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.
Goldprice
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 Analysis and SignalsGold closed above 2630. The daily line continued to rise and re-stood on the MA10 daily average of 2625. The hourly and four-hour moving averages opened upward, and the price ran along the middle and upper tracks of the Bollinger Bands. The idea of gold remains unchanged, and we continue to see fluctuations, sell high and buy low!
Gold fell after rising in the US market yesterday, with very small fluctuations, but there was no strong breakthrough at high levels. On the surface, it broke through the previous high of 2633 in 1 hour, but gold did not stand firm, and it fell back at any time and fell below the previous high of 2633 again. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured, at least the market is not a unilaterally strong market!
First support: 2627, second support: 2621, third support: 2610
First resistance: 2641, second resistance: 2652, third resistance: 2666
Trading strategy:
BUY: 2621-2623
SELL2641-2643
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
Year 2025 and Beyond: Where to Place Your Bets?S&P 500:
US indices may continue their upward trend until the first quarter of 2025. The ultimate target appears to be above 6300, where they may peak and begin a significant correction. A global stock sell-off could potentially trigger a stock market crash similar to that of 2008.
India's Nifty 50:
India's Nifty 50 may find support around the 23,000–22,700 range and resume its upward movement in the final fifth wave, targeting a peak near 29,000. The Nifty 50 is likely to follow a trend similar to the S&P 500. The bullish cycle that began in 2009 is expected to conclude near the 29,000 level. Subsequently, a significant sell-off in Indian indices could trigger a major bear market, potentially erasing up to 50% of market capitalization from its peak.
Gold:
Gold may continue its consolidation for another month or two. A final surge toward the $3,000–$3,100 range is expected to mark the end of the rally that began in December 2015 at the $1,050 level. However, the bear market in equities is unlikely to spare even the perceived safe haven, leading to a pullback in gold prices as well.
Brent Crude:
Since March 2020, Brent crude experienced a remarkable rise, surging from $15 per barrel to $139 per barrel by March 2022. Over the past 33 months, it has already corrected by more than 47%. Brent crude is still expected to decline further, potentially reaching $50 per barrel within the next 3 to 6 months. However, the current inflationary trend could drive Brent prices beyond $160 per barrel later in 2025, before eventually succumbing to a deflationary trend that may persist for several years.
US Dollar Index:
The US Dollar Index peaked at around 114 in September 2022. Since then, it declined to 100 by July 2023 before starting to rise again in a corrective A-B-C pattern, forming part of a larger (A)-(B)-(C) decline. The Wave C of (B) is expected to conclude near 109, followed by another decline toward 98 by the first half of 2025. However, a renewed bullish trend in the US Dollar Index could reinforce the "Cash is King" narrative during a global equity market downturn.
USD/INR:
The bullish trend in USD/INR, which began in January 2008 at the 39 level, has seen the Indian Rupee weaken by over 60% against the US Dollar over the past 17 years. In the short term, USD/INR may peak around 86. However, the Rupee is likely to weaken further, reaching 90 against the US Dollar by the second quarter of 2025.
US Govt. 10 years bond yield:
The long-term yield on U.S. Government 10-year bond's yield indicates rising interest rates for this decade. In the short term, the yield may ease to 3%-2.6% by the second quarter of 2025. However, fears of a U.S. Government default could push the yield to 10% or higher over the next couple of years. The "Bond Ghost," along with a global equity rout, may haunt investors again in 2025-2026.
Bitcoin (BTC):
Bitcoin's bullish trend may continue until the first quarter of 2025, albeit at a slower pace. BTC still has the potential to reach around $115k-$120k, concluding the bullish run that began in November 2022 from the level of $15,500. Over the past decade and a half, BTC has significantly outpaced any other asset class globally. However, global risk aversion, which may start with an initial global equity market sell-off, could pause Bitcoin's bullish journey for the rest of 2025. Before the end of 2025, BTC might lose up to 50% of its value from its peak.
In the longer run, however, BTC has the potential to become the most valuable asset class globally, even after experiencing a 50% erosion in its value.
SCALPING XAU ! Gold sideway trend DOWN⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week.
