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Gold

Gold breaks through the upward channel Gold ended its narrow adjustment trend in the Asian session after the opening of the European session today. The price continued to weaken in the short term. After a brief battle between long and short positions at 2625 in the US session, the price finally broke through the channel, announcing that the bears dominated the market. It is expected that the market will enter an adjustment phase after short-term heavy volume weakening. The 2610 first-line support is at the bottom, and the 2625 first-line resistance is at the top. Overall, gold's trend today is also in line with high-altitude trading expectations. Continue to short under the pressure of 2625 to be adjusted later.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
Gold adjusts in a narrow range The recent trend of gold has changed from rising to wide fluctuations. After a sharp drop in the recent period, it has entered a rebound and repair stage, but the pressure from the previous high point still exists. The short-term trend of gold rebounded and pulled up at the 2583 line, forming an upward channel. The resistance of the 2638 line above is under pressure. If it breaks through here, the market will test the 2655 line in the future. The price level has risen slowly in recent days, and the overall performance is still in an extremely weak stage. At present, the trend of the Asian session is narrowing, and the European session is opening low. At present, the trend of the Asian session is narrowing, and the European session is opening low. If the gold price in the European market continues to weaken and falls below the 2620 line, the opening of the US market is expected to form a wave of accelerated decline, testing around 2600 and 2585. In terms of operation, it is recommended to short at highs.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
Gold market trading strategy analysis: Spot gold is trading sideways and is currently trading at $2,620 per ounce. The support pressure level is short at high levels and long at low levels. The pressure level is 2642 and the support level is 2613. After breaking through the 2,620 area again in the early Asian session on Thursday, it rose sharply again as expected, breaking through the new high in the early session. The European session was trading sideways, and after a slight pullback in the US session, the bulls exerted their strength again and rushed to the 2,638 position! As long as it breaks through a new high again within the day and does not pull back if it is strong, the current high will be the subsequent low! Focus on the two points above 2,642 and 2,650 during the day, and the breakthrough of these two points is also a matter of time. Gold trading strategy: Buy gold directly near 2620, with targets at 2642, 2650, and 2664; if it touches 2650, 2664, and 2670 for the first time, you can go short; if it touches 2621, 2618, and 2612, you can buy in batches and go long; more real-time layouts are subject to actual quotes;
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
2
SPY/QQQ Plan Your Trade For 12-27-24: Momentum Rally PatternThe last Friday of the year (2024) should show up as a moderate Momentum Rally in the SPY/QQQ - possibly seeing the SPY target 603 or higher by the end of the day. Gold and Silver are consolidating into a FLAGGING formation. Bitcoin is trapped in a consolidation range (right shoulder) pattern that should break downward over the next 5+ days. This is the time to position your trades for the beginning of 2025 and prepare for moderate volatility as the markets struggle for direction. The Momentum Rally pattern, today, should present a very clean opportunity for skilled day traders. I believe a deeper low is likely to setup between January 15 and January 25, 2025. So, be prepared for another roll to the downside after we get past the New Year. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
Gold can drop to support line of wedge, breaking support levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it. After this, the price rose to 2721 points and then made an impulse down to the support level, which coincided with the support line of the wedge, breaking the resistance level. Next, Gold started to trades inside the range, where it rose to the 2665 resistance level, but then made a correction to the bottom part of the range. After this movement, the price started to grow and reached the resistance level again, and even broke it, thereby exiting from the range and continuing to move up. Price rose to the resistance line of the wedge, turned around, and quickly dropped below the resistance level, breaking it again. Later price fell to the support line of the wedge, breaking the support level, but a not long time ago it rebounded up the top resistance line, breaking the 2605 level one more time. At the moment, I think that the price can rebound from the resistance line and start to decline to the support line of the wedge pattern, breaking the support level. For this case, I set my TP at 2575 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
1
GOLD bullish movement continuesThe FOREXCOM:XAUUSD is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) 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!!
