) maintaining its upward slope below the current level and above also bullish 100 and 200 SMAs. However, technical indicators have turned south, with the Momentum heading firmly south below its 100 level and the RSI also pointing lower, albeit at around 54In the near term, and according to the 4-hour chart, XAU/USD is currently developing below its 20 SMA, which anyway remains above directionless longer ones. The corrective decline could continue, given that technical indicators head firmly lower, although considering the Momentum indicator remains above its 100 line.
Support levels: 2,676.30 2,662.50 2,650.40
Resistance levels: 2,693.70 2,704.35 2,722.60
Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
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.
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.
Gold fell sharply, and the market reversed?The 1-hour moving average of gold begins to turn. If the moving average begins to turn downward, or even forms a dead cross, then the space for gold shorts will be opened. Gold will continue to short when it rebounds in the US market. After gold falls and breaks, it will rebound under pressure at 2,700 and fall directly. Gold will continue to short when it rebounds below 2,700 in the US market. This is the market of gold, which changes rapidly. It may be a carnival for gold bulls in the last second, and a feast for gold bears in the next second.
XAUUSD (XAU/USD) is hesitating on Wednesday after having rallied about 2.5% over the previous three days. The precious metal has been capped at the $2,700 round level during the early Asian session, with investors reluctant to bet against the US Dollar (USD) ahead of the release of the US Consumer Prices Index (CPI) reading at 13:30 GMT
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 7,342.29 Indian Rupees (INR) per gram, down compared with the INR 7,344.80 it cost on Tuesday.
The price for Gold decreased to INR 85,644.76 per tola from INR 85,668.30 per tola a day earlieGold price seems to have stabilized following good two-way intraday price swings and currently trades around the $2,690 area, below a two-week high touched earlier this Wednesday. Expectations that the Fed will adopt a cautious stance on cutting rates continue to push the US Treasury bond yields.
Gold is Ready to Fall again!!!Gold ( OANDA:XAUUSD ) started to pump, as I expected in the previous post .
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ) and approaching the Upper line of the Ascending Channel .
According to Elliott's wave theory , Gold is completing microwave 5 of the main wave C .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔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.
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