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.
As stated last week the retracement range is still providing support and we also stated that we had a candle body close above 2629 opening 2686 gap and will also need ema5 lock to further confirm this.
- This gave a nice push up last week with over 200 pips. We now also have the ema5 confirmation for the long range gap above at 2686. As long as the retracement range holds and provides support we will continue to buy dips knowing we have the gap above open.
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
Metals
GOLD 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 for the past few weeks, We had a test within the channel into 2590 axis inline with the retracement range, which gave the perfect reactional support bounce.
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 ema5 break and lock below into the channel, we cane safely continue with our plans to buy dips in this range using the the levels just like the last few weeks reactional bounce above the retracement axis level.
Ema5 is still playing above the channel top and has not broken into the channel providing support above the channel.
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
GOLD → Retest of the level after its breakoutFX:XAUUSD inside the new flat is looking for strong support. The fundamental backdrop is complex and amid high risks, buyers are looking for a safe haven
Fundamentally, the situation is complex, the weakening of gold is influenced only by the hawkish stance of the Fed and the growth of the dollar. But the pressure for further growth is exerted by many other factors: the escalation of the conflict in the Middle East and Eastern Europe. Trump's protectionist policies toward europe, asia. Geopolitical risks in the world.
Technically, the price is testing a strong support area after breaking through resistance.
Below is the key Fibo level of 0.5 - 0.7, which may play the role of the lower boundary from which the bulls will start an aggressive game.
Support levels: 2637, 2630, 2616
Resistance levels: 2649, 2665
In general, I am more inclined for a medium-term decline, but the local situation is quite tense and complicated.
If the bulls hold 2630 - 2640, the gold will continue to rise
If the bulls lose, the price will form a deeper correction with the possibility of further prolongation of the fall.
Regards R. Linda!
GOLD LONG-TERM FORECAST UPDATEMonthly Chart: Gold is forming an internal high and low, indicating a potential reversal.
Weekly Chart: Inside bar formation, waiting for market sweep. Expecting a bullish move after sweep.
Daily Chart: CRT pattern confirmed, targeting lower levels. Our bullish area remains at $2580-
Stay tuned for further updates!
Analysis of gold market trend next week:
After this week's low-test and rebound trend, will gold continue to rise this week, or will it start a second decline? It is estimated that many investors tend to favor an upward trend. It is estimated that many investors are leaning towards an upward trend. After all, the rebound shown by bulls this week is very strong. Coupled with the weekly positive pattern and the temporary stabilization of 2596, it is natural to be bullish. However, I We need to be cautious when we think we are bullish, because the performance of bulls this week is still flawed, mainly in two aspects: First, the bullish rebound failed to test the strong pressure of 2680, and failed to maintain the increase of 2650, which is in line with the gradual downward trend of gold prices since the fall of 2726; second, although the daily line recorded a small negative line with a shadow line , but the closing below 2665 not only reflects the intensity of the suppression, but also maintains the short pattern in the technical form. Therefore, I think the short-term rise is only an adjustment, and the direction should still be judged as short-selling control.
From a technical perspective, the weekly line closed positively for several consecutive days. This week, a small positive line with upper and lower shadows was closed, which basically completed the trend of swallowing negative lines. At the same time, it also drove the short-term moving average to extend upward to form support. In addition, the Bollinger Bands are moving upward as a whole, so it should be conducive to the development of bulls. However, the indicators of each cycle maintain a short-term arrangement, and the MACD indicator double lines show a dead cross downward pattern, with signs of continued downward volume. On the daily line, as gold prices surged higher and fell back on Friday, the current price effectively runs above the short-term moving average and the Bollinger Middle Rail, forming short-term support at 2630 and 2618 respectively. In conjunction with the bullish arrangement of other cyclical indicators, the MACD double line golden cross shape, It should help bulls continue their trend. However, it is worth noting that the current Bollinger Bands are generally downward, so the overall daily line needs to be cautiously bullish.
In terms of 4 hours, this week's rise in gold prices is due to continuous small positives, indicating that the momentum of the bulls is not as strong as imagined. This can be seen from the fact that the current price has returned to running below the short-term moving average again, and due to the stagnation of prices, The short-term moving average is at 2650 Double resistance in the opposite direction is formed, and other cycle indicators turn to the short position. The Bollinger Bands are moving downward as a whole. In addition, the MACD double-line bonding shows signs of death cross again. Therefore, at the 4-hour level, the overall short position can be expected to break through 2630 at any time and increase the downward strength action.
Gold operation strategy:
1. Go long near gold 2633-2635, stop loss 2629, target 2665-2673 line;
Weekly Market Forecast Jan 6, 2025This is an outlook for the week of Jan 6-10th.
In this video, we will analyze the following FX markets:
ES \ S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC |Gold
SiI | Silver
PL | Platinum
HG | Copper
The indices look set to move higher, with the possible exception of the DOW.
The metals will underperform against a strong USD, which remains so in the near term.
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.
XAUUSD Detailed Analysis For the Next WeekXAUUSD refers to the exchange rate between gold (XAU) and the US dollar (USD), representing the price of one ounce of gold in terms of USD. The current price of XAUUSD is 2640, indicating the value of gold against the US dollar at this moment. The target price is set at 3000, meaning the price is expected to rise to this level in the near future. The gain in pips is 500+, suggesting a potential move of 500 pips or more from the current price to the target price. The pattern identified is a Bullish Pennant, a technical chart formation indicating a continuation of an upward trend. A breakout is expected before reaching the target price, which implies that the price needs to break through the upper resistance line of the pennant for the upward movement to continue. This pattern typically signals a consolidation period followed by a sharp move in the direction of the prevailing trend. Traders will watch for confirmation of the breakout before taking action. This analysis suggests a bullish outlook for XAUUSD, with strong potential for further upward movement.
Gold Bullish Run: Targeting $2,900 - Time to Ride the Wave! 📈 Gold Analysis: Bullish Setup
🟢 Current Price: 2,607
🎯 Take Profit 1: 2,635
🎯 Take Profit 2: 2,680
🎯 Take Profit 3: 2,790
🎯 Take Profit 4: 2,900
🔹 Stop Loss: 2,524
📈 Why This Trade?:
Gold continues to trade within a bullish channel, having broken above 2,144 back in March. With higher highs and higher lows consistently forming, the trend remains strong.
The stop loss is positioned below both the 50MA and recent lows at 2,524, allowing for market fluctuations while keeping risk under control.
⚠️ Risk Management Reminder:
Although the bullish trend remains intact, trends can change quickly. Always apply proper risk management and ensure you’re not over-leveraging. A drop below 2,524 would signal a potential shift in the market, invalidating this setup.
Stay tuned for updates! 🚀
GOLD- Levels for Monday 6th- Friday 11th JanuaryHope this benefits you guys. This is not typical S&R or S&D. These levels are based on volume profile and really powerful. NOTE, don't treat these levels as buy and sell points. You will still need to have context behind your trade and use these levels as a reference point. one of the strategy I use is, volume profile along with cumulative delta and footprint. Look for shift in value, delta divergence etc. and when price reaches one of those levels, use footprint for entry. Bottom line is, you have to have context behind your trade. Without context, you are hunting in the dark. Have fun and enjoy
GOLD Will Go Higher From Support! Long!
Please, check our technical outlook for GOLD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 2,639.504.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,649.727 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are targeting the 28.654 level area with our short trade on SILVER which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
Fiat Hunger Games: May the Worst Currency Win! Picture this: Fiat currencies are in a brutal marathon... but instead of crossing the finish line, they're tumbling headfirst into a pit of gold. 💸💥
Gold vs. USD, CAD, AUD, NZD, ZAR, INR —and the results are in: everyone’s losing. Some faster than others. Spoiler alert: AUD and NZD are nose-diving like they’re auditioning for the next Fast & Furious movie. Meanwhile, the USD is barely holding its head above water. 🟢
But here’s the kicker: while your dollars, rupees, and loonies are playing "How Low Can You Go," guess who’s quietly laughing all the way to the vault? Russia and China. 🤫
With 1,684 and 1,811 tons of gold stockpiled, they’re not just buying bars—they’re buying insurance against a crumbling fiat system. 🏦✨
And let’s be real—if the world’s biggest players are hoarding gold like it’s a Black Friday deal... what does that say about your hard-earned cash?
Time to ask yourself: Are you in the right race? Or are you sprinting alongside fiat currencies into the abyss?
Gold doesn’t race to the bottom. It’s the finish line. 🏁 #GoldStandard #FiatCollapse
Gold's Potential Movememt in 2025Here is the detailed technical analysis of OANDA:XAUUSD
1. Key Levels and Chart Structure
- Resistance Zones (red boxes): There is a significant resistance zone highlighted around $2,720–$2,740. This is an area where the price has previously struggled to break through, indicating strong selling pressure or profit-taking.
- Support Zones (green boxes): The key support levels are marked near $2,580–$2,600. This area has been tested multiple times in the past, showing buyers stepping in and defending this zone.
2. Chart Pattern
- Symmetrical Triangle: The white lines outline a symmetrical triangle pattern. This indicates consolidation and a potential breakout, either upwards or downwards, as the price nears the apex of the triangle. Triangles often lead to sharp price movements as traders anticipate a resolution.
