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Gold Pullback to Buy Zones Before 2737 TargetTrading Idea Summary CAPITALCOM:GOLD TVC:GOLD The price has been very **bullish**, and the initial expectation was for it to reach and test the **4-hour order block at 2737**. However, it is now pulling back to **strong buy zones** before continuing higher. --- Updated Analysis: 1. **Pullback to Key Buy Zones:** The price is approaching critical support levels, such as **Fibonacci 0.5** and high-volume areas. 2. **Preparing for Further Upside:** These zones can serve as good entry points for the continuation of the bullish trend. --- Strategy: - **Entry:** Around Fibonacci 0.5 (2,669-2,670) or the "golden pocket" zone (0.71-0.75). - **Target (TP):** 2737 (4-hour order block). - **Risk Management:** Stop-loss below high-volume areas, maintaining at least a 1:2 risk-to-reward ratio. ### Conclusion: The price is showing a healthy pullback, creating a great buying opportunity before resuming the bullish trend towards 2737.
TVC:GOLD
by GlebalTrader
Silver May Face More Weakness After A Corrective RallySilver is making sharp reversal down from recent highs, even breaking a lower trendline support of an ending diagonal which is an important indication for a top in place. As such, we are aware of much lower prices, maybe even back to the start of a diagonal at around 27/28 as drop from 4h time frame has an impulsive bearish structure into wave A/1. But we see some bounce now that can be an A-B-C irregular/expanded flat correction into wave B/2, where subwave (C) can be now in progress. Resistance is then around 31.60-33 area, and from where we will have to be aware of further weakness within wave C or 3.
OANDA:XAGUSDShort
by ew-forecast
2
SPY/QQQ Plan Your Trade For 12-12: Breakaway PatternToday's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event. It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025. I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event. If that event does not happen, then the markets will likely continue to push higher and higher. So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price. Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week. Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
Trend resistance analysisGold closed positive on the daily line. A new high was reached in the Asian session. If we look at the trend from the perspective of the K-line, the triangle breakout bulls will continue, so the idea is to mainly buy low today. Is this low buy more after a decline or directly buy more? The support is currently at 82-76! Gold started to break through strongly in the US session yesterday. Gold is obviously strong. Now it is still strong. It continues to buy more after a decline in the Asian session. Now it has risen sharply. Many friends are concerned about where gold will rise. There is no need to guess. Just continue to buy more with the trend. Gold's 1-hour moving average continues to diverge upward. Gold bulls continue to be strong. The previous high of gold at 2676 now forms support. Today, it falls back to 2676 and continues to buy on dips. Gold can start to buy more after falling back to around 2690 in the Asian session. First support: 2690, second support: 2676, third support: 2662 First resistance: 2710, second resistance: 2721, third resistance: 2735
TVC:GOLD
by Jun-GoldAnalyst
GOLD to extend it's gains?Gold - 24h expiry There is no indication that the rally is coming to an end. Our short term bias remains positive. 5 positive daily performances in succession. Price action continues to trade around significant highs. We look for gains to be extended today. A break of the recent high at 2728.5 should result in a further move higher. We look to Buy a break of 2728.5 (stop at 2708.5) Our profit targets will be 2778.5 and 2788.5 Resistance: 2726.3 / 2735.7 / 2750.0 Support: 2710.0 / 2695.0 / 2675.5 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
CL - Crude Oil confirmation and unwritten potentialHi guys, we are following up with probably one of our favourite assets to participate in. You guessed it right it's CL. Currently the Crude Oil is sitting in a very specific range , which has been traded since late August , until the end of October where we saw a big spike and got out of boundaries due to the escalation in Iran and Israel, of which after the cooling off we got back into the range of 73.00 as a strong resistance line , and 67.00 as a strong support. This range has made a lot of traders stay away from CL, but I do believe that there is potential to be caught. Current analysis and entry : Entry today at a level of 68.90 , with two targets of take profit : Target 1: 71.52 Target 2: 72.92 Now this is the bold move if you don't want to miss out on the current opportunity and your Risk Tolerance is on the higher end. If you want to be more protective and your Risk Tolerance is on the lower side, you can get a Pending Order at the level of 66.61 , and then enter 3 follow up targets Target 1: 68.50 Target 2: 71.05 Target 3: 72.45 P.S. My current opinion is to go with a current entry because the missing out of opportunity is too high ,hence we are seeing more tensions in Israel&Gaza conflict, additionally the tightening of the situation in Ukraine&Russia adds more Fundamental Value, towards a swing on an upside of the Crude Oil. Do let me know in the comments below or in my community what is your thought process and opinion about our favourite Black Gold! Happy Trading!
