Gold H4 (Wave Analysis) - UpdateGold H4 (Wave Analysis) - Update
We are in wave e from wave 4
SEE THE CHART
USCGC trade ideas
GOLD Trading Opportunity! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2669.3 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2680.6
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Sell order engaged / quick updateTechnical analysis / quick update: Ranged Price-action came as no Technical surprise as Price-action remains in Rectangle on a combination of Fundamental pressure and Technical necessity for a Higher High’s Lower zone extension. It is closely related to currency Volatility on DX (and the economy related Fed’s hawkish stance) as the Price-action in near equilibrium with DX (# +0.39%) / Gold (# +0.44%) also on Weekly scale and even if the pair completes it’s Bearish Flag pattern, Gold should not Technically soar above #2,692.80 Top of Resistance zone. On the Short-term side, there is an clear Resistance and Support zone, limiting Sellers advances to it’s maximum thru Fundamental side.
My position: I have engaged Selling order on #2,680.80 / optimal Target remains #2,662.80 Support in extension. If #2,676.80 gets invalidated, development alone will add credence to Sellers.
GOLD → Testing Key Resistance with Potential to Reach 2726-2790OANDA:XAUUSD currently testing an important resistance level from which we can expect the price to continue rising to key levels such as 2726-2790. Technically, gold has entered the buying zone and the fundamental context supports it.
Gold is supported by weak US inflation data, moderate Fed expectations, hopes for Chinese stimulus measures, and fading concerns about President-elect Trump's disruptive trade tariffs which have supported the risk-on sentiment prevailing in markets, causing the US dollar to decline sharply.
Focus shifts to other economic data releases from the US, including December Retail Sales and Weekly Unemployment Claims, which will provide more clarity on the Fed's interest rate trajectory after January. Markets have fully priced in a rate pause at the Fed's policy meeting later this month. Gold prices will also remain dependent on any speculation surrounding Trump's tariff plans.
Technically, all eyes are now on the resistance zone at 2697-2700. If gold can consolidate above this area, buyers will quickly enter the medium and long-term playing field. But don't forget about the upcoming news releases.
Best regards, Bentradegold!
GoldXAUUSD ( Gold / U.S Dollar )
Fibonacci Level - 50.00% / 61.80%
Change of Characteristics
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
XAUUSD H1 | Bearish Fall off?Based on the H1 chart the price is approaching our sell entry level at 2,681.62, which is a pullback resistance near the 61.8% Fibonacci retracement. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 2,665.01, just above the recent swing low, marking a significant support level.
The stop loss is set at 2,697.95, a swing high resistance zone, providing room for price fluctuations while protecting against invalidation of the bearish setup.
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BOXS FOCUSThis chart is an analysis of the XAUUSD (Gold vs. USD) price movement on what appears to be a higher timeframe (likely 1H or 4H). The main components include:
1. Highlighted Zones:
Red Zone (Sell Zone): Indicates a supply/resistance area where sellers might be active. The price is testing this area, signaling potential bearish movement or rejection.
Green Zones (Buy Zones): Represent demand/support levels where buyers might step in to push prices higher.
2. Price Action: The price has been in a strong upward trend, creating higher highs and higher lows. It's now consolidating near the resistance area.
3. Risk/Reward Zones:
The green area below suggests a take-profit level or where price could retrace for buying opportunities.
The stop-loss is likely set above the red zone, indicating a safe exit if resistance is broken.
4. Time Annotations: Vertical dotted lines represent time intervals (possibly daily separations), allowing tracking of key session changes.
5. Context: The overall setup suggests monitoring the behavior near the resistance for rejection or a breakout. A sell could be initiated if bearish confirmation occurs, targeting the green zones below.
Let me know if you need further breakdown or adjustments to this description!