3. Potential Scenarios
Scenario 1: Bullish Breakout (green path)
- If the price breaks above the resistance zone near $2,720, we could see a bullish rally.
- The price might retest the breakout level before heading higher towards $2,760–$2,800. This aligns with the continuation of the prevailing uptrend from earlier in the chart.
- A breakout above the symmetrical triangle would signal strong buying momentum, supported by increasing volume during the breakout.
Scenario 2: Bearish Breakdown (red path)
- If the price fails to hold the triangle's lower boundary and the key support zone near $2,580, a bearish breakdown is likely.
- This could lead to a sharp decline, targeting levels around $2,520 and potentially further towards $2,480.
- Such a move could be triggered by strong selling pressure or macroeconomic factors unfavorable to gold, such as a strengthening U.S. dollar or rising bond yields.
4. Volume Analysis
- The volume seems to be decreasing as the price moves within the triangle, which is typical for such consolidation patterns. A significant increase in volume during the breakout or breakdown would confirm the direction of the move.
5. Trading Implications
- For a bullish breakout, traders might consider entering long positions above $2,720 with stops below the triangle and targeting $2,760 or higher.
- For a bearish breakdown, short positions could be initiated below $2,580, with stops above the triangle and targets near $2,520 or lower.
- Risk management is essential, especially in volatile market conditions like this.
This analysis is based purely on the technical chart setup and does not account for any fundamental factors or news events that could influence gold prices. It would be wise to monitor any upcoming economic reports or geopolitical developments that might impact gold's movement.
XAUUSD opportunity for dip buying.Gold is trading inside a Channel Up with the current sequence being the bearish wave.
It is already below the 0.5 Fibonacci level and we expect it to dip at a maximum of 0.786 Fib, which is where the MA200 (1h) is expected to support.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2665 (Resistance 1).
Tips:
1. The RSI (1h) is about to hit the 30.00 oversold limit. This is an additional buy signal.
Please like, follow and comment!!
Caledonia Mining $CMCL - Breaks of Support Lines are a concernI must admit a bit of anxiety, concerning my earlier enthusiasm with regards to the Chart for a favorite Company... Recently, I re-entered a Position in this fine company ... only to watch it continue to break support levels, I've plotted (the Yellow lines). AMEX:CMCL just broke the lowest support line that I could plot (Green line). So, I'll buy it once more at the Pink (ATTENTION!) line; and then, I'm done...
SILVER BEARISH BIAS|SHORT|
✅SILVER made a bullish
Rebound from the support
Level below at 28.77$ just
As I predicted in my previous
Analysis but the price has
Retested a horizontal
Resistance level of 29.90$
So we are locally bearish
Biased and we will be expecting
A local bearish correction
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Gold Roadmap==>Short-term!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,670-$2,653) and near 50_SMA(Daily) and Potential Reversal Zone(PRZ) .
According to the theory of Elliot waves , it seems that Gold has finished the main wave 3 , and we should wait for the main wave 4 and correction .
I expect Gold to rise again after touching the Uptrend lines or after approaching the Support zone($2,639-$2,631) .
⚠️Note: First, Short position, then Long position.
⚠️Note: If Gold breaks the Support zone($2,639-$2,631), we should expect Gold to fall 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 chart patternThis market analysis is relative to the chart pattern and market structure
we expect gold to sink to the 2640's and thereafter, a pullback is expected. The long term analysis of xauusd is bullish as we're on a yearly and monthly retracement.
we should see gold aim for the top trend line, further updates concerning the market would be posted
The Golden Journey: Historic Milestones and a Glimpse into 2025Gold Price Analysis: A Historical Overview and Future Outlook
Gold has always played a crucial role as a safe-haven asset during periods of economic uncertainty. Over the years, its price movements have been shaped by various global events. Let’s take a step-by-step look at the key historical moments and their implications for the future.
[ b]Historical Highlights:-
March 2008: Financial Crisis Escalation
Gold prices surpassed $1,000 per ounce for the first time, driven by the Global Financial Crisis.
Key Factors:
- The collapse of Bear Stearns fueled fears of systemic financial instability.
- Aggressive Federal Reserve rate cuts weakened the U.S. dollar, increasing gold’s appeal.
Impact: Gold surged as a safe-haven asset during one of the most critical financial crises of the modern era.
October 2008: Global Financial Crisis Peak
Gold prices dropped to $681 per ounce initially due to forced liquidation but rebounded later, stabilizing around $730-$800 per ounce.
Key Factors:
- Forced selling to meet margin calls during the crisis.
- Central banks introduced aggressive interventions, including interest rate cuts, to stabilize the economy.
Impact: Despite short-term declines, gold regained its safe-haven status as market uncertainty persisted.
