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GOLD: What's possible on the opening day OANDA:XAUUSD market is opening tonight. It closed around 2648. Gold is on the bearish run but is it really in the trend reversal or just technical correction? For asset like gold, a Trend reversal needs to be supported by fundamentals. And at the moment there isn't any sign that supports it. So as of now we can say that gold is in technical correction. WHAT TO EXPECT ON MONDAY? If at opening, market moves downward and below 2645 then we can expect for sell opportunity around around that area. only valid if it goes bearish with decent volume. But if market at the opening goes bullish we can look for sell opportunity around 2657 & 2665. both these levels are pretty solid. 2665 is very solid selling point as 200SMA & fib 0.236 are acting as good resistance level. Buy levels are 2629/2624 & 2605/2610. 2605 is very big level and I don't see it breaking until market decides it's next move. This is my analysis for opening day. And until fundamentals don't come we can't say that it's trend reversal. As of now market is waiting for FOMC. Fed will decide on interest rate and that will further help us to understand the direction of the market. NOTE: Don't trade without any confirmation! If my analysis helped you in any possible way, than don't forget to like & share the idea.
OANDA:XAUUSD
by Forex_Analysis_Wing
Forecasting the direction of gold for the rest of this yearAt the beginning of the trading session on December 16 (US time), world gold prices increased. The market expects the US Federal Reserve (Fed) to cut interest rates by 25 basis points at its meeting on December 17-18 (US time). Investors took advantage of buying gold to get ahead of the uptrend after the Fed's decision. After a series of unusual developments in gold in recent times, experts are still cautious with the precious metal in the short term. Some investors are tending to sell to take profits in the last weeks of the year. Marc Chandler, CEO of Bannockburn Global Forex, said that the direction of gold depends on the Fed's decision. Gold is at risk of falling to the $2,600/ounce mark if the Fed signals a smaller reduction or stops cutting interest rates next year. Forecasts that the US economy will likely be more stable and stronger next year. This means the Fed has little reason to lower interest rates, and gold prices may not receive as much support as this year.
TVC:GOLD
by FalCol_TradingMaster
Is Gold About to Make a Big Move?Here’s What to Watch: If Gold Breaks Above $2,721: We could see it climb to $2,900 or even $3,000! If Gold Drops Below $2,600: It might fall to $2,500 or even $2,400 before finding support and bouncing back. The Upside: If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level. The Downside: A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher. Wellness Tip: Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused. Kris/ Mindbloome Exchange Trade What You See
TVC:GOLD
by Mindbloome-Trading
GOLD ROUTE MAP UPDATEHey Everyone, Great start to our 1H chart idea playing out as analysed although price still remains within the first range. We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open. We will continue to see price play between both these weighted levels until we see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2666 EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET 2719 BEARISH TARGETS 2645 - DONE EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2606 - 2586 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? 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:XAUUSDShort
by Trader_Marvin
Follow the trend and short gold!This week is a new week, so let's start this week's trading with hope! Gold rebounded after touching 2643, and currently rebounded to 2658. From the current rebound strength, gold is still very weak. And after gold just experienced a big drop, there is no position to support gold to rebound immediately. So we can only follow the weak trend in trading at present. So in the short term, I still prefer to short gold, and there is resistance in the 2660-2670 area above. Once gold cannot break through this area strongly, gold is likely to continue to fall. Once gold encounters resistance and falls back, it may fall back to the 2645-2640 area, or even the 2630 area. Bros, let's try to short gold first, and then wait patiently for gold to fall back! 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:XAUUSDShort
by Trader_Marvin
