Goldlong
12.11 Gold breaks resistance level, 2700 is comingTechnical analysis: key support and resistance levels
From a technical perspective, spot gold has successfully broken through and closed above the key resistance level of $2,650, and this breakthrough has provided new momentum for bulls. The oscillator indicators on the daily chart show positive upward momentum, suggesting that gold prices may continue to challenge the $2,700 mark and further touch the supply range of $2,720-2,722.
But at the same time, attention should be paid to the role of support levels. As a previous resistance level, $2,650 has now been transformed into an important short-term support. If it falls below this level, gold prices may further pull back to the $2,625-2,620 area, or even test the $2,600 integer mark. If it breaks below $2,600, it may open up more downside space, targeting the November low of $2,537-2,536.
Intraday analysis: upward momentum may continue
Overall, the upward momentum of spot gold remains solid. Under the combined effect of safe-haven demand, weak US dollar and geopolitical risks, gold prices are expected to continue to rise in the short term. However, before the Fed meeting and the release of the US Consumer Price Index (CPI) data, the market may be volatile. If the CPI data shows that inflationary pressures are easing, it may provide conditions for gold bulls to further exert their strength.
In the medium and long term, the gold market is still strongly supported by fundamentals. Investors should pay close attention to the latest developments in the Fed's policy direction and the geopolitical situation, which will continue to affect market sentiment and gold prices.
$GOLD analysis XAUUSD 4H
1. The price reacted to the 0.618 Fibonacci level around 2674 and is attempting to break the downtrend line.
2. The next major resistance lies between 2745 and 2750.
3. If this resistance is broken, the potential target could be around 2800.
4. Key support is at 2635; losing this level may increase selling pressure.
5. The current structure indicates a potential breakout of the downtrend line and a move toward higher resistances.
Gold Signal (LONG) I explained what I was looking to happen and it has happened so I'm in. Hopefully, someone caught this trade entry early enough and can make some money with me.
Gold long.I am in going long. I explained in last nights video what I wanted to happen and it has happened.
Here’s why gold exploded, trading strategiesIn the Asian market on Tuesday, gold fluctuated in a narrow range and is currently trading around 2667, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, because the Chinese central bank resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand.
It should be reminded that the US dollar index and US Treasury yields rose slightly, which made gold bulls still cautious. The price of gold is still in a range of nearly two weeks. Before the release of US CPI data on Wednesday, gold may still maintain a volatile trend. This trading day will also usher in the Reserve Bank of Australia's interest rate decision, and investors also need to pay attention.
Gold surged and fell back in the late trading. It is expected that today it will be corrected before it can further test the sideline and upper line again. From the channel point of view, this wave of rebound has not shown a signal of turning bearish in the daily chart, so it is still a priority to buy at a low price! The daily support is around 2644. However, the support in the Asian session is around 2654!
Under the stimulation of risk aversion, gold finally fluctuated upward. Yesterday, gold rose to 2676 in the US market and fell back in the short term. Gold fell as expected, but the decline in gold was not large. Bulls began to accumulate momentum to rise. Gold fell back in the Asian session and went long!
Gold crossed the 1-hour moving average. If all the moving averages diverge upward, then gold still has room to move upward. The 1-hour moving average support of gold moved up to the 2644 line. Gold can enter the market near 2654 first.
First support: 2654, second support: 2644, third support: 2632
First resistance: 2676, second resistance: 2688, third resistance: 2700
Trading strategy:
BUY: 2652-2654
SELL: 2676-2678
12.10 If gold falls back, go longYesterday, the gold market opened high at 2645.3 in the early trading due to fundamental risk aversion news. After that, the market first filled the gap and reached 2627.2. After that, the market rose strongly. The daily line reached 2676.4 and then the market consolidated. The daily line finally closed at 2660. After that, the market closed with a spindle pattern with long upper and lower shadows.
BUY: 2645 Stop loss: 2640 2635
$: 2657, 2667, 2677. Breakthroughs look at 2685, 2692, 2702-2710.
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time.
Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations!
Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold!
Bros, have you followed me to short gold? So how do you trade gold next?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
12.10 Geopolitical gold prices are expected to riseThe oscillating market is a market that accumulates momentum. The longer the oscillation lasts, the longer the unilateral continuation will last after the breakthrough. This is the basic law of the market trend.
In the morning of December 9, the price of gold rose first, which was a response to the risk events over the weekend. The safe-haven property of gold was reflected again.
The situation in the Middle East (Syria) is deteriorating continuously and rapidly. Its opposition has seized control of the capital Damascus, and the top leader has been forced to flee. This "evolution" is the key to the deterioration of the incident, which has aggravated market concerns.
Intraday analysis suggestions:
In the short term, the support below the gold price is $2,620. This position has been tested and tested many times in the early stage. The upper pressure is at $2,660 and the strong pressure is at $2,670. The early week period can maintain a bullish trend on the strong support of $2,620.
The pressure shown by the technical side is very obvious at the moment, but the fundamental support factors also exist. This is the reason for the continuous struggle between long and short positions, and it is also the reason for the breakthrough. On the whole, after the oscillation or struggle between long and short positions, the probability of the long side winning is relatively high. Therefore, the transaction can be mainly long on dips
World gold prices were under pressure last week from USDWorld gold prices were under pressure last week when the USD index increased. Recorded at 7:00 a.m. on December 8, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,040 points (up 0.32%).
Kitco News's latest survey shows that experts continue to be divided, while individual investors are optimistic about gold prices next week.
“I expect gold prices to rise next week, as long as the $2,600/ounce level holds. Three central banks in the G10 group will cut interest rates and the market predicts two banks (the Bank of Canada and the Swiss National Bank) may cut interest rates by 25 basis points" - Marc Chandler - CEO Executive at Bannockburn Global Forex - said.
"The downtrend line from the record high in late October will be near $2,680 an ounce on Monday and fall to around $2,660 an ounce by the end of next week," he added.
🔥 TVC:GOLD SELL 2657 - 2659🔥
💵 TP1: 2650
💵 TP2: 2640
💵 TP3: OPEN
🚫 SL: 2670
Gold on daily timeframe
As I mentioned in the previous analysis of gold, the $2600 level is a critical zone. The price has previously been rejected from this level and is currently showing signs of further upward movement. The next potential price target could be $2750.
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If you have any specific areas you would like to refine or if you need further assistance, please let me know!
Gold trading zones: 09-DEC-2024Your daily Gold trading briefing: Zones, insights, and opportunities.
#XAUUSD 1HR CHART LOOKOUTThe XAU/USD market is showing strong indications of a bullish breakout, with price action aligning to support further upward momentum. Key resistance levels are being tested, and buyer confidence is increasing as technical indicators favor a move higher. With steady demand for gold as a safe-haven asset, the market appears poised for a sustained rally, creating opportunities for upward moves in the sessions ahead.
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Xauusd Posiible Next Move OANDA:XAUUSD Gold Running In sell Trend Since Last day.
Now Gold is touched The Support Level 2618
Now I think Gold Move Up..
I want to place Buy/Long order from 2620
SL. 2612(-80pips)
TP. 2650(+200pips)
Trade with your own risk!!
From=Sam-Brown
$GOLD STILL GOLD Gold is in an optimal position for buying, and you can proceed with your investment. It is still in an upward trend, and given the recent events in the Middle East and the looming threat of war, a rise in gold prices and the setting of new highs seems imminent.
$GOLD UPDATE ( look at the last gold analys) Gold reacted positively to our analysis and has followed the projected path. It is expected to form a strong new resistance level soon, with a potential correction towards 2660 to 2680. However, this correction will primarily serve as a retest of the support zones, after which we will continue on the upward trend.
Bullish on Gold and Silver
Do you remember the previous post? 😉
Gold and silver moved as we expected. They showed some weakness in reaching the "Nice areas..." I highlighted this in the previous chart.
So what's next?
As I think we will see another rate cut from the US Fed I think that would be a decent driver for Gold and Silver to get a bit more stronger and don't go lower than the "Nice areas" that I highlighted.
For Silver, I see a very good potential for a move higher towards $36 (I hope before February) and for Gold, I think we can expect a bit more strength from buyers to push Gold to $3000 this year on a slow and steady pace.
Stay tuned for the next updates . . .
XAU/USD Longs from 2,590 or 2,570?Gold has been trading within a range, creating significant liquidity both above and below the current price. Once this consolidation phase breaks, I anticipate a reaction from either my supply or demand zones. Overall, my bullish outlook on gold remains intact.
I am particularly focused on the demand zones around 2,570 and 2,590, which I’ve marked as key areas. If the price reaches these levels, I expect a slowdown, allowing for accumulation before initiating a new rally to the upside.
Confluences for GOLD Buys:
- Bullish Market Structure: Higher timeframes continue to show strong bullish momentum.
- Break of Structure: Price has broken key levels to the upside.
- Unmitigated Demand Zone: Price needs to revisit these areas before continuing higher.
- Liquidity Above: There’s a notable amount of upside liquidity, particularly around Asian session highs.
Note: If gold takes out the upside liquidity, I’ll shift my focus to potential sells around 2,670, targeting the 5-hour supply zone for a reversal back down.
Gold is in the Bearish Direction after Trendline BreakoutHello Traders
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XAUUSD BULLISHyo whats up , i had to switch the bias for xauusd o think we will see a bullish move of this key level.
