Gold is Ready to PUMP Again!!!As expected, Gold ( OANDA:XAUUSD ) hit the Targets I identified last week and started falling again .
Gold is moving near the Heavy Support zone($2,605-$2,584) , Potential Reversal Zone(PRZ) , and Support lines .
According to Elliott's wave theory , Gold appears to form an Expanding Flat (ABC/3-3-5) .
I expect Gold to rise again from the Potential Reversal Zone(PRZ) .
⚠️Note: If Gold breaks the lower line of the ascending channel, it will likely lose the Heavy Support zone($2,605-$2,584).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Goldprediction
12.24 Technical Analysis of Gold Short-term OperationsYesterday, the gold market opened low at 2619.5 in the morning and then the market rose first. The daily line reached a high of 2633.3 and then the market fell back. The daily line reached a low of 2607.8 and then the market consolidated. The daily line finally closed at 2613.3 and the market closed with a pregnant inverted hammer pattern with a long upper shadow. After the end of this pattern, today's market fell back and continued to short. In terms of points, today's market first rose to 2620 short and conservatively 2628 short stop loss 2632. The target is 2612 and 2607. If it falls below, it will look at 2603 and 2600. If it falls below, it will leave near 2593 and 2585.
#XAUUSDGold (XAU/USD) is currently trading at 2617, showcasing strength in the precious metals market. This price reflects heightened investor interest, possibly driven by geopolitical tensions, inflation concerns, or shifts in central bank policies. As a traditional safe-haven asset, gold often benefits during times of economic uncertainty or weakening fiat currencies.
A price level of 2617 suggests strong demand, with buyers possibly expecting further upside potential. Traders may also be watching key resistance and support levels closely, as well as macroeconomic indicators like U.S. dollar strength, bond yields, and global risk sentiment.
Gold’s performance at this level indicates its role as a hedge against inflation and a store of value in a volatile financial landscape. Future price movement will likely depend on central bank actions, especially the Federal Reserve, as well as any unexpected market shocks.
XAUUSD ShortGold Bias is Sell. We plan 2 entries if 1 SL hit then we enter 2nd trade. Remember 1 thing Both entries trigger before downside liqudity sweeps that mark in the chart.
Gold Price Overview: Consolidation Amid Bearish Bias
Sentiment: Bearish
- Key Factors:
- USD Strength: Fed’s hawkish projections and higher US Treasury bond yields keep the Dollar supported.
- Thin Trading Conditions: Holiday season liquidity could lead to exaggerated moves but favor the safe-haven USD.
- Bearish Technical Setup: Gold remains below key moving averages, with the RSI signaling selling pressure.
Possible consolidation path for XAUUSDXAUUSD may follow a potential consolidation path, moving within a defined range as investors closely monitor global economic indicators, shifts in interest rate policies, and ongoing geopolitical tensions, all of which could influence market sentiment and the broader outlook for gold prices.
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 - where is current supporting region? what's next??#GOLD... perfectly placed out targeted area 2597 around so congratulations to all.
now we have 2691-93 as current supporting area so keep close because if market hold it in that case you can see again bounce from here.
but keep in mind that below 2591 we can go for cut n reverse on confirmation.
don't be lazy here, stay sharp.
good luck
trade wisely
Gold Next moveTimeframe :
D1 trendline broke + SBR
H4 Trendline + Bearish eng
H1 Trendline
D1 trendline has broken the trendline and support area so now its became, support become resistance (SBR), H4 has bearish engulfing at the trendline, H1 the trendline.
Entry:
Entry according to H1 TF, entry point is 2627.72 at the trendline.
Stop loss above the trendline 2638.70 and Target is previous low 2585.70
XAUUSD - what will happen before the Holiday season?Here is our view and update on XAUUSD . Potential opportunities and what to look out for before the Holiday season starts.
Let’s take a step back and take a look at XAUUSD from a bigger perspective. For this we are attaching the long-term overview on the pair.
We are still following the sell bias we have published.
XAUUSD is currently trading at around 2625 with lower volume than usual.
Scenario 1: SELLS from 2620
That would confirm our pullback to the upside and breaking below 2620 would give us an opportunity to drop back down to 2604 or 2600 flat. Next we would be targeting a very important KL (Key Level) 2590.
Scenario 2: BUYS from 2638
We broke above 2638 and are trading above it. We should see more upside potentially reaching new highs at around 2666 which was also an important KL (Key Level) before.
Personal opinion:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 2620 or a safe buy at the breaks of 2638. Be patient and stay tuned for updates on this pair. For now we are sticking to the sell bias from the long-term overview.
KEY NOTES
- XAUUSD breaking below 2620 would confirm sells down to 2604 - 2600.
- XAUUSD breaking above 2638 would confirm further buys up to 2666.
- Volume is lower as the business year is coming to an end and Holiday season is about to start.
Thank you everyone for your amazing support lately. We will continue to provide value to you. Happy Holidays!
Happy trading!