TVC:USOILLong
by DG55Capital
Gold Price Hits Monthly HighGold Price Hits Monthly High The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut in December, enhancing the appeal of non-yielding assets like gold. → Geopolitical tensions in Eastern Europe and the Middle East, along with uncertainty surrounding the policy direction and tariff plans of newly elected US President Donald Trump, are contributing to gold’s safe-haven appeal. Technical Analysis of XAU/USD Gold prices have been rising since August within a channel, with the lower boundary marked as Support 1. However, in November, Support 2—a line with a gentler slope—gained relevance, potentially signalling waning demand strength. If buyers are indeed losing momentum, a price reversal from the fresh high could occur. This would suggest a false bullish breakout above the mid-November peak near $2715. Early trading action on the XAU/USD chart this morning lends weight to this potential scenario. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
2
XAIISD: Today's Market Analysis and StrategiesTechnical analysis of gold Daily resistance 2725, support below 2627. Four-hour resistance 2725, support below 2686 Gold operation suggestions: From the 4-hour analysis chart, we focus on the 2725 line for upper pressure, and the 2700/2686 line for lower support. The operation is mainly based on pullback buying, trading with the trend, and focusing on the 2725 pressure. BUY: 2701near BUY: 2686near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
USOIL Will Go Higher! Buy! Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 70.58. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 72.27 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TVC:USOILLong
by SignalProvider
1
WTI OIL Major bullish break-out happened. Expect rally to $76.WTI Oil (USOIL) broke yesterday above the 1-month Lower Highs trend-line, following the bullish EIA report. This is a major bullish break-out as the last time the price broke above a similar Lower Highs trend-line was on October 01, with the resulting rally rising above the 0.786 Fibonacci retracement level. Even the 4H RSI sequences between the two fractals are identical, with both starting on a Bullish Divergence (Higher Lows against the price's Lower Lows and then a nearly oversold RSI with the price on the Support Zone was what initiated the rebound that broke the Lower Highs. Our Target is again the 0.786 Fib at $76.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
2
USOIL WEEKLY MARKET ANALYSIS📊 USOIL Weekly Update Technical View: Not much has changed on the charts. Price remains within the expected range, waiting for a catalyst to break out. Fundamental Highlights: Geopolitics: TVC:UKOIL Brent hit ~$71, WTI at ~$67, driven by instability following the ousting of Syria's President. Saudi Aramco: January crude prices for Asia slashed to early 2021 lows due to weak Chinese demand. OPEC+: Delayed output hikes to April 2025; cuts extended through 2026. U.S. Supply: Increased oil & gas rig activity adds pressure on prices. Natural Gas: Futures rebounded 5% to $3.147 after last week’s losses. 🔑 Key Levels ( FX:USOIL WTI): Bullish: Close above 21-period SMA ($72.37) targets 50-period SMA ($73.98). Bearish: Close below $72.00 may see a drop toward ~$70.63. 📌 Trading Strategy: Keep alerts set for key levels; patience is key as we await clearer directional moves. 💬 Let’s discuss more in ⁠comment below! Happy Trading, The NFX Team™ 💚 (Earlier shared this post but got taken down due to some off-platform mention (violation) - still getting used to the TV rules :) , reposted for reference purpose.)
