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Am I the only one who is waiting for a bearish trend for #gold?hello guys! let's analyze gold together! Double Top Formation: A double top has been identified near the $2,675-$2,680 level, signaling a potential reversal from the bullish trend. Broken Channel: The previous upward channel has been broken, indicating a shift in market structure and possible bearish momentum. Two Scenarios Outlined: First Scenario (Blue Path): The price may consolidate or retest the $2,630-$2,640 range before resuming its downward trend toward $2,578. Second Scenario (Red Path): A bullish retracement toward the $2,675-$2,680 resistance zone is possible, followed by a reversal and significant decline. Support and Resistance Levels: Resistance: $2,675-$2,680 (critical zone for the second scenario). Support: $2,629 (short-term) and $2,578 (major support). Outlook: The bias appears bearish due to the broken channel and the double-top pattern. Confirmation of either scenario depends on price action near the outlined key levels.
OANDA:XAUUSDShort
by melikatrader94
22
XAU/USD Longs from 2,630 or 2,610 back upThis week, my GOLD analysis focuses on the continuation of the bullish trend. Last week, GOLD showed significant bullish momentum, and we can expect the price to retrace into an unmitigated demand zone before resuming its upward direction. I’ll be watching for the price to tap into either the 7-hour or 4-hour demand zone below. Once it does, I’ll closely monitor lower time frames for confirmation. If the setup aligns, I’ll look to take buy trades with the trend, aiming to clear liquidity resting above. Confluences for GOLD Buys: - Recent and overall bullish momentum. - Unmitigated demand zones near the current price. - A confirmed break of structure to the upside. - Significant liquidity above, including Asia highs and imbalances. Note: As the price approaches a key supply zone, we might see some bearish pressure. This could present an opportunity for a potential counter-trend trade.
OANDA:XAUUSDLong
by Hassan_fx
Levont - XAU/USD: Testing Key ResistanceXAU/USD Analysis (Gold Spot/USD) 📊 Timeframes Analyzed: - 1H Chart: The price is currently trading at $2,657 , consolidating near the key resistance zone between $2,659 and $2,660 . This area aligns with the 61.8% Fibonacci retracement level , which has historically acted as a strong supply zone. Price action shows multiple attempts to break above this level, but bearish pressure has kept it contained so far. A potential rejection here could lead to a pullback toward the $2,654-$2,650 support range , while a breakout above $2,660 could trigger a bullish continuation toward $2,666 . - 5m Chart: Zooming in, the price is moving within a rising channel , showing short-term bullish momentum. However, the channel's upper boundary aligns with the higher timeframe resistance zone ( $2,659-$2,660 ), suggesting that the bullish move may face exhaustion soon. A rejection from this level could result in a breakdown of the channel and a retest of lower supports around $2,652-$2,650 . 🔑 Key Levels: - Resistance Zone: $2,659 - $2,660 - Support Levels: $2,654 and $2,650 📈 Outlook: The current price action suggests that gold is at a critical juncture: - Bullish Scenario: - A breakout above the resistance zone at $2,660 (confirmed by strong candle closures and volume spikes) could lead to a continuation toward higher targets like $2,666 or $2,670 . - This scenario would align with the broader bullish sentiment seen in recent sessions. - Bearish Scenario: - If the price fails to break above $2,660 and shows signs of rejection (e.g., long upper wicks or bearish engulfing patterns), we could see a pullback toward immediate support levels at $2,654 or $2,650 . - A breakdown below $2,650 could open the door for further downside toward $2,644 . 💡 Note: Watch for confirmation signals such as volume spikes or clear candlestick patterns before entering trades. 🌍 Fundamental Analysis: Positive Factors Supporting Gold: - Global Economic Uncertainty: Concerns about slowing global growth and geopolitical tensions (e.g., ongoing instability in Eastern Europe) are driving demand for safe-haven assets like gold. - Weaker U.S. Dollar: The U.S. Dollar Index (DXY) has shown signs of weakness recently due to expectations that the Federal Reserve may pause rate hikes in early 2025. A weaker dollar typically supports gold prices as it becomes cheaper for holders of other currencies. - Seasonal Demand: January often sees increased demand for gold due to seasonal factors such as jewelry purchases in Asian markets and portfolio rebalancing by institutional investors. Risks/Negative Factors for Gold: - Hawkish Federal Reserve Policy: Despite speculation about a pause in rate hikes, any unexpected hawkish commentary from the Fed in its upcoming January meeting could strengthen the dollar and pressure gold prices downward. - Profit-Taking Near Resistance: With gold nearing key resistance levels ( $2,660 ), short-term traders may take profits, leading to temporary pullbacks. - Equity Market Recovery: If global equity markets continue their recovery into early 2025, it could reduce demand for safe-haven assets like gold.
