TODAY #GOLD The market appears to be deviating from its usual patterns, with movements that do not align with established principles or traditional rules. This unpredictability has rendered technical analysis less effective in interpreting and predicting price actions. It is important to carefully observe these anomalies and exercise heightened attention to market conditions.
Goldprediction
Analysis of short-term gold trading on December 27The gold market opened at 2610.6 in the morning and then rose directly. The daily line reached a high of 2621.6 and then fell back quickly. The daily line reached a low of 2609.7 and then rose in the late trading. The daily line finally closed at 2616.7 and then closed with a small positive line with a long upper shadow line. After this pattern ended, it rose first today and gave a short stop loss of 2630 at 2635. The lower targets are 2615, 2607 and 260.
12.27 Asian Handicap continues to see a declineGold surged and fell in the US market last night. Gold continued to be short at 2635. Gold fluctuated at a high level in the second half of the night, and the lowest level fell to 2627. Gold did not fluctuate much, but there was no strong breakthrough at the high level. Gold bulls lacked confidence and continued to be short and fall.
Gold broke through the previous high of 2633 in 1 hour, but gold did not stand firm. It surged and fell again and broke the previous high of 2633. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured to buy more. At least the market is not a unilaterally strong market. Gold continued to hold the short position of 2635 in the US market last night.
Asian trading operation ideas:
Gold 2635 short, stop loss 2645, target 2615-2610
#GOLD #TODAY GOLD TODAY
Gold broke the 2630 zone to extend its rally to near 2640 yesterday. And is now declining back to test the breakout zone.
Gold seems to be moving in an uptrend channel and could target the 50% Fib zone of the previous decline around 2655. Therefore, in the Asian session, you can wait to buy gold around the 2628-2630 zone. If you want to sell, you have to wait for a market decline to ensure safety.
Gold for ChristmasMerry Christmas chat,
We can observe a diagonal structure forming after the bottom formation on December 18.
What do you see?
1) A 50% correction of the decline thus more downside up-next (Flag pattern).
2) A diagonal wave 1 of 3 which sets the stage for a quick expansion upward.
Let me know you in the comment section..
From my previous post i pointed out the 23rd of December week as a top which is seemingly turning out to be a bottom(Alternation) if option 2 is right. So i believe there's more upside....
12.26 Gold short-term operation analysis strategyThe market opened at 2610.6 in the morning of the previous day and then the market rose directly. The daily line reached a high of 2621.6 and then the market fell rapidly. The daily line reached a low of 2609.7 and then the market rose in the late trading. The daily line finally closed at 2616.7 and the market closed with a small positive line with a long upper shadow line. After this pattern ended, it rose first today and gave a short stop loss of 2630 at 2635. The targets below are 2615, 2607 and 2603
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
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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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.
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.
#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.
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.
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 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.