Gold Breaks Out: Bullish Momentum Building Above Key PatternGold is breaking out aggressively above the symmetrical triangle pattern, signaling a potential bullish continuation. If the price retests the breakout level and holds, we could see a significant move higher.
The 100 EMA is also providing strong dynamic support, further reinforcing the bullish sentiment. A sustained breakout above this range could target new highs in the coming sessions.
Goldlongsetup
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UPWARD channel on ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Will gold still continue bullish? (Yes until 2690)Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for Asian session XAUUSD is ready for a bull run I have 2 confirmations one the rejection from the support level and second choc in m30 time frame so we are hoping a good buy from here (2650) our take profit will be 300 pips 2680 and our stop loss will be 100 pips 2640 I wish we all together print some money.
Good Luck :)
1.9 Risk aversion rises, gold is short-term bullishIn the early Asian session on Thursday (January 9), spot gold fluctuated narrowly at a high level and is currently trading at $2,662.59 per ounce. Gold prices hit a nearly four-week high of $2,669.83 per ounce on Wednesday after a weaker-than-expected December private employment report relieved some market participants, who believed that the Federal Reserve might not be so cautious about easing policy this year. Reports on Trump's tariffs also provided safe-haven support for gold prices, but U.S. Treasury yields also rose as a result, and the dollar continued to rise, which made gold bulls cautious. After hitting 2,669, gold prices fell back to around the 2,650 mark and closed at $2,661.46 per ounce.
The gold market opened at 2648.4 yesterday morning and then fell back. The daily line reached a low of 2644.9 and then fluctuated and rose. The daily line reached a high of 2670 during the US trading session and then the market was consolidated. The daily line finally closed at 2661.8. The daily line closed with a medium-sized positive line with an upper shadow slightly longer than the lower shadow. If the market falls back to 2652 today, stop loss at 2647, and the target is 2665 and 2670. If it breaks, it will be 2674 and 2680.
GOLD 1HR CHART UPDATE READ CAPTION Gold has reached a critical juncture, encountering significant resistance at a major price level. This marks a pivotal moment for the precious metal, as traders closely monitor whether it will break through this barrier or reverse course. The outcome at this level could shape the trajectory of gold's movement in the near term, reflecting market sentiment and broader economic influences.
1.8 Gold welcomes ADP long-term bullish trendGold market analysis
Gold has been volatile these days, washing back and forth without any rules. Judging from yesterday's performance, it is still impossible to determine whether the bulls are coming if the 2665 position is not broken. The daily line closed with a long upper shadow, and the center of the oscillation moved up. Today's idea is to treat it as more oscillation. The weekly line fluctuated for a week last week. This week's estimate will still fluctuate under the influence of data. Today, the ADP estimate is difficult to change the oscillation. We expect the subsequent non-agricultural employment data to lead it to run out of oscillation. Today, we will focus on the oscillation range of 2632-2665. In this range, we will run high and buy low. The current K line is already above the moving average, and gold is more oscillating.
The analysis chart above for gold is the rhythm we estimated. The first support of the white plate is near 2640. Last night, we also accurately captured profits at 2642. This position is the support of 4H. There is still more room for the white plate to step back to this position. The stronger one is near 2632. If this position is broken, it may move down again.
Support 2632 and 2640, pressure 2665, the strength and weakness dividing line of the market is 2640
1.8 Gold Operation Technical Analysis StrategyGold rebounded after hitting the bottom yesterday, and began to rebound after reaching the lowest level of 14, which continued until the evening of the day. The current highest level reached around 64, which has reached the previous high point. This position is also the effective point of the continuous suppression of the shorts in the recent period. With the strong rebound during the day, it also reached this position, but it is very likely to form a three-top pattern, so this position is also the point where we continue to try to short. Once it breaks up, the retracement of this wave of shorts will also be declared over, and the support below is maintained at the top and bottom conversion 50 line position. If it continues to break down this position at night, the bulls may also be in place, which is likely to be the last wave of short-selling. Although the bulls have rebounded, they have not yet reached the realm of a strong breakthrough. There are still many uncertainties in the market. In addition, this week is the release of non-agricultural data, and the previous shocks are also likely to lay the groundwork for the release of non-agricultural data. In the evening, we will still maintain gold at around 63-64 for short selling, with a target of around 50-40 and a loss of 70.5.
Short-term operation:
SELL: 63-64 Target is around 50-40, stop loss is 70.5.
Target Achieved: Our XAUUSD Forecast Was Spot On!The market has hit the target just as we predicted! 🚀 Our analysis of the strong 4H trendline and bullish momentum proved accurate, with the price continuing to push upward as anticipated. This is a testament to the power of technical analysis and staying disciplined with the trend. 📈
Stay tuned for more insights and forecasts! 💡
GOLD (XAUUSD) ANALYSISFrom the updated chart, here's a refined **analysis and target projection**:
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### **Analysis**:
1. **Current Price**:
- Gold is trading around **2645.59**, showing a bullish attempt to break above recent resistance levels.
2. **Demand Zone**:
- A possible higher low (HL) formation is near the **2620–2630 zone**, indicating strong buyer interest. If this level holds, the price may continue its upward movement.
3. **Resistance Areas**:
- The next immediate resistance zone lies between **2650–2660**, where a minor supply zone exists.
- If this zone breaks, the price may target the next significant supply level around **2680–2700**, as suggested by the higher green zone.
4. **Bullish Continuation**:
- The drawn purple arrow indicates a potential retracement into the support zone, likely around **2635–2640**, before continuing the bullish trend.
