GOLD ROUTE MAP UPDATEHey Everyone,
A fantastic finish to the week after completing our full swing range twice on our 1h chart. We finish off the week with an update on the 4h chart we shared last Sunday.
We started the week with bearish gap completed below at 2694, with ema5 cross and lock opening 2654, which was also hit and then followed with another lock below 2654 opening 2611 to complete the retracement range.
- This was completed perfectly with no further lock below 2611, confirming the rejection and giving our weighted level bounce exactly like we always state on our analysis.
The beauty of our strategy allows us to trade buys with the Bull and when bearish like this week; we are able to use our weighted levels to buy dips from the bounces, perfectly inline with our plans to buy dips.
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
Metals
Gold will Go UP at least to PRZ!!!Gold ( OANDA:XAUUSD ) started to rise again after the conflict started in Syria as if the Middle East does not want to be calm (unfortunately). Every day is a new story.
Gold started to rise again from the Support zone($2,644-$2,624) after the high point and is moving in an ascending channel .
According to the Elliott wave theory , Gold seems to have succeeded in completing microwave 4 , and we should wait for it to rise again .
I expect Gold to rise at least to the upper line of the Ascending Channel and Potential Reversal Zone(PRZ)($2,675-$2,668) .
⚠️Note: We can expect more dumps if gold touches $2,647.⚠️
🔔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.
XAUUSD:29/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2634
Four-hour resistance 2688, support below 2647
Gold breaks upwards, gold starts to strengthen, we continue to go long. Buy gold directly near 2650 in the NY market!
Gold breaks through the convergent triangle pattern in the Asian session, and gold finally chooses to break upwards. Gold bulls exert their strength, and the gold 1-hour moving average also diverges upwards. Continue to go long when gold falls back.
Gold will go Down by Bearish Flag Pattern!!!GDP , Unemployment Claims , and Core PCE data were announced almost as expected .
If the Unemployment Claims, GDP, and Core PCE data are released in line with expectations, their impact on the markets is usually limited because:
1-Priced-In Effect :
Markets tend to adjust their pricing ahead of time based on forecasts. As a result, data matching expectations typically does not provoke major market reactions unless there are surprises in other economic indicators.
2-Market Stability :
When key indicators align with predictions, investors often maintain their current strategies, leading to reduced volatility unless new risks or external shocks emerge.
3-Monetary Policy Implications :
Data in line with expectations generally confirms the prevailing outlook for monetary policy. For example:
But today's important news was the signing of the ceasefire between Lebanon and Israel , which can reduce tensions in the Middle East and be a factor in preventing Gold from rising again .
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Gold ( OANDA:XAUUSD ) is moving in the Support zone($2,644-$2,625) .
From the point of view of Classical Technical Analysis , it seems that Gold has succeeded in forming a Bearish Flag Pattern , we can confirm this pattern by breaking the lower line of the ascending channel .
According to the Elliott wave theory , Gold has succeeded in completing the main wave 4 , and we should wait for main wave 5 .
Based on the explanation above, I expect Gold to continue to decline to at least the Support zone($2,605-$2,584) .
🔔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.
Continue to hold long gold positionsBros, as I said in my last article, since gold has chosen to break upward after the shock, there will not be much retracement in a short period of time. Although gold has encountered resistance and fallen back near the 2665 position many times in the short term, as long as it does not fall below the 2660-2655 area during the decline, then gold must have room to rise.
For this round of gold rise, I think gold is likely to try to touch the 2680 area. So we can hold the long positions we currently hold with confidence and wait for the profit to expand!
Bros, are you following me to go long on gold? 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!
Silver 4hr Timeframe Silver has risen by 3.90% in just over a day. I anticipate a reaction around the 30.7399–30.8383 zone due to multiple confluences, including a reversal point, a 4-hour order block, the 0.618 Fibonacci level, an ascending trendline from November 13th, and structural factors. This area presents a potential sell opportunity, with a target drop to the 30.2753 level.
Meanwhile, gold is approaching my area of interest, which appears to be another promising sell setup. If both gold and silver align as sell opportunities, it’s a strong indication of market synchronization, increasing the likelihood of this scenario playing out.
Dollar Index Basket
Is now reacting off my area of interest I expect double tap to then move higher
Gold 1hr
my area of interest for gold 2669.412 -2673.545
Silver, bullish or bearish? Greetings, traders! Welcome to this Silver (XAGUSD) market analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
If you like the breakdown, boost the idea and follow to receive more ideas.
