Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Goldprediction
GOLD ROUTE MAP UPDATEHey Everyone,
Piptastic day on the charts once again, with our chart idea playing out to perfection!!!!
We were able to track and trade the entire move up from Monday confirmed with ema5 lock for each gap target. Yesterdays update finished off with ema5 cross and lock above 2679 opening 2697.
- This target was completed perfectly today followed with further cross and lock above 2697 opening 2712, which was also hit today completing this chart idea.
We can now move over to our 4H chart idea to continue to track the movement should it decide to push further up, until we share our new 1H chart idea on our Sunday update.
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
2645 - DONE
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679 - DONE
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697 - DONE
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 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
XAUUSD IS SHOWING SIGNS OF POTENTIALXAU/USD is showing signs of a potential bullish reversal, presenting a favorable long opportunity for traders. The price is currently near a strong support zone, often associated with increased buying pressure. Coupled with technical indicators hinting at upward momentum and a weaker dollar environment, this could pave the way for a significant price increase. However, patience is key—await confirmation of a breakout or a clear bullish trend before entering a position to maximize risk-to-reward potential.
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.
XAUUSD update 🥇 Gold has increased and broken the resistance zone which has now turned into support at around 2683. Currently, gold in the Asian session may head towards the psychological resistance zone of the round number 2700.
➡️We can expect a downward correction with gold after approaching the 2700 zone. However, if gold falls to retest the 268x zone, we can wait to buy gold.
XAUUSD Speculative BuySAXO:XAUUSD moves higher from Asian to Europe session and seems continue to catch 2670. As middle east tension continue spark, investor and trader likely hunt the safe haven assets especially GOLD. Another fundamental reason is FED Cut Rate cycle probability which now on 80% 0.25bps cut this month.
On the technical analysis side, GOLD now testing the sideways resistance. We may see 2658 - 2666 as resistance area and if it's broke up the price would come to 2670-2677 as we see MA200 on H4 and trendline resist on D1 chart.
Anyone agree with this idea? Please leave your comment! Thankyou
XAUUSD Short H4Hello Amazing people,
As you can see that market is respecting trendline structure and I am going to short this one.
SELL: 2688 to 2693
SL: 2703
TP1: 2673
TP2: 2665
TP3: 2645
TP4: 2622
NOTE: this is my analysis as per my reading. please follow proper risk management as per your equity. This is just for learning purpose. Coz, together we grow.
GOLD ROUTE MAP UPDATEHey Everyone,
Another day smashed!!!!!
Yesterday we hit 2661 after ema5 cross and lock above 2645, we then stated that we now had a gap left at 2679 after cross and lock above 2661, and as long as 2661 holds, we will look for this gap to be completed.
- This was hit perfectly completing this target. We now have 2679 cross and lock opening 2697.
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
2645 - DONE
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679 - DONE
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
BEARISH TARGETS
2626
EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET
2612
EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE
SWING RANGE
2599 - 2584
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
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.
GOLD - Reached near to his resistance? what's next??#GOLD... perfect move as per our last idea and discussion, so now market just reached near to his resistance area and that is 2695 96
keep close the area 2695 96 because that will be our key level in next move to any side and if market holds that area in that case we can see again a drop from here, otherwise not at all.
good luck
trade wisely
Gold is Ready to Pump, Ready!?Gold ( OANDA:XAUUSD ) is currently moving in the Resistance zone($2,667-$2,653) and has managed to break the upper line of the Descending Channel .
In terms of Elliott wave theory , Gold completed the Double Three Correction waves as I expected , and I am also waiting for the Resistance zone($2,667-$2,653) to break with the break of the upper line of the descending channel .
I expect Gold to rise to at least $2,679 after breaking the Resistance zone($2,667-$2,653), and the next target is the width of the descending channel (broken).
⚠️Note: If Gold goes below $2,636, we can expect a further decrease in Gold.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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.
GOLD BUY NOW! TA & FA confirmed!SAXO:XAUUSD Technical Analysis gives us clue for GOLD to move higher and higher. We can see in M30 chart that bullish pennant already made and GOLD continue to make a breakout movement. In H4 chart we can see a trendline resistance also already tested. Now GOLD just test a fibbo daily resistance at 2675-2677. Confirm BUY if it's body in H4 already break it.