- The market structure remains bullish, with higher highs (HH) and higher lows (HL).
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### **Targets**:
1. **First Target (Short-Term)**: **2650–2660**
- A logical level for partial profit-taking or initial resistance.
2. **Second Target (Mid-Term)**: **2680–2700**
- A higher supply zone, with the potential to act as a significant resistance level.
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### **Invalidation**:
- A break below **2620** would invalidate the bullish setup and could lead to further downside toward **2600 or lower**.
Gold buy zone CAPITALCOM:GOLD
Buying Zone: 2610**
- **Rationale:** The 2610 zone represents a strong **support area**, where you anticipate buyer interest will outweigh selling pressure, leading to a potential price reversal or bounce.
- **Confirmation Signals:**
- Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) or significant buying volume around 2610 on the **1-hour chart**.
- Ensure that price respects this level without breaking below it significantly, confirming it as a reliable entry point. CAPITALCOM:GOLD
**Target: 2634**
- **Rationale:** The 2634 level is identified as a **resistance zone** or a high-probability take-profit area. This could be a previously tested resistance or a psychological level where selling pressure is expected.
- **Technical Indicators:**
- Monitor for potential slowing of momentum (e.g., RSI divergence or overbought conditions) as the price approaches 2634.
- Watch for a failure to break 2634 on prior attempts, as this strengthens the case for a reversal or consolidation near the target.
**Risk Management**
- **Stop Loss:** Place your stop loss slightly below the **2610 level**, around 2605 or lower, depending on your risk tolerance, to protect against invalidation of the support zone.
- **Risk-Reward Ratio:** Ensure the trade offers a favorable risk-reward ratio. For instance, if targeting a $24 move (2610 to 2634), limit your risk to around $10 (stop at 2600).
12.23 Technical Analysis of Gold Short-term OperationsLast week, the gold market opened at 2650.3 at the beginning of the week, then rose slightly to 2664.7, then fluctuated and fell. The weekly line reached a low of 2582.6, then rose at the end of the trading day, and finally closed at 2622.8, and then the market closed in a hammer-like pattern with a long lower shadow. After this pattern ended, the weekly line was rubbed and consolidated. In terms of points, today's decline to 2610, stop loss at 2600, and the target is 2635 and 2640.
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
Gold can hit 2750 before continuing it's bearish reversal trend?Gold prices climbed further, driven by escalating Middle East geopolitical tensions and a Wall Street selloff boosting safe-haven demand.
China likely acquired over five tonnes of gold in Nov, according to the PBoC report.
Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals.
XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum.
If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal.
Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend.
1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684.
Fundamental Insight
Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum.
As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs.
Technical Outlook
On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are:
Resistance: $2,720
Support: $2,689 and $2,610
A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders.
Stay tuned for more trading insights and strategies!
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.
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.
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
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.
12.6 Gold breaks bottom to welcome non-agricultural sector!Tonight's non-agricultural data, the market is divided into two sections:
1. Before the non-agricultural data, according to the current rhythm, it is considered to be volatile, so change the range or short, volatile 618, choose the intraday decline and rebound 618 position, you can also short.
2. Non-agricultural data, last month's non-agricultural data was only 12,000. According to ADP, it is bullish for gold, but the data is bullish, and the probability of non-agricultural data being negative is not high. It can only be lower than expected. At the same time, the increase in unemployment rate is bullish for gold. This is also difficult.
So for the evening non-agricultural data, the current decline will either release the non-agricultural trend in advance or rush down and fall back. It is unlikely to be simply bearish.
The intraday short-term 618 position is at the 2626-8 line, which can be blocked for the second time.
Non-agricultural support, if it continues to break the bottom, don't grab more, this kind of continuous bottom breaking, more is meaningless.
See if it bottoms out and rebounds, and treat it as a new range of fluctuations.
Focus on the 100-day moving average position below, the daily large-scale support level
In addition, according to our shock formula, short-term and long-term opportunities are not available at the moment.
Before the non-agricultural market, there will be a second reminder, just follow the members.
12.6 Gold shock awaits non-agricultural sector① Gold was still in a range yesterday and needs to wait for Friday's non-farm payrolls;
② The current daily indicator MACD is oscillating near the zero axis, and the dynamic indicator STO is oscillating upward with two lines; it means that there is no direction.
③ The daily Bollinger Bands are beginning to shrink and compress the range on the three tracks. The current upper and lower track range is 2705-2558, and the small range is the middle track and MA30 adhesion point 2631-2667
④ The current 4-hour moving average is entangled with the middle track, and the upper and lower tracks are running flat, which means range oscillation. The current range is 2629-2656.
Strategy:
Long near 2615, defend 2605, and target 2644-2650-2658
Short near 2660-62, defend 2669, and target 2650-2645
12.5 COMEX Gold Technical AnalysisFrom a technical perspective, the gold daily line is close to the upper edge of convergence, and the Bollinger Bands show signs of closing. At the same time, the price has not broken through the moving average pressure, and the KDJ indicator is in a state of fluctuation without an obvious direction.
The daily level convergence pressure is around $2,690. If it breaks through, it is expected to accelerate upward and test the previous high point. If it breaks below the support of 2,640, it will accelerate downward.
From the 1-hour level, the Bollinger Bands are closing, and the convergence structure is entering the end, waiting for the direction to be chosen. The current volatility has dropped significantly.
The technical indicators remain volatile, with intraday high selling and low buying, and the lower support is $2,650 and the upper pressure is $2,690.
SELL: 2,650 Defense: 60 Target: 35-----30