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Gold Analysis: Bearish Reversal Looms After Supply Zonehello guys! let's dive into #xauusd #gold analysis! Supply and Demand Zone: The price recently touched the highlighted supply and demand (S&D) zone around $2,640-$2,650, showing resistance in that area. Trend Channel: The price is moving within an ascending channel, with higher highs and higher lows. However, the current trend shows signs of potential exhaustion. Projected Movement: After touching the S&D zone, the price began to decline. The chart suggests a potential retest of the midline of the channel before continuing downwards. Bearish Outlook: If the price breaks below the lower channel line, a significant drop toward the $2,578 level is possible, indicating a bearish continuation.
OANDA:XAUUSDShort
by melikatrader94
4
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold, after a significant drop last week, has shown a reaction near the support zone and entered a corrective phase. This upward correction is expected to continue until the price reaches the specified resistance zone. Based on the market structure, it is anticipated that after completing the correction, the price will likely reverse from the resistance zone and decline towards the identified support level. Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
7
Gold Price ActionExpert Insights for Traders - Navigating 2024 and Beyond Hello Traders, First and foremost, I want to extend my warmest wishes to all traders in 2024. Trading can be challenging, and not everyone experiences smooth times, but remember—each trade is a learning opportunity. Let’s step into 2025 with hope, positivity, and a mindset geared for success. Key Trading Concepts and Techniques In this session, I’ll walk you through some essential trading tools and concepts, including: - Candle Patterns - Parallel Channels and Curved Lines - Liquidity Zones 1. Curved Lines vs Parallel Channels You may notice that I initially drew a parallel channel, but upon closer analysis, the price has already broken the curve line. This highlights a key point—using curved lines can provide an early signal for breakouts compared to standard parallel channels. I encourage you to explore curved line techniques to stay ahead of the market. 2. Candle Pattern Analysis A clear Shooting Star pattern has appeared, signaling a potential downward move. This pattern often acts as an early warning, allowing you to position yourself accordingly. 3. Spotting Liquidity Zones Another observation is the presence of liquidity zones created behind the price. Markets often sweep these zones to capture liquidity before making significant moves. Being able to identify these areas can help you predict price behavior more accurately. Keep It Simple—Focus on Price Action Instead of relying heavily on indicators, focus on naked charts and price action analysis. Simplified setups often provide clearer insights without unnecessary distractions. By mastering candle patterns, curved lines, and liquidity zones, you’ll find it easier to identify opportunities and make informed decisions. Final Thoughts As we wrap up, I want to remind you to focus on continuous learning and improving your skills. Trading is a journey, and simplifying your approach can make it both profitable and enjoyable. I wish you all the best and happy trading! 🎄🎄 Merry Christmas and a 🎇Happy New Year 2025🎇 🎄🎄 Thank you!
FX:XAUUSDShort
by SuvashishFx
Xauusd sell Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal. Gold confirm signal Gold now sell 2629 Target 2580 From a technical perspective, the recent recovery from a one-month low, along an ascending channel, constitutes the formation of a bearish flag pattern on hourly charts. Moreover, oscillators on the daily chart remain in negative territory, suggesting that the path of least resistance for the Gold price is downward. That said, it will still be prudent to wait for a convincing break below the channel support, currently pegged around the $2,605-$2,600 area, before positioning for any further depreciating move. Xauusd sell signal
OANDA:XAUUSDShort
by JohnHarry_7
12
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.
OANDA:XAUUSDShort
by maliabid
Gold Ready to Fall: Bearish Move Expected📉 Gold Bearish Short-Term Outlook 🔹 Price Targets: 🎯 Target 1: $2,610 🎯 Target 2: $2,586 🔹 Stop Loss: $2,646 📈 Why This Trade? ✅ Double Top Formation: A clear bearish reversal pattern suggests further downside movement. ✅ Strong U.S. Dollar: The strengthening dollar is putting pressure on gold prices. ✅ Rising Treasury Yields: The recent increase in U.S. Treasury yields makes gold less attractive compared to interest-bearing assets. ✅ Reduced Safe-Haven Demand: With easing geopolitical tensions, the demand for gold as a safe haven is weakening.
FX:XAUUSDShort
by ValchevFinance
Gold Spot Analysis: Crown Pattern Signals Potential ReversalGold's recent price action on the 4-hour chart has unfolded into a fascinating Crown Pattern, hinting at a potential bearish continuation. This pattern, often associated with trend reversals, presents a compelling opportunity for traders to position themselves for the next move. Currently trading at $2,614, gold appears to be forming a consolidation phase within a descending triangle, signaling growing bearish momentum. Key Observations: Crown Pattern Formation: The clearly defined Crown Pattern suggests the exhaustion of the recent bullish wave. The structure follows classic measurements, with XA and DG ratios aligning closely with textbook values. The neckline at $2,630 has already been breached, solidifying the bearish outlook. Descending Triangle: Gold is consolidating within a descending triangle just below the neckline, with lower highs and a flat support line. A decisive break below $2,596 could trigger further declines. Key Support Zone: Immediate support lies at $2,554.55, coinciding with the Crown Pattern's projection target. This level will be crucial for bears to maintain their dominance. Bearish Momentum: Momentum indicators, combined with volume analysis, show waning buying pressure, further reinforcing the likelihood of a downward move. ------------------------------------------- Expected Scenarios: Bearish Continuation: A breakdown below the descending triangle at $2,596 could pave the way for a decline toward $2,554 and potentially lower. Bullish Reversal Invalidated: If gold manages to break above $2,630 and sustain above this key level, the bearish outlook will be invalidated, opening the door for a retest of $2,670.
FOREXCOM:XAUUSDShort
by melikatrader94
8
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold has recently broken its ascending trendline and is currently trading below the resistance zone. It is expected that after a pullback to the broken level, the price will resume its downward movement, targeting at least the specified support level. If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart. Don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
16