FOREXCOM:XAUUSDShort
by sdfsdfdfsdfsdfsdfd
Gold Spot (XAU/USD) Technical Analysis: Potential Decline to KeyThis analysis of Gold Spot (XAU/USD) on the daily timeframe highlights the price structure, Fibonacci retracement levels, and Andrews' Pitchfork, suggesting the possibility of further downside movement to key support areas. Key Highlights: Corrective Wave Structure and Key Resistance: The recent upward correction appears to have completed near the resistance zone of $2638–$2655, aligning with the 38.2% and 50% Fibonacci retracement levels. The condition for further decline is the inability to close a daily candle above this resistance zone. Failure to break this level increases the probability of continued bearish movement. Andrews' Pitchfork: The price is clearly moving within the Andrews' Pitchfork, which illustrates the overall bearish direction of the market. Price action at the median and outer lines of the pitchfork will determine the next move. Key Support Levels: The first major support level is at $2545, which could act as a short-term target. If selling pressure persists, the price may drop further to the next significant support at $2495, completing the anticipated C-wave. DT Oscillator: The downward turn in the DT Oscillator provides confirmation of continued bearish momentum. This bearish signal, combined with failure to break the key resistance zone, increases the likelihood of a move toward the identified support levels. Potential Scenarios: Bearish Scenario: If the daily candle fails to close above the $2638–$2655 resistance zone and the DT Oscillator maintains its bearish signal, the price is likely to decline toward $2545 and potentially $2495. Bullish Scenario: A close above the $2638–$2655 resistance zone, coupled with a bullish turn in the DT Oscillator, could indicate a potential trend reversal and a move toward higher levels, possibly $2700+. Conclusion: Based on Andrews' Pitchfork, the key resistance zone, and the signals from the DT Oscillator, Gold Spot is at a critical juncture. If the resistance holds, the price is likely to decline toward the $2545 and $2495 support levels. Traders should closely monitor the price reaction to these levels and momentum signals for potential setups. Feel free to share your thoughts or questions in the comments, and don’t forget to follow me for more detailed analyses like this!
FOREXCOM:XAUUSDShort
by Mohammad_Mirdehghan
16
1.3 Technical analysis of short-term gold operationsIn the early European session on Friday (January 3), the US dollar index maintained a mild decline during the day and is currently around 109.10; spot gold is around $2,655/oz. After confirming a breakthrough of $2,640.00/oz, the gold price continued to rise. As shown in the figure, the gold price completed the construction of a double bottom pattern, which provided upward momentum for the gold price. The gold price is expected to test $2,700.00/oz, which is also our next target for the gold price. Therefore, we expect the gold price to rise further in the next few trading days. It should be pointed out that if the gold price falls below $2,640.00/oz, this will stop the bullish trend and push the gold price to bearish. It is expected that the gold price will trade between the support level of $2,650.00/oz and the resistance level of $2,685.00/oz today. The expected trend for the gold price today is bullish
TVC:GOLDLong
by AIan_Gold
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel and is creating symmetrical triangle and is moving in a descending AND is moving in an Ascending channel. We expect a decline in the channel after testing the current level. The chart broke through the dynamic Resistance area, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
3
Gold is rising, there is still a chance to short gold!Bros, just like the trading strategy in my previous article, we accurately captured the trading opportunity of shorting gold near 2646 and long gold near 2636. I made over $10K in profit on two trades,which is a great trading strategy! My original plan was to close the long position near 2650, and then go long gold again after gold faced resistance near 2655 and fell back to the 2645-2640 zone. However, at present, gold has not given us the opportunity to go long gold. According to the current structure of gold, gold may continue to rise to the 2670-2680 zone, but now we cannot directly chase long gold, so we do not have a good entry price for the time being. Then my short-term trading plan is as follows: 1. If gold falls back to the 2650-2640 zone, I will consider going long on gold again; 2. If gold does not fall back and continues to rise, then when gold reaches the 2670-2680 zone, I will try to go short on gold; The above is my short-term trading execution plan.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!
OANDA:XAUUSDLong
by Trader_Marvin
1.2 Accurate technical analysis of gold short-termThe upper rail resistance of the four-hour flat pattern is 2638 and the double-line resistance is 2642. Break through and open slightly upward, and continue to rise to form an upward opening pattern The lifeline and the lower rail of the double line are superimposed in the 2619-2617 area The early trading accelerated the rise point in the 2625-2623 area. Take this as the dividing line, and look for the next resistance area of ​​2638-2642 upwards, followed by the 2648-2650 range Keeping low is the key, breaking high is the focus, and taking advantage of the trend is the method If it is delayed, there will be variables. If it can take advantage of the trend and break through 2648-2650 with the east wind, the bulls can have more control later Refer to this idea, early The market is arranged around the low point 2621-2623 area as support to rush to 2632-2633. If the rise is realized as expected, the second step is still bullish. It is planned to use 2628-2626 as support to see a bullish trend. The price will only fall back to the 2632-2631 area. So choose the 2632 area to enter the market with low longs. The original plan of 2628-2626 remains unchanged. Look up to find the 2638-2642 area, and then look at 2648-2650 The 2598 long orders at the beginning of the week are still held in small bands. The loss point is now moved up to 2610 (profit loss situation, if it falls back, it is also profitable), and pay attention to the gains and losses of 2648-2650
TVC:GOLDLong
by AIan_Gold
1
Analysis of short-term gold trading on December 31Fundamentals: The gold market fluctuated at a low level in the U.S. market, and the logic of long orders at the support point entered the market. At the beginning of the U.S. market on Tuesday (December 31), the gold price was around $2,610. The gold market may be preparing to end 2024 on a weak note, and December is expected to see its first decline in seven years. But there is still considerable optimism in the market before the new year. Despite the current market weakness, gold continues to hold its position in a difficult environment. She pointed out that the sell-off in gold since its October high and the subsequent consolidation were the first major corrections in the precious metal this year. "I am not at all worried about the volatility we have seen, and I think this respite is good for the market," she said. Even with this disappointing price trend entering the new year, investors should not forget the performance of 2024. Gold prices have seen unprecedented gains, setting new all-time highs about 40 times this year. Gold prices peaked in October, with a full-year increase of more than 26%, the best performance since 1979. Gold prices are set to hit $2,400 an ounce this year in 2024, and they are nearly $400 above that level. Looking ahead, she believes gold still has plenty of room to rise. Gold prices will struggle as investors continue to focus on the strong resilience of the U.S. economy. She explained that policies proposed by President-elect Trump should support economic growth in the first half of next year, but she expects problems to return. Since winning the presidential election in November, Trump has said he wants to extend the 2017 tax credit. He has threatened to impose tariffs on countries in Asia, the Americas and the European Union. He has also proposed rounding up and deporting millions of illegal immigrants and recently expressed a desire to annex Canada and Greenland. Policies such as increased import tariffs and extended tax cuts will provide some support to the economy, which has pushed up U.S. bond yields and the dollar. However, she added that these policies will also come at a cost. Everything Trump proposes to do will lead to inflation, raising tariffs and deporting potentially millions of low-wage workers will push up prices, and tax cuts will exacerbate the growing deficit, thereby increasing inflationary pressures. Trump's proposal also has a political cost, as many see his position as a negotiating tactic. She added that this uncertainty will continue to support gold's safe-haven appeal. Personal operation analysis: Trend: shock trend Support: around 2607.00 Resistance: around 2631.50 Strategy: View logic: Near 2608, light position, stop loss 2600, take profit around 2623--2635, trailing stop loss 300 points
TVC:GOLD
by AIan_Gold
1
