Gold is Ready to Break Resistance lines!!!Gold attacked a Heavy Support zone($2,605-$2,584) yesterday, as I expected .
Gold is starting to rise from the Heavy Support zone($2,605-$2,584) and breaking the First Resistance lines .
According to the theory of Elliott waves , Gold managed to complete wave 5 so that wave 5 was Truncated .
I expect Gold to attack the Downtrend line and the Resistance zone($2,642-$2,620) after breaking the First resistance lines .
⚠️Note: If Gold goes below $2,600, we should expect more Dumps⚠️.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Goldsignals
XAUUSD Accumulation almost over. Strong rally expected to $3000.XAUUSD (Gold) is having the market worried lately as it hasn't made a new High since October 30. Instead it has been consolidating since the November 14 Low and even broke below the 1D MA100 (green trend-line) last week.
This is far from alarming though, as the long-term pattern remains a Channel Up since the October 06 2023 bottom and in fact the current level presents a strong long-term buy opportunity as a Higher Low formation of the pattern.
As you can see, each of the 3 Bullish Legs of the Channel Up have rallied by around +20% but first they consolidated after first breaking below the 1D MA50 (blue trend-line) for 1 month. Even the RSI sequences between their fractals are identical.
As a result, we believe that Gold may start the new Bullish Leg (4th) as early as late this week or next one and rally by at least +18.65% (rise of Bullish Leg 1), targeting $3000.
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GOLD (XAUUSD): Your Trading Plan for Today
If you decided to trade today, there is one potential
shorting opportunity for Gold.
Following my recent update, the price is testing a recently
broken daily horizontal structure at the moment.
On an hourly time frame, the price formed a tiny double top on that.
2621 - 2625 is its neckline.
To sell the market with a confirmation, wait for a bearish breakout of
a neckline and an hourly candle close below that.
Sell aggressively or on a retest then.
Targets will be 2608 / 2600.
If the price sets a new higher high,
the setup will be invalid.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD (XAUUSD): Bearish Outlook For Next Week Explained
Gold closed this week, retesting a recently broken
significant daily horizontal support - a lower boundary
of a wide trading range.
With a high probability, the price will drop from the underlined zone
all the way down to 2563 - the next important structure.
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Gold will Go Down Again!!!Gold ( OANDA:XAUUSD )started to decrease yesterday after the release of the US indexes(Federal Funds Rate, FOMC Economic Projections, FOMC Statement) .
Gold is moving near the Resistance zone($2,642-$2,620) and Resistance lines .
In terms of Classic Technical Analysis , Gold appears to be forming a Rising Wedge Pattern .
According to Elliott's wave theory , Gold is completing wave 4 . The probability that the wave structure of wave 4 will be complicated is very high. Of course, it depends on today's US indexes (Final GDP, Unemployment Claims) .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks.
I expect Gold to start declining again from the Potential Reversal Zone(PRZ) and AFTER breaking the lower line of the wedge pattern , it will fall to at least $2,611 and attack the Heavy Support zone($2,605-$2,584) .
⚠️Note: If Gold breaks the Potential Reversal Zone(PRZ) and Resistance lines, we can expect more Pumps.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return.
Today, we have the US interest rate decision, which could bring significant volatility to the market, with both bull traps and bear traps likely. If you are not a professional trader, it’s better to stay away from the market and wait for stabilization, especially during Jerome Powell’s speech.
The previous analysis remains valid: as long as the price holds above $2641, we can expect further upward movement. However, if the price drops below $2641 and closes a candle underneath, we will likely see a sharp decline.
Keep these scenarios in mind and be patient to find the best trigger.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD (XAUUSD): Intraday Bearish Bias
Gold nicely retested a recently broken key daily horizontal support.
After its test, I see very intraday bearish price action with
a confirmed local Change of Character CHoCH.
The price will most likely drop lower at least to 2585.
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GOLD (XAUUSD): Massive Breakout
FED rate decision and FOMC made Gold very bearish yesterday.
The price violated a support line of a wide horizontal range on a daily.
Its breakout signifies a strong bearish pressure.
It opens a potential for more price depreciation.
Next support - 2563
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Analysis==>>PumpingToday, U.S. Retail Sales figures were released. Retail sales increased by 0.7% , surpassing the forecast of 0.6% . However, Core Retail Sales rose by only 0.2% , below the anticipated 0.4% .
These figures indicate continued strength in U.S. consumer spending, which can lead to a stronger U.S. dollar ( TVC:DXY ) . A stronger dollar typically exerts downward pressure on gold prices, as gold is priced in dollars, making it more expensive for international investors when the dollar appreciates.
