Uranium is Ready to begin its Easy PhaseUranium has been correcting and frustrating traders for 14 months. The sentiment levels should be reset now after correcting and the easy money phase of maybe a year is near.
#gold#commodities
XAUUSD - Potential buy incomingBased on the technical analysis of the Gold spot price against the US Dollar, we're observing an interesting setup. The price has recently shown strong bullish momentum, reaching levels around $2,940 before experiencing a pullback. There's a significant support zone highlighted by the orange box around the $2,860 level, which appears to be a crucial area to watch.
If this support zone holds and the price maintains above the orange box, we could expect a continuation of the bullish trend. The recent price action suggests there's still buying pressure in the market, and as long as the support at $2,860 remains unbroken, the path of least resistance appears to be to the upside.
The technical structure shows a series of higher lows and higher highs before the recent pullback, which is typically indicative of a healthy uptrend. A bounce from the current support level could potentially lead to a test of the recent highs and possibly beyond.
However, traders should remain cautious and monitor the price action around this support zone, as a break below it could invalidate this bullish scenario. Risk management is crucial, and any trading decisions should be made with appropriate stop-loss levels in place.
Levels to watch In my earlier post, I mentioned that gold still has potential for upside, with $3000 being a possible target or a sign of FOMO. I’m not planning to sell into strength, but instead, I’ll wait for a close below $2800 before adding shorts, with a stop at the highs and a target closer to $2050.
XAUUSD - 4hr | Rising WedgeSimple Trading: Rising Wedge Pattern
GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
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🔥 Happy Monday, everyone! 🔥
🎄The Christmas week is about to begin🎄 I’ll keep posting but will take a break from live sessions.
❤️ I wish you all a 🎄 Merry Christmas 🎄 – spend it with your loved ones and recharge your energy.
And remember: don’t throw away all the hard work you’ve done so far! Avoid being influenced by a market that, due to the year-end closure and the holidays, might be unreliable.
| GOLD ANALYSIS |
Short-term structures for our colleague Gold remain bearish.
I’ll stay short from interesting levels.
The long-term macro perspective is still bullish, but there are currently no conditions to consider significant re-entries.
Potential levels are lower, so the key areas I’ll focus on are as follows: .
As usual, we’ll meet live at 2:30 PM. I avoid trading during the Asian and London sessions, preferring to wait for the 2:30 PM news and the New York open.
In the meantime, I wish you a great day.
We’ll continue sharing analyses and holding live sessions on TradingView.
For any questions, doubts, or requests, feel free to comment or message me!
I’ll be happy to reply.
- HAPPY TRADING
- MANAGE YOUR RISK
- BE PATIENT
GOLD - BEARISH DOUBLE TOPHello Traders !
The Gold price failed to create a new higher high !
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
______________
TARGET: 2564.000🎯
GOLD: Pullback in short term?Hi Traders!
From a technical point of view, Gold is approaching an interesting resistance area on intraday chart, if Gold wants to trigger a pullback with ABC Pattern for example, it should start doing so from this area, let's see how the last weekly session will continue. That said, the trend is bullish on the 1H chart, but if weakness appears, it might be interesting to follow the swing.
Thanks for watching!
GOLD AIMS HIGHERAfter a significant sell-off, we managed to find support at the 50% channel retracement, within the ascending channel, at the trendline, and in the golden pocket. I’m expecting a nice move up from here if this level holds
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GOLD: Trend is still bullish on intraday chartHi Traders!
Gold futures are up 0.6% at $2,793.50 a troy ounce after hitting a fresh record of $2,801.70 an ounce earlier in the session. The new high reflects safe-haven demand, boosted by uncertainty around the U.S. election, says Vivek Dhar, analyst at Commonwealth Bank of Australia. The growing likelihood of a Trump presidency has likely played a role too. Former President Trump's plans raise the risk of policy disruption, geopolitical tensions and a higher U.S. debt profile, Dhar says in a research report. These have further boosted gold's appeal as a safe-haven asset. CBA expects gold to average $2,800 an ounce throughout the fourth quarter of 2024. It expects gold to rise to average $3,000 an ounce by the fourth quarter of 2025.
From a technical point of view, during yesterday's session Gold reached our TARGET 1 (see chart/analysis below), at the same time, the trend seems to remain bullish, and after a corrective structure on intraday chart, Gold could reach the 2,800 area also on the spot market.
🔴 ANALYSIS TARGET 1
(click and play on chart below)
Thanks for watching.
Gold vs Commodities: Monitoring Relative Strength in Hard AssetsIntroduction:
The commodity sector spans various areas, including energy, agriculture, livestock, and metals. However, focusing on the most promising areas can lead to more effective investment strategies. One key ratio to monitor is gold AMEX:GLD versus a broader commodities basket (DBC). This ratio is especially relevant for those interested in hard assets, as it highlights where strength lies in the commodity space. Currently, this ratio favors gold as the stronger performer.
Analysis:
Relative Strength: The GLD-to-DBC ratio offers critical insights into the relative performance of gold versus other commodities. Gold has been outperforming the broader commodity basket, indicating its resilience as a hard asset.
Technical Pattern: Earlier this year, the ratio broke out of a rounding bottom pattern, signaling a bullish trend in favor of gold. Even before this breakout, the trend was clear through a series of higher highs and higher lows, reinforcing the strength of gold relative to other commodities.
Gold’s Performance: Gold remains near its all-time highs, while other commodities continue to lag behind. This highlights gold’s resilience in the face of broader market uncertainties.
Conclusion:
Gold’s resilience compared to other commodities makes it a standout performer in the current market environment. The recent breakout in the GLD-to-DBC ratio and the continued pattern of higher highs and higher lows support the bullish case for gold. Traders focused on hard assets should monitor this ratio closely to gauge potential shifts in strength. What’s your outlook on gold versus other commodities? Share your insights below!
Charts: (Include relevant charts showing the GLD-to-DBC ratio, the rounding bottom pattern, and the higher highs and higher lows trend)
Tags: #Gold #Commodities #HardAssets #GLD #DBC #TechnicalAnalysis
XAUUSD Turned bullish again.Gold / XAUUSD continues to trade inside June's Channel Up.
Its recent bearish leg has managed to find support on the 0.382 Fib and rebounded, closing today its 2nd straight green 1day candle.
This is the start of the new bullish leg and the minimum rise such a leg had inside the pattern was +7.55%.
With that in mind, buy and target 2800 by mid November.
Previous chart:
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XAUUSD Strong buy at the bottom of the Channel.Gold is trading inside a Channel Up since July.
Breaking below the MA50 (4h) set in motion the bearish wave correction but since yesterday it managed to find support exactly at the bottom of the Channel Up.
The MA200 (4h) is right below and has been the key support since July.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2800 (+7.60% from the bottom, same with the two bullish waves of the Channel Up).
Tips:
1. The RSI (1d) is rebounding today and that has been a strong buy signal on another three occasions inside the Channel Up.
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Could Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,645.64
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,660.75
Why we like it:
There is an overlap resistance level that lines up with the 88% Fibonacci retracement.
Take profit: 2,652.48
Why we like it:
There is a pullback support level.
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We Could See Stocks Pullback Again Before The Full SendTraders,
The title says it all. Let's take a look at why another pullback could be in the cards.
GOLD Buy IdeaOANDA:XAUUSD has been in uptrend in midst of US Fed rate cut hopes. Currently, It's retesting ascending trendline where we can look for long term buying opportunities.
$GLD short term top? Buy the dip at $177 or lower?AMEX:GLD looks like it's putting in a top here. While I do think commodities have started longer term bull trends, I think if we see a big move down in risk assets, commodities won't escape the bearish move.
I think it's likely that we reverse from this level and find support somewhere between $177-169 region.
However, I'm not ruling out the possibility of a larger move down. Supports on the charts.
After we see a major correction, I'll look for long-term entries as I think that move down will start the next bull run.
Bitcoin to $100kIn October 2025, I think Bitcoin will hit $100k before retracing back to around the $60k mark (previous highs become new resistance).
Over the last few cycles, we can see a pattern form -- highlighted by the coloring of the squares that make up each period in the cycle. There are three such periods.
The purple box is the draw-down from the previous high a.k.a. the fear cycle. The yellow box is mid-cycle, where buying pressure starts building and we have several large shorter-term retracements. The green box is the greed cycle -- when everyone and your grandma wants in.
We're still in the yellow, which means there's a strong possibility of returning to the $50k or even $40k levels in the shorter term.
I predict the top of this bull run will be somewhere between mid-October to mid-November 2025, which means there is still plenty of time to keep buying.
Good luck!
Buy GoldGold is an uptrend on the 4h timeframe.
Its next target is into the upper range of the channel at area 2500-2600
Silver En-Route to $34-$36🚀Silver is moving REALLY SMOOTH & easy to understand in terms of market structure. We saw market create its first impulse move to the upside in October 2022 (similar to Gold), which was then followed by a downside correction from January this year.
Silver didn't go below its last major low & last week created a bullish engulfing candle on the weekly TF, showing its huge bullish momentum. Silver en route to $36🚀
GOLD - BEARISH MOVE 📉Hello Traders !
As We Talked in The Previous Analysis, The XAUUSD Formed a Descending Triangle.
The Price Broke The Support Level (2013.702 - 2021.000).
This Key Level Becomes a New Resistance Level.
So, I Expect a Bearish Move📉.
I'm Waiting For Retest...
________
TARGET: 1983.000🎯
GOLD - Bearish Triple TOP 📉
As We Talked in The Previous Analysis:
The XAUUSD Formed a Descending Triangle.
The Price Broke The Support Level (2013.702 - 2021.000).
This Key Level Becomes a New Resistance Level.
Currently,
The Price Pull Back to Important Structure
and Formed a Triple TOP Pattern.
________
TARGET: 1983.000🎯
$XAUUSD s breaking lower OANDA:XAUUSD breakout below the short-term rising trendline is calling for a deeper pullback to 1960 and below
GOLD TO 1945$Gold is going to test 1946 level this month.
After test we will review price movements.
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