GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising Trend Line
Vertical Resistance 1: Rising Trend Line
Horizontal Structures
Support 1: 2689 - 2699 area
Support 2: 2654 - 2662 area
Support 3: 2614 - 2635 area
Support 4: 2595 - 2606 area
Support 5: 2583 - 2585 area
Support 6: 2536 - 2562 area
Consider these structures for pullback/breakout trading.
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Xauusdtrading
XAU/USD 16 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Weekly and Daily TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
Recent Intraday expectation was not met with price failing to target weak internal low, by printing a bullish iBOS.
It would be noteworthy to remember that H4 and Daily TF internal structure is bullish.
Price has printed a bearish CHoCH to indicate, but not confirm, bearish pullback phase initiation.
Price seems to be targeting weak internal high, which, in my view, is premature, however, I will remain structured in my approach. At the time of preparing analysis M15 candle remains open.
Intraday Expectation:
Price has yet to trade in to discount of internal 50% EQ or M15 demand zone. Expectation is for price to target weak internal high, priced at 2,702.260
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD Is gold on a bear-run for 2025? Hey 👋🏾 y'all I am back with my first publication of 2025! I hope everyone enjoyed their holiday season and is ready to absolutely CRUSH this year!!
Let's dive in:
As you can see from my 4H price is in a giant correction. Price attempted to push higher, however continues to fail to do so.
The 15m liquidity zone (15m LQZ) we can see price is having difficulty closing above there and in fact sells off rather aggressively from that level.
This is 1 indication, or confluence, that price will more than likely melt to the downside. Not, before however, giving us a false sense of hope that she will reach previous highs.
By that I mean to say that I believe price will push higher first, stall out (form a smaller 1H or 15m ascending channel within my larger 4H ascending channel) and then melt.
I expect price to push up and stall around where I have placed my top trendline - giving me the all-clear to ride this elevator to the downside.
Like always it is not my job to predict the markets, but to react...time will tell.
I have a setup in mind for the long position as well. However, let's see if this short position plays out this week (Thursday and Friday).
I will update y'all at the end of the week 😁 byyyyeeee! ✌🏾
XAUUSD: 1H MA200 rebound.Gold is neutral on its 1D technical outlook (RSI = 54.885, MACD = 7.900, ADX = 30.745) as it is consolidating between the 1H MA50 and 1H MA200. Since yesterday, it has found support on the latter. The 1H RSI is rebounding in the same way it did on January 6th, which was the previous HL of the Channel Up. This indicates that it is a buy opportunity. The two bullish waves before both hit their 1.618 Fibonacci extensions to form a HH at the top of the Channel Up. Consequently, we turn bullish on Gold now, aiming at the 1.618 Fib (TP = 2,720) which conveniently falls a little under the R1 level.
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Gold may continue to fall
The gold price has been in a wide range of fluctuations in the near future, forming a clear descending wedge (blue downward trend line) and an ascending channel (red trend line). The current gold price is running around the 2,668 level, showing certain short-term correction pressure.
At present, we can clearly see the correction path of gold from the previous high to the low. The price is currently hovering between the 0.618 ($2,670) and 0.5 ($2,654) levels, showing that this area is a key point for both bulls and bears to fight over. If the price continues to fail to break through the 0.618 level, it may usher in a larger decline, with the target possibly pointing to the support level of 0.382 ($2,637) or even 0.236 ($2,617).
The hourly rising channel shows that gold as a whole still maintains a mild upward trend, but recently the price has shown significant signs of a correction after encountering resistance at the upper edge of the upper channel. The price has failed to test this resistance area several times and then moved downward, indicating that this level is an important resistance area. The key support level below can focus on the lower edge of the red channel and the price corresponding to Fibonacci 0.236.
In the short term, if the gold price falls below $2,654, it will confirm the head and shoulders top pattern (implying left shoulder, head and right shoulder structure), further opening up the downside space, with the target pointing to the $2,617 to $2,584 area. However, if the metal can once again break above $2,670 and hold above it, it could resume its upward momentum and test the previous highs.
Overall, the current gold price is in a stage of long-short tug-of-war, and we need to pay close attention to the breakthrough of the Fibonacci key levels and channel boundaries. From the perspective of trading strategy, in the short term, we can focus on the breakthrough direction of the $2,654 and $2,670 areas, adjust positions and maintain flexibility.
GOLD (XAUUSD): Intraday Bullish Confirmation?!
I really like how Gold reacted to the underlined daily/intraday
horizontal support after a pullback.