As middle east war remain in uncertainty and Syria President's Assad knocked down, also Russia - Ukraine potentially cause more intentions, investors looking for safe haven assets like GOLD. We also must remember that Trump Supply Side Economic will take control again and it gives optimism in US macro-economic conditions. Inflation currently in path to go down 2.00% but Trump second era would potentially increase inflation for a longer projection. Although now investor and traders in CME bet 86% for FED Cut Rate this month and this is something that makes GOLD moves higher
Any idea? just leave your comment below. Thanks
$GOLD analysis XAUUSD 4H
1. The price reacted to the 0.618 Fibonacci level around 2674 and is attempting to break the downtrend line.
2. The next major resistance lies between 2745 and 2750.
3. If this resistance is broken, the potential target could be around 2800.
4. Key support is at 2635; losing this level may increase selling pressure.
5. The current structure indicates a potential breakout of the downtrend line and a move toward higher resistances.
Ready to go long on goldGood morning, bros! Let's re-examine the gold market together!
Gold fell back again after touching around 2674, with the current lowest falling to around 2661. From a short-term structural point of view, gold constructed a sub-high of 2674 at the hourly level, forming an 'M' top structure with yesterday's high of 2676, forming a negative impact on gold. A certain degree of technical pressure;
However, from an overall perspective, if gold cannot fall below the 2650 position during the fall, it will reduce the pressure on the hourly level 'M' top and accumulate energy during the fall, which will help gold continue to fall after the fall. The price fluctuates and rises, and it is easier to break through the resistance in the 2678 area, and may even continue to rise to the 2680-2690 area.
So in terms of short-term trading, we can use the 2660-2650 area as support and try to go long on gold! Bros, are you bullish on gold in the short term like me? 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!
XAUUSD WIL SOON RETRUN TO 2670 SERIESXAUUSD Scalping and Swing Trading Opportunities: The gold market offers traders a unique mix of rapid intraday movements and longer-term price trends. Scalping provides opportunities for quick profits by capitalizing on minor price fluctuations, while swing trading allows for capturing larger market moves over days or weeks. With precise analysis, disciplined risk management, and a keen eye on technical and fundamental indicators, traders can strategically navigate the volatility of XAUUSD to maximize gains in both short and mid-term trades.
Gold Eyes $2,604 and $2,562 TargetsGood morning traders,
Trust your day is off to a great start. Take a moment to read my analysis of the Gold market, and give your view.
Overview
Gold is currently trading at $2,662.25, caught between a bullish and bearish triangle range. This follows an impulsive upward movement from Friday’s low of $2,612.89, driven by the Non-Farm Payroll (NFP) data. However, the upward momentum appears to have stalled, with price action signaling potential reversal patterns.
Idea
The price formation resembles a double top, a bearish pattern, with a strong resistance zone above, suggesting a possible downward move. If the price breaks below the neckline, it would confirm bearish momentum. Key support levels to monitor include $2,604.59 and $2,562.67. Conversely, if the price breaks above the $2,689.29 resistance level, the bearish scenario would be invalidated, signaling a continuation of bullish momentum.
Conclusion
Gold's current price action presents a mixed outlook. While the double top and resistance zone hint at a bearish move, the market must confirm this by breaking the neckline.
Cheers and happy trading!
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.
GOLD ROUTE MAP UPDATEHey Everyone,
Smashing start to the week with our chart idea playing out perfectly, as analysed.
We started the day with our first bullish target hit at 2645. This followed with ema5 cross and lock above 2645 opening 2661, which was hit perfectly completing this gap.
We now have a gap left at 2679, which fell just short and as long as 2661 holds, we will look for this gap to be completed. However, if we see ema5 lock below 2661, then we are likely to see lower Goldlturns tested to find support again.
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
2645 - DONE
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
BEARISH TARGETS
2626
EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET
2612
EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE
SWING RANGE
2599 - 2584
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