TVC:GOLDLong
by CobraVanguard
4
11.26 Gold Market Strategy Analysis: Spot gold is trading sideways at a high level, and is now quoted at $2,630/ounce. The support and pressure levels are high selling and low buying, with a pressure level of 2,642 and a support level of 2,613. Gold opened high in the morning of the Asian session, and tested the support of the 2,608 area on Monday. Gold closed at a high level on Tuesday, and ran above the 2,620 area again in the Asian morning session on Thursday, indicating that the support below is strong, and the support area is still bullish. The prediction and analysis of the Asian morning session showed that the 2,626 area above has been strongly broken, and the breakthrough will continue to look up. The focus of the day is on the 2,633 and 2,642 points above. These two points are also a matter of time. As long as you hold the long order, you can make more money! Yesterday, it was predicted that gold bulls will rise sharply in the Asian morning session today, and we have seen the results! The current highest is the 2,630 area. At this stage, it depends on whether it will continue to follow the analysis of the morning session. Wait and see! In terms of U.S. trading operations, hold long orders in hand. Gold is directly long near 2627. It has now broken through 2626. At this stage, it depends on the two points of 2633 and 2642. If it breaks through, continue to buy long. If it touches 2642 for the first time, you can sell short. See Just go to 2635-33. The U.S. market backtests 2633 and goes long again. Look above 2650! I said yesterday that if the market opens at a normal high, the expected limit of the bulls can be seen in the 2670 area! Gold trading strategy: Buy gold directly near the current price of 2627, with targets at 2642, 2650, and 2664; sell short if it reaches three points of 2642, 2650, and 2664 for the first time; buy long in batches if it reaches three points of 2624, 2621, and 2615; more real-time The layout is subject to the actual offer;
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
2
11.26 Gold Market Strategy Analysis: Spot gold is trading sideways at a high level, and is now quoted at $2,633/ounce. The support and pressure levels are high selling and low buying, with a pressure level of 2,642 and a support level of 2,613. Gold opened high in the morning of the Asian session, and tested the support of the 2,608 area on Monday. Gold closed at a high level on Tuesday, and ran above the 2,620 area again in the Asian morning session on Thursday, indicating that the support below is strong, and the support area is still bullish. The prediction and analysis of the Asian morning session showed that the 2,626 area above has been strongly broken, and the breakthrough will continue to look up. The focus of the day is on the 2,633 and 2,642 points above. These two points are also a matter of time. As long as you hold the long order, you can make more money! Yesterday, it was predicted that gold bulls will rise sharply in the Asian morning session today, and we have seen the results! The current highest is the 2,630 area. At this stage, it depends on whether it will continue to follow the analysis of the morning session. Wait and see! In terms of U.S. trading operations, hold long orders in hand. Gold is directly long near 2627. It has now broken through 2626. At this stage, it depends on the two points of 2633 and 2642. If it breaks through, continue to buy long. If it touches 2642 for the first time, you can sell short. See Just go to 2635-33. The U.S. market backtests 2633 and goes long again. Look above 2650! I said yesterday that if the market opens at a normal high, the expected limit of the bulls can be seen in the 2670 area! Gold trading strategy: Buy gold directly near the current price of 2627, with targets at 2642, 2650, and 2664; sell short if it reaches three points of 2642, 2650, and 2664 for the first time; buy long in batches if it reaches three points of 2624, 2621, and 2615; more real-time The layout is subject to the actual offer;
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
Gold Analysis and SignalsGold closed above 2630. The daily line continued to rise and re-stood on the MA10 daily average of 2625. The hourly and four-hour moving averages opened upward, and the price ran along the middle and upper tracks of the Bollinger Bands. The idea of ​​gold remains unchanged, and we continue to see fluctuations, sell high and buy low! Gold fell after rising in the US market yesterday, with very small fluctuations, but there was no strong breakthrough at high levels. On the surface, it broke through the previous high of 2633 in 1 hour, but gold did not stand firm, and it fell back at any time and fell below the previous high of 2633 again. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured, at least the market is not a unilaterally strong market! First support: 2627, second support: 2621, third support: 2610 First resistance: 2641, second resistance: 2652, third resistance: 2666 Trading strategy: BUY: 2621-2623 SELL2641-2643
OANDA:XAUUSD
by Jun-GoldAnalyst
