GOLD ROUTE MAP UPDATEHey Everyone,
Same as yesterday we are still playing within the retracement range and consolidating before FOMC.
2628 weighted level is still holding support and remains open and failure to lock below with ema5 will see a bounce from this level. However, EMA5 cross and lock below this level and we are likely to see the swing range open.
We have FOMC release in 45 minutes so need to keep this in mind for the non organic movement that will need to settle down for the levels to start respecting.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Commodities
SILVER Will Explode! BUY!
My dear subscribers,
SILVER looks like it will make a good move, and here are the details:
The market is trading on 30.206 pivot level.
Bias - Bullish
My Stop Loss - 28.814
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 30.873
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GOLD FURTHER SELL OFF?! (UPDATE)Gold buyers are looking very weak towards the bottom part of this 'Flat Correction' channel. We've already seen a melt off of 950 PIPS since we got a Wave 2 rejection at $2,725.
This impulse move would count as 'Minor Wave 1' of the 'Major Wave 3' downwards trend. Any consolidation we see will be 'Minor Wave 2' correction. YOU WANT TO ENTER SELL POSITIONS on these wave 2 corrections, if you haven't already!
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD LONG UNTIL 2033Throughout history, gold has been recognized as a reliable store of value. It doesn't corrode, tarnish, or decay over time, making it an enduring asset. This stability makes gold an attractive option for preserving wealth across generations.
Hedge Against Inflation:
Gold has often been considered a hedge against inflation. When inflation erodes the purchasing power of fiat currencies, the value of gold tends to rise. Investors often turn to gold as a way to protect their wealth from the negative effects of inflation.
Portfolio Diversification:
Including gold in an investment portfolio can contribute to diversification. Its value tends to move differently than stocks and bonds, which can help reduce overall portfolio risk. Many investors view gold as a "safe haven" asset during times of economic uncertainty.
Global Acceptance:
Gold is universally recognized and accepted as a form of payment or exchange. Its value is understood across cultures and nations, making it a global medium of exchange. This acceptance can contribute to the stability and reliability of a gold-backed currency.
XAUUSD - gold waiting for the Federal Reserve meeting!Gold is below the EMA200 and EMA50 in the 1H time frame and is trading in its medium-term bearish channel. In the authentic failure of the support area, we can see the continuation of the gold decline and the demand zone. Within the zone of demand, we can buy with a suitable risk reward. If the resistance range is broken, you can sell in the supply zone.
The Federal Reserve’s monetary policy meeting is scheduled for today. According to a recent report by Crédit Agricole, it is expected that during the December meeting, the interest rate will be reduced by 0.25%, bringing it to a range of 4.25-4.50%.
While this rate cut has largely been priced into the market, the Fed’s monetary statement may carry a hawkish tone. It is anticipated that the Federal Reserve will indicate slower rate cuts in 2025 due to resilient economic conditions and persistent inflation. Crédit Agricole predicts that Jerome Powell, the Fed Chair, will likely hint at pausing rate cuts early in 2025.
Additionally, recent employment and inflation data from November suggest that the Fed is in a position to implement this rate cut.
However, the risks associated with persistent inflation indicate that the rate-cutting cycle will progress more gradually. Crédit Agricole estimates that interest rate projections for 2025 could be revised to 3.625% and for 2026 to 3.125%. These figures represent reductions of 0.75% in 2025 and 0.5% in 2026, showing smaller decreases compared to earlier forecasts.
According to the Financial Times, Israeli negotiators have met with mediators in Doha to discuss a ceasefire with Hamas and the release of hostages from Gaza. These talks are taking place ahead of Donald Trump’s inauguration in January. Both Israeli and U.S. officials remain cautiously optimistic about reaching an agreement, though disagreements over key details persist.
The Israeli negotiating team arrived in Qatar on Monday, focusing on resolving major points of contention. It is expected that both sides will respond to a recent mediator proposal, which includes a six-to-eight-week ceasefire and the release of hostages in exchange for Palestinian prisoners.
These discussions have intensified following Donald Trump’s victory in the U.S. elections. Steven Witkoff, Trump’s envoy to the Middle East, has met with Benjamin Netanyahu and Qatar’s Prime Minister to advance the agreement.
Despite progress, significant challenges remain, including disagreements over the number of hostages to be freed and the presence of Israeli forces in Gaza. While Hamas has softened its stance somewhat, substantial differences still exist.
UBS, in its recent report, has projected that gold prices will reach $2,900 per ounce by the end of 2025. A key factor highlighted by UBS is the continued demand for gold from central banks, driven by the declining value of the dollar and diversification of reserves. UBS expects central bank gold purchases to remain strong throughout 2025, supporting elevated gold prices.
Moreover, investor demand for gold as a hedge against geopolitical and policy uncertainties will play a significant role in maintaining high gold prices. UBS points to ongoing concerns about the Russia-Ukraine conflict, Middle Eastern tensions, and uncertain fiscal and trade policies under the incoming administration of Donald Trump. These factors could boost investment in gold-backed exchange-traded funds (ETFs).
Lower interest rates and a weaker U.S. dollar are additional factors that could drive gold prices higher. UBS predicts that interest rate cuts will continue and the dollar will weaken further, which will bolster demand for gold.
In addition to gold, UBS has identified opportunities in copper and other transition metals. Global investments in power generation, energy storage, and electric transportation are expected to serve as long-term drivers of demand for these metals.
GOLD → Ahead is the Fed and the rate decision. What to do?FX:XAUUSD tested strong support on Tuesday at 2633 before traders moved into a buying phase, hoping a possible rate cut would support their intentions
There is a 93% probability that the Fed may cut interest rates by 0.25%. But the thing to pay attention to here is the general backdrop - the Fed's stance. Hawkish hints about 2025 could have a much bigger impact than a rate cut, which is partially already factored in by the market.
Any hint of fewer rate cuts next year could be a growth driver for the dollar. Powell's comments play an important role in assessing the situation for next year against the backdrop of Trump's policies
Downside risks for gold are quite high due to the controversial situation in favor of the Fed's hawkish stance.
Technically, the emphasis is on the local channel. A price exit beyond 2658 or 2633 will be accompanied by a strong impulse.
Resistance levels: 2658, 2675
Support levels: 2645, 2633, 2620
The situation is very controversial and complicated, that's why several directions relative to the key zones are indicated on the chart.
Everything depends not only on the actual rate numbers, but also on the Fed comments, namely we are interested in the tone and stance for next year. Recommendation - skip trading before the event and wait until volatility decreases to be able to adequately perceive the market position
Regards R. Linda!
HelenP. I Gold can rebound from trend line and start to declineHi folks today I'm prepared for you Gold analytics. Some days ago price dropped from the support level, which coincided with the buyer zone to the trend line. Then it turned around and started to grow inside a triangle pattern, where Gold soon reached the 2615 support level. Next, the price broke this level, made a retest, and continued to move up to the resistance zone, which coincided with the resistance level. When XAU reached this zone, it later turned around and made a strong impulse down, breaking the resistance level and declining to the support level. After this movement, the price some time traded near this level and started to grow, but later it declined to the support level, which coincided with the trend line again. Later price turned around and made a strong impulse up to the resistance zone one more time, after which turned around and dropped to the trend line, which is the support line of the triangle as well. Recently price exited from this pattern and now trades below the trend line. In my opinion, XAUUSD will rebound from this line and start to decline. For this reason, I set my goal at the 2615 support level. If you like my analytics you may support me with your like/comment ❤️
Gold can rebound from support line of wedge to seller zoneHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from resistance level and started to decline to the support level, which coincided with the buyer zone. Then the price broke the 2625 level and dropped to 2536 points, and then started to grow inside the wedge. In a wedge, the price soon reached the 2625 support level and broke it again. Then the price made a retest and continued to grow to the resistance line of the wedge, and then turned around and dropped to the support level, breaking the 2690 resistance level. After this, Gold started to trades inside the range, where it some time traded near the support level and later made a strong impulse up to the resistance line of the wedge, exiting from the range and breaking the resistance level, which coincided with the seller zone. But a not long time ago, the price turned around and dropped to the support line of the wedge, breaking the resistance level one more time. In my mind, Gold can fall to the support line of the wedge and then rebound up to the seller zone. For this case, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
WTI/USOIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the WTI / USOIL Energy 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. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low level.
Goal 🎯: 73.500
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.
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.
💖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 - The Next Bitcoin?The markets are beyond stretched—they’re squeezed all the way to the moon.
Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips.
Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like crash could unfold—you’ll see we’re staring at the perfect recipe for a stock market KABOOM.
So, where will traders, investors, and even grandmas rush to when this unwinds? My bet: Gold. Where else? This is when the Gold Rocket ignites, replacing Bitcoin and the MAG7, creating yet another bubble—a glittering tulip 5.0. And just like before, it’ll burst when the fuel runs out.
Buckle up! 🚀
Bearish drop off 61.8% Fibonacci resistance?WTI oil (XTI/USD) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support level which is also an overlap support.
Pivot: 70.60
1st Support: 69.25
1st Resistance: 71.44
Risk Warning:
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GOLD Will Grow! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,643.843.
Considering the today's price action, probabilities will be high to see a movement to 2,651.719.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GOLD is neutral on the most important event day of the weekOANDA:XAUUSD Spot delivery decreased under pressure from the US Dollar and US Treasury bond interest rates increased sharply. Strong US retail sales data caused gold prices to plummet to a week low of 2,633 USD/ounce yesterday trading day. Today (Wednesday), markets will focus on the Federal Reserve's final policy meeting of the year.
About economic data
US retail sales rose more than expected in November, fueling rising inflation data in recent months and suggesting the Federal Reserve may pause interest rate cuts in January next year.
Data released by the U.S. Department of Commerce on Tuesday showed retail sales rose 0.7% month-on-month in November, the highest growth rate since September and above the 0.6% gain. expected.
Retail sales data for the first two months of the year was revised upward and October data was revised from a monthly increase of 0.4% to 0.5%.
The most important event this trading week
On Thursday, the US Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations. The market generally expects the Federal Reserve to cut interest rates by 25 basis points.
Investors will need to pay close attention to the meeting statement and the press conference held by Federal Reserve Chairman Powell after the meeting to further assess future policy trends.
The Fed's updated economic forecasts and Dotplot charts are also the focus of market attention as they could reshape expectations about the trajectory of interest rates in 2025 and 2026.
On Thursday, Federal Reserve Chairman Powell will hold a press conference on monetary policy. What Powell "breathes" out will create big fluctuations in the market.
The Chicago Mercantile Exchange's "FedWatch Tool" shows traders see a 95.4% chance the Fed will cut interest rates by 25 basis points on Wednesday. Additionally, investors are betting that the Federal Reserve will cut interest rates by 100 basis points by 2025.
So the question is whether the Fed will be more hawkish or dovish than the market expects. Because of Trump's victory, the market will have to reassess the Fed's interest rate expectations, and may need to be more cautious about further interest rate cuts at this time.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold attempted to recover after testing the 0.618% Fibonacci level, a position that readers noticed in the previous issue.
Temporarily, the trend of gold prices is noticed by the price channel, however the position is quite neutral with price activity around EMA21 and the Relative Strength Index also sticking around 50.
Perhaps, the technical chart needs a sudden impact to create a trend, and considering the current position, gold could increase in price if it breaks above the 0.50% Fibonacci retracement level then the target level is about 2,676USD In the short term, more than $2,693.
On the other hand, if gold is sold below the 0.618% Fibonacci retracement support level, it could open a new bearish cycle with price activity returning to the price channel and the target then being around 2,591USD in the medium term.
During the day, the technical trend is neutral and notable points will be listed as follows.
Support: 2,634 – 2,603 – 2,600USD
Resistance: 2,663 – 2,676 – 2,693USD
SELL XAUUSD PRICE 2680 - 2678⚡️
↠↠ Stoploss 2684
→Take Profit 1 2673
↨
→Take Profit 2 2668
BUY XAUUSD PRICE 2621 - 2623⚡️
↠↠ Stoploss 2617
→Take Profit 1 2628
↨
→Take Profit 2 2633
USOIL SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the USOIL pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 66.51 level.
✅LIKE AND COMMENT MY IDEAS✅
The economy is looking to the FedThe Fed has started its two-day policy meeting and is expected to cut interest rates by another 25 basis points. However, the focus will be on the Summary of Economic Projections (SEP) and dot plot, which provide guidance for interest rates in 2025.
While US Treasury yields and real yields both edged lower, the US dollar remained steady. The 10-year Treasury yield fell to 4.379%, while the DXY index rose 0.07% to 107.01.
On the technical front, gold prices maintain their long-term uptrend but are under pressure in the short term. The key support level now is $2,600/ounce, which corresponds to the 100-day simple moving average (SMA). A break of this level could send prices lower to $2,531 – the August 20 high. Conversely, if the price breaks above $2,650, the next target will be $2,670 (50-day SMA), and then $2,700.
In addition to the Fed’s decision, investors are awaiting the release of the core Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, to gauge the future direction of policy. Signs that the incoming Trump administration may push for expansionary fiscal policy have raised expectations of a change in the Fed’s stance in the near term.