GOLD after declining read capGold, after declining to around 2660, has bounced back and is currently moving steadily above the support zone of 2665 ==> This could support the gold price to continue to increase.
During the Asian and European session, you can watch for a downward adjustment with gold to the support zone around 2665 to buy again with targets of 2675-2690.
🐷PLAN for Buy: 2666 - 2664. SL 2661
Gold
GOLD road map (4h)The price will reach the top of Triangle = 2710 in the short term.Currently, the price is declining and it can go down to the 0.618 line and then reach the top of the triangle.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Mastering XAUUSD Gold Trading: A Trading Plan For Success!🌟 In this video, I share my detailed trading plan and emphasize why a well-structured strategy is 🔑 to success. Learn how to trade Gold 🪙 using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. 🖥️✨
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LONG TERM BULLISH - AB=CDAs illustrated, im visualizing what could be an AB=CD Pattern as a continuation structure.
We saw a strong bullish weekly candle that shows momentum and strength to the upside, and this might be our clue.
Keep in mind inflation data is likely to come in hot during JAN, which might lead the yellow metal to re-test its ATH within the next couple of weeks.
Also, geopolitical conflicts are escalating, which leads to nations to protect their economies by hedging gold.
Lastly, with China continuing its purchasing of Gold since mid NOV, the demand for gold continued growing.
It is likely we see $3.000 within the next couple of months.
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GOOD LUCK!
Gold - 15 min ( Best Buy & Sell Scalping After Break Out ) ⚡️GOLD / FXCM
Best Break Our / Key level's 15m Tf
Bullish Scenario: If the price breaks above the key level at 2693 points with high trading volume, it suggests a positive market trend
🚨Bullish After Break Out key level + High Volume / 2693 Point
Bearish Scenario: If the price breaks below the key level at 2683 points with high trading volume, it indicates a potential downtrend.
🚨Bearish After Break Out key level + High Volume / 2683 Point
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
GOLD Awaits Breakout Amid Key Data Releases!
GOLD is forming a symmetrical triangle, signaling a potential breakout soon. The price is consolidating near the 2675-2681 resistance zone, a key area to watch.
The PPI data released yesterday slightly disappointed dollar buyers, offering support to the forex market and causing a small correction in gold. Looking ahead, CPI data could bring further support to the market and drive volatility.
If GOLD breaks above 2681, we could see an upward move toward higher levels. However, a failure to hold above this zone may trigger a bearish breakdown toward lower supports.
Resistance: 2675, 2681, 2690
Support: 2667, 2656
The triangle’s apex suggests a decisive move is imminent.
Watch the CPI data and stay alert for the breakout! 🚨
Gold on high time frame
"When looking at Gold on the high timeframe, the price has been fluctuating between the $2600 and $2750 zones consistently. Valid Order Blocks (OB), inducements, and other patterns are observable on the chart. I predict that the price will finish its pullback to the mentioned zones. It's advisable to monitor candle formations closely for a good buying opportunity."
Could the Gold reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support that acts as an overlap support.
Pivot: 2,693.13
1st Support: 2,657.78
1st Resistance: 2,718.80
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GOLD XAUUSDIt's Monday, and I won't be opening positions today.
Globally, after the upward momentum and the historic highs, we are now in a sideways move, either a correction before another move up to 3000+ or a top formation. I like the first option better.
Locally
However, we can see that we have broken the resistance line but are coming back under it to gather liquidity from those who trade resistance line breakdowns. I'm looking at the yellow box above, which shows the liquidity we will take after a minor correction.
Best regards EXCAVO
Gold H1 | Potential bearish reversalGold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,685.59 which is a pullback resistance.
Stop loss is at 2,695.00 which is a level that sits above the 78.6% Fibonacci retracement and a pullback resistance.
Take profit is at 2,662.73 which is a swing-low support.
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Gold's shakeout may not be overLast week in a video I expressed my concerns that the start-of-year gains were a bit suspect. So it is interest to see that a bearish engulfing day formed around a resistance cluster including a weekly VPOC and trendline from the record high.
Prices remain within a small symmetrical triangle on thew daily chart which could really break either way, but with such a strong bullish trend on the weekly, any retracement seems likely to be shallow. I also see gold hitting record highs this year.
For now, the leg lower from Friday's high appears to have formed in one way within the triangle, which implies at least one leg lower within it.
Bears could seek to fade into moves towards 2700 and target the HVN around 2646 or the lower trendline of the triangle.
Matt Simpson, Market Analyst at City Index and Forex.com
Gold prices under pressure from profit takingAt the beginning of the trading session on January 13 (US time), the world gold price fell sharply due to the high demand for profit-taking in the market after the price increased continuously in recent sessions. In addition, the USD also increased sharply. The DXY index reached 109.9 points, the highest level in 2 years.
However, according to analysts, in the last sessions of last week, the gold price continuously approached the level of 2,700 USD/ounce, showing positive signals for the precious metal in the future, despite the great resistance of the recovering USD and the rising US Treasury bond yields.
It can be seen that in the context of many factors against gold, gold is supported by the hedging tool of inflation, financial market fluctuations, economic and geopolitical tensions.
The latest survey results from WisdomTree, an American asset management group, show that the main purpose of using gold in investors' portfolios is "diversification" to spread risks, helping to minimize potential risks in other investments.
Gold prices will fluctuate strongly when Trump takes officeGold prices fluctuated violently today when the USD Index reached 109.35 points, helping the value of the USD increase to its highest level in the past 2 years.
On the other hand, bond interest rates also increased to nearly 4.8%, which encouraged many people to invest in this investment channel. Since then, very little money has flowed into the gold market. Today's gold price has taken on additional disadvantages.
Under pressure from the USD and US bonds, speculators may think that holding gold is disadvantageous. Therefore, many people have sold gold to take profits. Today's gold price has naturally "evaporated" tens of USD/ounce.
Analysts say the international gold market is fluctuating unpredictably due to investors' concerns about financial stability, before Mr. Donald Trump returns to the White House on January 20.
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower after facing resistance at the 5-day moving average. As mentioned yesterday, selling at the 5-day moving average was an effective strategy, and since it touched the 5-day line during the pre-market, sell-side trades were easier throughout the day. The daily chart shows continued selling pressure with six consecutive bearish candles. As discussed, it's important to monitor the 120-day moving average support and keep an eye on a potential overshoot down to the 20,300 area.
On the 240-minute chart, the MACD has crossed above the Signal line (golden cross), but selling pressure persisted. While a death cross has not yet formed, if it does, it could trigger a third wave of selling. Conversely, a failure to form a death cross could lead to a rebound, potentially forming an inverse head-and-shoulders pattern. Avoid chasing sell-offs and focus on range-bound trading strategies. Additionally, today’s CPI release could cause a lower wick and a bullish reversal candle, so caution is advised.
Oil
Crude oil closed lower after facing resistance near its recent high. The $79 level remains a strong resistance zone, and the significant divergence from the moving averages makes it difficult to break above easily. Some correction was expected in this area, and while the price has pulled back, it remains far from the 5-day moving average, suggesting the potential for further declines.
The daily chart indicates support in the $75–$76 range, and a drop to this area should not be ruled out. On the 240-minute chart, a sell signal on the MACD has appeared, but there is still divergence from the zero line, making buying at major support levels a preferable strategy. Selling near $79 remains valid. Additionally, oil inventory data is scheduled for release today, which may influence the market.
Gold
Gold ended with a doji candle, forming a small range after digesting the PPI data. Today’s CPI release is expected to provide a clearer direction for the market. Recent declines in expectations for additional rate cuts have been supporting gold prices. As today’s inflation data impacts Treasury yields, gold’s direction will likely hinge on the bond market's response.
If gold forms a bullish candle today, both the MACD and Signal lines may rise above the zero line, continuing the bullish trend. Conversely, if gold closes with a bearish candle, it is likely to remain within the $2,625–$2,725 range for the time being. On the 240-minute chart, support around $2,680 is key, with the MACD potentially attempting to cross above the Signal line. Failure to form a golden cross could result in further declines. Focus on buying during dips before the CPI release, as this is the most favorable approach today.
Wishing you a successful trading day!
■Trading Strategies for Today
Nasdaq - Bearish Market
-Buy Levels: 20,840 / 20,780 / 20,745 / 20,570
-Sell Levels: 21,015 / 21,070 / 21,120 / 21,190 / 21,320
Oil - Bullish Market
-Buy Levels: 77.50 / 76.90 / 76.50 / 75.70
-Sell Levels: 78.60 / 79.10 / 79.65 / 80.10
Gold - Range-bound Market
-Buy Levels: 2,683 / 2,674 / 2,666 / 2,661 / 2,654
-Sell Levels: 2,704 / 2,712 / 2,717 / 2,723 / 2,729
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
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WIG (Warszawa, PL) to Gold (in ounces), 1M (Heikin-Ashi)Dear Everyone,
Today, one more time I present the wide index in Warszawa (PL) in relation to Gold prices (of an ounce). Of course, the price is using monthly candles with Heiki-Ashi preparation. So, there is presented bigger timeframe.
As we could see, there is a real possibility to buid an inverse Head-&-Shoulders pattern. But, we will see, what future will bring to us. The prices in Warszawa could stay in relation to Gold at current levels even to March or May. But the chart seems to be very promising for the second half of the year and next year.
However, we need to keep in mind as there is also other element: Gold prices. Let's remember that when we have (now) the time of real positive interest rates (read as: cash shortage), there is a question if the prices of Gold would be only higher and higher - IMHO that's slighthly controversial thesis.
As always, with best regards to you all,
Paweł
XAUUSD: 1H MA200 rebound.Gold is neutral on its 1D technical outlook (RSI = 54.885, MACD = 7.900, ADX = 30.745) as it is consolidating between the 1H MA50 and 1H MA200. Since yesterday, it has found support on the latter. The 1H RSI is rebounding in the same way it did on January 6th, which was the previous HL of the Channel Up. This indicates that it is a buy opportunity. The two bullish waves before both hit their 1.618 Fibonacci extensions to form a HH at the top of the Channel Up. Consequently, we turn bullish on Gold now, aiming at the 1.618 Fib (TP = 2,720) which conveniently falls a little under the R1 level.
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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great day on the charts today with Gold recovering from yesterdays drop, perfectly inline with our plans to buy dips.
Our 4h chart idea Bullish target 2694 was hit at the start of the week and now our bearish target also complete at 2665. No lock on either weighted level and therefore playing between both levels in this range. We need ema5 to cross and lock above or below the weighted Goldturns to determine the next range.
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
2694 - DONE
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE FOLLOWING BEARISH TARGET
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
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
Will gold’s bullish trend change today?
On the daily line, the daily line continues to be positive for four consecutive times, and the price is effectively running above the short-term moving average and the Bollinger Middle Track. Even if there is a pullback, the shape remains the same. This is enough to show that the advantage of the bulls has not changed. The current short-term moving average has moved upward again. Forming support, other cyclical indicators maintain a bullish arrangement, and the Bollinger Bands as a whole continue to extend upward. In addition, the macd indicator double-line golden cross upward form shows sufficient upward potential. Therefore, overall on the daily line, bulls will reach new highs. High probability. In terms of the 4-hour, after the shock consolidation of the US market last Friday, it can be confirmed that gold has stabilized at 2665. This is enough to be reflected from the fact that a long lower shadow big positive line was collected during the US market. In addition, the current short-term moving average forms an upward pattern at 2685 and 2678, and other periodic indicators also show a bullish arrangement. In addition, the Bollinger Bands open upward as a whole, and the MACD indicator double lines are in a golden cross upward pattern, showing sufficient upward momentum. Therefore, the overall 4-hour level should be dominated by bulls.
For the operation strategy of gold at the beginning of this week, it is recommended to continue to do more at low levels and short at high levels. For the support and resistance below, pay attention to the 2685-2680 area first, and continue to look at the 2700-2710 area above in the short term. If it is broken by the bears, then focus on 2673 and 2664. In particular, the latter, as the negative drop point of non-agricultural data, will become the strongest defense of the bears. Long orders need to be decisively arranged above. For the upper resistance, pay attention to the vicinity of 2703 first, and then pay attention to the area of 2712. You can try short-term shorting when it is touched for the first time.
In terms of gold's short-term operation ideas today, our team recommends mainly longs at the low levels of the correction, supplemented by shorts at the rebound highs. The top short-term focus is on the 2700-2710 first-line resistance, and the bottom short-term focus is on the 2665-2660 first-line support
Gold operation strategy:
1. Gold retreats to the 2663-2665 line, cover positions and buy long, stop loss at 2655, target 2690 line, break the position and look at 2704-2707 line
2. Gold rebounded for the first time, sell short at the 2710-2712 line, stop loss at 2720, target the 2665-2670 line, and look at the 2653-2658 line if the position is broken;