How does gold price change on weekends? What should you note?Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices. At one point, gold prices fell to a low of $2,583. Currently, gold is trading around $2,627, stabilizing over the week. It is clear that the hawkish signal from the Federal Reserve (Fed) last week, indicating that they will slow the pace of rate cuts in 2025, supported the US Dollar (USD) to remain near its two-year high and acted as a drag on the non-yielding gold metal. Additionally, a positive risk trend contributed to limiting the gains of this precious metal. However, geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war, continue to provide some support for gold as a safe-haven asset. Furthermore, a modest pullback in US Treasury yields has supported a mild buying tone amid thin trading volumes during Christmas Eve. Therefore, it would be wise to wait for some follow-through buying before positioning for any further recovery from last week’s one-month low. The projected price increase is expected to reach $2,650. What do you think about this? Sincerely, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
Gold price forecastDonald Trump’s transition team is looking for ways to end conflicts in Ukraine and the Middle East. The trade war between the US and many countries, including China, may not be too tense. Donald Trump only sees tariffs as a negotiating tool. If the trade deficit improves, the trade war is likely to be less fierce. Donald Trump's transition team is looking for ways to end conflicts in Ukraine and the Middle East. The trade war between the US and many countries, including China, may not be too tense. Donald Trump only sees tariffs as a negotiating tool. If the trade deficit improves, the trade war is likely to be less fierce. In the long term, gold is still expected to rise as inflation signals rise again globally. The West has seen inflation return, while many Asian countries have stepped up monetary easing and have plans to pump money.
TVC:GOLDShort
by FalCol_TradingMaster
1
XAUUSD: 26/12 Market Analysis and StrategyGold technical analysis Daily resistance 2660, support below 2580 Four-hour resistance 2637, support below 2600 Gold operation suggestions: The market is in a narrow range during the Christmas holiday, market liquidity is reduced, and the volatility is naturally getting smaller and smaller. Today is still under the influence of the holiday, and it is expected that there is still no intention to break through. Gold rebounded in the Asian session, but there is still suppression above 2633. If it does not break, it will still be a volatile market. Don't think too much. Gold can be directly shorted when it touches the 2630-33 area. Hold below 2633 and watch for a volatile decline. Gold hit a high of 2633 on Monday and then fell back under pressure, reaching a low of 2608, which happened to be the 2608 support point I mentioned. On Tuesday, it fell back to a low of 2610, and once again held the 2608 support point and pulled back. Today, the Asian session opened high and approached the 2633 pressure position. Today, we will continue to pay attention to the resistance in this area. It is definitely not suitable to chase the rise near here. Before it breaks here, it will continue to rebound high. Only after a strong breakthrough above 2633 can we see the bulls continue to rise. If it falls back, we will continue to pay attention to 2608 and choose to buy low. SELL:2633near BUY:2621near BUY:2610near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDLong
by ActuaryJ
GOLD ROUTE MAP UPDATEHey Everyone, Ranging markets due to holidays yet our chart levels are being respected and allowing us to buy dips inline with our plans. We got another retest at 2629 weighted Goldturn and will now need to see ema5 lock above this level to open the range above or failure to lock will see a rejection back to Goldlturn support. We will need to see ema5 cross and lock on either Goldturn to confirm and determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for 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 2629 - DONE EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET 2655 EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 BEARISH TARGETS 2600 EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET 2561 EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE SWING RANGE 2518 - 2486 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
SPY/QQQ Plan Your Trade for 12-26-24 : Inside Breakaway PatternThis, being the day After Christmas, could be a very volatile trading day. I suggest traders sit back and let the morning volatility settle before attempting to make any big trades. I believe the markets will seek direction after Christmas and look to attempt to move into a Reversion phase (likely trending upward into the end of 2024). Overall, I believe the Anomaly event has completed - yet there is still risk for the markets to move lower before the end of Feb 2025. Follow my research and pay attention to how large the recent Daily price bars are compared to previous ranges. The current market volatility is MASSIVE. There is no reason skilled traders are not able to profit from some of these big price swings. Gold and Silver enter a CRUSH pattern. This could be a huge price move for Gold & Silver today. Bitcoin is sliding into the Consolidation Phase of an EPP pattern. This could result in another breakdown towards $72k if the EPP pattern plays out. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny