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XAUUSD: 11/12 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2725, support below 2627 Four-hour resistance 2704, support below 2676 Gold operation suggestions: 4-hour chart bottomed out and rebounded, it is expected that the probability of falling below the 4-hour low of 2675 is not high, then look for opportunities above 2675 to continue to arrange long orders, and there may be opportunities to short if the daily high of 2704 is not broken. Radicals can try it, and admit defeat and exit after breaking the daily high of 2704 From the current 4-hour analysis, the upper short-term pressure focuses on 2700-2720, and the lower short-term focus is on the 2676 first-line support. The operation is mainly based on retracement and long Pay attention to avoid the time of CPI news release to prevent hitting SL due to high market liquidity BUY:2660near BUY:2678near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
#GOLD 1HR CHART 🥇 Gold in the Asian session this morning was supported to increase and surpassed the nearest peak at around 2726. But it is currently declining slightly. ➡️With the gold price increasing by nearly $100 since the beginning of the week, chasing gold at this high price level is potentially risky. Gold may have a downward adjustment after the recent increase. However, the upward trend of gold is good, if gold declines to retest the 2690 - 2688 area, you can consider buying gold again. If anything changes, we will update the view later. Good luck 🛫
OANDA:XAUUSDLong
by TradeAdvisory
Gold Analysis Today DECEMBER 12, 2024 Strong Growth or Collapse?SPDR Gold Trust Gold Fund bought 2.59 tons of gold yesterday, December 11 Important resistance: 2733 - 2740 - 2750 Important support level: 2680 - 2675 - 2700 XAUUSD OANDA:XAUUSD trading strategy around price area: BUY XAUUSD around 2700-2701 Stoploss: 2695 Take Profit 1 : 2710 Take Profit 2: 2720 Take Profit 3: 2730 “If there is a break through the 2728 area during the day, we should watch to sell around the 2749-2750 area in a long-term channel.” SELL XAUUSD around 2749-2750 Stoploss: 2756 Take Profit 1 : 2745 Take Profit 2: 2740 Take Profit 3: 2733 Note: Always install Stoploss in all cases to be safe!
OANDA:XAUUSD
by Henrybillion
ANALYSIS OF GOLD TREND TODAY, DECEMBER 12, 2024: UP OR DOWN?Technical Analysis from the Chart: The price has broken through the previous descending trendline (yellow line) and is now in a recovery trend. Currently, the price is approaching a strong resistance zone at $2,710 - $2,725, an area where selling pressure has been prominent in the past. Key Levels: Main Resistance: $2,710 - $2,725 (previous highs and key Fibonacci zone). Nearby Support: $2,680 (MA200 and Fibonacci 0.618). Strong Support: $2,650 (previous lows and psychological support level). Indicators: RSI: Currently near the overbought zone, signaling a potential price pullback in the short term. Stochastic: In the overbought zone and showing signs of a possible reversal. Price Action Pattern: The price is currently testing a strong resistance zone. If it fails to break through, there is a chance it will correct back to support. Trading Strategy for XAUUSD in the Current Price Range: SELL XAUUSD around the $2,720 - $2,721 zone: Stoploss: $2,726 Take Profit 1: $2,715 Take Profit 2: $2,710 Take Profit 3: $2,700 “If the price breaks above $2,728, look for a sell around $2,749 - $2,750 in a longer-term channel.” BUY XAUUSD around the $2,679 - $2,680 zone: Stoploss: $2,674 Take Profit 1: $2,685 Take Profit 2: $2,690 Take Profit 3: $2,700 Note: Always set a stoploss in every trade to ensure safety! @Henrybillion wishes you a successful trading day!
OANDA:XAUUSDLong
by Henrybillion
1
XAUUSD - Gold Monthly TargetOverview: Gold and silver have outperformed most other "safe haven" assets. These precious metals are ending the year with remarkable gains. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. Price: The Bull trend started back in March! (2040). Nine months of continued bullish price actions and blue candles and the price has topped all the way to 2800. Last month (November) we saw gold drop to 2500 finding support. Today gold is back on track creating higher highs in the intraday timeframes. Monthly: The Cup and handle pattern. On the monthly gold is currently in the cup and handle bull run. Pay attention to the Fibb retracement levels. Gold has already touched the 50% and found support at the .618. With the current volume and bullish momentum, gold could easily find the strength to break higher and reach the target (3500) in the next 3-4 months Monthly Pattern Target: 3560 Key Levels: Resistance: 2750 3150 Support: 2500 2600
FOREXCOM:XAUUSDLong
by nikdobii
GOLD TECHNICAL ANALYSIS 1H : WHAT TO EXPECT TODAY OANDA:XAUUSD price is floating around major resistance area. if on the 1h timeframe, price is able to close above 2717 then we can look for buying after support retracement. BUY TARGET: 2732/2750 But if gold closes below 2675, we can predict that it'll fall towards 2644 soon. But right now, it's in neutral position. right now wait till any confirmation. Trade rationally not emotionally. follow & like this idea as I'll be updating you guys on the market situation.
OANDA:XAUUSDLong
by Forex_Analysis_Wing
XAUUSD potential buy signalHere is our signal on XAUUSD . Potential long opportunity. As the price on XAUUSD has broken the long-term consolidation at 2666 , we could potentially see more upside on gold if we manage to stay above 2660 . Our entry is sitting at 2667 with SL (Stop Loss) sitting below the 2660 area at 2656.700 . Our TP (Take Profit) is sitting at the next KL (Key Level) at 2685 . PARAMETERS - Entry: 2667 - SL: 2656.700 - TP: 2685.000 KEY NOTES - XAUUSD broke the consolidation area. - Staying above 2660 would confirm our buys. Happy trading! FxPocket
OANDA:XAUUSDLong
by FxPocket
12.11 Gold Breakthrough? Exploring the bottom?Gold broke through the range yesterday and rose sharply, with a medium-sized positive line on the daily line. This is mainly because it did not retreat to the key resistance level of 2688-9, which was the previous decline. In addition, it also formed another force at 7-8 o'clock in the morning, and went through a cycle. In terms of technical points, today's technical points are basically the same. 1. The previous day was strong, and the second day's morning 7-8 o'clock saw an increase. 2. The morning rose, forming a low point watershed. Today is 2693. 3. The European session broke the previous day's high, so the US session must be long twice, and the correction at 6-8 o'clock requires one more time in the US session. 4. There was no cyclical decline after 10 o'clock in the US session yesterday, and the resistance level of 2689 was blocked, but there was no decline. 5. The rise continued to break the high in the early morning, and it is destined to have more cycles in the morning today. And the morning continued to rise, breaking the 2700 line. How to look at it today? From the 4-hour perspective, the market has been rising with broken Yang all the way. There are two trends for this pattern: 1. Continue to accelerate the rise at the current position. The upper resistance is 2722-24, the previous high point. 2. This kind of broken Yang has a relatively fast bottoming out and rebound during the day, and then continues to be strong. Because after the morning market, the long position is very stuck, it depends on how to understand it: From the perspective of the pattern, it is unnecessary to short, either continue to wait, continue to rise during the day, and continue to be long in the US market. Or wait for more intraday retracements, but this kind of retracement now, if it returns to the starting point in the morning, it is not meaningful, and it can only break the position and rise. Therefore, we are more inclined to the latter, and the European market will quickly bottom out and rebound during the day. In other words, there is no need to chase the longs, wait for more intraday retracements, or wait and see the US market. Although the watershed in the morning is at 2693, according to the continued rise in the early morning, the watershed is at 2684-5, which is the focus of today's attention. In view of the intraday retracement, especially the retracement after breaking the watershed, we are considering more, and we will see the bottom rise. Or it is extremely strong, and it will continue to pull up directly, and we will see the show during the day, and we will see more highs and falls in the US market. The key resistance above is 2722-4. Short-term support is 2684-5. Other positions are not considered for the time being, just pay attention to the intraday prompts.
TVC:GOLD
by AIan_Gold
1
Gold Spot Analysis - Bullish ScenarioOANDA:XAUUSD OANDA:XAUUSD FX:XAUUSD PEPPERSTONE:XAUUSD Key Levels: Resistance Zone: $2,789.87 (100% Fibonacci Extension) Support Levels: $2,628.99 (50% Fibonacci Retracement), $2,607.20 (61.8% Fibonacci Retracement). Bullish Setup: The price has retraced to the 61.8% Fibonacci level (B), suggesting a potential upward move to the 100% Fibonacci Extension target at $2,789 (C). Trading Idea: Entry: $2,607 - $2,628. Stop-Loss: Below $2,585.06. Target: $2,789.87, extended to $2,840.08. Technical indicators align with a corrective pullback phase (wave B), with the next rally possibly marking wave C. Do your own analysis before trading!
FX:XAUUSDLong
by Trwin
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.
TVC:GOLDLong
by AIan_Gold
1
XAUUSD Trade LogXAUUSD Daily/Monthly Long Setup Trade Logic: - Setup: Long position initiated within a high-confluence zone supported by multiple technical and structural factors. - Confluence Factors: - Daily/Monthly Buy Signal: Higher timeframe signals indicate strong bullish momentum and continuation potential. - Trendline Support: Price has respected a long-term ascending trendline, acting as dynamic support. - Fair Value Gap (FVG): Entry aligns with a daily FVG in a discount zone, offering a high-probability long opportunity. - Kijun Support: Both daily and weekly Kijun lines provide additional support confluence. - Liquidity Zone: Recent sweep of liquidity below equal lows clears the path for a bullish reversal. - Risk-Reward Ratio (RRR): - Stop-loss set below the trendline and daily FVG for tight risk management. - 1:3 RRR targeting the weak high at 2,910 , with secondary targets near 3,000 for extended profits. Macro Context: - Market Sentiment: Safe-haven demand for gold is rising amid geopolitical and economic uncertainty, aligning with bullish technical signals. - Dollar Weakness: Weakening USD supports upside momentum in XAUUSD. - Volume Profile: Strong buy-side volume near key support levels indicates institutional participation. Execution Plan: - Long entry near the confluence zone of the trendline, FVG, and Kijun support. - Maintain stop-loss below the daily FVG to manage risk effectively. - First target near 2,910 , with extended targets at 3,000 for partial or full profit-taking. - Reassess position if price closes below the trendline or invalidates the daily buy signal. Extra Note: Monitor macroeconomic events such as interest rate announcements or geopolitical developments that could affect gold prices. Let me know if further adjustments are needed!
OANDA:XAUUSDLong
by Fondera
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
TVC:GOLDLong
by Jun-GoldAnalyst
The Bullion on the Rise Again📊 FX:XAUUSD Gold (XAU/USD) Weekly Market Update Hey traders, While I couldn’t prepare our usual video analysis, here’s a detailed breakdown of the Gold market alongside chart snapshots. Last week, Gold revisited the 2615 level, near the 38.2% Fibonacci zone , which turned out to be yet another bear trap. Many shorts got liquidated, as seen in the surge in short volume. Thanks to our strategy, we stuck with the trend, entering at 2629 . We’re now running a strong 400 pips Open P/L , with Gold currently heading towards the 26.2% Fibonacci zone. 🔑 Key Levels to Watch: Minor resistance expected at 2685 and 2710 before reaching the 2750 target profit. 🔍 Fundamental Backup to Our Trade: 1️⃣ Geopolitical Tensions: Escalating Middle East instability: Rebel forces ousted President Bashar al-Assad in Syria, heightening fears of broader regional uncertainty. Safe-haven demand for Gold surged as investors sought security amidst these developments. 2️⃣ China's Gold Purchases: China's central bank resumed gold acquisitions in November after a six-month break, providing additional bullish momentum. 3️⃣ Dovish U.S. Monetary Policy: Friday’s U.S. jobs report indicated softening labor market conditions, fueling expectations for a 25-basis-point rate cut at the Fed’s final meeting this year. Lower interest rates enhance Gold’s attractiveness as a non-yielding asset. 🔮 Potential Scenarios: Bullish: Sustained geopolitical instability and dovish monetary policy may drive Gold above the 50-period SMA (~$2,678) and closer to our target. Bearish: A reduction in geopolitical risk premium or sticky inflation could pressure Gold toward the 100-period SMA (~$2,586)- very unlikely. Stay sharp, watch these levels, and trade smart! 💡 🧠 Let’s Collaborate! What’s your take on GOLD this week? Share your ideas and charts below in comment. Let’s discuss whether we’re headed to new highs or revisiting support levels! Cheers, The NFX Team™ 💚
FX:XAUUSDLong
by niclaxfx
GOLD 1HR CHART XAUUSD Gold is displaying strong indications of upward momentum, driven by favorable market conditions and a renewed interest in safe-haven assets. With global economic uncertainties, a weaker dollar, and ongoing geopolitical concerns, gold continues to attract investors seeking stability. Technical analysis suggests a bullish trajectory, with key resistance levels potentially being tested in the coming sessions. If these levels are breached, the upward trend could accelerate further, paving the way for significant price gains. However, traders should remain cautious and monitor macroeconomic developments that could influence market sentiment...
OANDA:XAUUSDLong
by TradeAdvisory