FX:USOILLong
by niclaxfx
Interest rate expectations and geopolitics still drive GOLDOANDA:XAUUSD corrected after rising sharply as the possibility of the Federal Reserve cutting interest rates next week increased significantly after the release of US CPI data. CME Group's "FedWatch" tool shows traders see a 98.5% chance the Fed will cut another 25 basis points at its December 17-18 meeting, a significant increase from the 86% chance before CPI data is released. The U.S. Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in November, both in line with market expectations. Economists surveyed by Dow Jones previously expected this number to increase an average of 0.3% month-on-month and 2.7% year-on-year. Excluding food and energy costs, the US core CPI rose 3.3% year-on-year in November and was up 0.3% month-over-month. Economists surveyed by Dow Jones on average expect core CPI to rise 0.3% month-on-month and 3.3% year-over-year. The market is now focusing on today's (Thursday) US Producer Price Index (PPI) data to shed more light on the Federal Reserve's interest rate cut roadmap. Geopolitical news once again boosted OANDA:XAUUSD On the daily chart, gold corrected after approaching the 0.236% Fibonacci retracement level and temporary upside was limited by this technical level. However, in terms of overall structure, the gold price has enough technical conditions to increase after breaking the falling price channel and bringing the main activity above the EMA21 line. Along with that, the Relative Strength Index also rose above 50, which should be considered a positive signal for the bullish outlook of gold prices. On the other hand, gold is likely to open a new bullish cycle when it breaks above the $2,730 level of the 0.236% Fibonacci retracement then the target is the Volume profile POC point, more so the $2,761 level and all-time highs. era established earlier. During the day, the technical outlook for gold is bullish with notable points listed below. Support: 2,700 – 2,693 – 2,676USD Resistance: 2,730 – 2,742 – 2,761USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2669 - 2671⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2676 ↨ →Take Profit 2 2681
OANDA:XAUUSDLong
by Xayah_trading
Gold Supported by Fundamentals, Testing Key Technical ResistanceTechnical Analysis Gold is trading at $2,719, approaching a critical resistance level at $2,735 (Fib 0.786). A breakout above this resistance could pave the way for further upside toward $2,743 and $2,758, marking significant levels for long-term trend continuation. On the daily chart, the price has held firmly above the 50-day SMA, supported by a bullish RSI, indicating the potential for continued strength. - Key Resistances : - $2,735 (Fib 0.786). - $2,743 and $2,758. - Key Supports : - $2,700 (short-term support). - $2,693 (Fib 0.618). In the short term, gold has encountered resistance at $2,720 and shows signs of a possible pullback. The RSI in the overbought zone suggests that a correction toward $2,700 and potentially $2,693 is likely before any continuation to the upside. --- Fundamental Analysis Gold prices remain near two-week highs, supported by geopolitical tensions, central bank buying, and expectations for the Federal Reserve's (Fed) monetary policy. Markets are now pricing a 95% chance of a 25 bps rate cut by the Fed next week , per the CME FedWatch tool, with a further 22% chance of another cut in January. Key Developments Driving Gold: 1. Chinese Central Bank Gold Buying: The People's Bank of China resumed gold purchases in November, adding 160,000 fine troy ounces to its reserves. This significant move has bolstered global gold demand and added upward momentum to prices. 2. Middle East Geopolitical Tensions: The collapse of the Syrian government and subsequent military actions by Israel have increased investor interest in gold as a safe-haven asset. 3. US Inflation Data (CPI): November's CPI data showed a 2.7% YoY increase, aligning with expectations and reinforcing the case for rate cuts. The core inflation rate remained stable at 3.3%. These figures have kept gold's bullish momentum intact. --- Upcoming Data to Watch The Producer Price Index (PPI) for the US, scheduled for release tomorrow, will provide further clues about inflation trends. - Forecasts: - Core PPI m/m: 0.2% (previous: 0.3%). - PPI m/m: 0.2% (previous: 0.2%). - Unemployment Claims: 221K (previous: 224K). Potential Scenarios for PPI: 1. Stronger-than-expected PPI (above 0.2%): Higher PPI could indicate persistent inflationary pressures, potentially boosting the US Dollar and pressuring gold prices lower. In this case, gold may test short-term supports at $2,700 or $2,693. 2. Weaker-than-expected PPI (below 0.2%): A weaker PPI could further strengthen the case for Fed rate cuts, weakening the US Dollar and providing additional upside for gold. A breakout above $2,735 would open the path toward $2,743 and $2,758. --- Conclusion Gold remains strong in the long term, with $2,735 as a critical resistance level. A breakout above this level could trigger a rally to $2,743 and $2,758. However, in the short term, the price is expected to correct to $2,700 or $2,693 before resuming its uptrend. The upcoming PPI report is pivotal and will shape market sentiment ahead of the Fed's rate decision next week. Recommendation Monitor the PPI report and Fed commentary closely. A pullback to $2,700 may offer a buying opportunity, with targets set at $2,743 and $2,758 if bullish momentum persists.
OANDA:XAUUSD
by uPaSKaL
15
Hellena | GOLD (4H): Long to resistance area of 2717.733.Colleagues, the previous forecast is still active, but I decided to make a new one to show in more detail what exactly is going on. I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”. Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
38
USOIL Bullish Breakout: Wedge Pattern Analysis on H4On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend higher in the near term. The next key resistance levels to watch are 71.3 and 72.2, which align with significant historical price zones and are set as profit targets. Caution is advised, as a reversal that pushes the price back into the wedge would invalidate this bullish outlook. It is advisable to place a stop-loss just below the wedge’s upper boundary. Disclaimer: This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
TVC:USOILLong
by DNP-FX