Could the Gold reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse to the 1st support.
Pivot: 2,676.61
1st Support: 2,646.94
1st Resistance: 2,700.39
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D-XAU
Gold's cautious gains might be a sucker-punch for bullsWhile I suspect gold will outperform in 2025, I am suspicious of these early-year gains during low-liquidity trade. Taking market positioning into account, I assess the weekly trend structure alongside areas for bulls to seek potential shots on the daily and 4-hour timeframes.
MS
GOLD - Price can rise a little and then make correction movementHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price grew inside rising channel, where it at once broke $2600 level and continued to grow next.
Soon, price reached $2635 level, but at once turned around and made a small correction, after which continued to grow.
Price reached $2635 level again and then dropped to support area, exiting from a channel and entering to wedge.
In wedge, price made an upward impulse from support line to resistance line, breaking $2600 with $2635 levels.
Gold made a correction to support line, and then bounced up to resistance line and recently exited from wedge too.
Now, in my mind, XAU can rise a little and then make a correction movement to $2645
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Heading into 127.2% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
Pivot: 2,676.20
1st Support: 2,644.09
1st Resistance: 2,700.39
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.
GOLD - Price can rise a little and then start to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined inside falling channel, where it fell to support line and then rose to resistance line.
Then Gold fell to $2615 support level, after which made a strong upward impulse, thereby exiting from channel.
Also later, price broke $2665 level and then rose to $2726 points, after which started to trades in triangle.
In this pattern, price dropped to support line, breaking $2665 with $2615 levels and then trading between $2615 level.
Later Gold finally broke $2615 level and rose to resistance line of triangle, after which made correction.
Now, I think that price can rise to almost resistance line of triangle and then start to decline to $2615 level.
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XAUUSD: Gold will continue its upward trend?!Gold is above the EMA200 and EMA50 in the 4-hour timeframe and is in its ascending channel. The continued rise of gold towards the supply zones will provide a position to sell it with a suitable risk reward.
The performance of commodities in 2024 was highly diverse. While investors turned to gold as a hedge against inflation, other commodities like iron ore experienced declines due to weak economic growth in China, the world’s largest metals consumer. It seems that the story this year will resemble that of the previous year.
Sabrina Chaudhry, Head of Commodities Analysis at BMI Research, stated, “Commodities will generally face pressure in 2025,” adding that the strong US dollar will limit demand for dollar-priced commodities.
Adrian Ash, Director of Research at BullionVault, a gold investment services company, said investors are optimistic about gold and silver in 2025 due to pessimism surrounding geopolitical conditions and rising government debt, emphasizing gold’s role as a risk hedge.
Analysts at J.P. Morgan also predict that gold prices will rise, especially if U.S. policies take a more “disruptive” turn through increased tariffs, heightened trade tensions, and greater risks to economic growth.
Gold recorded its best annual performance in over a decade last year. According to FactSet data, gold bullion prices rose by approximately 26% in 2024, driven by central bank purchases as well as retail investment.
Data indicates that China purchased gold for the second consecutive month in December. The country’s gold reserves increased to 73.29 million ounces in December, up from 72.96 million ounces in November. China’s gold buying pace has nearly doubled, with December’s 0.33 million-ounce increase significantly surpassing the 0.16 million-ounce rise in November. The value of China’s gold reserves is now estimated at around $191 billion, while its total foreign exchange reserves stand at $3.2 trillion.
Meanwhile, Goldman Sachs has postponed its previous forecast of gold prices reaching $3,000 per ounce by the end of 2025 to mid-2026. This adjustment is attributed to expectations of a slower pace of interest rate cuts by the Federal Reserve.
A slower reduction in interest rates in 2025 is likely to limit demand for gold-backed Exchange-Traded Funds (ETFs). As a result, analysts such as Lina Thomas and Dan Stryon have forecasted gold prices to reach $2,910 per ounce by the end of the year. In a note, they mentioned that weaker-than-expected ETF inflows in December — attributed to reduced uncertainty following the U.S. elections — also contributed to a lower starting point for prices in the new year.
Analysts commented, “Counteracting forces — reduced speculative demand and increased central bank purchases — have effectively neutralized each other, keeping gold prices range-bound in recent months.”
