XAU Gold 30MinIchimoku Cloud
The red cloud indicates a prevailing bearish trend in the past.
Flat areas of the cloud highlight potential future resistance zones.
Key Support and Resistance Levels
Key Support (Orange Line): Around 2,649.77
Important Resistances (Yellow and Green Lines):
First Resistance: 2,655.39
Second Resistance: 2,667.41
Risk and Reward Area
The red area below the chart represents the Stop Loss zone (loss area).
The green area above indicates the Take Profit zone (profit area).
A trade has been executed with a balanced risk-to-reward ratio.
Relative Strength Index (RSI)
Current RSI value: 47.58
RSI below 50 indicates relative market weakness in the current state.
Green Arrows
The green arrow at the bottom of the chart suggests a potential bullish reversal from the key support level.
Analysis Conclusion:
The recent downtrend has tested the support level at 2,649.77.
If the price stabilizes at this level and breaks through the first resistance at 2,655.39, there is a possibility of growth towards the next resistance at 2,667.41.
The RSI needs to cross above 50 to confirm buyer strength.
Otherwise, breaking the support level may lead to further decline.
Metals
XAU Gold 4H TradeFriends, the first trade on gold begins. I’m taking a long position on gold with a 4-hour timeframe, which I believe will show results in the next three to four days. There will be daily updates added to the analysis based on 30-minute intervals, so it’s a good idea to follow me to also see trades on lower timeframes.
For this trade, I’ve hypothetically invested $500 with 20x leverage. You can adjust these amounts based on your own strategies and techniques. The main goal is to identify trends in gold across various timeframes and share insights.
If you have any thoughts or suggestions, I’d be happy to hear them in the comments.
Thank you!
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
Sprott Physical Copper Trust (symbol, COP.UN) traded in Canada COP.UN is showing a big discount of about 20% against NAV
So a buy set up in COP.UN around current levels of about CAD 9,65 could show some nice profits
in the coming months when the discount will probably getting smaller.
Potential upside 20%
Long positions in COP.UN can be hedged by going short CPER (Copper ETF) in the US market to hedge against price drops in COP.UN
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.
GOLD FURTHER SELL OFF?! (UPDATE)Haven't had time to update recently as I've been extremely busy, but either way Gold has been paying us in the background!
We got that rejection from Wave 2 & a huge melt back down again towards the bottom of this 'Flat Correction' channel which I called for you all. Now waiting on Wave 3 to make its huge move down📉
SPY/QQQ Plan Your Trade For 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days.
Traders should move away from risk headed into Christmas and the end of 2024.
Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling.
Bitcoin rallied to key resistance and will likely move into a consolidated range (again).
This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration.
Buckle up.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NEW IDEA FOR GOLD In the 4-hour chart of gold, it can be seen that the price of gold reacted positively at the support level of $2,644 and moved upwards by forming a price bottom. This support level has been well maintained so far, indicating the willingness of buyers to defend this level.
If the support level of $2,644 is maintained and the pressure from buyers continues, the probability of the price rising to the important resistance level of $2,717 will be very high. This resistance has acted as an important price ceiling in the past, and its failure could pave the way for further upward movements.
On the other hand, the existence of an upward trend line that started from the recent lows indicates the general market tendency for the price of gold to grow in the short term. Technical indicators such as the Ichimoku cloud also show that the price can strengthen its upward trend if it crosses the current resistance and enters the upper range of the green cloud.
Therefore, the bullish scenario remains valid provided the support at $2,644 is maintained and the resistance at $2,717 is broken, and further growth in gold prices can be expected.
GBPCAD Analysis And Next Market MovePair Name = GBPCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Details :-
GBP is getting strong. Gradually buyers are increasing. GBPCAD is getting ready for a good bullish wave. Expecting 300 Pips + gain here in the move.
Bullish Target :-
1.83000
1.84000
GOLD → Correction before a possible fall FX:XAUUSD is moving into the correction phase amid last week's economic data. The price is returning to the channel and in general confirms the bearish character on the market.
Markets are ready for a 0.25% interest rate cut, but traders are waiting for hints on the Fed's stance: whether the Fed will continue to cut rates, go into a wait-and-see mode, or hint at a rate hike based on last week's economic data. Traders are eagerly awaiting the Fed's decision, which will be announced on December 18. The gold price is also receiving support from renewed tensions in the Middle East and political turmoil in South Korea.
