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How to Identify Significant Liquidity Zone in Gold Trading A liquidity zone is a specific area on a price chart where the market orders concentrate. In this article, I will teach you how to identify the most significant liquidity zones on Gold chart beyond historical levels. Liquidity Zones First, in brief, let's discuss where liquidity concentrates. Market liquidity concentrates on: 1. Psychological levels Above, you can see a clear concentration of liquidity around a 2500 psychological level on Gold price chart. 2. Fibonacci levels In the example above, we can see how 382 retracement of a major bullish impulse attracts market liquidity on Gold XAUUSD daily time frame. 3. Horizontal support and resistance levels and trend lines. In that case, an area based on a classic support/resistance level was a clear source of market liquidity on Gold. Significant Liquidity Zone A significant liquidity zone will be the area where psychological levels, Fibonacci levels, horizontal support and resistance levels and trend lines match . Please, note that such an area may combine the indicators, or any other technical tools. Such zones can be easily found even beyond the historic levels. Look at a price chart on Gold on a daily. Though the market has just updated the ATH, we can spot the next potentially significant liquidity zone with technical analysis. We see a perfect intersection of a rising trend line, 2600 psychological level based on round numbers and a Fibonacci extension confluence of 2 recent bullish impulses. These technical tools will compose a significant liquidity zone. The idea is that Gold was rallying up because of the excess of demand on the market. We will assume that selling orders will be placed within that liquidity zone and the excess of demand will be absorbed by the supply. It will make the price AT LEAST stop growing and potentially will trigger a correctional movement. Learn to recognize such liquidity zones, it will help you a lot in predicting Gold price movements. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
Geopolitical tensions will lead to gold strengtheningGold is trading in an ascending channel drawn by the Andrews fork. The support level of $2,646 acts as a critical point, and if it holds, there is a possibility of a rise to the resistance level of $2,702. Technical and fundamental analysis 1- Technical analysis: The price is close to the lower Bollinger band and is likely to return to higher levels. 2- Geopolitical tensions: Increased tensions in the Middle East have increased demand for gold. 3- Weakness of the dollar: The decline in the dollar index and possible Federal Reserve policies have worked in favor of gold. Conclusion Holding the $2,646 level is essential for the bullish trend to continue, and any increase in geopolitical tensions could push the price towards $2,702.
FX_IDC:XAUUSDLong
by arongroups
xauusd analysis for mondayTechnical Analysis Key Levels: Support: Primary Support: $2,630–$2,640, a crucial level that has consistently held over the past weeks. Secondary Support: A breakdown below $2,630 could lead to further declines toward $2,600 and $2,570 Resistance: Primary Resistance: $2,670–$2,700, a zone gold must clear to confirm bullish momentum. Extended Target: A sustained move above $2,700 could push gold toward $2,720 or higher, with the long-term target near $2,750 Price Action: Gold has been consolidating around $2,650, indicating indecision in the market. Traders are awaiting a catalyst for a breakout in either direction Indicators: RSI: Neutral, indicating no overbought or oversold conditions. Moving Averages: Gold is trading near its 50-day moving average, reflecting a balance between buyers and sellers. Elliott Wave Analysis: Suggests the current correction phase might end soon, potentially paving the way for an upward movement Fundamental Analysis Key Drivers: 1. Federal Reserve Meeting: A dovish stance or pause in rate hikes could weaken the USD, benefiting gold. Conversely, a hawkish surprise could pressure prices. 2. US Economic Data: Housing Data: Strong numbers may support the USD, weighing on gold. GDP Report: A weaker-than-expected reading could bolster gold's safe-haven appeal, while strong data might strengthen the dollar 3. Global Economic Factors: Geopolitical Risks: Persistent uncertainties may sustain demand for gold as a safe-haven asset. Inflation: Gold's role as an inflation hedge keeps it relevant amid ongoing inflationary pressures globally 4. Seasonal Trends: December traditionally sees increased gold demand, linked to year-end portfolio adjustments and festive purchases. Trading Scenarios Bullish Scenario: Entry: Above $2,660 Targets: $2,700, $2,720, and potentially $2,750 Stop-Loss: Below $2,630 Strategy: Look for a confirmed breakout above resistance or positive market sentiment boosting gold. Bearish Scenario: Entry: Below $2,630 Targets: $2,600 and $2,570 Stop-Loss: Above $2,660 Strategy: Watch for rejection at $2,650 or stronger-than-expected US data supporting the USD.