Trade safely
PLATINUM Huge buy opportunity at the bottom of the Channel Up.Platinum (XPTUSD) has been trading within a Channel Up for almost 1.5 year and currently it is testing the pattern's bottom. This process is similar to the Lower Lows bottom sequence of February 12 2024.
As you can see, even the 1D MACD fractals are the same and we are about to post the decisive Bullish Cross that signals the buy. As long as the price remains below the 1D MA50 (blue trend-line), it is a huge long-term buy opportunity.
The previous Bullish Leg hit the 1.236 Fibonacci extension within the Channel Up and peaked above it on the 1.5 Fib ext. As a result, our technical Target is on the modest 1.236 Fib at 1090.
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GOLD → Interest in metal is growingFX:XAUUSD on the background of support from the dollar correction updates local maximums and aspires to the liquidity zone. Reduced liquidity due to the holiday weekend in the West also plays its role on the markets
Gold holds within the boundaries of the local ascending channel on the background of restrained dynamics of the US dollar, mainly due to the data on inflation... Dovish sentiment regarding further Fed policy actions continues to support the gold price, which is not a subject of interest.
There is growing interest in gold as a hedge asset on the back of the exalized conflict in Syria, as well as in Eastern Europe.
Technically, the emphasis is on the channel borders, as well as on the resistance of 2677 and 2690. A sharp approach of the price to these zones may provoke a pullback.
Resistance levels: 2667, 2677, 2690
Support levels: 2660, 2654
If the bears hold 2660, the gold may correct to the channel support. But at the moment the price is heading towards the resistance. Keep an eye on these levels!
Regards R. Linda!
XAGUSD - Silver will stabilize above $30?!Silver is located between EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term ascending channel. If the decline continues, we can see the demand zones and buy within that zones with the appropriate risk reward.
The first range is suitable for short-term transactions and the second range is suitable for medium-term transactions.
Peter Krauth, author of The Great Silver Bull and publisher of SilverStockInvestor, has stated that silver could achieve substantial gains during a rate-cutting cycle, with advancements in artificial intelligence potentially emerging as a new driver of demand. Krauth examined the silver market and investment opportunities for 2025, highlighting the significant impact of Federal Reserve rate cuts on silver prices, a point supported by historical data.
He explained, “In the last three rate-cutting cycles, if you look at silver prices from trough to peak, silver has, on average, risen by 332%.” Krauth added, “This process might take about one to two years, but it still offers remarkable returns, doesn’t it? You can review the data—this is how silver has historically performed.”
He further noted that if the U.S. economy enters a recession—an outcome many analysts forecast for the first half of 2025—silver could deliver outstanding performance.
Meanwhile, Donald Trump, the U.S. President-elect, has outlined extensive plans to reshape the nation’s energy policies. According to news sources, Trump intends to request funding from Congress to replenish the Strategic Petroleum Reserve. His transition team is preparing a comprehensive energy policy agenda to be implemented shortly after he assumes office.
Trump also aims to repeal President Biden’s clean energy initiatives and prioritize natural gas. He may condition U.S. financial support for the International Energy Agency (IEA) on its refocusing towards oil and gas while countering its emphasis on green energy.
At the same time, analysts at Deutsche Bank have expressed concerns that the Federal Reserve might cancel its anticipated December rate cut. These concerns stem from stronger-than-expected economic resilience, a stable labor market, and persistent inflation above 2.5%.
Although the analysts still forecast a rate cut in December, the risk of a delay has increased. They predict that the federal funds rate will reach 4.375% by the end of 2025, exceeding the estimated neutral range. This suggests that the Fed may maintain higher rates for an extended period.
Furthermore, Deutsche Bank expects the Federal Reserve to lower rates to a neutral range of 3.75-4.00% in 2026 and 2027, as the impact of tariffs is likely to gradually reduce private domestic demand, creating room for more rate cuts in the long term.
GOLD Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 2632.0
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2663.4
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
SILVER Massive Long! BUY!
My dear friends,
Please, find my technical outlook for SILVER below:
The instrument tests an important psychological level 30.151
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 30.562
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
eurusd h4 long/short +220/+300 pips swing trade plan🔸Hello traders, let's review the 4hour chart for EURUSD today.
