XAUUSD ANALYSIS💸GOLD 💸
Chart : 4Hour
Overall Trend : Bullish
Current Market Structure : Downtrend
Scenario 1 :
We can look at short term selling opportunities to the next demand area at 2560 .
GOLD trade ideas
XAUUUSD Trading Idea 24/12/2024Please watch video for clear explanation about my personal trading idea for today
Gold is experiencing a massive sell-off, today's market analysisGold fluctuates in a wide range. The hourly chart forms a converging triangle. Pay attention to the range of 2603-2630 to buy low and sell high. The market will be closed early today on Christmas Eve and will be closed all day tomorrow.
Gold bulls are powerless, and the main market is still under the control of bears. The gold 1-hour chart hit 2633 twice and was blocked. Then the short-term gold has formed a double top. Gold may fall further. The gold moving average resistance now moves down to around 2632!
First support: 2608, second support: 2600, third support: 2588
First resistance: 2620, second resistance: 2632, third resistance: 2646
Trading strategy:
BUY: 2603-2601
SELL: 2628-2630
Analysis "XAU/USD is trading near a critical resistance zone at 2610. A clear rejection at this level and a break below the highlighted support zone could indicate bearish momentum, with a potential target around 2583. Traders are advised to watch for confirmations such as strong bearish candlesticks or increased selling volume before entering short positions. Always manage risk appropriately."
Gold end of DecGold remains under selling pressure, and I'm looking for a sell setup targeting the 2600–2606 region. Potential sell zones are at 24 and 30. Avoid going all-in at 24; instead, manage your risk carefully as the SL is set at 36. There are two levels available for entry here, so plan your positions accordingly.
GoldXAUUSD ( Gold / U.S Dollar )
Double Top
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20% / 50.00%
Completed " 123 " Impulsive Waves
World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly.
The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged.
“Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board.
Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire.
“The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week
XAUUSD BULLISHLooking at XAUUSD 4hour. I will only continue with this trade as long as the green key trendline holds. As we currently have a breakout, from the uptrend trendline in the expanding triangle. I am very much bullish for now.
GOLD → Short to Medium-Term OutlookDear Traders, Ben here!
Recently, gold has been struggling to sustain its peak at $2,633. The bullish momentum for gold has been hindered by several factors, including the Fed's anticipated slowdown in the pace of interest rate cuts moving forward.
On the 1H chart, although the uptrend remains supported and the parallel channel has been broken, there are signs of a potential top forming around $2,633. The current support level stands at approximately $2,618. Should this level be breached, it could drive gold into a deeper decline, potentially reaching $2,603.
#XAUUSDGold (XAU/USD) is currently trading at 2617, showcasing strength in the precious metals market. This price reflects heightened investor interest, possibly driven by geopolitical tensions, inflation concerns, or shifts in central bank policies. As a traditional safe-haven asset, gold often benefits during times of economic uncertainty or weakening fiat currencies.
A price level of 2617 suggests strong demand, with buyers possibly expecting further upside potential. Traders may also be watching key resistance and support levels closely, as well as macroeconomic indicators like U.S. dollar strength, bond yields, and global risk sentiment.
Gold’s performance at this level indicates its role as a hedge against inflation and a store of value in a volatile financial landscape. Future price movement will likely depend on central bank actions, especially the Federal Reserve, as well as any unexpected market shocks.
GOLD recovered quite strongly, falling after FOMCOn the Asian market today (Thursday, December 19), OANDA:XAUUSD Spot trading recovered strongly after a sharp decline in the previous trading day. Gold price reached its highest level at the time of writing at 2,618 USD/ounce, an increase of nearly 30 USD during the day.
The market will next receive US economic data, including final third-quarter GDP and weekly unemployment claims.
Market attention will then turn to Friday's release of the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, which will boost the U.S.'s copper performance. US Dollar and gold in the short term.
FOMC
On Wednesday, the Federal Reserve cut interest rates as expected and predicted less policy easing in 2025. Federal Reserve Chairman Powell said the threshold for the next rate cut could be higher, which sent the US Dollar and US Treasury yields soaring, while at the same time, Gold fell more than 2% to a one-month low in trading on Wednesday.
Federal Reserve officials cut interest rates for a third straight time on Wednesday, but lowered their forecast for the number of rate cuts next year, signaling they are increasingly cautious about being able to reduce spending. How quickly does the loan cost?
The Federal Open Market Committee (FOMC) voted 11-1 on Wednesday to lower the federal funds rate to a range of 4.25%-4.5%. Cleveland Fed President Beth Hammack voted against, in favor of keeping interest rates unchanged.
In the FOMC policy statement, Fed officials noted that economic activity continued to expand at a solid pace. Labor market conditions have generally eased since the beginning of this year, with the unemployment rate rising but remaining low. Inflation has made progress toward the committee's 2% target but remains high.
The new Dotplot chart shows some officials expect fewer interest rate cuts next year than they estimated just a few months ago. Fed officials currently expect the benchmark interest rate to be between 3.75% - 4% by the end of 2025, which, according to the median estimate, would mean two rate cuts of 25 points each. basic.
Jerome Powell
The Fed will cut interest rates only twice next year amid rising inflation, according to Fed Chairman Jerome Powell, a forecast consistent with Trump's wait-and-see approach when he returned to the White House in January.
Powell said Fed policymakers want to see more progress in reducing inflation when considering future rate-cutting strategies.
US federal funds rate futures have reflected that the Federal Reserve will leave its benchmark overnight interest rate unchanged at its policy meeting on January 28-29 next year.
