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
Xauusdsignal
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!
XAUUSD SELL Gold starts the new week on the back foot and trades below $2,650. The renewed US Dollar strength and the recovery seen in the US Treasury bond yields don't allow the pair to stage a rebound despite the risk-averse market atmosphere.
From a technical perspective, an intraday slide below the lower boundary of a nearly one-week-old descending channel could be seen as a key trigger for bearish traders. Moreover, oscillators on daily/4-hour charts have again started gaining negative traction and suggest that the path of least resistance for the Gold price is to the downside. Hence, a subsequent fall back towards last week's swing low, around the $2,605 region, looks like a distinct possibility. Some follow-through selling below the $2,600 mark would expose the 100-day Simple Moving Average (SMA), currently pegged near the $2,575 region.On the flip side, the ascending trend-channel support breakpoint, around the $2,642-2,643 area, might now act as an immediate hurdle ahead of the $2,652 static resistance and last Friday's swing high, around the $2,665 region. Some follow-through buying should allow the Gold price to reclaim the $2,700 round-figure mark and extend the positive move further towards the $2,721-2,722 supply zone. The latter should act as a pivotal point, which if cleared decisively will suggest that the recent corrective decline from the all-time peak touched in October has run its course and pave the way for a further appreciating move.
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.
XAUUSDHere is our quick view and update on XAUUSD . Potential opportunities and what to look out for. This is a quick overview on the pair.
XAUUSD is currently trading at around 2630s.
If we break our KL (Key Level) 2624 , we could revisit 2604 and our target 2590 . Safe sell entries would be at the break of the KL 2624 . Be careful of possible pullbacks to the upside and breaks of 2640 .
Personal opinion:
XAUUSD has tried to break below 2624 several times last week but failed to do so. A clear break below 2624 would confirm the direction and based on that we could take advantage of the sells on gold and potentially hit our 2590 target.
KEY NOTES
- XAUUSD breaking below 2624 would confirm sells.
- Breaks below 2604 would result in sells, down to 2590 would result in even lower prices.
- Breaks above 2640 could confirm buys.
Happy trading!
FxPocket
Scenario on XAUUSDOn the chart we have a level marked around which the price has been hovering all the time. This level is located around the price of 2660-2640. A correction is forming which is still not complete for me. If it cannot break through this resistance at this moment, it is quite likely that the price may correct somewhere towards the level of 2500 or even a lower price. For me, this market is still undecided and for now I am staying out of the position. If what I described happens, I will take a short.
Gold Price Analysis: Bearish Flag Forming Amid Choppy RecoveryAfter Monday's significant drop, the price of gold began a correction yesterday, reaching my first resistance zone at 2640 before resuming its decline.
However, gold found support around 2620 and started recovering again. The price action now appears to be forming a bearish continuation flag, suggesting that the next major move could be another downturn.
In the meantime, gold may continue to rise in a choppy fashion toward the next key level at 2660.
My strategy is to sell rallies near this zone, targeting a drop to 2590 while monitoring the newly established support at 2620.