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Goldmarketforecast

GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 17the FEB 2025 Hello Traders, Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead. Recap of Recent Chart Success! Our recent analysis has proven highly accurate: ENTRY LEVEL 2744: ✅ Achieved TARGET TP1 (2807): ✅ Achieved TARGET TP2 (2870): ✅ Achieved TARGET TP3 (2933): ✅ Achieved What’s Next for GOLD? Bullish or Bearish? Last week, GOLD reached an all-time high of 2942.59. Currently, the price is fluctuating between the gap above 2933 and the gap below 2870. 2933 is acting as a key resistance level, and an FVG (Fair Value Gap) has formed to reinforce this resistance. As a result, our GoldTurn levels are now activated as key support zones. KEY LEVEL: 2870 Resistance Levels: 2933, 2990, 3051 Support Levels (GoldTurn Levels): 2870, 2801, 2744, 2671, 2595 EMA5 Behavior: * Or If EMA5 crosses and locks above 2933, it strengthens the bullish case. * If EMA5 fails to hold above 2870, cross and lock below this level 2870, expect a pullback to key GOLDTURN levels below. Recommendations: * Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade. * Stay focused on shorter trades in this range-bound market to manage volatility effectively. Long-Term Bias: Maintain a bullish outlook while viewing pullbacks as buying opportunities. Accumulate positions near key support levels for a safer approach instead of chasing highs. Final Note: Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity. Thank you for your continued trust! Don’t forget to like, share, and comment to support our work. Best regards, The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
Profitable trading methodsDear Traders, Since yesterday, I have maintained my short strategy on gold, entering small positions at 2919, 2927, and 2939, with a TP set at 2916. Gold faced resistance near the 2940 zone and has since retraced, hitting the TP of 2916 as expected. All of our short positions were closed with a profit when the TP was reached. Based on the current structure, the 2940 region remains a significant resistance zone for gold in the short term. If gold fails to break this resistance, it could potentially form a double top pattern, which would favor further downside movement. We should first focus on the support at 2915-2910, and then monitor the 2900-2895 region for additional support. If gold manages to hold above 2900 during the pullback, we should avoid aggressively chasing short positions, as a potential liquidity increase could attract more buying interest. For the upcoming trades, there are two possible scenarios: 1. If gold rebounds above 2930, we can consider shorting again. 2. If gold maintains support above 2910-2900 or fails to break below this range, we could look to take long positions. Bros, have you followed me to short gold and made a profit? 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!
OANDA:XAUUSDLong
by Trader_Marvin
XAUUSD Goes Long. Let's Make Gold Shining Bright Again. As of January 21, 2025, the price of Gold spot is trading nearly at $2750. The recent price movements and technical indicators suggest a bullish sentiment in the gold market. Recent analyses indicate a strong bullish trend for gold, supported by various technical indicators: Moving Averages: Strong Buy signals across all moving averages, from Short-term (5-day) Simple Moving Average (SMA) to Long-term (200-day) SMA , and that is suggesting a bullish outlook, supported also by 125-day SMA earlier in Q4 2024. Support and Resistance Levels: Resistance Levels: The key resistance level is set around $2800. Support Levels: Immediate support can be observed near $2720, as Reversed Head-and-Shoulders technical structure is happening right now. Market Sentiment: The overall market sentiment appears to be optimistic due to factors such as: A weakening US Dollar, which typically boosts gold prices. Anticipation of potential interest rate cuts from the Federal Reserve, which could further enhance gold's appeal as a safe-haven asset. Despite of dirty political tricks, Gold spot overperforms major US stock indices so far in 2025, and has printed already several new ATHs in 2025 against Euro OANDA:XAUEUR and British pound OANDA:XAUGBP In conclusion, the technical analysis for gold indicates a strong bullish trend with positive momentum, although caution is advised due to overbought conditions in some indicators.
FOREXCOM:XAUUSDLong
by PandorraResearch
Gold Market Breakdown: Unfolding Patterns and Key Price MovementGood morning Traders, Trust you are doing great. Allow me to continue my storyline of the Gold market. In my previous analysis of the gold market, I identified two unfolding patterns with similar directional implications. While one pattern was invalidated, the other continues to develop as expected. I projected an appreciation in the gold price from 2370.930 to the 2430-2442 region, which has materialized with gold rallying to 2425.540, where it is currently encountering resistance. Additionally, a new bearish Gartley pattern has emerged, suggesting a potential decline towards 2314.318 to complete the D-leg of the earlier identified unfolding bullish Gartley pattern. Supporting this bearish outlook are the following factors: 1. The current gold price has met the minimum requirement for leg C of the larger unfolding Gartley pattern, even though there are still room to the upside, but it shouldn't exceed 2436.857. 2. A fully formed smaller bearish Gartley pattern has been observed on the H1 timeframe. 3. The price is currently at a key supply zone that coincides with a critical level in our analysis. Given these observations, I anticipate a significant drop in the gold price. However, if the price exceeds the maximum harmonic level for the formation of leg C of the unfolding bullish Gartley pattern at 2436.857, this outlook will be invalidated. Cheers and happy trading!!!
OANDA:XAUUSDShort
by Samuel124