Profits and Losses of New York Stock Exchange Broker-Dealers 2000 to 2008:
Cost of the 2008 Financial Crisis :
August 2011: All-Time High Amid Global Economic Uncertainty
Gold reached a record high of $1,917 per ounce amid the U.S and Eurozone debt crisis and concerns about the U.S. economy.
Key Factors:
- Investors were concerned about the U.S. economy after the S&P downgrade of U.S. credit from AAA to AA+ earlier in August.
- The 2011 U.S. Debt Ceiling Crisis was one of a series of recurrent debates over increasing the total size of the U.S. national debt.
- Safe-haven demand surged as central banks maintained low interest rates.
Impact: This period underscored gold's reliability during global economic turmoil.
November 2015: Multi-Year Low
Gold prices dropped to $1,050 per ounce, the lowest since 2010.
Key Factors:
- Expectations of a Federal Reserve rate hike reduced gold’s appeal.
- Low inflation diminished its role as a hedge.
Impact: The decline highlighted gold’s sensitivity to monetary policy and inflation expectations.
August 2020: Record High During COVID-19
Gold hit an all-time high of $2,075 per ounce, driven by the global economic fallout from the COVID-19 pandemic.
Key Factors:
- Massive monetary and fiscal stimulus from central banks and governments.
- Weak U.S. dollar and negative bond yields boosted demand.
Impact: Gold cemented its status as a hedge against both inflation and economic uncertainty.
September 2022: Aggressive Rate Hikes
Gold dropped to around $1,615 per ounce as the U.S. Federal Reserve aggressively raised interest rates to combat inflation.
Key Factors:
- Rising bond yields and a strong U.S. dollar reduced gold’s appeal.
- Geopolitical Uncertainty.
mpact: This period reflected the inverse relationship between gold and rising interest rates.
October 2024: Record Peak
Gold surged to a new all-time high of $2,790 per ounce due to heightened geopolitical tensions and monetary policy shifts.
Key Factors:
- Ongoing conflicts in the Middle East and Eastern Europe.
- Central banks’ easing policies and inflation fears supported the rally.
Impact: This continued gold’s bullish momentum, driven by its safe-haven demand.
Future Outlook for Gold in 2025
Key Expectations:
1. Bullish Momentum to Continue:
- Gold is likely to remain on an upward trajectory, potentially breaking the $3,000 per ounce barrier.
- Geopolitical uncertainty and inflation concerns will continue to drive demand.
2. Consolidation and Corrections:
- Gold may face short-term corrections, with support levels at $2,600-$2,500, before resuming its bullish trend.
3. Critical Drivers:
- Geopolitical Tensions: Persistent global conflicts will boost gold’s safe-haven appeal.
- Monetary Policy: Central bank decisions, especially from the Federal Reserve, will influence gold prices. A pause or reversal in rate hikes will support bullish momentum.
- Inflation Hedge: Rising inflation expectations will sustain demand for gold as a store of value.
Key Levels to Watch:
- Resistance Levels: $2,800, $3,000, and beyond.
- Support Levels: $2,600, $2,500, and $2,300.
Summary:
Gold has consistently demonstrated its value as a safe-haven asset during periods of economic and geopolitical uncertainty. With its recent surge in October 2024 and the ongoing macroeconomic conditions, the outlook for 2025 suggests further bullish potential. However, investors should be prepared for short-term corrections before the continuation of its long-term upward trend.
Gold's remarkable performance over various timeframes highlights its strength:
- In 2024 alone, gold rose by 27.25%, marking a stellar annual performance.
- Over the past 5 years, gold has gained an impressive 79.25%, showcasing sustained upward momentum.
- Over the past 10 years, gold has soared by 121.00%, reflecting its resilience and importance as a long-term asset.
Disclaimer:
The insights and expectations shared in this analysis are based on my personal experience and deep understanding of the market. While these projections are grounded in my expertise, it is important to exercise caution and perform your own research before making any investment decisions. Remember, the market carries inherent risks, and past performance does not guarantee future results.
Gold Price Eyes 2653 Before Expected DeclineGold Technical Analysis
The price is approaching the resistance level at 2,653. A 4-hour candle closing above this level will confirm further bullish momentum, potentially pushing the price toward 2,665.
Alternatively, if the price stabilizes below 2,653, it is expected to decline to 2,636. A 1-hour candle closing below 2,636 will strengthen a bearish trend, targeting 2,623.
Key Levels:
Pivot Point: 2640
Resistance Levels: 2653, 2665, 2678
Support Levels: 2636, 2623, 2603
Trend Outlook:
Bullish Trend: Above 2,653
Bearish Trend: Below 2,636