However, it's important to note that multiple factors influence gold prices, including upcoming Federal Reserve decisions on interest rates and global economic conditions.
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Gold ( OANDA:XAUUSD ) continued to fall as I expected and is currently moving through the Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ) .
According to Elliott's wave theory , Gold seems to be completing wave 5 .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys.
I expect Gold to start rising again from the PRZ and Support lines and attack the Resistance lines .
⚠️Note: If Gold breaks the Support zone($2,642-$2,620), we can expect more dumps.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XauUsd- New leg down towards 2610 support?In my Friday analysis, I highlighted that while the 2660-2665 zone is a technical support, it is too obvious and very likely to fall.
This prediction came true as the week closed with Gold trading below this level, forming a strongly bearish daily candle.
Additionally, a Pin Bar from the 2700+ resistance zone appeared on the weekly chart, reinforcing the bearish outlook.
During the Asian session last night, the price tested the ascending trendline, and as of now, Gold is trading at 2656, hinting at a potential rebound following the 800-pip drop from its recent peak.
Looking ahead, if a deeper rebound occurs, the 2680 zone will be a key level for bears to monitor. This area presents an ideal shorting opportunity given its favorable risk-to-reward setup.
At the moment, I’m out of the market, waiting to sell into signs of weakness, with 2610 support as my target.
Xauusd (GOLD): I am thinking to short positionshello guys!
let's analyze GOLD
Liquidity Hunted:
The chart highlights a liquidity grab near the recent high (marked as hunted), where the price spiked above resistance before reversing sharply.
Downtrend Movement:
Gold has shown strong bearish momentum, breaking below a rising trendline and key support levels.
A continuation toward the gray demand zone around $2,585–$2,595 is likely.
Key Demand Zone:
The gray highlighted area is the next potential support, where buyers may step in to halt the decline.
Scenarios:
Scenario 1: If the price respects the demand zone, a short-term bullish rebound towards $2,620–$2,630 can occur.
Scenario 2: Failure to hold the demand zone could push Gold further down toward the blue support area near $2,539–$2,535.
Conclusion:
Gold is currently bearish, with a strong possibility of reaching the demand zone at $2,585–$2,595. Traders should monitor this level for signs of a reversal or continuation, with $2,539 as the next downside target if support fails.
XAU/USD : LONG, SHORT, LONG! (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above $2700. This analysis will be updated further, so stay tuned and follow step by step!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold will Go Down to PRZ!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the Support zone($2,670-$2,653) . It is currently completing a pullback to this zone, so the pullback pattern appears to be a rising wedge pattern .
According to Elliott's wave theory , Gold seems to have completed wave 4 .
I expect Gold to continue falling to the next Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ) .
⚠️Note: If Gold breaks the Resistance zone($2,665-$2,662) and resistance line, we can expect gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD still at the bottom of the 1 year Channel Up. Strong Buy.Gold (XAUUSD) has been trading within a 1-year Channel Up since the October 02 2023 weekly bottom. When it makes a technical Higher High and then pulls back, the pattern's Bearish Legs tend to be quite prolonged but at the same time always supported by the 1D MA100 (red trend-line).
The current Bearish Leg bottomed on the 1D MA100 on the week of November 11 2024 and made a technical Higher Low. Based on the previous two Higher Lows, the price may continue to consolidate until the end of the year before it breaks out again upwards but with the current level being so close to the 1D MA100, it makes it already a technical buy opportunity.
All previous Bullish Legs hit at least the 2.5 Fibonacci extension from the Higher High - Higher Low and the strongest rise has been +22.50%.
As a result, we can target $3100 as the Channel's next Higher High, which would be a +22.50% rise from the November bottom but still below the 2.5 Fibonacci extension.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Gold Analysis==>>Rising again==>>Short term!!!Gold ( OANDA:XAUUSD ) started to decline from the Resistance zone($2,740-$2,708) , as I expected in the ✅ previous post ✅.
Gold is moving in the Support zone($2,670-$2,653) and near the Potential Reversal Zone(PRZ) .
According to Elliott's wave theory , Gold is completing wave 5 .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to start rising again from the PRZ and attack the Downtrend line ; if it breaks, we can expect further pumps .
⚠️Note: We should expect further decline if Gold breaks the Support zone($2,670-$2,653).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis
and important supports and resistances for Gold for next week.
Support 1: 2648 - 2666 area
Support 2: 2605 - 2625 area
Support 3: 2536 - 2563 area
Resistance 1: 2718 - 2732 area
Resistance 2: 2787 - 2789 area
Consider these structures for pullback/breakout trading.
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