XAUUSD:16/12 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2725, support below 2627 Four-hour resistance 2673, support below 2650-27 Gold operation suggestions: Last Friday, the overall gold price was under pressure at the 2692 mark and ushered in a unilateral downward trend of short-seller suppression. The European session fell down and broke through the 2680 and 2670 marks and continued to fall to the bottom, and finally closed at almost the lowest point of the day at 2646. From the 4-hour analysis, today's upper short-term resistance continues to focus on the NY market high of 2673 last Friday. The intraday rebound relies on this position to continue to fall. Pay attention to the short-term support of 2645 below. The short-term long-short strength and weakness watershed focuses on 2627. At the same time, 2627 is the daily level long-short watershed. There is still a long opportunity before the daily level breaks through this position. Today, we will first look at the continuation of the decline. SELL: 2664near SELL: 2673near BUY: 2645near BUY: 2627near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDShort
by ActuaryJ
GOLD LIVE TRADE - 3193$ Profit booked 🚨 Live Trade Update - OANDA:XAUUSD 🚨 Just closed another successful trade with $3193 profit! 📈 As always, this was executed live right here for you all to see. The strategy I applied ? Gann Astro Trading combined with advanced mathematical calculations using proprietary backend software. This isn’t something you’ll find in books or from typical traders because TIME is more important than PRICE, and price is nothing but an illusion . Over the past 5 years, I’ve cracked the intraday trading code using Gann Astro principles, delivering precision and consistency you won’t see elsewhere. While others rely on signals and gamble blindly, I rely on superior techniques and deep market understanding. ⏳ Stop watching scams and signal sellers. If you’re serious about learning the real way to trade, DM me for 1-on-1 mentorship and elevate your trading game. 🎥 Stay tuned for my live trade execution uploads. 🚀
CAPITALCOM:GOLDShort
by GannAstroTrader
GOLD Going to the level of 2269$ GOLD Going to the level of 2269$ Gold-price may fall a bit and then bounce back to the $2690 level Recently, the price started falling from the resistance line, breaking the $2690 level, and fell to $2535 points, breaking the $2605 level too. Price then turned around and started rising inside a wedge where it broke the resistance line and soon reached the $2605 level. The price exceeded this level and rose to the resistance line of the wedge and then made a correction to the support level. Then, the price traded for a while and then fell to the support line of the wedge, after which it made an upward momentum. Gold went up to the wedge resistance line, violating the $2690 level, but it recently turned around and fell to the support line. Now, I think gold may fall below the wedge support line a bit and then bounce to the $2690 level.
OANDA:XAUUSDLong
by Trade_Hive_Signals
Gold Market Weekly Analysis | XAUUSD Price action OutlookGold prices experienced a nearly 1% decline last week, largely influenced by a series of US economic data releases. Mixed signals from consumer and producer inflation reports kept markets cautious, but the lower-than-expected Initial Jobless Claims report strengthened investor confidence in a potential Federal Reserve rate cut at its December 17-18 meeting. Currently, traders are assigning a 93% probability to a 25 basis points (bps) rate reduction. Next week promises to be eventful, with key US economic releases such as S&P Global Flash PMIs, Retail Sales, Industrial Production, and the core PCE Price Index, alongside the pivotal FOMC policy decision. These will play a critical role in shaping gold's trajectory. In this video, I dive deep into the XAUUSD chart, breaking down technical and fundamental factors to help us navigate the upcoming trading week. 📢 Disclaimer: This video is for educational purposes only and does not constitute financial advice. Please consult with a professional before making trading decisions. #GoldAnalysis #XAUUSD #GoldPriceForecast #FOMC #RateCut #ForexTrading #MarketOutlook
SAXO:XAUUSD
by darcsherry
15
12.16 Gold Short-term Operation AnalysisThe gold market rose and fell last week. At the beginning of the week, the market opened high at 2645.1 due to the risk aversion factors on the weekend. The market first filled the gap and gave 2626.1. Then the market rose strongly. By Thursday morning, the highest point of this round of impact target 2726.2 was touched. After that, the market took profits and the negative fundamental factors suppressed the market to fall rapidly. The weekly line finally closed at 2648.6. The weekly line closed with a shooting star pattern with a very long upper shadow. After the end of this pattern, the weekly line has technical adjustment pressure, and the target of this round of testing is still the weekly level Bu Lin middle track support. In terms of points, if it rises first in the morning, give 2667 shorts and conservatively give 2670 shorts and stop losses at 2674. The lower targets are 2655 and 2645. If it falls below, this week's targets are 2640 and 2631 supports. If it still breaks, look at 2623 and 2612 near the extreme adjustment points of this round to exit and reverse trend long positions.
