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GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 09 - Dec 13]Last week, international OANDA:XAUUSD almost went sideways in a range from 2,613 - 2,657 USD/oz. The US economy created 227,000 jobs in November, slightly surpassing economists' forecasts. At the same time, wages increased faster than expected. However, the unemployment rate increased again to 4.2%. However, these data show that the US labor market has been tending to recover, creating momentum for the FED to consider delaying interest rate cuts in the context of higher inflation, especially is when Mr. Trump is about to take office as President of the United States. Thus, there may not be much room for gold prices to increase because the FED cuts interest rates. Therefore, gold prices will need additional catalysts from geopolitical factors, central banks increasing gold purchases, etc. Short-term gold prices in general and next week's gold prices in particular will still be in a state of tension between concerns about escalating geopolitical tensions and Mr. Trump's strong tariff measures, causing US Treasury bond yields to increase. , creating strength for the USD and limiting the rise in gold prices. 📌Technically, on the H4 chart, we can see that the moving average ema89 is moving sideways, the gold price continues to accumulate sideways in a narrow range. Accordingly, the resistance level to pay attention to is around the 2720 mark, the support level to pay attention to is around the 2535 mark. Gold prices will create a clear trend when breaking through these two resistance levels. Notable technical levels are listed below. Support: 2,600 – 2,606USD Resistance: 2,663 – 2,644USD SELL XAUUSD PRICE 2721 - 2719⚡️ ↠↠ Stoploss 2725 BUY XAUUSD PRICE 2534 - 2536⚡️ ↠↠ Stoploss 2530
OANDA:XAUUSD
by Xayah_trading
GOLD SHOWING WEAKNESS, MAY LIKELY BE A SELL...A gold bullish rally into the highlighted area followed by another rejection will likely see gold declining towards 2500 in coming days. However, a close above 2720 will indicate gold's readiness to continue its bullish run. N.B! - XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gold #xauusd
OANDA:XAUUSDShort
by BullBearMkt
Potential bearish drop?The Gold (XAU/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 2,666.69 1st Support: 2,529.22 1st Support: 2,529.22 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:XAUUSDShort
by ICmarkets
1
What about DXY?I haven't updated my DXY analysis for a while. So let's dust it off. The last update was in September when the atmosphere was changing in a way that we couldn't predict the US Election clearly and for a short period, the market thought the results wouldn't be as it is today. That was why I was a bit bearish on DXY. By getting closer to Election Day the clouds were going away and it got easier for the market to see the outcome. So, it strengthened the dollar while weakening the Gold as we expected the geopolitical tensions to cool off. What's next? For now, I see the 10-year bond yield can show a bit more weakness to come just below 3.99%. Then after that, we should update our analysis and see what comes next. But I think ~4% is low for now and after that, I like to see a jump back up. In this short-term correction DXY would follow the 10-year bond yield and most probably come into the range of 104 to 105. That's also can be a small driver for Gold to go higher a bit.
TVC:DXYShort
by SamanFx0
Bullish on Gold and Silver Do you remember the previous post? 😉 Gold and silver moved as we expected. They showed some weakness in reaching the "Nice areas..." I highlighted this in the previous chart. So what's next? As I think we will see another rate cut from the US Fed I think that would be a decent driver for Gold and Silver to get a bit more stronger and don't go lower than the "Nice areas" that I highlighted. For Silver, I see a very good potential for a move higher towards $36 (I hope before February) and for Gold, I think we can expect a bit more strength from buyers to push Gold to $3000 this year on a slow and steady pace. Stay tuned for the next updates . . .
OANDA:XAGUSDLong
by SamanFx0
#202449 - priceactiontds - weekly update - gold futuresGood Evening and I hope you are well. tl;dr gold futures: Boi does this market blow at the moment. Nested triangles on multiple time frames and that’s as neutral as it gets. I doubt bulls can even get it above 2700 again at this point. 2660 is the midpoint for now and the range is big, so either buy low and sell it inside of it or wait for a bigger breakout. Bulls need something above 2750 and bears below 2560. Huge range. A lot of traders that have bought above 2700 are underwater. The longer this stays below it, the less likely it is to get back up there. Quote from last week: comment: Talk about you can’t time the market. Pretty ducking good call that was from the above outlook last week. Higher low, and lower high. Triangle on the daily, very bullish above and very bearish below. Not rocket science to read this. I do think bulls are slightly favored. comment: I won’t waste much time with this market this week. Clear triangle and market is in total balance around 2660. Wait for the breakout or play the range. My best guess would be that we both see 2600 and 2700 in the next 3 weeks. current market cycle: trading range key levels: 2600 - 2700 bull case: Bulls breakout point is 2750 and that is far away. Buying below 2650 has been profitable the past 2 weeks but bulls could not close one single day above the 20ema. Best to wait until we clearly see a winner here. Daily close above 2700 would be a great start for bulls. Invalidation is below 2630. bear case: Bears need to break 2627 for testing 2600 and then it’s the big bull trend line. If they would somehow manage to break even that, last support is 2568 before we go down to 2500. Invalidation is above 2700. outlook last week: short term: S lightly bullish if we stay above 2630. Max bullish above 2750. → Last Sunday we traded 2681 and now we are at 2659. We stayed above 2630 and went nowhere. Meh outlook. short term: Neutral inside given range. medium-long term - Update from 2024-12-07: No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. current swing trade: None chart update: Removed bullish two-legged move up.
COMEX_MINI:MGC1!
by priceactiontds
GOLD consolidated all last week! Will we get a move this week?Waiting for price to break outside of value so that we can get a clear direction. Price did not much move waiting for NFP news for the week. And when the news finally happened it did nothing. So we will sit on our hands until price tells us what it would like to do. I am over all bullish and looking for bullish entries. But I also do not want to stick to firm to my bias so if it drops we will hold off and allow price to tell us what it wants to do.
OANDA:XAUUSDLong
by DWoodz
GOLD Expected Growth! BUY! My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2633.3 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2642.2 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
How High Can BITCOIN go versus GOLD (sorry uncle Peter Schiff)One of the frequent topics of discussion revolves around the legitimacy of this pattern. There’s a widespread misunderstanding about the continuation type of the Head and Shoulders (H&S) pattern. Indeed, it is a valid and dependable chart pattern. Let’s explore this often-recognized chart pattern in more detail. The Head and Shoulders chart pattern can manifest as a continuation on price charts. In an uptrend, a continuation H&S will closely resemble a H&S bottom, while in a downtrend, it will look like an inverse H&S. The implications and interpretations of a continuation H&S are generally consistent with those of reversal patterns. Price targets can be established in the same manner as they are for reversal patterns. When a head and shoulders continuation forms during an uptrend, it typically breaks out to new highs once the pattern is completed. Breakouts to all-time highs from bullish continuation patterns are often reliable and robust. Edwards and Magee highlighted the H&S continuation in their book, "Technical Analysis of Stock Trends," back in the 1930s. The pattern remains largely unchanged in today’s price charts.
CRYPTO:BTCUSDLong
by BallaJi
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 2645 and a gap below at 2626. 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 2645 EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET 2661 EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2679 EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 BEARISH TARGETS 2626 EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET 2612 EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE SWING RANGE 2599 - 2584 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
13
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 price lay between two weighted levels with a gap above at 2648 and a gap below at 2629, as weighted Goldturns and 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 2648 EMA5 CROSS AND LOCK ABOVE 2648 WILL OPEN THE FOLLOWING BULLISH TARGET 2675 EMA5 CROSS AND LOCK ABOVE 2675 WILL OPEN THE FOLLOWING BULLISH TARGET 2701 EMA5 CROSS AND LOCK ABOVE 2701 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET 2749 BEARISH TARGETS 2629 EMA5 CROSS AND LOCK BELOW 2729 WILL OPEN THE FOLLOWING BEARISH TARGET 2604 EMA5 CROSS AND LOCK BELOW 2604 WILL OPEN THE SWING RANGE SWING RANGE 2583 - 2561 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
2
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed. As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels. The channel top is continuing to provide support like we stated last week, although we saw candle body close below the channel 2 weeks ago, there was no ema5 break into the channel confirming the support and rejection, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. As long as we see no lock below into the channel, we cane safely continue with our plans to buy dips in this range. We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future. 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, This is the monthly chart idea for our long term/range analysis, which we shared last update in November. Previously after completing the bull targets, we were left with a big detachment to ema5. This was hit and completed for the correction, as highlighted by the circle on the chart, which also gave the bounce, allowing us to buy dips inline with our plans. 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 area above 2689 is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas. However, we will keep in mind the channel top that may require a support test. We will continue use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap 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
5
HelenP. I Gold can fall to support level and then start to growHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price rose to the resistance level, which coincided with the resistance zone and soon broke it. After this, the price some time traded near the 2720 level and later rebounded up to the trend line. Then Gold turned around and started to decline inside the triangle, where it in a short time declined below the 2720 level, and broke it one more time. Then XAU declined a little more, after which rose a little and then continued to decline to the support level, which coincided with the support level. When the price fell to this level, it broke it and fell to 2536 points, but at once turned around and made impulse up, breaking the support level one more time. After this, the price rose to the trend line, then at once dropped back and some time traded near this level. At the moment, the price continues to trades near this level, and in my mind, XAUUSD will decline to the support level and then start to grow to the trend line, Therefore I set my goal at 2670 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
3
Gold can exit from pennant and rise to 2700 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the support line and later dropped to the resistance level, which coincided with the seller zone. After this, the price made impulse down to the support line, breaking the 2720 level, and then tried to grow, but failed and continued to decline next. Then Gold reached the support level, which coincided with the buyer zone, and broke it too, after which Gold dropped to the support line. Next, the price turned around and started to grow inside the upward pennant, where it soon reached the 2615 level and even broke it one more time. After this, XAU continued to grow until it reached the resistance level, which coincided with the resistance line of the pennant, and then turned around and made a correction movement. Price fell to the support level, some time traded near this level, and then rose to the resistance line of the pennant, but later it rebounded and fell back to the 2615 support level. Recently it started to grow and at the moment I think that the price can correct to support line and then rebound up, thereby exiting from the pennant pattern. Next, Gold will continue to grow, so, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
13
GOLD (XAUUSD): Deep Consolidation & Your Trading Plan Gold is trading in sideways range for more than 2 trading weeks already. The recent high impact fundamental releases, did not manage to violate its weakness. Next week, pay attention to the reaction of the price to the support and resistance of the underlined range. If the price breaks and closes below 2605, it will open a potential for a further bearish continuation to 2565. Bullish breakout of the resistance of the range and a daily candle close above 2666 will confirm the strength of the buyers. The up movement will be expected at least to 2715. The absence of strong fundamental triggers will continue the consolidation. Alternatively, you can trade the market within the range, buying from its support and selling from its resistance. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
PLATINUM Weekly Forecast: Bearish! Look for SHORTS!Keep an eye on this one, as it makes its way down to 911.7. I'm looking for the highlighted lows to be swept this week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:PL1!Short
by RT_Money
13