GOLD MARKET ANALYSIS ☄️Gold market analysis☄️
➡️Gold grew to 2720 and then had a market crash to 2645.
➡️We need the selling force to weaken past the candlestick signals in H1 and H4, then we will Buy, the 2 Buy zones I suggest for you next week: 2636 - 2614
➡️In the long run, gold still has the ability to grow to the $3,000 mark, but before there is strong growth, gold will tend to side ways in the H1 and H4 frames or decrease to create selling momentum and deceive the market. ..
Goldprice
GOLD → Consolidation. Which way will the momentum go?
XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen?
The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech
Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP...
Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher...
Resistance levels: 2651, 2660
Support levels: 2636, 2618
Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
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Gold Price Resistance Amid Market UncertaintyGold prices are approaching a key resistance zone, with levels around 2720 and 2740 acting as crucial points to watch. This comes amid rising uncertainty in the global financial markets, where investors are closely monitoring the actions of President-elect Donald Trump and the ongoing impact of President Biden’s policies. The political landscape remains unpredictable, adding to the economic instability that's keeping markets on edge.
With both U.S. leaders shaping future policy, from trade to inflation, markets are in flux. In uncertain times like these, investors tend to turn to safe-haven assets like gold, which typically performs well when confidence in the broader economy wanes.
If gold manages to break through the resistance at 2720 and 2740, it could signal further upside as fears about the global outlook push more capital into precious metals. However, the path ahead remains unclear, with the market’s reaction to political shifts playing a major role in determining whether gold will continue its rally or face a pullback.
TVC:GOLD PEPPERSTONE:XAUUSD
Gold Market Trend Analysis for December 12, 2024: Opportunities Current Gold OANDA:XAUUSD Price Situation
Gold is currently trading around $2,713, maintaining its upward trend in both the medium and short term. After breaking through the key resistance level at $2,700, the market is now approaching the next significant resistance at $2,732. This zone is critical and will determine whether the price continues to rise or faces rejection and adjusts downward.
Trading volume on the 4-hour chart has increased during price surges, indicating active participation from buyers. However, sellers are also waiting to act at higher price levels.
Technical Analysis
Here are the key highlights of the current gold trend analysis:
Market Trend:
Primary trend: Upward.
Key support levels: $2,700 (MA50) and $2,696 (Fibonacci 50%).
Resistance: $2,732 (previous peak).
Fibonacci Retracement:
The price is trading near the 38.2% - 50% retracement levels of the move from the $2,660 low to the $2,732 high.
Strategy : Wait for the price to retrace to $2,710 (Fibonacci 38.2%) to buy.
RSI Indicator:
RSI is currently at 65, not yet in the overbought zone. However, if RSI hits 70 at $2,732, the chances of a correction will increase.
Bollinger Bands:
The price is approaching the upper band of the Bollinger Bands at $2,732, indicating strong upward momentum. If the price fails to break through, it may pull back to the middle band ($2,710).
MACD and EMA:
MACD is positive, with the signal line above 0.
EMA 50 at $2,700 continues to act as dynamic support for the upward trend.
Market Scenarios
Scenario 1: Price Continues to Rise (Breakout)
If the price breaks the $2,732 resistance with strong volume, it is likely to rise further to $2,750.
Trading Strategy:
Buy when the price closes above $2,732.
Stop Loss: $2,720.
Take Profit 1: $2,750.
Take Profit 2: $2,760.
Scenario 2: Price Rejected at Resistance
If the price is rejected at $2,732, a pullback to the $2,710 or $2,700 support level may occur.
Trading Strategy:
Sell near $2,732 if reversal signals like Pin Bar or Doji candles appear.
Stop Loss: $2,740.
Take Profit 1: $2,710.
Take Profit 2: $2,700.
Scenario 3: Price Pulls Back to Support and Bounces
If the price retraces to the $2,700 support level and holds firm, this could be an opportunity to buy along with the trend.
Trading Strategy:
Buy at $2,700.
Stop Loss: $2,688.
Take Profit 1: $2,732.
Take Profit 2: $2,750.
Advice for Traders
Practice Careful Risk Management:
Limit risk per trade to no more than 2% of your account.
Monitor Economic News:
Key economic data, such as Fed interest rate decisions or CPI, will significantly impact gold prices.
Wait for Confirmation:
Avoid emotional trading and only enter trades with clear signals at critical price zones.
XAU / USD ! Scalping in an uptrend ! support 2702SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) pauses its advance on Wednesday after gaining approximately 2.5% over the last three sessions. The metal faces resistance near the $2,700 level during early Asian trading, as investors show caution ahead of the US Consumer Price Index (CPI) report due at 13:30 GMT.
US inflation is expected to remain elevated in November, with headline figures ticking higher. While this data is unlikely to prevent the Federal Reserve (Fed) from implementing a 25-basis-point rate cut next week, it could signal a more measured approach to rate cuts moving into 2025.
⭐️Personal comments NOVA:
The uptrend is still continuing, it is possible to scalp the old resistance price area this morning at 2702
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2702 - $2704 SL $2707 scalping
TP1: $2697
TP2: $2692
TP3: $2685
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
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
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.
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.
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 1HR CHART XAUUSD Gold is displaying strong indications of upward momentum, driven by favorable market conditions and a renewed interest in safe-haven assets. With global economic uncertainties, a weaker dollar, and ongoing geopolitical concerns, gold continues to attract investors seeking stability. Technical analysis suggests a bullish trajectory, with key resistance levels potentially being tested in the coming sessions. If these levels are breached, the upward trend could accelerate further, paving the way for significant price gains. However, traders should remain cautious and monitor macroeconomic developments that could influence market sentiment...
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.
12.10 Geopolitical gold prices are expected to riseThe oscillating market is a market that accumulates momentum. The longer the oscillation lasts, the longer the unilateral continuation will last after the breakthrough. This is the basic law of the market trend.
In the morning of December 9, the price of gold rose first, which was a response to the risk events over the weekend. The safe-haven property of gold was reflected again.
The situation in the Middle East (Syria) is deteriorating continuously and rapidly. Its opposition has seized control of the capital Damascus, and the top leader has been forced to flee. This "evolution" is the key to the deterioration of the incident, which has aggravated market concerns.
Intraday analysis suggestions:
In the short term, the support below the gold price is $2,620. This position has been tested and tested many times in the early stage. The upper pressure is at $2,660 and the strong pressure is at $2,670. The early week period can maintain a bullish trend on the strong support of $2,620.
The pressure shown by the technical side is very obvious at the moment, but the fundamental support factors also exist. This is the reason for the continuous struggle between long and short positions, and it is also the reason for the breakthrough. On the whole, after the oscillation or struggle between long and short positions, the probability of the long side winning is relatively high. Therefore, the transaction can be mainly long on dips
XAUUSD possiblity 2678- 80XAUUSD Analysis Gold is approaching a critical level, where there could be a potential opportunity for a sell near the 80 mark. However, the market is currently in a volatile state, and with the unpredictable nature of price action, trading in this environment carries significant risk. If it fails to hold at this level, the market could continue to move in unpredictable directions, making it a dangerous space for traders without proper risk management...
Gold on daily timeframe
As I mentioned in the previous analysis of gold, the $2600 level is a critical zone. The price has previously been rejected from this level and is currently showing signs of further upward movement. The next potential price target could be $2750.
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If you have any specific areas you would like to refine or if you need further assistance, please let me know!
XAU/USD 09 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart: