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Could the price reverse from here?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support. Pivot: 2,627.26 1st Support: 2,585.13 1st Resistance: 2,664.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
ICMARKETS:XAUUSDShort
by ICmarkets
GOLD: Technical Trends and Fed Meeting Impact AheadGold remains relatively stable, hovering around $2,644 on Wednesday as I draft this article. This follows a rebound from a one-week low reached on Tuesday. The precious metal is currently under some pressure as investors anticipate the results of the final Federal Reserve meeting of the year. From a technical standpoint, gold has already tested a significant daily demand zone, subsequently retreating from a high of $2,720. Now, the metal appears poised for a potential bearish trend as the US dollar continues to gain strength. Retail traders are predominantly holding long positions, whereas commercial traders seem to be reducing their long exposure, which could suggest a shift in market sentiment. Looking ahead, the upcoming economic data from the US, including the Federal Open Market Committee (FOMC) meeting today and the unemployment claims report tomorrow, could provide further support to the dollar. If these reports indicate stronger economic conditions, it may exacerbate a bearish trend for gold prices. As the market assesses the Fed's policy direction and its implications for interest rates and the dollar, gold will likely remain on the defensive. Investors should monitor these developments closely, as they could significantly influence gold's price movements in the near term. The combination of potential dollar strength and a shift in positioning among traders adds to the likelihood of continued bearish pressure on gold. ✅ Please share your thoughts about GOLD 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.
OANDA:XAUUSDShort
by FOREXN1
1
XAUUSD: Double Top PatternHello everyone! Currently, after a false breakout at the key level of $2721, the price has quickly reverted to a bearish trend. This development bears significant resemblance to the double top pattern, a technical formation that often signals an impending downtrend. Given the current situation, the outlook leans in favor of the bears. If this scenario materializes, we can expect the price to continue moving towards lower support zones. To project potential downside targets, we are utilizing the Fibonacci extension tool, a powerful method for analyzing price momentum. Based on our calculations, two critical levels to watch are $2609 and $2557. These are areas where buying pressure may emerge, potentially testing the trend's continuation. Stay tuned for further updates to fine-tune your trading strategies!
OANDA:XAUUSDShort
by Trader-Briannnn
XAUUSD H4 | Bearish Continuation?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2618.36, which is a pullback resistance that aligns with the 23.6% Fibonacci retracement. Our take profit will be at 2577, a pullback support level. The stop loss will be at 2665.40, an overlap resistance close to the 61.8% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
GOLD -- Fell below 2650 with negative fundamental driversOANDA:XAUUSD continued its downward trajectory, dipping to $2,648, underpinned by adverse fundamental drivers. The key question now is whether a retracement is on the horizon or if the decline will deepen further. Optimism about Chinese stimulus faded due to growing concerns over the U.S.-China trade war. In a closed report, the Wall Street Journal (WSJ) stated that China has begun retaliating against President-elect Donald Trump’s upcoming tariffs by implementing non-tariff measures. The market now believes that the Fed might send a hawkish signal by indicating a pause in January after the anticipated 25 basis points (bps) rate cut at the December 17-18 policy meeting, especially following the release of higher-than-expected U.S. Producer Price Index (PPI) data. Technically, gold remains confined within its current channel, with the consolidation phase still intact. The primary focus lies on the key support zone between 2636 and 2634, below which a large liquidity cluster could serve as a potential target for prices. The 2636 support level could trigger a retracement, depending on forthcoming market developments. If the retracement appears shallow and prices quickly return to this level, the likelihood of a break below support increases, potentially driving prices down to levels like 2612 and 2580. However, if gold can stabilize above 2682 and consolidate above local highs, it could pave the way for a retest of higher levels. Regards Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
Gold --> Bear Market Intensifies, Key Resistance LoomsHello, dear friends! This is Ben. Gold prices rose after a false breakout at 2,650. Fundamentally, the situation remains complex, and technically... The metal's price is being influenced by geopolitical tensions, weaker U.S. bond yields, and a softer USD, which supports the safe-haven appeal of XAU/USD. However, bets on a less dovish Fed warrant caution for bullish markets ahead of this week's FOMC meeting. Theoretically, additional gold price gains could be limited by concerns about China's economy after its industrial production posted a modest rise in November, while retail sales disappointed. Widening gold discounts in India amid subdued wedding season demand due to higher prices may also act as a drag on the metal. China and India remain the largest gold consumers globally. Looking ahead, U.S. PMI data also warrants attention for fresh insights into the Fed's rate trajectory next year, which could heavily influence gold prices—given gold's sensitivity to the USD. From a technical perspective, gold is attempting to break out of a major range, testing critical support. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. If there is a false breakout around the 2,655 level, a minor correction toward resistance could form. However, with prices testing strong support, we may witness a false breakout followed by a corrective move to the 2,660–2,675 region (0.618 Fib retracement) before resuming the downtrend. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
2
GOLD --> Correction Before Potential Further DeclineOANDA:XAUUSD transitioning to a Correction Phase After Last Week's Economic Data. Market participants are generally confirming the bearish nature after returning to the channel. The market is broadly prepared for a 25% rate cut, but traders seem cautious about hints regarding the Fed's stance: whether the Fed will cut interest rates, shift to a wait-and-see approach, or imply a rate hike based on last week's economic data. Traders are eagerly awaiting the Fed's decision, which will be announced on December 18. Gold prices continue to be supported by safe-haven demand amidst ongoing geopolitical risks. Additionally, China's continued gold purchases are providing further momentum for this precious metal. Technically, after a false breakout at the 2721 level, a deep correction is forming, which typically develops into a local downward trend. Prices are approaching the panic zone of 2615-2600. During the Asian trading session, gold maintained its earlier recovery above $2650 as buyers still held control amidst the persistently weak US dollar and sluggish US Treasury yields, with attention on key resistance levels. Prices are heading toward the imbalance zone in the correction process. A swift approach and retest of resistance could trigger a recovery. Traders may enter the profit-taking phase before major news releases. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
2
Gold: Short-Term Fluctuations, Long-Term TriumphsAs a market analyst, I observe that global gold prices currently stand at $2,647 per ounce, with February 2025 gold futures on the Comex New York exchange priced at $2,675 per ounce, reflecting a 0.03% increase from the previous day. Over the past week, gold has shown a solid 0.8% gain. From my perspective, gold has had a remarkable year, and while it is now undergoing a phase of correction, I firmly believe this pullback will not last long. My analysis suggests that gold prices will rise further in the coming months. This outlook is supported by several key factors, including loose monetary policies, strong central bank buying activity, and growing demand for safe-haven assets, all of which are likely to drive gold to new record highs this year. I’m also closely following comments from Federal Reserve Chair Jerome Powell after each meeting, as these are crucial for shaping investor expectations for 2025. Inflation remains a pressing issue, still falling short of the Fed’s 2% target. According to Nicky Shiels, a metals strategist at MKS PAMP SA, gold prices could reach $2,500 per ounce, or even as high as $3,000 per ounce, depending on how effectively the Fed manages inflation. In the short term, my projection is that gold will trade within a range of $2,647 to $2,760 per ounce. For the longer term, I align with Goldman Sachs' forecast that gold could achieve $3,000 per ounce by the end of 2025. This aligns with the broader trends I’m observing, where persistent economic uncertainties and evolving monetary policies continue to shape a favorable environment for gold.
OANDA:XAUUSDLong
by Trader-Briannnn
GOLD → The FED Rate Decision Ahead: What Should You Do?Dear Traders, Gold (XAUUSD) has made a notable move, successfully testing the strong support level at 2633 before traders shifted into buying mode. As a result, the price broke above 2643, sparking new optimism as upcoming discussions around potential rate cuts from the Federal Reserve (FED) take center stage. Currently, there is a 93% probability that the FED will cut rates by 25 basis points. However, the overarching theme is the FED's stance for the future. Hawkish hints regarding 2025 could influence the rate-cutting trajectory, an aspect the market has only partially priced in. This means any indication of a smaller rate cut could fuel strength for the U.S. dollar. Conversely, a deeper cut could act as a bullish catalyst for gold. The spotlight is firmly on FED Chair Jerome Powell's comments, as they will provide crucial insights into the economic outlook for 2024 amidst the backdrop of Trump-era policies that continue to play a pivotal role. That said, downside risks for gold remain elevated, particularly if the FED maintains a hawkish stance in the current climate. Technical Analysis: At the moment, gold prices are consolidating within the range of 2658 - 2633, with a breakout in either direction likely to bring about a strong momentum-driven move. The market is complex and highly volatile right now, which is why traders are advised to hold off on entering positions before the event. Waiting for volatility to subside can offer better clarity on market direction and safer opportunities. Final Advice: Patience is key in such turbulent times. Avoid getting swayed by short-term noise and focus on acting only after a clear trend emerges following the major event.
OANDA:XAUUSDShort
by Bentradegold
Gold - Prepare For A Devastating Drop!Gold ( TVC:GOLD ) will create a massive correction: Click chart above to see the detailed analysis👆🏻 Gold rallied more than +70% over the past couple of months, basically without showing any real correction. Therefore it is no surprise that after retesting the channel resistance, Gold is now showing some weakness. It is quite likely that this is just the beginning of a significant drop. Levels to watch: $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
8
TBT- Look Out for Exploding RatesThe Federal Reserve's aggressive 50 basis point rate cut despite headline inflation numbers coming in mixed resulted in an immediate reaction from the longer term bond yields. With no hope of moderating national debt numbers, no matter which party prevails next month, the consensus seems to be much higher long term rates. Accelerating oil prices and nervousness over the Middle East concerns may seal the deal. With the US Strategic Oil Reserves drained over recent years, a supply shock could boost oil prices dramatically. Higher rates may also push gold and silver prices down temporarily, such moves would be an opportunity to further accumulate as dollar destruction is inevitable. While the administration hypes lower inflation numbers, moves in base metal stocks in addition to rising longer term interest rates certainly tell a much different story.
AMEX:TBTLong
by AssetDesign
Silver XAG/USD Bearish FlagThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 30.11 2nd Support – 29.86 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAGUSDShort
by KABHI_TA_TRADING
10
Gold Futures Breakdown: Bearish Momentum ConfirmedGold Futures on the 30-minute chart have confirmed a strong bearish trend after breaking below key support levels. The price failed to hold near the Zone Identifier levels (2,655.9) and experienced a sharp decline following two consecutive sell signals. The breakdown below the moving average further strengthens the bearish outlook. Traders could look for short opportunities on pullbacks, targeting the next support zone near 2,600 while managing risk with stops above 2,660. This setup highlights significant selling momentum and a potential continuation of the downtrend.
COMEX:GC1!Short
by TradeTrendsPro
WTI CRUDE OIL: Bullish fractal from 2023 targets $78.50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 51.153, MACD = 0.060, ADX = 20.101) as it is trading around its 1D MA50 but at the same time remains supported on the S1 Zone. In the meantime the 1D RSI is rising on HL, which is a bullish divergence. This set of dynamics are identical to March-June 2023, when WTI was contained over the S1 Zone but the RSI was pointing to a bullish divergence that eventually caused a bullish breakout. Consequently, we are bullish now, aiming again at the R1 level (TP = 78.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2
XauUsd- New leg down towards 2610 support?In my Friday analysis, I highlighted that while the 2660-2665 zone is a technical support, it is too obvious and very likely to fall. This prediction came true as the week closed with Gold trading below this level, forming a strongly bearish daily candle. Additionally, a Pin Bar from the 2700+ resistance zone appeared on the weekly chart, reinforcing the bearish outlook. During the Asian session last night, the price tested the ascending trendline, and as of now, Gold is trading at 2656, hinting at a potential rebound following the 800-pip drop from its recent peak. Looking ahead, if a deeper rebound occurs, the 2680 zone will be a key level for bears to monitor. This area presents an ideal shorting opportunity given its favorable risk-to-reward setup. At the moment, I’m out of the market, waiting to sell into signs of weakness, with 2610 support as my target.
OANDA:XAUUSDShort
by Mihai_Iacob
18
USOIL Best Level to Short/Hold 10% swing trade setup🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is limited by strong overhead resistances, currently trading near range highs so overall risk/reward shifting in bears favor. 🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event. 🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:USOILShort
by ProjectSyndicate
5
XAUUSD: Channel Up bottom buy opportunity.XAUUSD is marginally bearish on its 1D technical outlook (RSI = 43.110, MACD = -4.500, ADX = 23.016) as it is trading under the 1D MA50 and is approaching the 1D MA100. That was the trendline that contained the correction on November 14th at the bottom of the 8 month Channel Up and delivered a strong rebound. So far it seems that Gold is replicating the April-June accumulation phase. As long as the 1D MA100 holds again, we will be bullish, aiming for a strong rebound to the 2.0 Fibonacci level (TP = 2,825). ## 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
Gold can do a correction before ascending furtherAs you can see, the price is within a bearish pennant pattern, and if this pattern breaks, the price could drop significantly. Additionally, we have a bearish divergence, which strengthens this signal. In the short term, I think gold is forming an ascending wedge, which, once completed, could lead to substantial growth. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSD
by CobraVanguard