Goldprediction
12.19 Gold interest rate decision determines direction!How to participate in the short-term gold today?
From the daily chart of gold, it is a weak bearish pattern. The upper 2662 is the resonance pressure of the daily and hourly lines. This position has been prompted in recent days. The hourly chart shows that 2651 is the hourly annual line level pressure. This position also suppressed the retracement in the early trading. The hourly BOLL is slowly closing. The data is approaching. The 1-hour and 30-minute charts are also in a volatile pattern. So today's morning trading will not see a big market outbreak. Pay attention to the 2640/38 area below to see a volatile rebound of 2651-2662. When the price reaches 2662, you can first participate in the retracement. Of course, these are all before the data is released. After the data is released, you can still treat it as a shock between 2706-2600.
GOLD ROUTE MAP UPDATEHey Everyone,
Same as yesterday we are still playing within the retracement range and consolidating before FOMC.
2628 weighted level is still holding support and remains open and failure to lock below with ema5 will see a bounce from this level. However, EMA5 cross and lock below this level and we are likely to see the swing range open.
We have FOMC release in 45 minutes so need to keep this in mind for the non organic movement that will need to settle down for the levels to start respecting.
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
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
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
XAU/USD Expected Last Long Swing trade of year 2024 in Spot Considering the completion of the corrective downside move in gold, we can expect two swing-long trades this month.
Make sure you follow your risk-reward ratio during placing these trades.
Trade no. 1 - Entry - 2636
SL - 2694
TP - 2790
Trade no. 2 - Entry - 2605
SL - 2694
TP - 2790
12.18 Gold tests low and waits for interest rate cutYesterday, the gold market opened at 2652.6 in the morning. After that, the market rose to 2658.9. After that, the market continued to fall under pressure. The daily line reached 2632.7 at the lowest point. After that, the market was slightly pulled up by the support of the 50 mark of the Fibonacci in this round of upward movement. The daily line finally closed at 2646.2. After that, the market closed in a hammer pattern with a long lower shadow. After this pattern ended, the daily line constructed a rubbing signal. Against the background of the Fed's interest rate cut tomorrow morning, today's retracement layout is long.
Intraday short-term operation suggestions:
BUY: 2640 Defense 35 30
$: 55 62 68
12.18 Gold shock revision BUYGold rebounded slightly yesterday, with a small cross positive line on the daily line.
1. After bottoming out and rebounding in the morning, it started to rise from 2650 in the afternoon.
2662-3 is the 382 position of the rebound from Friday's decline, and 2664 is the continued decline, so it is the key resistance level.
The two watersheds are very clear, one is the low point of 2643, and the other is the European session time point. Therefore, the 2650 line was chosen to bet on the rebound.
2. The 2662-4 line, the evening retracement, the formula emphasizes that the European session opened a decline in the morning, oscillated, especially the rebound from 6-8 o'clock, so in this process, the price did not break through from 8-10 o'clock, and it has been sideways, so the probability of a retracement in the US session is very high.
3. The 2650-1 line, yesterday's intraday rise and retracement to the 618 position, the standard 618 in the oscillation is better to make a mistake than to let it go.
Although the 618 position was touched yesterday or sideways this morning, the strength of the pullback is not large, but it is still a sign of oscillation.
Today, it is quite controversial. The daily small cross positive line, according to the previous rhythm, the daily positive line is a continuous positive line, so we still need to see a rebound.
The cross K is also the transit point of the short-term decline, so the European session time is very important.
The watershed 2643 is also very important, which is the key to see whether it will continue to fall.
From the operation point of view, in the morning at 618, the 4-hour is still more, 2651-2 is more, if you don’t participate before 7-8 in the morning, you won’t participate in the second time.
Today, we really need to observe the strength and weakness of the day.
Look at the rhythm of the day’s operation and the layout of the US market.
1. Break 2643 during the day, the US market will pull back and empty, and the support level is 2630-32.
2. If it continues to rise during the day, the daily line is likely to go through a cycle of continuous positive rebound. Today, we will see a pullback of 618. If it is touched, you can short. You can’t double top short.
Intraday short-term operation suggestions:
BUY: 2640, defense 30, target 55-60
GOLD ROUTE MAP UPDATEHey Everyone,
Not much to update on our route map, as price is still playing within the range for tomorrows pre-fomc gear up.
We are currently seeing price play in the retracement zone to provide support for the bounce with the full gap still left open at 2628. We also have the full bullish gap above left open at 2666 to keep in mind.
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
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
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
Xauusd (GOLD): I am thinking to short positionshello guys!
let's analyze GOLD
Liquidity Hunted:
The chart highlights a liquidity grab near the recent high (marked as hunted), where the price spiked above resistance before reversing sharply.
Downtrend Movement:
Gold has shown strong bearish momentum, breaking below a rising trendline and key support levels.
A continuation toward the gray demand zone around $2,585–$2,595 is likely.
Key Demand Zone:
The gray highlighted area is the next potential support, where buyers may step in to halt the decline.
Scenarios:
Scenario 1: If the price respects the demand zone, a short-term bullish rebound towards $2,620–$2,630 can occur.
Scenario 2: Failure to hold the demand zone could push Gold further down toward the blue support area near $2,539–$2,535.
Conclusion:
Gold is currently bearish, with a strong possibility of reaching the demand zone at $2,585–$2,595. Traders should monitor this level for signs of a reversal or continuation, with $2,539 as the next downside target if support fails.
XAUUSD Gold (XAU/USD) puts pressure on daily lows and trades below $2,660 on Friday’s early American session. The US Dollar (USD) reclaims its leadership ahead of the weekly close, helped by rising US Treasury yieldsGold price faced rejection at higher levels on Thursday and turned south before finding support at the 50-day Simple Moving Average (SMA) at $2,671 early Friday.
The 14-day Relative Strength Index (RSI) has also witnessed a renewed upside while holding well above the 50 level.
If Gold price resumes the recovery momentum, it could retest the multi-week high of $2,726, above which 2,750, the confluence of the psychological barrier and the November 5 high, will act as a tough nut to crack.
A failure to defend the 50-day SMA support at $2,671 on a daily candlestick closing basis will prompt sellers to target the 21-day SMA at $2,650 once again.
Gold does not fluctuate much. If you draw back 2665, you will be
Today, gold experienced a second counter-dip yesterday, and yesterday's US market trading also reminded that the US market rebounded in the early stage and reversed short at the high point. Of course, the position we give members is the 2663-65 line. Yesterday, the highest point was 2664, and it retreated, and tested the previous low point 2648 again, and the daily line closed with a long upper shadow line.
In the daily rhythm, we can see that yesterday's high point 2665 is the top position of the trend line, which means that after the top resistance level of the three-point line is blocked, it is easy to form a second turning point of the trend downward, which means that today we still have to look at the retracement. In addition, the US market fell and pulled back twice in the early morning, and rebounded upward in the morning, which also gave today's second shorting opportunity. So the resistance level is still at 2665! In addition, if it falls below the key low point of 2643 today, the US market needs to continue to short in the second rebound, and look at the previous low of 2630!
Gold point: 2665 short, defense 1675, target 2643-35!
12.17 Gold Short-term Operation Analysis SELLGold was still fluctuating and repairing yesterday, but it eventually fell under pressure. Gold was still fluctuating with a short side. Rebounds are still opportunities to continue to short. Gold is still short at the current price of 2656 in the early trading!
The 1-hour moving average of gold is still a short arrangement with a death cross downward. The adjustment of gold has not ended. Gold fell under pressure at 2665 yesterday, indicating that gold is still in a strong resistance zone above 2660. It is still short at highs under pressure at 2665 in the Asian session. It can also be shorted near 2656 in the Asian session.
Gold is fluctuating and urgently needs to choose a direction. Of course, it is now a fluctuating relay of the decline, so it is still short at highs. The focus of this week is the Federal Reserve’s interest rate decision waiting to be launched, which is also the battle between the long and short positions of gold. Whether the gold bulls can turn the tide depends on the impact of the data.
Of course, if gold does not break a new low for a long time, it is not ruled out that gold has the possibility of short-term bottoming, so it is time to be flexible at any time.
Asian trading strategy:
Short gold at 2656, stop loss at 2666, target at 2640-2635
Gold will Go Down to PRZ!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the Support zone($2,670-$2,653) . It is currently completing a pullback to this zone, so the pullback pattern appears to be a rising wedge pattern .
According to Elliott's wave theory , Gold seems to have completed wave 4 .
I expect Gold to continue falling to the next Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ) .
⚠️Note: If Gold breaks the Resistance zone($2,665-$2,662) and resistance line, we can expect gold to rise further.⚠️
🔔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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Is Gold About to Make a Big Move?Here’s What to Watch:
If Gold Breaks Above $2,721:
We could see it climb to $2,900 or even $3,000!
If Gold Drops Below $2,600:
It might fall to $2,500 or even $2,400 before finding support and bouncing back.
The Upside:
If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level.
The Downside:
A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher.
Wellness Tip:
Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused.
Kris/ Mindbloome Exchange
Trade What You See
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to our 1H chart idea playing out as analysed although price still remains within the first range.
We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open.
We will continue to see price play between both these weighted levels until we 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
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586
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 - at support ? What's next??#GOLD.. market perfectly hold our resistance area as we discussed in our video analysis and now we have 2645 to 2648 as current supporting area.
If market hold it in that case you can see again bounce. Otherwise not..
Keep in mind that 2645 below we will go for cut n reverse on confirmation ..
Good luck
Trade wisely
XAUUSD next possible move“Risk management is more important than being right.” – Ray Dalio
In trading and investing, always wanting to be right can lead to impulsive decisions and significant losses.
It’s not your ego, but your ability to protect your capital that determines your long-term success.
Risk management is like a shield: it allows you to stay in the game, even when the market goes against your predictions. Being a good trader doesn’t mean always predicting the market correctly, but knowing how to limit the damage when you're wrong.
By adopting a disciplined approach to risk, you create an environment where mistakes are not failures, but learning opportunities.
Remember, the goal is not always to win, but to stay in position to win tomorrow.