OANDA:XAUUSD
by realmillionairefx
GOLD--> Testing $2700: What Awaits with Upcoming PPI?OANDA:XAUUSD at the time of writing, prices are fluctuating around $2706, down 0.42% for the day, with not enough momentum to break the $2711 level. Meanwhile, buyers seem to have paused as the market prepares for the upcoming Producer Price Index (PPI) on Thursday. This report is expected to shed more light on the Federal Reserve’s rate-cut trajectory, keeping investors cautious. While prices are currently hovering around a minor pullback, some fundamental factors suggest that any drop may only be short-lived. Treasury yields have steadily declined throughout the year, a trend that typically supports gold. Moreover, persistent geopolitical tensions remain a strong driver for safe-haven demand, reinforcing the allure of the yellow metal. On inflation, while consumer prices have stopped rising aggressively, they remain stable. This stability makes it almost certain that the Federal Reserve will proceed with a 25 basis-point rate cut at its December 17-18 policy meeting. In fact, traders are pricing in a 96% probability of this move, up from 86% before the recent inflation report. From a technical perspective, gold is attempting to escape its main range, breaking key resistance. The focus is on $2700 and $2670. If buyers hold their ground in this region even after the news, prices will continue to grow in the future, as key liquidity zones remain untested. This projected growth is expected to reach levels such as $2758 and $2790. Always stay ahead of the market with Bentradegold—your trusted source for analysis and deep insights!
OANDA:XAUUSDLong
by Bentradegold
GOLD → Wedge has formed. What next?OANDA:XAUUSD consolidation has been completed as investors rush to take profits after the precious metal’s consecutive price increases, reaching the highest level in more than 5 weeks earlier in the session. Prices are currently testing the gap around 2683 - 2670 (FVG). What’s next? Focusing on policy guidance related to the future of U.S. policies is crucial to determining the certainty of the market's next bullish wave. According to the CME FedWatch tool, there is a 98% probability that the Federal Reserve will cut interest rates at next week's policy meeting. Alex Ebkarian, CEO of Allegiance Gold, notes that the Fed is in a very difficult position as the likelihood of a rate cut next week increases, but inflation remains elevated. From a technical perspective, gold is attempting to escape the battlefield, crossing a key resistance level. A breakout at 2687 has already been established. In theory, the development tends to push prices higher. If gold breaks out of the resistance size, it will provide distribution momentum. Conversely, prices may consolidate further. Ultimately, everything depends on the dollar. Best regards, Bentradegold !
OANDA:XAUUSDLong
by Bentradegold
XAU/USD 12.12.2024OANDA:XAUUSD Hello Traders, Today, we’re taking a closer look at gold. As expected, gold is moving down in an ABC structure (yellow) within our larger orange wave 4. From here, we can anticipate either a 12345 structure or, if the price moves sideways, another ABC structure leading up to wave 5. Wave 4 has likely reached its bottom, though there is still a possibility of a further decline to the 61% Fibonacci level. However, I consider this scenario unlikely. Overall, we are once again looking for higher prices in the near future.
OANDA:XAUUSDLong
by NeptenFX
1
GOLD ROUTE MAP UPDATEHey Everyone, A fantastic finish to the week with our chart idea targets all completed! We traded the entire move up from Monday, all the way up, confirmed with cross and lock to give us plenty of time to get in for the action. 2645 - DONE 2661 - DONE 2679 - DONE 2697 - DONE After our last target was hit, we now finished off perfectly today with the rejection for the move down. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
13
GOLD PRICES RETREAT AS STRONG DOLLAR PREVAILS AND ECONOMIC DATA Economic Data Impacting the Market On December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy, went up by 0.2% for the month and 3.5% annually. Initial jobless claims for the week ending December 7 reached 242,000, significantly above the expected 220,000, indicating rising unemployment. These mixed signals highlight ongoing inflation pressures alongside a weakening job market. Fed Rate Cut Expectations Shift According to the CME FedWatch Tool, the probability of a rate cut by the Federal Reserve in December has decreased to 96.70% from 97.50% a day ago, signalling changing market expectations.
OANDA:XAUUSDShort
by DynamicCapital-FX
SPY/QQQ Plan Your Trade For 12-13 : Carryover In ContertrendToday's pattern is a Carryover in Counter trend mode. As you'll see in today's video, I'm highlighting many various new features and techniques to help traders understand price movement and context related to trading opportunities. We need to understand how to target opportunities and how to avoid risks. I had a long conversation with a subscriber yesterday - he's struggling to understand how to trade efficiently. Trading is all about jumping on opportunities when they hit and trying to avoid risks and overtrading. I see so many people try to trade everything that ticks - even when they should be sitting on the sidelines and waiting for better opportunities. If you want to gamble with your trading account - throw a dart and pick BUY or SELL (RED or BLACK). If you want to learn how to consistently target the best trade setups, then learn to WAIT for the best setups, execute your trades, then PULL PROFITS/EXITS as quickly as you can. You should be able to trade only 2 to 3 times a day and do very well - if you don't get trapped in trying to WISH a trade into profits. Remember, trading is unlike anything else you've ever tried. The more time you try to WISH something to happen, the more likely you are taking on excessive risks. I'm working on new tools to help all of you develop better skills. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
Gold can little correct and then grow to 2720 resistance levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time traded near the resistance level in the seller zone, and later price rebounded and started to grow. In a short time price rose to 2790 points and then turned around and started to decline inside the downward triangle. In this pattern, the price first broke the 2720 level and then declined to the support level, which coincided with the buyer zone, after which broke this level too. Next, Gold declined to support line of the triangle, after which at once made impulse up, breaking the 2625 level one more time. Then it made a retest and continued to grow to the resistance line of the triangle, and when Gold reached this line it at once dropped to the 2625 support level. Price some time traded near this level, after which fell to the buyer zone and then started to grow. In a short time, the price rose to a resistance level, exiting from the triangle, but recently it turned around and made correction. So, now, I think that Gold can decline to support line of the triangle and then rebound up to the 2720 resistance level. That's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
GOLD - Price can correct and then continue to grow in channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level. Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area. But then, price corrected to support level, after which some time traded near it and then continued to grow. In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down. Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more. After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
4
GOLD Speculative Sell - Correction AnticipationDon't forget to check my previous analysis. Afer gold edges up to 2,05% since break out from wide sideways range, finally it's close to resistance area in 2719-2722. Technically, i see classical resistance which it's a LH from D1 chart. It's a invalid seller to hold short position for a longer time. Seller must be exit from market if this level broke up. I also see fibonacci 1.618 in 2719-2722 and we know it's a strong fibbo level that can cause a correction movement. If this area become a strong resistance i anticipate to take a short position and use 2695-2705 as a profit target. Disclaimer ON! DYOR and always put your SL level to prevent bigger risk to your account. Thankyou
SAXO:XAUUSDShort
by vicariuzchrist
ETH/USDT : $4090 Reached, What's Next? (READ THE CAPTION)By analyzing the #Ethereum chart on the weekly timeframe (logarithmic), we observe that, as we expected, the price has increased by 74%, starting from the $2,300 range and hitting all the targets of $2,820, $3,079, $3,700, and $4,090! Note that the price experienced a correction exactly after reaching the $4,090 target and is currently trading around $3,800! Ethereum's mid-term targets are $4,600, $5,700, and $7,400, respectively! This analysis will be updated if we receive enough support from you! 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 THE LAST ANALYSIS :
Long
by ArmanShabanTrading
11
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue? Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try Resistance levels: 2675, 2682, 2699 Support levels: 2658, 2636 From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high Regards R. Linda!
FX:XAUUSDShort
by RLinda
1
GOLD / Consolidation and Breakout Levels Movement Gold Technical Analysis The price has dropped and stabilized within the bearish trend. Today, it is likely to attempt to reach 2665. A confirmed 4-hour candle close below this level could lead to a decline toward 2653. Alternatively, stability above 2665 may push the price toward 2678. Gold is expected to consolidate between 2665 and 2678 until a breakout occurs. A breakout above 2678 will signal a bullish trend toward 2692. A breakout below 2665 will indicate a bearish trend targeting 2653 and 2625. Above 2678 will be bullish to 2692, and Below 2665 will touch 2653 and 2625 Key Levels: Pivot Point: 2678 Resistance Levels: 2691, 2706, 2720 Support Levels: 2665, 2653, 2625 Trend Outlook: Bearish Volatile
OANDA:XAUUSDShort
by SroshMayi
Could the price bounce from here?The Gold (XAU/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance. Pivot: 2,657.81 1st Support: 2,627.26 1st Resistance: 2,713.51 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
2