Technically, after the false breakout of 2721 a deep correction is forging, which generally develops into a localized downtrend. The price is approaching the panic zone 2615-2600. At the Asian session a correction is forming and it is worth paying attention to the key resistance zones
Resistance levels: 2667, 2675, 2685
Support levels: 2646, 2633
The price is heading towards the imbalance zone within the correction. A quick approach and retest of resistance could trigger a rebound. Traders may enter the phase of profit taking before strong news
Regards R. Linda!
GOLD Is Going Up! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,658.744.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,675.908 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
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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eurusd short/long +180/+180 swing trade setup🔸Hello traders, let's review the 1hour chart for EURUSD today.
We are currently stuck in 180 pips high/low range, so it's best
to focus on selling high and buying low in current market conditions.
🔸Key levels for eurusd traders: 0420 s/r bulls, 0600s/r bears,
0600 mirror s/r bears level will get re-tested by the bulls for liquidity.
🔸Recommended strategy for eurusd traders: the sequence
is short / long so you want to short high off the s/r bears at 0600 SL 40
TP 0420 pips, this is the the reversal play / re-test of the mirror s/r bulls
at 0420 then flip long at/near 0420+-20 pips SL 40 pips TP1 +90
TP2 +180 pips final exit bulls at mirror s/r at 0600. this is a swing
trade setup, patience required. good luck traders!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GOLD Technical Analysis! BUY!
My dear friends,
My technical analysis for GOLD is below:
The market is trading on 2660.0 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2682.0
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Hellena | GOLD (4H): Long to resistance area of 2717.733(Again).Dear colleagues, I believe that the 2717 level will be reached again, because the five-wave upward movement is not over yet.
I see here the development of wave “3” of higher order and the completion of the correction in wave “2” of medium order. I expect the price to start an upward movement this week.
I do not recommend placing short orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Pan American Silver (PAAS) AnalysisCompany Overview:
Pan American Silver NYSE:PAAS , a leading precious metals producer in the Americas, is strategically positioned to benefit from the rising prices of silver and gold, driven by global economic uncertainties and inflationary pressures. As investor interest in precious metals grows, PAAS stands out for its robust operations and efficient portfolio management.
Key Catalysts:
Organic Growth Focus:
PAAS has increased its 2024 drilling budget to over 450,000 meters, highlighting management's confidence in its exploration prospects.
This aggressive exploration strategy signals long-term production growth and resource expansion.
Portfolio Optimization:
The company secured Investment Canada Act approval for the $245 million sale of its La Arena gold mine and La Arena II project in Peru to Zijin Mining Group.
This transaction demonstrates PAAS’s commitment to unlock value from non-core assets and focus on its most profitable operations.
Precious Metals Momentum:
Rising gold and silver prices, fueled by inflation concerns and economic uncertainty, enhance revenue potential for PAAS.
As a top-tier producer with diversified operations, the company is well-leveraged to capitalize on higher commodity prices.
Investment Outlook:
Bullish Outlook: We remain bullish on PAAS above the $20.00-$21.00 range, supported by strong fundamentals, rising metals prices, and a clear focus on organic growth.
Upside Potential: Our target range for PAAS is $34.00-$35.00, reflecting the company’s ability to grow production, optimize its portfolio, and benefit from favorable macroeconomic trends.
🚀 PAAS—Capitalizing on Rising Precious Metal Prices and Strategic Growth. #Gold #Silver #MiningGrowth
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
An exciting week with many important economic data.World gold prices decrease when the USD increases. Recorded at 9:40 a.m. on December 16, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,570 points (down 0.11%).
According to Naeem Aslam - investment director of Zaye Capital Markets, gold investors should mentally prepare for the possibility of gold prices weakening next week. The main reason comes from the US Federal Reserve (FED) reducing expectations about cutting interest rates, in the context of inflation still being "persistent".
Lukman Otunuga - market analyst at FXTM - gave a neutral comment on gold prices in the short term. According to him, the trend of this precious metal will largely depend on the policy message that FED officials give in the upcoming meeting. Otunuga emphasized that, if the FED continues to maintain its "hawkish" stance, this could limit the ability of gold prices to increase as investors gradually narrow their expectations for stronger interest rate cuts next year. 2025. On the contrary, if the FED signals to loosen policy in 2024, gold prices could increase to 2,700 USD/ounce or higher.
🔥 XAUUSD SELL 2656 - 2654🔥
💵 TP1: 2630
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2665
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