⭐️Personal comments NOVA:
Gold sideways price range 2610-2620, H1 trendline downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping
TP1: $2614
TP2: $2608
TP3: $2602
⭐️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
Gold continues downtrend at the end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) remains steady near $2,610 in the early Asian session on Tuesday, with trading subdued as markets anticipate a quieter pace ahead of the holiday week. Investors are keeping an eye on the US Richmond Fed Manufacturing Index for December, set to be released later in the day.
⭐️Personal comments NOVA:
Gold sideways in 2 H1 trendlines - downtrend is dominant. At the end of the year, there will be a lack of trading liquidity, not many big fluctuations.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2627 - $2629 SL $2634
TP1: $2620
TP2: $2610
TP3: $2600
🔥BUY GOLD zone: $2604 - $2602 SL $2597
TP1: $2610
TP2: $2618
TP3: $2627
⭐️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
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.
#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.
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 (xauusd): it is bearish now!hello guys.
let's make this analysis a simple one!
as you can see gold touched the upper S&D zone perfectly and at the same time touched the top line of the channel!
now the midline of the channel is broken too!
so we can consider a downward movement at least until the bottom line of channel
XAU/USD Chart Analysis and Analytical Gold Price ForecastXAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025
With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025.
The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% since the start of 2024.
The short-term outlook appears bearish due to the following factors:
- Gold prices fell after last week’s Federal Reserve interest rate cut, signalling increased selling pressure.
- The $2,720 level remains a key resistance, having reversed the price downward in November and December.
- While a recent upward reversal (indicated by an arrow) shows renewed buying interest near the lower boundary of the ascending channel, persistent selling pressure could still lead to a bearish trend. This might result in a breakdown below the blue channel's lower boundary and the formation of a descending channel (outlined in red).
Despite short-term challenges, analysts remain optimistic about gold's prospects for 2025. Donald Trump's return to the White House may significantly change global trade, Western alliances, and geopolitical dynamics. These uncertainties may increase demand for gold as a so-called safe-haven asset.
A BullionVault survey of around 1,450 participants predicts that gold prices could reach $3,070 by the end of 2025, driven by concerns over geopolitics and mounting national debt.
In this context, even if the lower boundary of the blue channel is breached, bullish momentum could resume, possibly from one of the grey support levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Market Analysis: Gold Price Faces HurdlesMarket Analysis: Gold Price Faces Hurdles
Gold price started a fresh decline below $2,665.
Important Takeaways for Gold Prices Analysis Today
- Gold price climbed higher toward the $2,665 zone before there was a sharp decline against the US Dollar.
- A key bearish trend line is forming with resistance near $2,632 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price recovered above the $2,650 resistance. The price even spiked above $2,665 before the bears appeared.
A high was formed near $2,665 before there was a fresh decline. There was a move below the $2,650 support level. The bears even pushed the price below the $2,620 support and the 50-hour simple moving average.
It tested the $2,580 zone. A low formed near $2,582 and the price is now showing bearish signs. There was a minor recovery wave above the 50% Fib retracement level of the downward move from the $2,664 swing high to the $2,582 low.
However, the bears are active below $2,650. Immediate resistance is near $2,630 and a key bearish trend line at $2,632. It is close to the 61.8% Fib retracement level of the downward move from the $2,664 swing high to the $2,582 low.
The next major resistance is near the $2,665 zone. The main resistance could be $2,675, above which the price could test the $2,700 resistance. The next major resistance is $2,720.
An upside break above the $2,720 resistance could send Gold price toward $2,750. Any more gains may perhaps set the pace for an increase toward the $2,770 level.
Initial support on the downside is near the $2,605 level. The first major support is near the $2,580 level. If there is a downside break below the $2,580 support, the price might decline further. In the stated case, the price might drop toward the $2,550 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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GOLD WAS SUPPORTED LAST LATE 🥇 Gold was supported late last week by the release of Core PCE data from the US showing a slowdown in inflation. This eased concerns that the Fed could keep interest rates higher for a longer period of time, supporting gold prices. However, the upside momentum was limited as the Fed earlier signaled a more cautious stance on rate cuts next year under President Trump.
Gold broke above its recent high around 2626 to extend its rally to 2632 late last week, but failed to hold above this level and is now falling.