They further emphasized that central bank appetite for gold purchases remains a key driver for prices in the long term. Analysts projected, “Looking ahead, we expect monthly gold purchases to average 38 tons through mid-2026.”
GOLD WILL FALL|SHORT|
✅GOLD is approaching a supply level of 2665$
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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XAUUSD - Gold is waiting for an important week!!In the 4-hour timeframe, gold is above the EMA200 and EMA50 and is in its short-term descending channel. The continued rise of gold towards the supply zones will provide a position to sell it with a suitable risk reward.
The year 2024 turned out to be unprecedented for the global gold market. This precious metal witnessed a remarkable growth of nearly 30%, outperforming all other commodities and emerging as one of the most prominent financial assets of the year. Such exceptional performance has continued to gain the trust of analysts and professionals in the gold and jewelry industry, drawing the attention of many traders to this market.
Despite forecasts suggesting that gold prices could surpass $3,000 per ounce in 2025, the beginning of 2024 told a different story. Spot gold prices started the year at around $2,000 but fell to $1,992 by mid-February. However, Valentine’s Day marked a turning point, as gold rebounded strongly, climbing back above $2,000 and successfully maintaining this critical level.
A significant market milestone occurred at the end of February. In just two days, gold prices surged by over $60, and on the first trading day of March, the metal broke past the $2,100 threshold, setting a new record. After a period of price consolidation at higher levels, gold resumed its upward trend in the final days of the month, surpassing $2,200. By mid-April, gold approached the $2,400 mark. However, traders were not yet prepared to accept these levels, and by the end of April, spot gold prices had retreated below $2,300.
May saw renewed optimism in the precious metals market. On May 16, spot gold decisively broke through the $2,400 resistance level. Nonetheless, after reaching a peak of $2,426, prices entered the longest consolidation phase of 2024.
Finally, on June 10, gold once again broke the $2,400 resistance and managed to establish it as a support level. From that point onward, gold embarked on one of its most stable upward trends of the year, which continued through late summer and early autumn. On October 30, gold prices hit a new record of $2,788.54 per ounce.
However, the election of Donald Trump on November 5, 2024 (15th of Aban 1403), interrupted gold’s rally. Spot gold, which had reached $2,743 on November 4, dropped within 10 days to the $2,560 range.
Nevertheless, gold quickly found new support. The president-elect’s threats of tariffs and trade wars, combined with renewed inflationary concerns, pushed gold prices back above $2,700. Although the metal did not return to its October highs, it maintained strong support at $2,600 for the remainder of the year, preventing further declines.
Meanwhile, Goldman Sachs revised its forecast for gold prices, stating that the metal would not reach $3,000 in 2025. However, the bank remains optimistic that gold prices will continue to rise, albeit at a slower pace than before.
XAUUSD 6/1/25Coming into this week, we maintain a bullish bias on gold. Last week, we experienced a short-term shift to bearish, which was expected as we mentioned before the new year. Currently, we are focusing on the cluster of lows at the base of our most recent range. This is the area we are targeting for potential long trades this week.
Orion is indicating that we need to align with the long bias, so we will follow this direction and monitor targets and entries accordingly. Note that we currently have only two targets above. If the market creates another high before dropping into the mentioned lows, we may have more than two targets to work with, requiring us to trade within those areas.
Be mindful of the current structure. As mentioned in the EU analysis, we may form short-term lows to play off, which could make the lower areas less likely for the week’s initial move. As always, we wait for a low to be reached, then analyse the entry timeframe to determine if there’s an opportunity to participate.
Trade safely and stick to your plan.
Falling towards overlap support?XAU/USD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,632.46
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 2,608.78
Why we like it:
There is a pullback support level that lines up with the 78.6%^ Fibonacci retracement.
Take profit: 2,659.51
Why we like it:
There is an overlap resistance level.
2,632.46
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GOLD: Risky Long!
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move down.
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Xau/usd higher timeframe to lower timeframeXau/usd higher timeframe to lower timeframe
- This idea is based on educational purposes
Detailed analysis for higher time frame to lower time frame
Market currently at 2639.72 and in higher time frame 2621 is a rejected point more then 6 times
so when we move to lowest time frame things are more clearly and we see that market is moving in uptrend so we have to move and trade within trend
if market move and touched 2642 to 2645.00 area we will entered in buy trade and our first target would be 2650.00 then 2660 onwards
if market break the region which are selected and move downward we will take our first take profit at 2621.00 again it was crucial point but if it went again this point we will see the next move at 2605.00
Like and Comments on our Analysis
Gold can drop from resistance line of pennant to 2595 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see how the price rebounded from the support line and rose to 2790 points, after which turned around and started to decline. In a short time, the price fell to the support line, breaking the resistance level, which coincided with the seller zone and then continued to fall next. Soon, Gold declined below the support line and even broke the 2595 level and fell to 2536 points. But later Gold turned around and made a strong impulse up to the seller zone, breaking the support level one more time, and started to trades inside pennant as well. Next, the price made a small correction and then some time traded in the range, after which in a short time rose to the seller zone back. In this area, it reached the resistance line of the pennant and then started to decline to the buyer zone, breaking the 2710 level. Later XAU some time traded near the support line of the pennant and then rebounded up to the resistance line of this pattern, which at the moment continues to trades near. For this case, I think that Gold can rebound from the resistance line and drop to the support level, exiting from the pennant. Therefore I set my TP at 2595 level. Please share this idea with your friends and click Boost 🚀
Gold's Potential Movememt in 2025Here is the detailed technical analysis of OANDA:XAUUSD
1. Key Levels and Chart Structure
- Resistance Zones (red boxes): There is a significant resistance zone highlighted around $2,720–$2,740. This is an area where the price has previously struggled to break through, indicating strong selling pressure or profit-taking.
- Support Zones (green boxes): The key support levels are marked near $2,580–$2,600. This area has been tested multiple times in the past, showing buyers stepping in and defending this zone.
2. Chart Pattern
- Symmetrical Triangle: The white lines outline a symmetrical triangle pattern. This indicates consolidation and a potential breakout, either upwards or downwards, as the price nears the apex of the triangle. Triangles often lead to sharp price movements as traders anticipate a resolution.
3. Potential Scenarios
Scenario 1: Bullish Breakout (green path)
- If the price breaks above the resistance zone near $2,720, we could see a bullish rally.
- The price might retest the breakout level before heading higher towards $2,760–$2,800. This aligns with the continuation of the prevailing uptrend from earlier in the chart.
- A breakout above the symmetrical triangle would signal strong buying momentum, supported by increasing volume during the breakout.
Scenario 2: Bearish Breakdown (red path)
- If the price fails to hold the triangle's lower boundary and the key support zone near $2,580, a bearish breakdown is likely.
- This could lead to a sharp decline, targeting levels around $2,520 and potentially further towards $2,480.
- Such a move could be triggered by strong selling pressure or macroeconomic factors unfavorable to gold, such as a strengthening U.S. dollar or rising bond yields.
4. Volume Analysis
- The volume seems to be decreasing as the price moves within the triangle, which is typical for such consolidation patterns. A significant increase in volume during the breakout or breakdown would confirm the direction of the move.
5. Trading Implications
- For a bullish breakout, traders might consider entering long positions above $2,720 with stops below the triangle and targeting $2,760 or higher.
- For a bearish breakdown, short positions could be initiated below $2,580, with stops above the triangle and targets near $2,520 or lower.
- Risk management is essential, especially in volatile market conditions like this.
This analysis is based purely on the technical chart setup and does not account for any fundamental factors or news events that could influence gold prices. It would be wise to monitor any upcoming economic reports or geopolitical developments that might impact gold's movement.
HelenP. I Gold will reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from the trend line and dropped to the resistance zone, which coincided with the resistance level. Then price some time traded near this level and then tried to grow, but failed and continued to decline, breaking the 2640 level. Then it fell to the support level, and even a little below, after which some time traded and then broke the 2600 level and started to grow. Firstly Gold rose almost to resistance level, but then made small corrections and then continued to move up. Some time later price rose to the resistance zone and tried to rise to the resistance level, but failed and when it touched the trend line, the price dropped to the support level. After this movement, Gold rebounded and in a short time rose to the trend line and even broke it. At the moment, I expect that XAUUSD will rise to the resistance level and then start to decline to the support level, breaking the trend line again. For this case, I set my goal at 2600 level. If you like my analytics you may support me with your like/comment ❤️