The price formed a nice indecision candle - doji first,
then we see a nice bullish imbalance - the engulfing candle.
I think that the market can continue rising.
Next intraday resistance - 2678
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XAUUSD going for new ATH!⭐After a beautifull double top pattern & a good correction GOLD seems to be ready for a new ATH this year!
📈XAUUSD is in a medium uptrend with obvious correction and momentum movements forming new LH(Lower High) & HH(Higher Highs) which further strengthens the upward trend! 📊After the FIB Retracement applied behind the representation, gold does not seem to change its trend anytime soon, but although it is close to a pullback in the 38.20 area, it does not represent such a strong upward trend that it does not try to go down at least in the GOLDEN ZONE (50%-61,80%)
📍US PPI and CPI data due later in the week
📍Dollar at its highest level in over two years
📍Market sees 25 bps reduction in rate cuts this year
💥Position Recommendations💥
Entry: 2650
Stop Loss: 2630
Take Profit 1: 2680
Take Profit 2: 2700
Take Profit 3: 2750 (I do not recommend only with subsequent confirmations)
Gold breaks up, can it test the previous high?
Recently, gold has maintained an upward channel and fluctuated upward, and the overall trend is strong. From the hourly line, the gold price has continued to fluctuate higher since the 2615 line, and has now broken through the top pressure of the upward channel, forming a typical top-bottom conversion structure. The key support below is in the 2676-2678 area. In the Asian session, gold fell slightly from the high level and received support at the 2680 line. It rebounded again in the short term and is currently testing the 2700 line of resistance.
From a technical perspective, gold is still in an upward break structure as a whole, and the short-term long and short key points are concentrated in the 2680-2676 area. If the price stabilizes in this range, it is expected to continue to rise in the future, with the target pointing to the two strong resistance areas of 2725 and 2750; on the contrary, if it falls below this range, it may return to the previous channel, with a bearish trend, and further move down to the 2664 line.
In the short term, although gold has failed to rise many times, showing the characteristics of "slow rise and fast fall", the upward breakout pattern has not been destroyed, and the price structure is still bullish. In terms of operation ideas, it should be mainly low-long, combined with high-short strategies to respond flexibly.
Summary: The current upward breakout pattern of gold has not changed. In terms of operation, it is advisable to mainly do more at low levels. If the high level is under pressure, you can try shorting with a light position, strictly control risks, and pay attention to the breakthrough of key intervals.
Trading strategy recommendations
Short strategy
Layout area: Gold rises to 2700 and is under pressure, and short orders can be arranged.
Stop loss setting: above 2715.
Target position: First target: 2675, observe the support strength. If it falls below 2675, look further down to the 2664 area.
Long strategy
Layout area: After gold adjusts to the 2675-2680 area and stabilizes, long orders are arranged.
Stop loss setting: below 2664.
Target: First target: 2690 Second target: 2700 is further expected to 2725-2750 after breaking through.
Risk warning
The trend of gold is currently affected by both technical and emotional factors, and it is necessary to pay close attention to the performance of key support and resistance levels. At the same time, it is necessary to pay attention to the impact of fundamental factors such as the US dollar index and economic data on gold prices and adjust strategies in a timely manner.
XAU/USD "GOLD vs US Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at anypoint,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 2760.00 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, the XAU/USD is expected to move in a bullish direction. Here are some key factors that support this prediction:
Global economic uncertainty: The ongoing global economic uncertainty, including trade tensions and geopolitical risks, is likely to drive investors towards safe-haven assets like gold.
Low interest rates: The low interest rate environment, particularly in the US, is making gold a more attractive investment option, as the opportunity cost of holding gold is lower.
Inflation expectations: The rising inflation expectations, driven by the ongoing economic recovery and monetary policy easing, are likely to support gold prices.
Central bank buying: The continued buying of gold by central banks, particularly in emerging markets, is likely to support gold prices.
Technical factors: The technical analysis suggests that gold is forming a bullish trend
Fundamental Indicators:
Global economic uncertainty: High
Interest rates: Low
Inflation expectations: Rising
Central bank buying: Ongoing
Technical factors: Bullish trend
Market Sentiment:
Bullish sentiment: 70%
Bearish sentiment: 30%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Gold has initially broken through, can it continue to rise?
Gold is currently at a critical technical node, with prices fluctuating around $2,689. From the current trend. Since the bottom of $2,584.83, the price of gold has gradually risen, forming a clear upward channel, with the top and bottom of the channel providing strong support and resistance to the price.