TVC:GOLD
by AIan_Gold
1
The downward space opens up. Trend analysisGold closed slightly higher last week, and gave up most of the gains of the previous four days at the end of the week. The 10/7-day moving average of the short-term four-hour chart opened downward at 65/70, and the RSI indicator was running on the lower track of the axis in the hourly chart and the four-hour chart, and the Bollinger band was running on the middle and lower track. Technically, the weak adjustment of gold on Friday changed the extremely strong gold bull structure. Wait for the rebound high to sell at the beginning of this week. Gold bulls do not have any strong rebound now, and the short-term trend of gold is still short. The rebound is an opportunity for shorts. Gold is waiting for a rebound to continue to short. The 1-hour moving average of gold has begun to enter a downward dead cross pattern. If it continues to diverge downward, the gold short position will be further opened. Gold hit a new low in the Asian session. The previous low of gold at 2675 is now forming a counter-pressure. Sell at highs below the rebound of 2675. You can go short near 2670. First support: 2640, second support: 2633, third support: 2620 First resistance: 2660, second resistance: 2672, third resistance: 2680 Trading strategy: BUY: 2636-2638 SELL: 2670-2672
OANDA:XAUUSDShort
by Jun-GoldAnalyst
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.
OANDA:XAUUSDLong
by pejman_zwin
24
Gold Trading Strategy for 16th December 2024Gold Trading Strategy Buy Above: The high of the candle which closes above 2662 on a 15-minute chart Sell Below: The low of the candle which closes below 2636 on a 15-minute chart Risk Strategies: Risk Strategy 1: Sell between 2660-2666 Stop-Loss: 2675 Targets: 2648, 2636, 2619 Risk Strategy 2: Buy between 2621-2617 Stop-Loss: 2608 Targets: 2636, 2648, 2660 Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact gold prices. Disclaimer: This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2666and a gap below at 2645. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2666 EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET 2719 BEARISH TARGETS 2645 EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2606 - 2586 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
28
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing ema5 play between two weighted levels with a gap above at 2693 and a gap below at 2656, which is already done with candle body close but need ema5 to cross and lock below to confirm the move further down. Weighted Goldturns will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2693 EMA5 CROSS AND LOCK ABOVE 2693 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET 2765 EMA5 CROSS AND LOCK ABOVE 2765 WILL OPEN THE FOLLOWING BULLISH TARGET 2795 BEARISH TARGETS 2656- DONE EMA5 CROSS AND LOCK BELOW 2656 WILL OPEN THE FOLLOWING BEARISH TARGET 2613 EMA5 CROSS AND LOCK BELOW 2613 WILL OPEN THE SWING RANGE SWING RANGE 2561 - 2519 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone, Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range. After completing a nice run of bull targets over the last few months, we last updated this chart stating we were playing between two weighted levels 2629 and 2686 and 2629 was still providing support with no ema5 lock below leaving a the gap open again at 2686. 2686 was hit again last week completing this target one again with no further lock above 2686 confirming the rejection for the move down. We will continue to see play between 2629 and 2686 until we see a break with ema5 lock to confirm the next range. We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our monthly chart idea for our long term/range analysis that we last updated last week on month start. Last week we stated that this month also started with a detachment to ema5 below for a correction, which was nearly completed and can be pulled up to complete, also highlighted with a small mini circle on the charts for visual purpose. - This detachment to ema5 was completed perfectly. We also stated that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce. - This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702. We will wait for month end to look for a body close above 2702for a further continuation or if momentum allows to compete the axis targets above before hand. However, we will keep in mind the channel top that may require a support test. We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
FOREXCOM:XAUUSD
by Goldviewfx
3