Closing my Selling orders / #111 Profits rowAs discussed throughout my morning's session commentary: "My position: Regardless of the Bull trend, I do believe that correction is due and #2,652.80 benchmark test is once again my Short-term Target. As stated above, NFP numbers will reveal where Price-action is headed next as I do expect upside surprise on NFP however not so strong / I will Trade the news. I do believe that #2,700.80 benchmark test is impossible without downside surprise on NFP however NFP or not, I do believe that correction is ahead and once #2,672.80 gets invalidated, Gold may deliver #30 - #40 point decline."
I have closed my first pre-NFP Selling order (#2,680.80 - #2,664.80) as I expected upside announcement on NFP numbers and second re-Sell order on #2,671.80, closed on #2,665.80 both delivering #22-point Profit, in total of #111 Profits and #22 Stop-loss hits regarding December #2023 - January #2025 Year.
My position: I have expected even stronger decline on Gold however Fundamental side (even though NFP delivered upside numbers) is delivering Bullish sustainability and keeping Short-term Bullish bias alive. I do expect that to remain Short-lived however I will not engage more regarding today's session with my capital ready for next week's Trading opportunities.
Gold Uptrend Momentum About to End Gold has been in a strong uptrend, making higher highs and higher lows since mid-2023.Recent Consolidation After a significant upward movement, the price seems to be consolidating near the $2,692 level. Consider entering short near the $2,692 / $2,700 / $2750 level if there is strong resistance and signs of rejection. Will a target at the next key support levels as target $2,500 / $2,400 / $2200.
Gold on high time frame
"When looking at Gold on the high timeframe, the price has been fluctuating between the $2600 and $2750 zones consistently. Valid Order Blocks (OB), inducements, and other patterns are observable on the chart. I predict that the price will finish its pullback to the mentioned zones. It's advisable to monitor candle formations closely for a good buying opportunity."
#XAUUSD 1DAYXAUUSD (1D Timeframe) Analysis
Market Structure:
The price is currently approaching a descending trendline resistance, which has consistently limited upward movement in the past. This suggests that the trendline may act as a barrier again, potentially leading to a reversal.
Forecast:
A sell opportunity is expected if the price respects the trendline resistance and shows signs of rejection, signaling a possible move to the downside.
Key Levels to Watch:
Entry Zone: Near the trendline resistance after confirmation of rejection.
Risk Management:
Stop Loss: Placed above the trendline resistance or the recent swing high to manage risk.
Take Profit: Target the next support levels or Fibonacci retracement areas for potential downside objectives.
Market Sentiment:
Bearish sentiment is likely to dominate as long as the price remains below the trendline resistance, maintaining a downward bias in the short term. Proper confirmation is recommended before entering the trade.
NFP on main stage / correction might be aheadAs discussed throughout my yesterday's session commentary: "Technical analysis: #2,665.80 - #2,672.80 represents new / old Resistance and by my calculation chances for breaking it again without new news are Technically really impossible (too far fetched and without catalyst to take the Price-action towards those / current High’s). Investor’s strategy was clear where Gold was expected to Trade on huge gains, heavily pressured on speculations fuelled by current Fed aftermath. If I accept the similarities on past events, then I am looking for a reversal towards #2,652.80 benchmark again but not before a red Weekly candle (occurring at the moment). The Short-term Bearish bias (much needed correction ahead) calls for strong consolidation. Less Volatility on Hourly 4 chart guarantees clear direction on the next Daily candle (possibly mixed values regarding the trend #50% / #50%, as absence of further news and speculations may engage the steep correction on Gold). Day Traders have no other alternative with such distorted indicators than to look at (#30m) Bollinger bands which give. As stated ahead and announcing current strength of Gold throughout my yesterday's session commentary, I will not turn to Selling as Gold is now Overbought. If however #2,672.80 gets invalidated to the upside and market closes above, Bullish Short-term bias is restored."
Technical analysis: Bullish Gap was filled nicely throughout yesterday’s session and as the result you witnessed strong Buying pressure on Gold. Eminent recovery candles on DX are still keeping Gold way above its fair value and merely ranged within #2,672.80 - #2,682.80 Higher High's (High's / Low's) belt. Both Hourly 1 and 4 chart’s are Bullish due to this consolidation but since Daily chart is Trading slightly above it’s pivot point, I was staying with the dominant Medium-term trend which remains aggressively Bullish. It is important to note that for Bullish Medium-term sustainability, it is crucial to close the week above the #2,700.80 level (posing as an strong benchmark lately) which can be possible only with NFP downside surprise. As expected the Price-action reached the Top of the accumulation zone as I was again operating with Buying orders, aiming for at least for #2,682.80 local High’s (Top of the current Daily chart’s configuration).
My position: Regardless of the Bull trend, I do believe that correction is due and #2,652.80 benchmark test is once again my Short-term Target. As stated above, NFP numbers will reveal where Price-action is headed next as I do expect upside surprise on NFP however not so strong / I will Trade the news. I do believe that #2,700.80 benchmark test is impossible without downside surprise on NFP however NFP or not, I do believe that correction is ahead and once #2,672.80 gets invalidated, Gold may deliver #30 - #40 point decline.
Analysis of gold review in simple languageHello guys
We came with gold analysis.
We have two scenarios:
1_ According to the upward trend, let the price reach the resistance range and maintain the range from there to open a sell transaction.
2- Let the price reach the support range and open the purchase transaction while maintaining the range.
In our opinion, the first scenario is more tolerant.
*Trade safely with us*
GOLD hits 4-week high, eyes on NFP and Trump inaugurationOANDA:XAUUSD hit a near four-week high, although minutes from the Federal Reserve's meeting suggested it could take a more hawkish stance as inflationary pressures continue to mount.
As of the time of writing, spot gold is currently trading at around 2,659.78 USD/ounce. It rose to yesterday's high of $2,670.01, its highest since December 13.
It's worth noting that the previously released December private jobs report was weaker than expected, giving the market some confidence that the Federal Reserve may not be too cautious in cutting interest rates this year. .
ADP's national jobs report showed the U.S. economy added 122,000 private-sector jobs last month, while economists had expected a gain of 140,000.
A separate report from the Labor Department showed 201,000 people filed for unemployment benefits last week, below expectations of 218,000.
The more important factor is the US nonfarm payrolls data released on Friday, which is expected to change 163,000 jobs; Any data significantly higher than this number will have a negative impact on gold.
Markets will now be fully focused on the US Nonfarm Payrolls Data and Donald Trump's January 20 inauguration, where they expect Trump to announce a series of policy initiatives.
Minutes from the Fed's Dec. 17-18 meeting showed that officials expect inflation to ease this year but acknowledged the risk of continued price pressures, especially as they assess the potential impact from Trump's policy.
Trump's proposed tariffs could fuel inflation in the US, complicate the Federal Reserve's ability to cut interest rates and could pressure gold prices.
However, Fed Governor Christopher Waller said inflation will continue to decline in 2025 and allow the central bank to lower interest rates further, albeit at an uncertain pace.
Gold is considered an inflation hedge, but high interest rates have reduced the appeal of this non-returning asset, and in contrast to a low interest rate environment, gold will be the top choice.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is still temporarily limited by the 0.50% Fibonacci retracement level, although yesterday's trading day there were times when it briefly jumped above this level.
However, overall, the trend is still neutral with price movements gradually moving towards the top of the purple price triangle.
However, with the current position, gold has conditions to increase in price with support from EMA21, POC Volume profile and the 0.618% Fibonacci retracement level. In the event that gold breaks the $2,664 level it is likely to increase further with a target then around $2,693 in the short term, a 0.382% Fibonacci retracement point.
During the day, neutral bias with bullish positioning conditions will be brought into focus again by the following technical levels.
Support: 2,634 – 2,640USD
Resistance: 2,664 – 2,693USD
SELL XAUUSD PRICE 2683 - 2681⚡️
↠↠ Stoploss 2687
→Take Profit 1 2676
↨
→Take Profit 2 2671
BUY XAUUSD PRICE 2637 - 2639⚡️
↠↠ Stoploss 2533
→Take Profit 1 2644
↨
→Take Profit 2 2649
Gold 2800?Looking ahead, the charts reveal an interesting pattern: dips in the price are consistently met with strong buying interest, with bulls firmly reclaiming control during these moments.
As the saying goes, "go with the flow." Observing this behavior, I've adjusted my strategy to align with the market sentiment. I now favor buying on dips, aiming for a potential move above the 2800 level.
GOLD Resistance Ahead!TVC:GOLD keeps growing
Locally but a strong horizontal
Resistance is ahead at 2714.79
So after the retest we will
Be expecting a local
Bearish pullback !
gold needs to retest the lower support first before go up!Next week there is a significant chance that gold may retrace the level of 2658 to 2668 first than go up it is very strong theory that lets grab the liquidity of down side first than go up.
Monday opening will decide the direction of gold.
Bearish Gold trade idea over next few daysGold to hit 50% level of that bigger bearish channel
Seems like bullish movement is about to end
GOLD KEY LEVELS TO WATCHHello Traders, I hope you're having a fantastic trading week so far! Let’s dive into the current setup on Gold, as it's presenting an exciting trading opportunity.
H4 Chart: Price Action Reversal with Key Fibonacci Levels
Overview: On the 4-hour chart, we observe a price action reversal pattern aligning with a 200% Fibonacci extension. The price has recently formed a higher low after completing an impulsive move.
Market Structure: As long as the price remains below the previous higher high (HH), we anticipate the formation of a lower high (LH).
Key Entry Level (EL): The price is trading below the EL, reinforcing bearish potential.
Target: The 100% Fibonacci extension serves as the initial key target, aligning with the ABC pattern’s symmetrical swing.
H1 Chart: Bearish Gartley Harmonic Pattern
Overview: The 1-hour chart showcases a Gartley bearish pattern, nearing the Potential Reversal Zone (PRZ).
False Breakout: There is a clear false breakout above the EL, indicating possible exhaustion of buyers at this level.
Key Levels:
PRZ: Acts as a strong confluence zone for a potential short opportunity.
Target: The first bearish target aligns with the subconfluent low (H4) and the ABC extension target from the higher timeframe.
Trading Plan
Monitor Price Action During U.S.
Trading Hours:
Focus on key reactions at the PRZ and any bearish reversal signals (e.g., engulfing candles, 3-candle reversal).
Bearish Case:
A rejection at the PRZ and a sustained move below the EL could confirm bearish continuation.
Bullish Invalidity:
If the price closes significantly above the EL, this would invalidate the bearish setup and indicate continued upward momentum.
Final Notes:
We’ll keep an eye on the movement and provide any updates as the price unfolds. Let the pips be with you—stay tuned for the outcome!
HelenP. I Gold will correct and then continue rise in channelHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded from support 1 and then dropped to the trend line, thereby breaking support 2, which coincided with the support zone. After this, the price started to grow inside the upward channel, where it soon broke support 2 one more time but later made a correction back to the trend line. Some time later Gold finally broke support 2 and then made a retest, after which some time traded near this level and even made a fake breakout of it with a trend line. After this, the price backed up to the channel and continued to grow and later reached support 1, which coincided with the resistance zone and broke this level. Gold rose to the resistance line of the channel and then made a correction movement to the trend line (support line of the channel) and then quickly backed up to the resistance zone. At the moment, the price continues to trades in this area and I think that XAUUSD will make a correction below the support level and then continue to grow inside the upward channel. For this case, I set my goal at 2670 points. If you like my analytics you may support me with your like/comment ❤️
DOUBLE TOP at 2698 after NFP Jan 2025GOLD have a rejection after January 2025 NFP bull's rally at 2680.
It means, price action give a sign that next week, most likely there will be a correction / retracement.
GOLD - one n single area, holds or not??#GOLD.. perfect move as per our video and last idea analysis and now guys we have immediate supporting area 2673 74
keep close that level because that is our immediate area now and if market holds that then we can see further rise in gold price.
keep close guys and keep in mind that that will be our area that can change in cut n reverse on confirmation.
good luck
trade wisely
XAUUSD Top-down analysisHello 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.