Scalping XAU ! Gold price sideways end of 2024⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: On Thursday, Russia's Federal Security Service reported it had prevented several assassination attempts by Ukrainian intelligence aimed at senior Russian officials and their families in Moscow. According to Reuters, the agency revealed that the attacks were to be carried out using bombs concealed in items like power banks or document folders. Meanwhile, the Federal Reserve indicated a more cautious approach to rate cuts in 2025, reflecting a shift in its monetary policy direction. This adjustment underscores uncertainties about future economic policies, particularly with the incoming Trump administration's anticipated strategies. ⭐️Personal comments NOVA: The year-end market is mainly accumulating, selling pressure is quite strong. Waiting for large liquidity zone to set up SELL signal ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2622 - $2624 SL $2627 scalping TP1: $2618 TP2: $2613 TP3: $2605 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
12.30 Gold Short-term Operation Technical Analysis BUYLast Friday, gold took a high-rise and then fell back. The trend is under control, and everyone has witnessed it! Gold opened at $2,633. In the morning, gold slightly retreated and touched $2,628.6, and then rebounded. The highest rebound of gold in the Asian and European sessions reached $2,638, and then it was blocked and fell back. The US session continued to fall and touched the lowest level of $2,611.5. It rebounded in the late trading and finally closed at $2,620.8. The daily line closed with a negative line with upper and lower shadows, and the weekly line closed with a pregnant cross star pattern with an upper shadow slightly longer than the lower shadow. After the end of this pattern, gold was obviously blocked. There is still a need to continue to fall at the beginning of the week. Today, gold focuses on the upper resistance at $2,630. Rebounds rely on shorting below the resistance here, and then look at $2,610 and $2,605 below! The specific operation points are subject to real-time layout!
TVC:GOLDLong
by AIan_Gold
Gold Price Analysis Using Gann Emblem: Key Levels and ForecastThis analysis highlights critical price levels and time cycles for XAU/USD (Gold) based on the Gann Emblem. Significant highs and lows are marked with degrees for better clarity on potential market movements: • Oct 11, 2024: Low at 216 degrees. • Nov 4, 2024: High at 240 degrees. • Dec 6, 2024: Major high anticipated at 270 degrees. • Mar 5, 2025: Projected new low at 360 degrees. The chart integrates Gann angles and time cycles to provide a structured view of gold price trends, offering traders a roadmap for identifying key reversal zones and directional patterns. Key Fibonacci levels and future pivot points further enhance the prediction of critical price action events.
FOREXCOM:XAUUSDShort
by ganntimetrader
12.30 Gold Market Short-term Operation Technical AnalysisTechnical Aspects Gold prices fluctuated around $2,620.00 on Monday, and the daily chart shows that gold prices are currently in a consolidation phase, close to the 9-day and 14-day moving averages. The 14-day relative strength index (RSI) hovered below 50, reflecting a neutral market sentiment. If the RSI can break through the 50 level, it may indicate an increase in the market's buying interest in gold. In terms of resistance, gold prices may first target the psychological level of $2,700.00, and further resistance is the monthly high of $2,726.34 recorded on December 12. This level is an important target for bulls to conquer in the near term, and a breakthrough may trigger a new round of buying boom. In addition, the trend of gold prices in the medium term is still guided by technical indicators. If bulls can hold the current support level, they will have the opportunity to further challenge higher resistance. In terms of support, gold prices may find initial support at $2,608. If it falls below this level, selling pressure may increase, pushing gold prices to the monthly low of $2,583.39. If gold prices fall further below this support, it may trigger more technical selling pressure, causing prices to slide to lower support areas. The market needs to pay attention to the possibility of increased volatility. The gold market is currently in a critical consolidation phase and may continue to fluctuate within a range in the short term. If gold prices can break through the current consolidation area, market sentiment may quickly turn bullish. In the coming weeks, changes in technical indicators will provide more guidance to the market, especially whether gold prices can steadily break through short-term resistance levels and further challenge historical highs.
TVC:GOLD
by AIan_Gold
1
Is Gold the Best Investment in a Mixed Metals Market?Gold Shines in a Mixed Year for Metals Markets In 2024, gold emerged as a standout performer in the often-volatile metals markets. While other metals experienced a mixed bag of results, gold surged by an impressive 27%, defying the broader market trends. This bullish run can be attributed to a confluence of factors, including US monetary easing, heightened geopolitical tensions, and strategic central bank purchases. A Year of Contrasting Fortunes The performance of base metals in 2024 presented a more nuanced picture. While some base metals witnessed healthy gains, others struggled. Iron ore, a key ingredient in steel production, witnessed a significant decline, and lithium, often touted as the white gold of the electric vehicle revolution, also faced headwinds. Gold's Allure: A Haven in Uncertain Times Gold's resilience throughout 2024 can be ascribed to its inherent characteristics as a safe-haven asset. When economic or political uncertainty clouds the horizon, investors often flock to gold, perceiving it as a store of value that can weather market storms. • US Monetary Easing: In 2024, the US Federal Reserve implemented a series of monetary easing measures, injecting liquidity into the financial system and lowering interest rates. This dovish stance by the Fed weakened the US dollar, making gold, a dollar-denominated asset, more attractive to international investors. • Geopolitical Upheaval: The year 2024 was marked by a heightened sense of geopolitical instability. Trade tensions, regional conflicts, and concerns over global security fueled investor anxieties. Gold, perceived as a hedge against geopolitical risks, benefited from this flight-to-safety bid. • Central Bank Buying Spree: Central banks around the world were significant buyers of gold in 2024. This strategic accumulation by central banks bolstered investor confidence in the yellow metal, further solidifying its position as a valuable reserve asset. The Road Ahead: A Look at 2025 As we enter 2025, the outlook for metals markets remains shrouded in some uncertainty. However, several key factors are likely to influence the trajectory of gold and other metals. • The Trajectory of US Monetary Policy: The future course of US monetary policy will be a critical determinant of gold's performance in 2025. If the Fed maintains its dovish stance, it could continue to buoy gold prices. However, if the Fed signals a shift towards tighter monetary policy, it could dampen gold's appeal. • The Evolving Geopolitical Landscape: The geopolitical landscape in 2025 will significantly impact investor sentiment. If geopolitical tensions escalate, gold could surge as investors seek a safe haven. Conversely, a period of relative geopolitical stability could lead to a pullback in gold prices. • China's Growth Engine: China's economic growth prospects will also be closely watched. China is a major consumer of metals, and its demand can significantly influence prices. If China's economy strengthens in 2025, it could provide a tailwind for base metals. Gold's Strong Gains: A Harbinger of Change? Gold's stellar performance in 2024 may signal a fundamental shift in market dynamics. After years of dominance by riskier assets like equities, investors may be returning to safe-haven assets like gold in anticipation of a more uncertain economic and geopolitical environment. In conclusion, the year 2024 was a year of contrasting fortunes for metals markets. While gold emerged as a clear winner, other metals painted a more mixed picture. As we look ahead to 2025, the trajectory of US monetary policy, the evolving geopolitical landscape, and China's growth prospects will be the key factors shaping the performance of metals markets. Gold's robust gains in 2024 serve as a reminder of its enduring allure as a safe-haven asset in times of uncertainty. Whether this marks a long-term trend or a temporary blip remains to be seen, but one thing is certain: gold will continue to be a closely watched asset class in the ever-evolving global financial landscape.
OANDA:XAUUSD
by bryandowningqln