At present, the price of gold has approached the upper edge of the channel, and this position also intersects with the downward trend line. It can be seen that the $2,689-2,710 area is both the top resistance of the upward channel and the strong pressure area of the downward trend line. The breakthrough or obstruction of this technical intersection will have a decisive impact on the short-term trend of gold.
If the price of gold breaks through the suppression of the downward trend line (the key point is $2,719), it will further open up the upside space, with the target looking at the $2,750-2,760 area, and even have the opportunity to reach higher levels. This trend may require strong fundamental support, such as a weaker dollar, increased geopolitical uncertainty, or safe-haven demand caused by a global economic slowdown.
If the gold price is blocked and falls back in the $2689-2710 area, it may trigger a round of adjustments. The short-term target may fall back to the middle track of the rising channel near $2660, and the further support level can focus on the $2615-2600 area. This decline may be driven by the strengthening of the US dollar index, the signal of the Federal Reserve or the improvement of market risk sentiment.
The current gold price has formed a certain consolidation near the key resistance area, showing the hesitation of both long and short sides in the market. It is necessary to pay attention to the changes in trading volume and whether there is a clear breakthrough pattern.
The price structure shows that gold may be close to the overbought area at the current position, which further increases the risk of a correction.
Overall, spot gold is currently at a key choice point in the technical pattern, and both long and short sides are fighting fiercely in the $2689-2710 area. Breaking through the downward trend line will strengthen the confidence of bulls, and if it is blocked and falls back, it may step back on the key support. Traders need to pay close attention to changes in market momentum, and at the same time combine fundamental dynamics for risk management and decision optimization.
Long operation suggestion: If the gold price successfully breaks through the downward trend line (stands firmly above $2,719), you can consider chasing long, with the target set at $2,750-2,760, and the stop loss point at $2,680.
Short operation suggestion: If the gold price is blocked and falls back in the current area, the short order target can be set at $2,660, further looking at $2,615, and the stop loss is set above $2,700.
From the long-term trend, gold is still in a volatile upward channel, but it is necessary to be wary of the suppression of the downward trend line. Breaking through this line will verify the continuation of the bullish pattern, otherwise it may usher in a deeper adjustment.
XAU/USD "GOLD vs US Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. 👀 So Be wealthy and safe trade 💪🏆🎉
Entry 📈 : You can enter a Bull or Bear trade at any point after the NFP news.
Stop Loss 🛑: Using the 4H period, the recent / nearest Pullbacks.
Goal 🎯: Bullish Robbers TP 2730.00 (or) Before
Bearish Robbers TP 2630.00 (or) Before
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
The XAU/USD is looking bullish right now, with the gold price sticking to its intraday gains near a multi-week top. The Fed's hawkish stance and elevated US bond yields are capping gains, but traders are still optimistic about the precious metal's potential.
From a technical perspective, the breakout through the $2,665 horizontal resistance is seen as a fresh trigger for bullish traders. The gold price seems poised to climb further to the $2,681-2,683 intermediate hurdle and then aim to reclaim the $2,700 round-figure mark.
However, there are also some bearish signals to watch out for, such as the potential for a stock market crash and the rising yield curve. If the XAU/USD breaks below the $2,655 area, it could be seen as a buying opportunity, with support near the $2,635 region and the weekly low around the $2,615-2,614 zone.
Overall, the XAU/USD is expected to move in a bullish direction, with a potential upside target of $2,700. But, as always, it's essential to keep an eye on the market and adjust your strategy accordingly.
Some key factors to watch out for include the release of the US Nonfarm Payrolls report, which could impact the gold price, as well as the overall sentiment in the market. The gold-to-silver ratio is also an important indicator to keep an eye on, as it can provide insights into the relative strength of gold versus silver .
So, to sum it up, the XAU/USD is looking bullish right now, but it's crucial to stay informed and adapt to any changes in the market.
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Can the gold bull trend continue?
After hitting a high of $2,736, the gold price started a significant downtrend and fell back to a low of $2,537. The key retracement levels for this decline are 0.236 ($2,597), 0.382 ($2,634), 0.5 ($2,663) and 0.618 ($2,693). The price is currently trading around $2,678, which is close to the key 0.618 retracement level, indicating that this is a strong resistance area.
Secondly, the market has formed a symmetrical triangle pattern. The blue trend lines mark the upper downward pressure line and the lower support line, respectively, showing that the range of market fluctuations is gradually narrowing. This indicates that the current market is in a consolidation phase and may experience larger fluctuations after the breakthrough direction becomes clear.
From the previous trend, we can see that the price experienced two large rebounds and encountered resistance at $2,718 and $2,719 respectively. These points became key short-term highs. However, after several failed breakout attempts, the market returned to a consolidation range, indicating that bulls and bears have not yet reached a consensus.
In addition, the green shaded area shows a slowly upward channel pattern with lower support near $2,597 and upper resistance near $2,665. This further strengthens the volatile nature of the market in the short term.
Overall, the gold market is currently at a critical position. If the price can effectively break through the upper triangle pressure line (about US$2,710), it may trigger stronger upward momentum and challenge the previous high area. If it falls below the lower channel support (about US$2,590), it may further test lower support levels.
In terms of short-term operations, it is recommended that gold try to short at the top of the triangle convergence, 2686-2693 area, and arrange short positions. If it can retreat to below 2660, it will indicate the end of this wave of rise.
Long order strategy
On the long side, it is recommended to participate in low longs when the support level falls back to 2663-2666 area.
Gold price up on safe-haven buying amid U.K. budget woesGold and silver prices are higher in early U.S. trading Thursday, on some fresh safe-haven demand due to a budget crisis in the U.K. that may spread. February gold was last up $18.10 at $2,690.50 and March silver was up $0.36 at $31.05. U.K. financial markets tumbled overnight on growing worries over the government’s budget deficit, with the British pound hitting the lowest level in more than a year against the U.S. dollar. The 10-year U.K. gilt yield jumped to 4.92% and the FTSE 250 Index dropped for a third day in a row. This situation is being closely watched by the global marketplace, which is worried about a ..
XAU/USD 08 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
Price did not meet yesterday's intraday expectation targeting weak internal low, by printing a bullish iBOS.
Price has printed a bearish CHoCH indicating, but not confirming bullish pullback phase initiation.
We are now trading within an established internal range.
Intraday Expectation:
Technically, price to trade down to discount of 50% internal EQ or M15 demand zone before targeting weak internal high, priced at 2,664.330.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD: One last pullback possible, but bullish long term.Gold is neutral on its 1D technical outlook (RSI = 51.979, MACD = -4.490, ADX = 14.647) as once more it got rejected on the 1D MA50, struggling to close a 1D candle over it since December 12th 2024. Technically though, it is on a slow rise on the bottom of the Channel Up, potentially a bottom formation like June 2024. Even though one last pullback like June 26th 2024 is possible, the long term trend remains bullish as long as the 1D MA200 holds. As the July rally did, we aim for a little under the 2.0 Fibonacci extension (TP = 2,850).
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Gold bulls win?
At present, the daily price of gold is in an obvious triangle convergence range, and the price is constantly approaching the breakthrough point. From the trend, it can be seen that the recent price fluctuations fluctuate around a wedge area formed by an upward trend line and a downward trend line, and the price is currently running near a higher position, close to the key resistance level.
From the recent wave of sharp declines (high $2790 to low $2537), the price has tested the Fibonacci key retracement level many times. Among them, the 0.5 ($2663.94) and 0.618 ($2693) levels have become the current important resistance levels, and the gold price is testing its breakthrough possibility.
Previously, the price experienced a long period of box consolidation ($2584 to $2644), and then gradually broke through the upper edge of the box and continued the upward trend. The current price is approaching the upper track of the wedge again (near $2719), indicating that there may be upward momentum in the short term. If the price successfully breaks through the upper rail, it may launch an attack on the previous high ($2790), or even open up more upside space.
If the price encounters resistance and falls back near the upper rail of the wedge, it may retest the lower support area ($2615 or $2584). The lower trend line and the Fibonacci 0.382 level ($2634) will also play an important supporting role. Once it falls below, it may trigger a deeper correction.
Strategy Recommendation
It is currently recommended to pay attention to the price breakthrough of the $2660-$2690 range. If it breaks up, you can consider following up with long orders and set the target at $2719; if it fails to break through, you need to be alert to downside risks. In the short term, you can look for turning point selling opportunities near $2660-2650.
In general, gold faces directional choices in the short term, and investors need to operate cautiously in combination with technical patterns and market dynamics.
GOLD in 2025. The Main Fundamental Trigger Explained
Many of you asked me to provide long-term analysis for Gold
and my predictions for 2025.
Gold remains in a strong bull run since 2019.
The first trigger for a massive bullish rally was Covid .
The end of lockdowns made Gold finally stop the rally.
The second strong bull run was triggered by the initiation of a "Special Military Operation" in Ukraine by Russia in 2022.
The rally become even stronger with the third bullish wave being caused by the start of Israeli Palestinian conflict.
The main drivers that push Gold prices up are the wars, complete uncertainty and the expectations of further escalations.
However, the US elections and promises of Trump to stop the wars and bring peace made Gold stop growing and initiate quite a remarkable bearish rally in November.
Now the market awaits if Trump will manage to deliver his campaign promises .
If his administration finds a way to stop conflicts in Ukraine and Gaza, Gold will start falling to lower structure levels.
Failure of Trump to bring peace and the escalation of geopolitical tensions in contrary will trigger another bullish rally to new all-time highs.
Pay attention to the actions of Trump after the inauguration and let's hope for the best!
❤️Please, support my work with like, thank you!❤️
XAU/USD 07 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
Price has been printing erratically by printing a bullish iBOS (which was against internal bearish bias) quickly followed by bearish iBOS which met yesterday's intraday expectation analysis.
Price has printed a bullish CHoCH indicating, but not confirming bullish pullback phase initiation.
We are now trading within an established internal range.
Intraday Expectation:
Price is showing reaction at M15 supply zone. Strong internal high is expected to hold. Technically price should target weak internal low priced at 2,614.635.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAU/USD "Gold USD Mines" Metal Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "Gold USD Mines" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point.
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 2700.00 (or) escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
Based on the fundamental analysis, I would conclude that the XAU/USD (Gold/US Dollar) pair is : Bullish
Reasons:
Increasing demand for gold: Gold is often seen as a safe-haven asset, and investors may seek to buy gold as a hedge against economic uncertainty, inflation, or market volatility.
Central bank buying: Central banks have been buying gold as a reserve asset, which could support prices and increase demand.
Limited supply of gold: The supply of gold is limited, and mining production is not expected to keep pace with growing demand, which could lead to a shortage and drive up prices.
Weakening US dollar: The US dollar has been weakening against other major currencies, which could make gold more attractive to investors and drive up prices.
Inflation concerns: Inflation concerns are rising, and gold is often seen as a hedge against inflation, which could drive up demand and prices.
However, it's essential to consider the following risks:
Global economic slowdown: A slowdown in global economic growth could reduce demand for gold and drive down prices.
Interest rate hikes: Interest rate hikes by the Federal Reserve could strengthen the US dollar and reduce demand for gold.
Regulatory changes: Changes in regulations or laws affecting the gold market could impact prices and demand.
Bullish Scenario:
Increasing demand for gold, central bank buying, and limited supply drive up prices
Weakening US dollar and inflation concerns support the bullish case
Market Sentiment:
Bullish sentiment: 80%
Bearish sentiment: 20%
Neutral sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
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Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Gold price is weak on the rise
Gold price has made a significant correction from the recent high and is currently fluctuating between the key levels of Fibonacci retracement. The key levels of price correction from the previous high to the low include: 23.6% ($2617.15), 38.2% ($2638.02), 50% ($2654.88) and 61.8% ($2671.74). The price is currently hovering around the 38.2% level and showing some signs of support.
After a period of decline, the price hit a low on January 19 and then rebounded, and then formed a symmetrical triangle consolidation structure. After the breakthrough, the price entered the rising channel but showed some correction pressure in recent days.
From the short-term trend, despite the current correction, the overall upward trend has not been broken. Combined with the previous trend, the market may try to test the 50% Fibonacci retracement level ($2654.88) or even higher resistance again after stabilizing in the current support range (around $2638). But if the market continues to fall, the lower side will fall back to the previous wide adjustment range.
Long trading suggestions:
Aggressive strategy: You can try long orders near $2,638, and set the stop loss below the key support ($2,617).
Conservative strategy: Wait for the price to break through $2,655 to confirm the continuation of long positions, and the target can be seen at $2,672.
Short trading suggestions:
Aggressive strategy: You can try short orders near $2,654, and set the stop loss above the key resistance ($2,671).
Conservative strategy: Wait for the price to break through $2,630 to confirm the continuation of short positions, and the target can be seen at $2,617.
At the same time, it is necessary to pay close attention to the impact of fundamental factors on gold prices, such as changes in the US dollar index and global macroeconomic data.
GOLD (XAUUSD): Bullish Outlook For Next Week Explained
Gold formed a strong bullish pattern on a daily - a cup & handle.
A breakout of its horizontal neckline is an accurate bullish signal.
With a high probability, the market will continue rising next week.
Next resistances - 2674 / 2716
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