FxPocket
Gold above Buying zoneFundamental analysis: Despite the strong Bullish candle sequence on DX, Gold remains Neutral-Bullish and above my Support for the day as U.S. session is approaching and recession fears resurfacing. However, #2,622.80 - #2,627.80 is new / old Support zone made by the Hourly 4 chart’s candlestick configuration. Gold is still not pulling back again after it failed to break above it’s Higher High’s Upper zone on the Hourly 4 chart. Still I haven’t got confirmation for Short-term Buying opportunity and it is still not worth entering the market without tight Risk management (all correction attempts are rejected due Fundamental Buying pressure). Monday’s session Wall Street opening Bell can have Bullish impact also on DX, hence Bearish for Gold. My Selling bias is unchanged as I will treat Bullish spikes as an oscillation from Overbought to Neutral (Williams%), which may create new space for aggressive Bearish takedown. Gold is extending the sideways action, following the continuation of the former Hourly 1 chart’s Ascending Channel, as Bond Yields and DX on gains for the #2nd straight session (still however market didn’t returned to normal Trading conditions), current environment is Gold friendly (recession fears, safe-havens such as Gold are in High demand, hawkish Fed stance). Spot how Gold's strong Selling level of the #2,622.80 is far from fair symmetrical manner with disastrous side Swings on Bond Yields and DX as my strongest correlation so far, but currently both assets are on Short-term uptrend while Gold is as well soaring (however only on Short-term).
Technical analysis: No changes so far on the Daily perspective (Gold is Trading within my model) as today’s session E.U. opening didn’t delivered any significant move towards any Buying or Selling pressure point /confirmation, even though Fundamental numbers throughout Friday’s session met the forecast and delivered relief for Gold Buyers, DX on a Fundamental surprise, delivered full bodied green candle. The Price-action remains Neutral above the Hourly 4 chart’s Support zone of #2,622.80 - #2,627.80 and below the #2,638.80 - #2,642.80 Resistance zone fractal so use mentioned zones as your Intra-day pointers. It is Natural that Price-action found both Sellers and Buyers as RSI hit the Neutral zone, and with the absence of macro-economic catalysts, strong Volatility is expected, and don’t be surprised if you see thin Volume throughout today’s session. As the market is waiting for a catalyst, I see no alternative under such a Neutral setting but to maintain my breakout strategy and watching closely DX, to carefully issue my next move. If however #2,645.80 breaks, Price-action will be calling for upside extension, where #2,622.80 break can open doors for #2,600.80 benchmark and #2,592.80 configuration sequence. Otherwise, Volatility will be on the main stage. I do believe Selling pressure is still present on market so take that into consideration prior to positioning.
Gold price analysis December 23Fundamental Analysis
Gold prices held steady near $2,625 in early Asian trading on Monday. The Federal Reserve’s hawkish stance could weigh on the yellow metal. However, a weaker greenback following weaker inflation data could limit the yellow metal’s
downside. The Fed cut interest rates at its December meeting as expected but signaled it would slow the pace of further reductions in borrowing costs. The Fed’s dot plot, a chart that projects the future path of interest rates, shows a half-percentage-point cut in rates by 2025, compared to a full percentage-point cut expected in September. This, in turn, further boosts the US Dollar (USD) and weakens USD-denominated gold as higher real interest rates increase the opportunity cost of bullion.
Technical Analysis
Gold marked a second consecutive bullish rebound today. Although there were some adjustments at the beginning of the Asian session, as long as the correction does not exceed 2605, it is still a buying opportunity worth paying attention to. 2651-2665 are considered the two technical resistance zones of gold price today before it wants to uptrend again and find the peak around 2692. If 2605 is broken, 2657 will be the target of all subsequent downtrends.
GOLD WAS SUPPORTED LAST LATE 🥇 Gold was supported late last week by the release of Core PCE data from the US showing a slowdown in inflation. This eased concerns that the Fed could keep interest rates higher for a longer period of time, supporting gold prices. However, the upside momentum was limited as the Fed earlier signaled a more cautious stance on rate cuts next year under President Trump.
Gold broke above its recent high around 2626 to extend its rally to 2632 late last week, but failed to hold above this level and is now falling.
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2647 and a gap below at 2618. We will need to see ema5 cross and lock on either weighted level to 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
2647
EMA5 CROSS AND LOCK ABOVE 2647 WILL OPEN THE FOLLOWING BULLISH TARGET
2668
EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET
2691
EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2618
EMA5 CROSS AND LOCK BELOW 2618 WILL OPEN THE FOLLOWING BEARISH TARGET
2595
EMA5 CROSS AND LOCK BELOW 2595 WILL OPEN THE SWING RANGE
SWING RANGE
2570 - 2551
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing ema5 play between two weighted levels with a gap above at 2629 and a gap below at 2600. We need ema5 to cross and lock above or below the weighted Goldturns to 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
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
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range.
After completing 2686 previously we were left with a candle body close break opening the gap above but had no cross and lock therefore confirming rejection for the move down.
We are now seeing price play in the retracement range and expect this range to provide support with the lowest in the range we can see 2560 and support above this level should provide bounces to chase targets above.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX