GOLD BULLISH OR BEARISH ( READ DESCRIPTION) Hello everybody, I hope you are doing well.
As you can see GOLD (XAUUSD) is in bullish trend, Gold has pumped for last two weeks right??
If price completely breaks the 2728, I'm expecting that price can be fly from the 2691 or 2653 till 2787 because the trend line has broken, if price breaks 2728, it will be made BOS (Break of Structure).
If price failed to break 2728 then it possible to change the trend into bearish today.
Btw Gold is in Bullish trend, If price completely breaks 2728, I'm expecting gold can touch 2745 today.
Follow and support my idea
Stay tuned for every update, don't forget to share your ideas.
Goldprice
GOLD - Long active !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action after price rejected from trendline + LZ. As well we have a hidden divergence for a buy.
Fundamental news: Tomorrow (GMT+2) we will see results of yearly and monthly CPI on USD, news with high impact on currency.
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Gold Approaching Key Resistance Berish Rjction or Bullish BrkoutBased on the chart provided:
### Key Observations:
1. **Resistance Zone**:
- Price is approaching a strong resistance zone around 2,720–2,740, as indicated by the shaded area.
- Previous interactions with this level suggest potential rejection, making it a critical zone for monitoring price action.
2. **Target Levels**:
- **1st Target**: 2,680 – a minor support level where price might pause or bounce if rejection occurs.
- **2nd Target**: 2,640 – a key mid-level support area aligned with historical price structure.
- **3rd Target**: 2,623 – a stronger support zone near the previous low, offering a potential bounce zone.
3. **Risk-Reward Setup**:
- A clear risk zone (stop-loss) is placed above the resistance zone (around 2,759), indicating a bearish outlook.
- The trade setup assumes a rejection from the resistance area, with the first target likely to hit before deeper retracements.
4. **Market Context**:
- Recent bullish momentum may face exhaustion as it approaches resistance, especially if accompanied by reduced volume.
- The "Change of Character" (ChoCh) annotations suggest a possible shift in momentum around the resistance zone.
### Potential Trade Scenarios:
1. **Bearish Rejection**:
- Look for bearish confirmation signals (e.g., bearish engulfing candles, rejection wicks) around the 2,720–2,740 zone.
- Short entry: Near 2,720–2,730.
- Targets: 2,680, 2,640, and 2,623, in that order.
2. **Bullish Breakout**:
- If the price breaks above 2,740 with strong momentum, invalidate the bearish scenario.
- Look for a retest of the 2,740 level as new support for long positions.
- Target: 2,770–2,800.
### Additional Notes:
- **Divergences**: Check for any bearish divergences in RSI or MACD to confirm weakness near the resistance zone.
- **Economic Events**: Be cautious of news or data releases that may increase volatility in gold.
WHERE is down schedule level zone of goldXAUUSD Gold is hovering near a critical resistance level zone today. Traders should approach with caution and trade at their own risk, as the market shows potential for both upward and downward movements. While the overall trend may suggest bullish momentum, a reversal cannot be ruled out, making it essential to monitor price action closely before making decisions.
A Golden Opportunity in a Bull Market USAUThis report provides an in-depth analysis of U.S. Gold Corp. NASDAQ:USAU using the Momentum Reversal Indicator (MRI) and incorporates insights from recent articles highlighting USAU's strong potential within a bull market for gold. By examining daily, weekly, and monthly timeframes, this report aligns USAU's technical setup with broader market fundamentals to provide actionable trading strategies.
Technical Analysis
1. Monthly Chart: Primary Trend
- Trend : Bullish, with consecutive Green Setups ( 1, 2, 3, 4 ) signaling sustained upward momentum.
- Support and Resistance :
- Support: Monitor TI Setup Trend Support or the most recent swing low.
- Resistance: Potential resistance near Green 8 or 9, which indicates trend exhaustion.
- Outlook : The primary trend aligns with projections of sustained bullish momentum in the gold market.
2. Weekly Chart: Intermediate Trend
- Trend : Transitioning to bullish, forming Green Setup 1 after Red Setup 5.
- Key Confirmation :
- Await Green Setup 2 closing above Green Setup 1 to confirm bullish continuation.
- Support and Resistance :
- Support: Near TI Setup Trend Support or recent swing lows.
- Resistance: Previous swing highs or Fibonacci retracement levels.
- Outlook : A confirmed bullish reversal will reinforce the broader market outlook.
3. Daily Chart: Entry and Exit Points
- Trend : Bullish continuation, with Green Setups progressing from Green 2 to Green 5 .
- Reversal Levels :
- Monitor Green 8 or 9 for potential trend exhaustion or reversal signals.
- Support and Resistance :
- Support: TI Setup Trend Support or prior swing lows.
- Resistance: Green 9 or Fibonacci retracement levels.
- Outlook : Short-term bullish opportunities align with weekly trends but require caution near Green 9.
Fundamental and Market Outlook
Recent analyses highlight key factors that underscore USAU's investment potential within a strong gold market:
1. Record High Gold Prices :
- Gold has reached record highs, with forecasts predicting prices to potentially hit $3,000 per ounce by the end of 2025 and even higher by 2030.
2. Undervalued Gold Mining Companies :
- Companies like USAU are poised for growth as they are undervalued relative to the surge in gold prices.
3. USAU's Unique Advantages :
- Analyst Price Targets :
- Roth MKM : Initiated coverage with a Buy rating and a price target of $10.00 .
- HC Wainwright & Co. : Maintained a Buy rating, raising the price target from $11.00 to $13.00 .
- Alliance Global Partners : Maintained a Buy rating with a price target of $18.00 .
- Strong Development Pipeline : USAU’s projects position it for near-term production and long-term growth.
- Experienced Team : Proven management with gold exploration and development expertise.
- Dual Exposure : Opportunities in both gold and copper markets.
- M&A Potential : USAU's assets could attract acquisition interest in a rising gold market.
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Trade Recommendations
1. Bullish Continuation Trade
- Timeframe : Weekly and daily charts.
- Action : Enter long after Green Setup 2 confirmation (weekly) or a breakout above Green 6 (daily).
- Entry Point :
- Weekly: After Green Setup 2 closes above Green Setup 1.
- Daily: On breakout above Green 6 or 7.
- Stop-Loss : Below the last swing low or TI Setup Trend Support.
- Take-Profit :
- Weekly: Near swing highs or resistance zones.
- Daily: Near Green 8 or 9.
Risk Management
- Risk-Reward Ratio : Maintain a minimum of 1:2 for all trades.
- Stop-Loss Orders :
- Use strict stop-loss orders to cap potential losses.
- Trailing Stops :
- Implement trailing stops to lock in profits as trades progress favorably.
Conclusion
U.S. Gold Corp. NASDAQ:USAU presents a compelling opportunity for traders and investors within a robust gold market. The company’s strong technical signals and bullish market fundamentals suggest significant upside potential. However, cautious risk management is essential, especially as the stock approaches key resistance levels or trend exhaustion points on the daily chart.
Disclaimer
This report is for informational purposes only and should not be considered financial advice. Investing involves risk, and past performance is not indicative of future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
XAUUSD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
XAUUSD Trade LogXAUUSD Daily/Monthly Long Setup
Trade Logic:
- Setup: Long position initiated within a high-confluence zone supported by multiple technical and structural factors.
- Confluence Factors:
- Daily/Monthly Buy Signal: Higher timeframe signals indicate strong bullish momentum and continuation potential.
- Trendline Support: Price has respected a long-term ascending trendline, acting as dynamic support.
- Fair Value Gap (FVG): Entry aligns with a daily FVG in a discount zone, offering a high-probability long opportunity.
- Kijun Support: Both daily and weekly Kijun lines provide additional support confluence.
- Liquidity Zone: Recent sweep of liquidity below equal lows clears the path for a bullish reversal.
- Risk-Reward Ratio (RRR):
- Stop-loss set below the trendline and daily FVG for tight risk management.
- 1:3 RRR targeting the weak high at 2,910 , with secondary targets near 3,000 for extended profits.
Macro Context:
- Market Sentiment: Safe-haven demand for gold is rising amid geopolitical and economic uncertainty, aligning with bullish technical signals.
- Dollar Weakness: Weakening USD supports upside momentum in XAUUSD.
- Volume Profile: Strong buy-side volume near key support levels indicates institutional participation.
Execution Plan:
- Long entry near the confluence zone of the trendline, FVG, and Kijun support.
- Maintain stop-loss below the daily FVG to manage risk effectively.
- First target near 2,910 , with extended targets at 3,000 for partial or full profit-taking.
- Reassess position if price closes below the trendline or invalidates the daily buy signal.
Extra Note: Monitor macroeconomic events such as interest rate announcements or geopolitical developments that could affect gold prices. Let me know if further adjustments are needed!
WIG (Warszawa, PL) to Gold (in ounces), 1M (Heikin-Ashi)Dear Everyone,
Today, one more time I present the wide index in Warszawa (PL) in relation to Gold prices (of an ounce). Of course, the price is using monthly candles with Heiki-Ashi preparation. So, there is presented bigger timeframe.
As we could see, there is a real possibility to buid an inverse Head-&-Shoulders pattern. But, we will see, what future will bring to us. The prices in Warszawa could stay in relation to Gold at current levels even to March or May. But the chart seems to be very promising for the second half of the year and next year.
However, we need to keep in mind as there is also other element: Gold prices. Let's remember that when we have (now) the time of real positive interest rates (read as: cash shortage), there is a question if the prices of Gold would be only higher and higher - IMHO that's slighthly controversial thesis.
As always, with best regards to you all,
Paweł
1.15 Technical analysis of short-term gold operationsGold's 1-hour moving average has also begun to turn downward. If the gold's 1-hour moving average eventually forms a dead cross downward, then the space for gold's short position to fall will be further opened. Gold's US PPI data is bullish, but it is still under pressure and will fall directly to 2675. Gold's US rebound to 2675 will continue to be short.
Gold is now under pressure at a high level, and the bulls still have no further momentum to rise. So the rebound will continue to be short, and gold shorts may exert force at any time.
Short-term operation ideas:
Gold 2672 short, stop loss 2682, target 2655-2650;
1.14 Gold price oversold correctionIn today's technical trend chart:
1: In 4 hours, the stochastic indicator crosses downward, which is a bearish signal; the MACD indicator double lines stick together and are temporarily in a passive state; in terms of form, it is temporarily running in the 4-hour range; the 4-hour range is temporarily 2465-2695; in the range, the method of buying low and selling high can be adopted as the main method;
2: In the daily K, the stochastic indicator changes from golden cross to stick together, temporarily inactive, and temporarily remains in the BOLL range in terms of form. Yesterday's big negative line may continue to adjust; the position of the middle axis is also the position of the strong and weak dividing point, which is near 2645;
To sum up: today's short-term can be stuck in the resonance support near 2645, and the short-term is long; the upper pressure position is near 2680, and the short-term is stuck empty, and a small range of shocks is made to correct the trend;
1.13 Gold Technical Analysis and InterpretationThe gold market has seen significant fluctuations recently. Against the backdrop of a sharp rise in U.S. Treasury yields and the U.S. dollar index, gold prices fell before the U.S. market opened on Monday (January 13). Spot gold fell from its December high, with gold prices blocked at the key Fibonacci retracement level of $2,693.40; as last week's gains encountered selling pressure, the market is paying attention to the key support level of $2,660 below, which could jeopardize gold's medium-term upward trend once it falls below the support.
Technical analysis:
1. Key resistance and support levels
Gold prices failed to break through the Fibonacci retracement resistance level of $2,693.40 after hitting it last week, showing the strong suppression of the position on the market. Currently, the next key support level for gold prices is at $2,660. If the price falls below the support, it may mark the end of the medium-term upward trend.
Although the downward trend of gold has already emerged, if the above support level can be maintained, there is still hope for a rebound in the short term.
2. Analysis of short-term technical indicators
In terms of technical indicators, gold is currently in the stage of retreating from the overbought area, showing signs of weakening upward momentum, indicating that short-selling forces are gradually taking the lead.
However, although the RSI indicator has fallen from a high level, it has not yet fallen to the oversold area. This indicates that gold prices may still fluctuate around the current price before hitting key support.
3. Possible technical trends in the future
If the gold price can hold the support area of $2,660 and form a bottom pattern here, it is expected to challenge the resistance level of $2,693.40 again. Once this resistance is broken, the gold price may rise further and retest the psychological level of $2,700.
However, if the support level is lost, the gold price may further fall to the next level of support near $2,640. At that time, the market will face further selling pressure.
Summary
The decline in gold prices was mainly affected by the strong US economic data that pushed up the US dollar and US bond yields. Under the uncertainty of the Fed's policy, gold faces downward pressure in the short term. However, safe-haven demand and the performance of key economic data may provide support or a turnaround for gold prices.
XAU/USD Shorts from 2,710 back down to 2,660This week, my analysis focuses on the potential weakening of GOLD after its strong bullish performance last week. I’ve noticed that price is building significant trendline liquidity with multiple taps, suggesting that a reversal may be imminent to clear that liquidity.
While the bullish trend is still intact, I’m also considering a secondary scenario. In this case, I expect the price to retrace to around the 4-hour demand zone at 2,660. If the price breaks below this level, it’s likely to clear the trendline liquidity and push further down.
Confluences for GOLD Sells:
- Significant trendline liquidity below, waiting to be taken.
- A 6-hour supply zone has caused a Change of Character (CHOCH) to the downside.
- The price has also shifted structure on higher time frames.
- The point of interest (POI) is at an extreme level.
- For the bullish trend to continue, I expect a retracement back to the 2,660 region.
Note: As we’re now in mid-January, market liquidity is increasing, providing more price action to work with. This makes it likely for GOLD to continue its typical patterns. Let’s stay focused and have a great trading week!
Gold Breaks Out: Bullish Momentum Building Above Key PatternGold is breaking out aggressively above the symmetrical triangle pattern, signaling a potential bullish continuation. If the price retests the breakout level and holds, we could see a significant move higher.
The 100 EMA is also providing strong dynamic support, further reinforcing the bullish sentiment. A sustained breakout above this range could target new highs in the coming sessions.