All previous setups hit TP, +600 pips original short and recently
another short from resistance TP hit +240 pips.
feel free to recap via links below:
🔸Currently after hitting 0500 EURUSD remains weak / vulnerable
to further downside. I'm not expecting any bounce from current
levels and also can't recommend any new entries, right now this
is a no trade zone for me.
🔸Bears will target re-test of key s/r zone at 0380, this is also
the highest probability zone for a bounce in EURUSD.
Resistance overhead set at 0600, so this is a +220 pips trade setup
based on the bounce off the key s/r zone.
🔸Recommended strategy for EURUSD traders:no trade recommended
at current price, however bulls should enter BUY/HOLD at/near 0380
SL 40 pips TP1 +120 TP2 +220 final exit at 0600. Bears should wait
for the bounce to complete and short from overhead resistance at
0600 TP1 +150 pips TP2 +300 pips final exit at 0300. SL 40 pips.
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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.
Falling towards the 50% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could bounce to the 1st resistance level that lines up with the 161.8% Fibonacci extension.
Pivot: 2,648.80
1st Support: 2,622.49
1st Resistance: 2,685.35
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.
Geopolitical risks pushed GOLD to increase rapidly in the short In the early trading session on Asian markets on Friday (November 29), OANDA:XAUUSD Spot rose suddenly and rapidly from the intraday low of $2,633 and headed into a key technical position for technical downside expectations. Impacted by escalating tensions in Ukraine.
Russia launches joint attack, Putin "speaks tough"
While Israel and Lebanon have reached a 60-day ceasefire agreement, this will essentially create pressure on gold as market risks become less. However, the escalation in the Russia-Ukraine conflict may continue to keep gold prices stable above 2,600 USD/ounce in the near future.
The latest Reuters report on Friday said that Russian President Vladimir Putin on Thursday local time said Russia could use the new "Hazel" hypersonic missile to attack Kiev in response to Ukraine's missile launch. Western fire penetrated deep into Russian territory.
So far in the 33-month war, Russia has not yet attacked Ukrainian ministries, government agencies, parliament or the presidential office.
Putin said on Thursday that Russia's large-scale attack on Ukraine was a "response" to Ukraine's use of Western missile systems to attack Russian territory.
Earlier in the day, Ukraine reported that energy facilities across Ukraine were being attacked by Russian armed forces.
Ukraine's Air Force said Thursday that Russia launched a joint attack on Ukraine using missiles and drones starting early that morning. Most regions in Western Ukraine are under attack, especially Ternopil, Lviv, Lutsk, Vinnitsa, Khmelnytsky and others.
Ukrainian President Zelensky said on the social platform on Thursday that he had a conversation with the Air Force commander, the Minister of Internal Affairs and the Minister of Energy that day about the Russian attack. Mr. Zelensky said that the target of Russia's attack this time is Ukraine's energy infrastructure. Russia launched about 100 attack drones and more than 90 missiles of all types.
In the current market context, traders need to pay attention to geopolitical conflicts, their escalation or reduction will have a sudden impact on gold in the short term.
Analysis of technical prospects for OANDA:XAUUSD
Gold recovered from the 0.618% Fibonacci retracement level but is temporarily limited by the 0.50% Fibonacci retracement level and the EMA21 moving average.
In the short term, Gold can still decrease in price as long as it has not broken the medium-term trend price channel. In the immediate future, gold does not have enough conditions to increase in price in the short term, but a drop below the 0.618% Fibonacci retracement level will cause gold to fall further with the goal of reaching the original price point of 2,600 USD.
However, geopolitical risks are dominating the market, so any purely technical structure could be broken quite easily during this time. The $2,693 level will be the next target in case the 0.50% Fibonacci level is broken above.
The market is very volatile in the short term, so long-term open positions will be less effective, and notable technical levels for the medium-term bearish outlook from the price channel on the daily chart will be seen. noticed again as follows.
Support: 2,644 – 2,634USD
Resistance: 2,663 – 2,693USD
SELL XAUUSD PRICE 2686 - 2684⚡️
↠↠ Stoploss 2690
→Take Profit 1 2679
↨
→Take Profit 2 2674
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
↨
→Take Profit 2 2591
Gold hard to TA, but Silver save the day, got 5 bullish targetsGold hard to TA, but Silver save the day, got 5 bullish targets
Biden attack to Russia change the trend for now, bearish signal maybe later when Trump become president. The presidential inauguration is always held on Jan 20, so after Trump inauguration maybe bearish signal again