Analysis of technical prospects for OANDA:XAUUSD
Thus, gold has enough conditions to decrease in price after falling below the 0.618% Fibonacci level and bringing price activity back below the EMA21 moving average, with a sudden impact from fundamental factors.
In the short term, although gold recovered from the 0.786% Fibonacci retracement level at $2,591, which was the bearish target noted by previous readers, it could still continue to decline further with a target around $2,538. . When the Relative Strength Index dropped below the 50 mark and was quite far from the oversold area, it showed that there is still plenty of room for price decline ahead.
During the day, gold price increases as long as they do not surpass the 0.618% Fibonacci level and EMA21 should only be considered short-term recovery.
Along with that, the downward trend in gold prices will be noticed again by the following technical levels.
Support: 2,591 – 2,552 – 2,538USD
Resistance: 2,624 – 2,634USD
SELL XAUUSD PRICE 2635 - 2633⚡️
↠↠ Stoploss 2639
→Take Profit 1 2628
↨
→Take Profit 2 2623
BUY XAUUSD PRICE 2549 - 2551⚡️
↠↠ Stoploss 2546
→Take Profit 1 2556
↨
→Take Profit 2 2561
Gold Price Today, December 24: Unexpected Reversal and DeclineHello everyone, Merry Christmas!
Let's update the gold price for today: Gold is currently at $2,616 per ounce, down by $16 from the highest point of $2,629 per ounce during yesterday’s trading session.
Gold is under pressure from the strengthening USD and rising U.S. bond yields, as investors await signals regarding the potential for U.S. interest rate cuts in 2025. In my view, the rate-cutting path may pause in January or March.
At the moment, the USD Index has risen by 0.4%, reaching 108.08 points, which has reduced gold’s appeal. U.S. bond yields have also increased to 4.58%, attracting capital into bonds and decreasing the flow of funds into the gold market. As a result, the gold price continues to decline today.
Looking at the technical chart, the EMA 89 has crossed below the EMA 34, indicating a clear downtrend. With resistance at $2,626, the price of gold has been pushed down to $2,610, and maintaining support at this level seems challenging. If there are no significant changes, the price is likely to break through the support and continue falling to the previous support level at $2,585. If this trend persists, gold could decline further and potentially break through the $2,585 support level.
Gold still preparing for it's macro shift to a new yearly candle
Weekly seems to be gravitating to lower levels, clear dealign range and we're sitting in the lower half of it. I predict with everything added coming into the yearly that the new candle will seek for imbalance correction below before finding it's high
Monthly showing clear imbalance zone still resting in the lower portion of September's candle. This is where I believe the new yearly candle will want to reach
check if I can ignore the bear flag2643 or 2652 untested resistance
2600 or 2594 support
there is an issue between long-term 2500 vs 2700
but I don't know which one to target for now
Gold Ready to Fall: Bearish Move Expected📉 Gold Bearish Short-Term Outlook
🔹 Price Targets:
🎯 Target 1: $2,610
🎯 Target 2: $2,586
🔹 Stop Loss: $2,646
📈 Why This Trade?
✅ Double Top Formation: A clear bearish reversal pattern suggests further downside movement.
✅ Strong U.S. Dollar: The strengthening dollar is putting pressure on gold prices.
✅ Rising Treasury Yields: The recent increase in U.S. Treasury yields makes gold less attractive compared to interest-bearing assets.
✅ Reduced Safe-Haven Demand: With easing geopolitical tensions, the demand for gold as a safe haven is weakening.
different between OB without inducement and OB with inducement different between OB without inducement and OB with inducement
XAUUSD potential sell-to-buy setupHere at Burnt Candle we are expecting the price of XAUUSD to rise, however, we would first like to see price drop before the push upwards.
2606 support and 2654 resistance2606 support and 2654 resistance
possible because Russia and Ukraine war continues
and escalate with new long-range weapon
GOLD // How can it reach the correction fibo 38.2?The daily short countertrend is valid, and the W/D/H4 timeframes are in sync, resulting in my bearish view.
As long as the daily impulse base is not broken by the buyers, there are two clean breakouts that may trigger the shorts and lead the price to the target zone.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
XAUUSD IDEASo, This is of course a Bat, and you will have to use the tools to find your TP AND SL
I hope its a sell off so we can buy at a respected level.
Keep in mind how strong bears can be so be vigilant when the time comes.,
Happy trading.
XAUUSD GOLDHi Traders
What's are you Thoughts On Gold
Gold Price will Show In Buy Side Based on Market Condition Traders.
In the Chart I will Show Two Sides once seems In Buy Side Target 2655 and after market will Down From there and Next in sell side Target 2600.
Lets Share Your Idea About Gold Thanks.
Explains how price interacts with Fibonacci areas and identifiesExplains how price interacts with Fibonacci areas and identifies potential price levels and trend directions.
Explains how price interacts with Fibonacci areas and identifies—— We look from another strategic perspective at different aspects of (development) of technical analysis, and the practical search for progress;
So what is useful!!!
We may touch on the (Fibonacci) tool and its definition in drawing the price trend, where the price chose the boundaries of the Fibonacci areas, where the first test was in the (0.80) degree measurement and in a second process, from the (0.75) measurement, after which it broke through and began building the new trend, where the price can expect to rise to $2720 and touch the descending inclined line and the resistance line,
From now on we are sure to learn about how to take the deal by following two possibilities, which is that the price can break the first inclined line, so we will wait and put more time, then we look for confirmation by the price passing to the second ascending inclined line, so at this stage it is considered that the price tested the ascending inclined line, several times, so we can say that we have achieved greater benefit in how to exploit the market and seize it
