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Gold price clings to gain around $2,670/two-week topDear friends, let's explore the gold price after yesterday's big move! Gold prices rebounded near a two-week high and received support from a combination of factors. Geopolitical risks continue to favor the safe-haven XAU/USD amid the Fed's December rate cut. The current technical setup looks bullish and supports the outlook for further gains... This rally is expected to reach $2700, which is in line with the resistance channel limits.
OANDA:XAUUSDLong
by Trader-Briannnn
2
2024-12-10 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bullish but only until 2740ish. Bulls broke strongly above 2700 and the triangle is dead. Next stop is previous resistance around 2743. I do expect a pullback first, since the channel is obvious. Chart shows the preferred way for me. comment : Bulls are in control again. My chart is very clear, so I won’t try to make stuff up in here. 2678 should not be broken again and next target for the bulls is 2743ish. I expect a pullback down to 2710 or even 2700 before another leg up. If we break above the current channel, we will likely print 2800 before end of Friday. current market cycle: trading range key levels: 2680 - 2745 (above that is 2800 next) bull case: Chart tells the whole story for the bulls. Don’t make this more complicated as it is. Any pullback below 2710 is a decent buy with stop 2678. Invalidation is below 2678. bear case: Bears gave up once they could not reverse the market below 2670 again after y close and the early test down to 2683 in the EU session. Invalidation is above 2745. short term: Bullish. Look for longs near the lower channel line or 1h 20ema. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Buying the double bottom near 2680.
COMEX_MINI:MGC1!Long
by priceactiontds
GOLD ROUTE MAP UPDATEHey Everyone, Another day smashed!!!!! Yesterday we hit 2661 after ema5 cross and lock above 2645, we then stated that we now had a gap left at 2679 after cross and lock above 2661, and as long as 2661 holds, we will look for this gap to be completed. - This was hit perfectly completing this target. We now have 2679 cross and lock opening 2697. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. 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 2645 - DONE EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET 2661 - DONE EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2679 - DONE EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 BEARISH TARGETS 2626 EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET 2612 EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE SWING RANGE 2599 - 2584 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
OANDA:XAUUSD
by Goldviewfx
8
$SFRX CEO Update: Juno Beach Progress and Tech BreakthroughsDecember 9, 2024 OTC:SFRX CEO Update: Juno Beach Progress and Tech Breakthroughs seafarerexplorationcorp.com This CEO Update shares exciting news on advancements at Juno Beach, offshore discoveries, and breakthroughs in SeaSearcher technology. Dear Shareholders, While adverse weather conditions posed significant challenges this summer, our team has continued to make steady advancements in exploration and artifact recovery, reinforcing the long-term potential of our work. At the Juno Beach archaeological site, we have made significant strides in mapping a prominent area of debris concentration using transect mapping. This has enabled us to locate new areas containing large ballast stones and a substantial wooden element believed to be part of the ship’s stern. Our recovery efforts have been fruitful, adding dozens of artifacts to our collection, which now exceeds 1,000 items, excluding lead sheathing. We have established a 300’x300’ grid, allowing us to focus our SeaSearcher scans on a refined area where debris is concentrated within a 100’ north-south by 250’ east-west zone. A harpoon recovered during this phase may also be associated with this wreck. These findings are supported by detailed documentation, including hundreds of pages of reports and hours of video records of our archaeological processes. At Melbourne Beach, activity has been limited by weather, but we completed test dives and laid the groundwork for a grid system over two target areas, the Ring Site and HTQ. This will guide SeaSearcher scans to evaluate the potential for continued exploration. At Cape Canaveral, a historically significant area known for colonial-era shipwrecks, magnetometer scans, and test dives have yielded promising data, and we are preparing to bring in the SeaSearcher as soon as conditions allow. Offshore, we have identified a promising area with evidence pointing to the possible presence of two or three vessels from the 1715 fleet. Initial dives uncovered a colonial-era anchor, further validating this area as a strong prospect for recovery operations. The SeaSearcher technology continues to advance, with improvements in metal discrimination allowing for greater confidence in distinguishing ferrous, non-ferrous, and even precious metals. The platform’s stability has been a key factor in its routine deployment, and our second-generation metal discriminator has shown improved sensitivity and reduced noise. Progress toward a handheld unit also continues, promising further flexibility in our recovery operations. Our archives and historical research team have also been making significant strides as well, particularly in analyzing records from Seville, Spain. These documents are beginning to yield useful insights into additional shipwrecks, and our new cataloging method has improved our ability to extract and organize data efficiently. While weather has been a limiting factor, particularly as we transition from search to recovery operations, we remain committed to maintaining the highest levels of safety and precision. The rough seas of summer have presented challenges for both diver safety and accurate positioning of recovery grids, but we are well-prepared to capitalize on more favorable conditions as they arise. We continue to make meaningful progress toward our mission of uncovering and preserving historical shipwrecks, and the work completed this year lays a strong foundation for the year ahead. Thank you for your continued support as we pursue opportunities to create long-term value through our exploration efforts. Sincerely, Kyle Kennedy CEO, Seafarer Exploration
OTC:SFRXLong
by astrothtrader
XAUUSD: Don't waste this longterm buy opportunity.Gold turned bullish on its 1D technical outlook (RSI = 57.544, MACD = -4.010, ADX = 27.147) following today's breakout over the 4H MA200. The most important aspect of this is that the 1W timeframe remains bullish (RSI = 61.387), which is highlighter by the fact that Gold is trading inside a Channel Up for more than 1 year (October 2nd 2023). This pattern looks very much like the Channel Up of the 2018-2020 Bull Cycle. The 1W RSI is rebound off the same level it did on the March 16th 2020 low. This indicates that the current levels is a buy opportunity we will most likely won't see again until the Cycles peaks. We are bullish, aiming for a similar +79.40% rise (TP = 3,200). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
From Sideways to Soaring: Gold's Path to $2700Gold has finally broken out of that sideways range, and what’s even more important, it did so in the direction we were expecting. It took a bit longer than we initially thought, but hey, the market doesn’t care about our timelines—it moves for its own reasons and motives. Right now, Gold is heading towards the $2700 mark, where we’ve got the first block of buy and sell orders lined up. Honestly, there’s nothing surprising about that, especially since round numbers tend to attract a lot of orders in commodity trading. The sentiment from the options market isn’t throwing any clear opposing signals, so the base scenario is still pointing upwards. That’s the scoop for now!
FOREXCOM:XAUUSDLong
by ClashChartsTeam
GOLD → Breaking through channel resistance. Growth attemptGOLD is coming out of the channel. Bulls are trying to take the situation into their own hands and keep the defense above 2665. The metal has a chance for local return and growth to 2690 - 2720. Growing geopolitical tension in the Middle East (Syrian government collapse) compensates local growth of the dollar, which is generally favorable for the metal. But, risks of dollar growth remain on the background of inflation growth in the U.S., which in general can strengthen the hawkish position of the Fed policy makers on the interest rate. At the moment all attention is focused on CPI / PPI. Profit-taking is possible due to high risks. Gold is coming out of the local channel, but is still trapped inside the global channel. Price may test the zone of interest before important economic data. Support levels: 2660, 2655, 2636 Resistance levels: 2673, 2688, 2721 The breakout took place and the metal is trying to go up. The target is 2688. But we should be careful, because geopolitical tensions, upcoming economic data may cause corrections and profit taking Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
Gold is Ready to Pump, Ready!?Gold ( OANDA:XAUUSD ) is currently moving in the Resistance zone($2,667-$2,653) and has managed to break the upper line of the Descending Channel . In terms of Elliott wave theory , Gold completed the Double Three Correction waves as I expected , and I am also waiting for the Resistance zone($2,667-$2,653) to break with the break of the upper line of the descending channel . I expect Gold to rise to at least $2,679 after breaking the Resistance zone($2,667-$2,653), and the next target is the width of the descending channel (broken). ⚠️Note: If Gold goes below $2,636, we can expect a further decrease in Gold.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
SPY/QQQ Plan Your Trade For 12-10: Bearish ExhaustionToday's pattern suggests the SPY & QQQ will attempt to trend downward in early trading (trying to find support), then roll into a congestion period finding a Bearish Exhaustion pattern. As you will see in my charts, I expect the SPY/QQQ to stall over the next 3-5 trading days and then move into a correction period - trending downward before the end of 2024. Gold and Silver are moving higher as economic data continues to suggest the strong US economy/inflation trends are putting pressure on global markets. This translates into FEAR. The next big move in Gold/Silver may come before the end of 2024 as well - sending Gold above $2900 and sending Silver above $35.50. Bitcoin is probably the most interesting chart - setting up a Triple Excess Phase Peak pattern in a broad consolidation range. Currently, the dominant pattern is suggesting a downward price move is very likely. Although, a break above 102k (resistance) could send Bitcoin rallying much higher. Get ready for some big moves. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
GOLD - Price can bounce from resistance level and start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price made a strong upward impulse to $2720 points, thereby breaking $2665 level. But then, price turned around and started to decline inside triangle, breaking $2665 level one more time. Next, Gold fell to support area, after which started to grow and soon reached $2665 level, after which made a correction. Later price rose to resistance line of triangle, after which corrected to $2620 support level and then started to grow. Recently, Gold reached resistance line of the triangle, exited from this pattern, and even made retest. Now price trades below the resistance level and I think Gold can bounce down from this level to $2630 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
8
XAUUSD: 10/12 Market Analysis and StrategyGold technical analysis Daily resistance 2700, support below 2580 Four-hour resistance 2683-2700, support below 2643-37 Gold operation suggestions: In the Asian market on Tuesday, gold fluctuated in a narrow range, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, as the People's Bank of China resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand. China's resumption of purchases may support investor demand in the country. In 2023, China was the world's largest official buyer of gold, but the People's Bank of China suspended purchases for 18 consecutive months in May. Strong buying by central banks is also a major support for gold's record gains this year. Another factor to note is the outlook for monetary easing by global central banks. The US November NFIB Small Business Confidence Index will be watched today. The market expects it to be bearish for gold prices, but before the release of this week's heavyweight data such as CPI, any data will have limited impact, and continue to operate based on the current technical aspects. From the current 4-hour trend analysis, we focus on the 2683-2700 line pressure on the top, and the 2654 line short-term support on the bottom. In terms of operation, we maintain the main tone of going long. At present, the 2637-2627 weekly and daily support levels have been supported. We continue to be bullish and are expected to reach the 2700 mark this week. BUY:2660near BUY:2654near (Just go long on dips, not necessarily according to my points, as long as you do it above the daily and weekly support)
TVC:GOLDLong
by ActuaryJ
Silver Set for Rebound: A Promising Long Position StrategyAs we transition from November to December, silver is showing signs of a potential rebound, having touched the demand zone for the second time. This trend indicates an opportune moment for exploring long positions in the market. Our analysis is reinforced by the latest Commitment of Traders (COT) report, which suggests a favorable sentiment among traders, aligning with our forecasting models. The current pricing dynamics indicate a strong setup for entering long positions as we anticipate continued upward movement. Investors should keep a close eye on market developments and consider leveraging this momentum for potential gains. The combination of demand zone retests and supportive trader sentiment presents a promising outlook for those looking to capitalize on silver's price movement in the coming weeks. ✅ Please share your thoughts about SILVER in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
COMEX:SI1!Long
by FOREXN1
3
Here’s why gold exploded, trading strategiesIn the Asian market on Tuesday, gold fluctuated in a narrow range and is currently trading around 2667, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, because the Chinese central bank resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand. It should be reminded that the US dollar index and US Treasury yields rose slightly, which made gold bulls still cautious. The price of gold is still in a range of nearly two weeks. Before the release of US CPI data on Wednesday, gold may still maintain a volatile trend. This trading day will also usher in the Reserve Bank of Australia's interest rate decision, and investors also need to pay attention. Gold surged and fell back in the late trading. It is expected that today it will be corrected before it can further test the sideline and upper line again. From the channel point of view, this wave of rebound has not shown a signal of turning bearish in the daily chart, so it is still a priority to buy at a low price! The daily support is around 2644. However, the support in the Asian session is around 2654! Under the stimulation of risk aversion, gold finally fluctuated upward. Yesterday, gold rose to 2676 in the US market and fell back in the short term. Gold fell as expected, but the decline in gold was not large. Bulls began to accumulate momentum to rise. Gold fell back in the Asian session and went long! Gold crossed the 1-hour moving average. If all the moving averages diverge upward, then gold still has room to move upward. The 1-hour moving average support of gold moved up to the 2644 line. Gold can enter the market near 2654 first. First support: 2654, second support: 2644, third support: 2632 First resistance: 2676, second resistance: 2688, third resistance: 2700 Trading strategy: BUY: 2652-2654 SELL: 2676-2678
TVC:GOLDLong
by Jun-GoldAnalyst
Turbulent Times Ahead for Natural Gas MarketNatural gas prices began the week with a gap-up, driven by forecasts of colder weather increasing demand, but have since faced strong selling pressure, making traders cautious. ◉ Technical Analysis ● A bullish turnaround seems imminent for Natural Gas prices, highlighted by the appearance of an Inverted Head & Shoulder pattern on the daily chart. ● After breaking out, the price momentarily reached the $3.290 resistance level before retreating and revisiting the breakout point. ● The price is now attempting to breach the resistance zone again, with expectations of exceeding the level soon. ● However, a drop below $2.800 could trigger a further correction. ◉ Overall Outlook Natural gas prices are poised for a volatile week as traders weigh colder weather expectations against bearish technical signals. Thursday's inventory data will be crucial in determining the next price move.
OANDA:NATGASUSD
by NaranjCapital