HelenP. I Gold can rise a little and then drop to $2590Hi folks today I'm prepared for you Gold analytics. Some days ago price made a gap and then reached the support level, which coincided with the support zone. Then XAU broke this level and continued to move up to the resistance level, which coincided with the resistance zone and soon broke it too. Next, the price rose to 2720 points and then made an impulse down, breaking the resistance level, after which tried to back up, but failed and some time traded below the 2665 level. Some time later, Gold reached the resistance level again and finally broke it one more time, after which rose to the trend line. Then the price turned around and started to decline inside a downward pennant, where it soon dropped to the resistance level and broke it again. Then Gold fell to the support zone, after which turned around and tried to grow but failed and dropped back to the support zone. Recently price finally started to grow and reached an even trend line, which continues to trades close. For this case, I expect that XAUUSD will make a small move up, higher than the trend line, and then start to decline. For this reason, I set my goal at a 2590 support level. If you like my analytics you may support me with your like/comment ❤️
D-XAU
Gold can decline to support level and then start to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price started to trades inside a downward wedge, where it at once rebounded from the resistance line and dropped to the resistance level, which coincided with the seller zone. Soon, Gold broke this level and even declined a little, after which backed up to the seller zone, but soon dropped from this area to the 2590 support level. Next, the price declined below this level to support line of the wedge and then started to grow from this line and soon rose higher than the 2590 level, breaking it again. Then Gold continued to grow and reached the seller zone, after which made correction movement. After this movement, the price some time trades near the support level and later backs up to the seller zone and even a little higher, reaching the resistance line of the wedge. Then price dropped from this line to the support level, breaking the 2690 level and when it reached the support level, the price little declined to the buyer zone, after which started to grow. Now, I expect that Gold can fall to support level one more time and then start to grow. For this case, I set my TP at 2660 points. Please share this idea with your friends and click Boost 🚀
GOLD - Price can start to decline, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level.
Then price continued to decline and later fell to $2535 points, after which XAU started to grow.
Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part.
After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time.
But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level.
Now, I think that Gold can make a small move up and then start to decline to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance:
Click chart above to see the detailed analysis👆🏻
After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Bearish drop?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,647.58
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 2,649.06
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 2,562.07
Why we like it:
There is a pullback support level.
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GOLD Bearish Breakout! Selll!
Hello,Traders!
GOLD is trading in a
Downtrend and the price
Made a bearish breakout
A retest and pullback
From the key level of 2620$
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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.
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.
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.
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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.
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 🚀
XAUUSD - Daily | BREAKOUT IncomingSimple Trading - Ascending Triangle
Gold is overall bullish so if the pattern breaks, it should break to the upside. Of course, if gold can not maintain bullish momentum, it may result in a further decline in the price.
This pattern may not break out until the end of Dec. maybe into Jan. with this in mind we are still about to take price action trades on the smaller time frames.
Levels to look out for:
BULLISH:
2673 - 4hr FVG low
2683 - 4hr FVG High
2700 - supply and demand
BEARISH:
2624 - 1hr Head and Shoulder Target
2610 - Daily FVG High
2590 - Daily FVG Midpoint
2575 - Daily FVG Low
2560 - Daily Double Bottom
XAU/USD (Gold) Wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2678
2nd Support – 2692
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 2,665.31
1st Support: 2,628.12
1st Resistance: 2,690.20
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.
XAUUSD (XAU/USD)📉 Sell Signal for XAU/USD
✅ Suggestion: I expect a drop for gold. You can enter a market sell position.
🎯 Target Area:
1️⃣ 2643.654
📊 This is a great opportunity to capitalize on the downward move. 🚀
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XAUUSD 15/12/24Coming into this week, we are observing a clear shift in market bias that occurred at the end of last week, transitioning from bearish to bullish. After running the highs and selling off, we are now looking to run the lows and then buy back into the same highs. This setup could shape up to be a strong week for longs in gold, potentially leading to a clean bull run as Christmas approaches and the market slows down.
Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move.
Trade safely and stick to your plan.
Gold Technical Analysis: Volatility Ahead of Fed Rate DecisionGold Technical Analysis
The market will remain volatile this week due to the impact of Fed Rate Decision and GDP data. Gold's direction will hinge on these events, particularly the Fed's stance on interest rates.
Bearish Scenario: Continuation
Conditions:
- Price needs to stabilize below 2653 (Pivot Point).
- A further breakdown and 1H or 4H candle close below 2638 will open the door to 2623.
- Bearish momentum could strengthen further if the Fed rate remains at 4.75% or signals a hawkish stance.
Bullish Scenario: Continuation
Conditions:
- A rate cut of 25 bps by the Fed will support bullish sentiment, driving prices upward.
- Price needs to break and hold above 2653, targeting resistance levels at 2665, 2678, and 2690.
Key Levels
Pivot Point: 2653
Resistance Levels: 2665, 2678, 2690
Support Levels: 2638, 2623, 2612
Trend Outlook
- Bearish: If the price stabilizes below 2653 and key support levels break.
- Volatile: Driven by the Fed's decision and market reaction to GDP data.
Summary
- Bearish Trigger: Close below 2638, targeting 2623 and potentially 2612.
- Bullish Trigger: Fed cuts rates by 25 bps, and price breaks above 2653, aiming for 2665 and higher levels.
previous idea:
EURUSD 15/12/24Starting this week the same way we always do—with our markup on EU. Following last week’s chart, we still maintain our bearish bias. This week, we’re focusing on the highs once again as a potential sell entry zone. As you can see on our chart, all key points are clearly marked, highlighting areas to aim for and areas to sell from.
Last week, we identified a money-out area, and price reacted perfectly to this zone, aligning with our bias as it has consistently for over a month now!
Don’t expect the market to shift its bias unless it provides a very clear reason to do so. For now, we remain patient and wait for potential entry opportunities.
Stick to your plan and always follow your risk management.