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Metals

Gold retreats from weakness The price of gold is near the downward trend line on the daily chart and has encountered obvious resistance many times, forming a strong suppression zone. The price trend has gradually narrowed to form a symmetrical triangle, which usually indicates that a breakthrough is coming, although the direction is still uncertain, so we need to pay attention to the specific direction of the breakthrough. In the short term, the price has rebounded near the lower track (support line) of the triangle many times, with recent lows of 2539.37 and 2583.61, indicating that the support below is strong. The previous adjustment range (2635-2720) still constitutes pressure, and the current price is below the range. The current price is about 2619.46, slightly below the key resistance of 2635, and is suppressed by the downward trend line. If the 2635 resistance is broken and stabilized, it may test the upper track of the triangle and further explore near 2720. On the contrary, if it falls below the 2580 support line, gold may continue its downward trend and test lower levels. Trading strategy: It is recommended to wait for the breakthrough signal of the triangle pattern. In the short term, we can pay attention to the rebound pressure in the 2625-2630 area. If it weakens, we can consider placing short orders. In short, the gold market is at a critical decision point, and we need to pay close attention to the price trend and market sentiment changes in the next few trading days. If you have different opinions, please leave a message to share. If the analysis helps your trading, please like it to support it.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
1
SPY/QQQ Plan Your Trade For 12-23: BreakAway PatternToday's pattern is a Break Away pattern. I'm not expecting much to happen just before Christmas, but this is when surprises may happen. If you have not already protected your capital - now is the time to do it (almost too late at this point). You should be prepared for anything that happens and move into a position of safety related to the holidays. Remember, the markets will always be here. Get through the holidays and get busy trying to enjoy your life. I suspect the markets will stay very flat over the next 3 to 5+ days. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
2
Gold Analysis: Key Levels for Reversal (Dec 23, 2024)Hello, this is Greedy All-Day. Today, we will analyze the Gold chart. Daily Chart Analysis Gold has shown a steady upward trend since 2017, forming consistent frames and rising in a stepwise manner. However, even within this long-term uptrend, the potential for both corrections and rebounds exists, which requires careful monitoring and strategic responses. Currently, in the red box zone, we observe the following: The moving averages have not yet formed a death cross, but Gold is facing resistance below both the 20-day and 60-day moving averages on the daily chart. Additionally, the Ichimoku Cloud is acting as resistance, which is unusual compared to its usual supportive role. The last time the Ichimoku Cloud acted as resistance was back in February 2024, making this resistance the first in nearly 10 months. The key support level to watch is 2596.7, which served as last week’s support. However, the possibility of a bearish scenario seems higher for the following reason: The Lagging Span (Chikou Span), currently within the green box zone, is at risk of breaking below the candlesticks. Unless a strong rebound occurs this week, the Lagging Span may pierce through the candles, leading to additional resistance and increasing the likelihood of Gold breaking below 2596.7. If 2596.7 is breached, the next support level is 2541.5. While the lower limit of the bearish frame remains uncertain, the orange box zone represents the next key area to monitor. Depending on the strength of the selling pressure, Gold could potentially test the upper boundary of the orange box. Short-Term Rebound Levels Where can we expect a short-term rebound? The key level to watch is the 2656.2 breakout. After a strong bearish candlestick appeared, Gold established a short-term frame between 2656.2 and 2596.7 on the 1-hour chart. While some rebound attempts followed, Gold has failed to break above the previous high from before the bearish candle appeared. As a result, it remains outside the orange box frame. A breakout above 2656.2 would signify entry into the lower part of the orange box frame, potentially leading to a temporary rebound. For a complete trend reversal, Gold must break above the green box zone, which represents the long-term downtrend line. Conclusion Gold has shown consistent upward trends over the years, but no market can sustain perpetual growth without facing corrections. The current technical indicators suggest a strong possibility of a downward adjustment in the short term. While a temporary rebound could occur above the 2656.2 level, a failure to maintain key support at 2596.7 may lead to further declines toward 2541.5 or even the lower bounds of the orange zone. As always, markets move in cycles. It is important to adapt to changing dynamics and remain prepared for both bullish and bearish scenarios. Patience and discipline are key—profitable opportunities always arise for those who wait for the right moment. If this analysis has been helpful, please like, follow, and share your thoughts in the comments!
COMEX:GC1!
by Greedy_allday
XAUUSD Accumulation almost over. Strong rally expected to $3000.XAUUSD (Gold) is having the market worried lately as it hasn't made a new High since October 30. Instead it has been consolidating since the November 14 Low and even broke below the 1D MA100 (green trend-line) last week. This is far from alarming though, as the long-term pattern remains a Channel Up since the October 06 2023 bottom and in fact the current level presents a strong long-term buy opportunity as a Higher Low formation of the pattern. As you can see, each of the 3 Bullish Legs of the Channel Up have rallied by around +20% but first they consolidated after first breaking below the 1D MA50 (blue trend-line) for 1 month. Even the RSI sequences between their fractals are identical. As a result, we believe that Gold may start the new Bullish Leg (4th) as early as late this week or next one and rally by at least +18.65% (rise of Bullish Leg 1), targeting $3000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
XAUUSD - Gold will welcome the holidays?!Gold is located between EMA200 and EMA50 in the 1-hour time frame and is trading in its short-term ascending channel. In case of a valid failure of the bottom of the channel, we can see the continuation of gold's decline and seeing the demand zone. Within the demand range of demand, we can buy with a suitable risk reward. If the upward movement continues, gold can be sold in the supply zone. Without a doubt, 2024 has been the year of the US dollar. While high inflation continued to spread across Europe and other parts of the world in 2023, the Federal Reserve reported progress in controlling price growth. Similar to last year, other central banks have been more proactive in reducing interest rates, but the slow pace of inflation containment has delayed the Federal Reserve’s rate-cutting process. Federal Reserve officials now anticipate only two 0.25% interest rate cuts in 2025. As a result, it is expected that the Federal Reserve will maintain a tighter monetary stance compared to other major central banks, except for the Bank of Japan, which is currently increasing its interest rates. This decision follows previous rate cuts implemented earlier this year, including a 50-basis-point reduction in September and a 25-basis-point cut in November. Overall, these measures have resulted in a full 1% decrease in the benchmark rate, signaling a shift in the Federal Reserve’s approach to the current economic environment. By lowering interest rates, the Federal Reserve aims to stimulate consumption while continuing to monitor inflationary pressures. Although these pressures have generally subsided, they have slightly risen in recent months. Nonetheless, the decision to reduce rates could benefit borrowers by lowering consumer interest rates, making it more affordable to buy homes, secure personal loans, or borrow funds in other areas. However, the implications extend beyond lending. Adjustments to the Federal Reserve’s interest rates could create a complex environment for investors, particularly those drawn to traditional safe-haven assets like gold. Historically, the relationship between interest rates and gold prices has been inversely proportional. Lower rates typically increase gold valuations, as the reduced cost of holding non-yielding assets like gold makes it more appealing, thereby driving up demand and prices. However, it is crucial to understand that the impact of interest rate decisions on gold prices operates within a broader network of interconnected factors beyond monetary policy. For investors considering adding gold to their portfolios, understanding this broader context is essential. In addition to Federal Reserve policies, one key driver of the gold market is central bank purchases, particularly by emerging economies seeking to diversify their reserves. These purchases have recently reached historic levels, providing substantial support for gold prices. Global trade tensions, supply chain disruptions, and evolving industrial demand—especially from technology and renewable energy sectors—also add layers of complexity to the gold market. In the first quarter of this year, India’s central bank recorded a net purchase of 77 tons of gold, followed by Turkey’s central bank with 72 tons, increasing the share of gold in its foreign reserves to 34%. Poland, with a purchase of 69 tons, was the third-largest buyer, while China, traditionally the largest gold buyer in recent years, ranked fourth with less than 30 tons. BlackRock, the world’s largest asset manager, has predicted in its 2025 global outlook report that the coming year will be marked by increased geopolitical fragmentation and the formation of rival economic and political blocs. These developments are likely to accelerate the trend of de-dollarization and bolster gold purchases. Moreover, the strength of the US dollar continues to play a crucial role in gold pricing. However, factors such as relative economic growth rates, trade balances, and international capital flows can overshadow this influence.For instance, the dollar may strengthen if major economies face significant challenges or if investors seek safe-haven currencies during market turmoil—even in a rate-cut environment. Inflation expectations also strongly influence the gold market. While moderate inflation typically supports gold as a store of value, extreme inflation may shift investment patterns, potentially reducing demand if other assets offer higher returns. Changes in consumer demand, particularly from major gold-buying countries, can also impact prices. Additionally, seasonal trends, such as increased gold purchases during festivals or weddings in these countries, may contribute to price fluctuations. Finally, US President Joe Biden signed a budget bill that will fund the government until mid-March next year, preventing a year-end shutdown. This legislation, recently approved by both the House of Representatives and the Senate, ensures government operations continue until the beginning of Donald Trump’s presidency next year.
FOREXCOM:XAUUSDLong
by Ali_PSND
Gold is Ready to Break Resistance lines!!!Gold attacked a Heavy Support zone($2,605-$2,584) yesterday, as I expected . Gold is starting to rise from the Heavy Support zone($2,605-$2,584) and breaking the First Resistance lines . According to the theory of Elliott waves , Gold managed to complete wave 5 so that wave 5 was Truncated . I expect Gold to attack the Downtrend line and the Resistance zone($2,642-$2,620) after breaking the First resistance lines . ⚠️Note: If Gold goes below $2,600, we should expect more Dumps⚠️. 🔔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.
OANDA:XAUUSDLong
by pejman_zwin
17
GOLD → Correction before further declineFX:XAUUSD is testing the zones of interest within the counter-trend correction after it managed to break a rather strong level earlier. The fundamental background is not very good, there is bearish pressure on the market. The negative impact on gold is built around the hawkish stance of the Fed (inflation, Trump's future policy and the economic data of the last two weeks). The cycle of interest rate cuts may slow to 2 rate cuts for 2025. Friday's correction is mainly due to PCE data, but I don't think it will change the global picture. Towards the end of the year, it is logical to reduce liquidity in the markets, which could increase mispriced volatility in the market. Be careful! The gold market is still supported by the conflict in the Middle East and Eastern Europe. Technically, price is forming a flag after a strong decline. At the moment the price is inside the pattern and for trading it is worth paying attention to the boundaries of the local channel. Resistance levels: 2620, 2631, 2640 Support levels: 2606, 2560 Emphasis on 2620. If the bears break the level and keep the defense below the level, it can generally increase the pressure, which will provoke the price drop. But I do not rule out an attempt to break the channel resistance and retest 2640-2650 before a further fall. Regards R. Linda!
FX:XAUUSDShort
by RLinda
2
Merrry ChristmaXXauuuTo continue providing you with free value, I need your support. A simple like and follow from you means the world to me and makes a huge difference to my work. 🔥 Happy Monday, everyone! 🔥 🎄The Christmas week is about to begin🎄 I’ll keep posting but will take a break from live sessions. ❤️ I wish you all a 🎄 Merry Christmas 🎄 – spend it with your loved ones and recharge your energy. And remember: don’t throw away all the hard work you’ve done so far! Avoid being influenced by a market that, due to the year-end closure and the holidays, might be unreliable. | GOLD ANALYSIS | Short-term structures for our colleague Gold remain bearish. I’ll stay short from interesting levels. The long-term macro perspective is still bullish, but there are currently no conditions to consider significant re-entries. Potential levels are lower, so the key areas I’ll focus on are as follows: . As usual, we’ll meet live at 2:30 PM. I avoid trading during the Asian and London sessions, preferring to wait for the 2:30 PM news and the New York open. In the meantime, I wish you a great day. We’ll continue sharing analyses and holding live sessions on TradingView. For any questions, doubts, or requests, feel free to comment or message me! I’ll be happy to reply. - HAPPY TRADING - MANAGE YOUR RISK - BE PATIENT
OANDA:XAUUSD
by X_GoldenBoy_X
Copper Set to Rally: Bullish Setup with Massive Upside PotentialCopper is holding firmly at a key support level and poised for a potential breakout. The combination of bullish macroeconomic factors and tightening supply suggests significant upside potential. China’s Growth Push: Chinese leaders are targeting 5% annual growth in 2025, with plans to boost domestic consumption and infrastructure spending, key drivers of copper demand. Robust Demand Drivers: Industries like EVs, power grids, and air conditioning continue to drive structural demand for copper, aligning with the global shift toward electrification and renewable energy. Supply Challenges: Multi-month low inventories in Shanghai warehouses signal tight supply conditions. Peru’s flat output and Chinese smelter profitability issues add further pressure to global supply. With these factors converging, copper prices are primed for a bullish move from current levels. Trade Setup TP1: $4.3498 TP2: $4.6347 TP3: $5.000 Stop Loss: $3.8622 This trade setup offers an excellent risk-to-reward ratio, with tightening supply and robust demand creating a solid foundation for bullish momentum.
PEPPERSTONE:COPPERLong
by ValchevFinance
GOLD:Will the U.S. Dollar Cap Gold Gains?Analyzing Market TrendsGold prices have seen a surge in buying activity as the week begins, aiming to build upon the recovery initiated from a one-month low reached last Thursday. Analyzing the market from a technical perspective, we've observed the price hitting our pending order level. According to the Commitment of Traders (COT) report, retail traders remain bullish while commercial traders have shifted to a bearish stance over the past week. This dynamic suggests that we are anticipating a bearish continuation in gold prices despite ongoing geopolitical tensions, including the prolonged Russia-Ukraine conflict and escalating tensions in the Middle East. Additionally, fears surrounding trade wars continue to create a backdrop that benefits the safe-haven appeal of gold. However, the strength of the U.S. Dollar (USD) presents a contrasting scenario that could further suppress gold prices. Recently, there has been a resurgence in dip-buying within the USD, fueled by the Federal Reserve's hawkish signals and rising U.S. Treasury yields. These factors are likely to impose additional constraints on gold, a non-yielding asset, limiting its upside potential. In summary, while the geopolitical landscape might support gold's appeal, the prevailing strength of the dollar could undermine any significant price increases in the near term. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1
GOLD--> Just one step away from $2700Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices, with the precious metal hitting a low of $2,583 at one point. Currently, gold is trading around $2,623, maintaining a stable position this week. The rebound in gold prices at the end of last week was supported by the weakening USD and a decline in U.S. Treasury yields. This was driven by the latest economic data, which revealed that U.S. inflation is slowing down, easing the pressure on gold prices. Personally, I, Ben, strongly believe that the upward trend for gold will gain more certainty in the coming period. However, gold must break through the current resistance levels to further expand its growth potential. On the other hand, if the price falls below the $2,620 support level, it could drop further to the dynamic support at $2,600. From there, we might expect the upward trend to resume, with potential targets at $2,650 and $2,700 in the foreseeable future. Stay sharp and trade wisely! Yours truly, Bentradegold.
OANDA:XAUUSDLong
by Bentradegold
1
Gold Trend Analysis and StrategiesGold bottomed out and rebounded on Friday, forming a strong breakthrough to test the high point of 2631, and closed above the 2620 mark. The daily line ended the weak and volatile downward structure in the first half of last week. At present, the MA10 daily moving average is suppressed at the 2646 line, and the 5-day moving average is at the 2614 line. The price is running in the middle and lower track of the Bollinger band. The short-term four-hour moving average opened upward and re-stood on the middle track of the Bollinger band. After the intraday rhythm correction, go long at low prices and be bullish! Gold was not strong after the opening of the Asian session. It is too early to say that gold has reversed now. Gold has begun to fluctuate. Gold has not had a unilateral market for the time being. Gold sells high and buys low at the beginning of the week. Pay attention to the resistance of last Friday's high point 2632 on the top of gold. If it cannot break through, then gold will continue to be short under pressure at 2632 in the short term. If it breaks through 2632, gold will pay attention to the resistance near 2650. Pay attention to the support of the 2600 line on the bottom first. If gold does not break 2600, then gold can go long in the short term to see a rebound. First support: 2612, second support: 2600, third support: 2587 First resistance: 2632, second resistance: 2646, third resistance: 2658 Trading strategy: BUY: 2605-2608 SELL: 2632-2635
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y). This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave. It will most likely be followed by its renewal, but we will talk about it when the target is reached. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
7
XAU/USD (Gold) Trendline BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Trendline pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2663 2nd Support – 2689 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
5
GOLD rebound and limited, trading week with ChristmasUS economic data shows inflation is slowing. Supported by the weakening of the TVC:DXY and US Treasury bond interest rates, OANDA:XAUUSD continued to increase on Friday (December 18). However, the Fed's hawkish interest rate outlook caused gold prices to fall 0.9% last week. The Federal Reserve's headline inflation index (PCE) showed price pressures eased last month. According to data released by the US Bureau of Economic Analysis (BEA), the core personal consumption expenditures (PCE) index, excluding food and energy prices, increased by 0.1% over the previous month. in November, slower than the 0.3% increase in October. The increase was slightly lower than economists' expectations of 0.2%. On a yearly basis, core PCE rose 2.8%, matching the increase in October and below Wall Street expectations of 2.9%. Overall PCE increased 2.4% year-over-year, up from 2.3% in October. Earlier this month, the core Consumer Price Index (CPI), which excludes food and gas prices, showed prices rose 3.3% year-on-year in November, marking the fourth straight month of increases. Meanwhile, the core Producer Price Index (PPI), which tracks price changes across companies, showed prices rose 3.4% year-on-year in November. The increase was higher October's 3.1% increase also exceeded economists' expectations of 3.2%. At a press conference following Wednesday's interest rate decision, Fed Chairman Jerome Powell said the final phase of the Fed's response to inflation will be more difficult than initially expected. “We were forecasting inflation at the end of the year, but as we got closer to the end of the year, the forecast was off a little bit,” Powell said. “I would say that's probably the biggest factor, inflation is once again missing expectations.” So far this year, inflation has slowed but remains above the Fed's 2% target, pressured by recent unexpectedly hot monthly "core" price growth data. According to the Fed's latest Summary of Economic Projections (SEP), the Fed expects core inflation to peak at 2.5% next year, up from a forecast of 2.2% in September and falling to 2.0%. 2% in 2026 and 2027 to 2.0%. Higher inflation expectations, coupled with a slower pace of interest rate cuts next year, have weighed on markets. On the other hand, the election of Donald Trump as the next president has added to this uncertainty, with some economists suggesting that the United States could face another surge in inflation if Trump makes his move. True to his campaign promises. Policies proposed by Trump such as imposing high tariffs on imported goods, cutting taxes on businesses and restricting immigration could have an inflationary effect. These policies further complicate the Fed's future interest rate path. Data and events this week The market will also welcome the Christmas holiday this week, traders will focus on important events such as "where to get money to buy gifts for bears, where to go so as not to eat dog food, or open the door." Is it a pan or a greeting, honey,... I don't know but I wish you all a happy Christmas and good health hehe." However, some important economic data will be released. Economic data to watch out for this week Monday: US consumer confidence Tuesday: US sustainable goods, US new home sales Wednesday: Christmas break Thursday: US weekly unemployment claims Analysis of technical prospects for OANDA:XAUUSD Gold recovered from the 0.786% Fibonacci level during the weekend trading session, but the recovery is also limited after testing the target resistance level noted by readers in the previous issue at the confluence of the upper edge. price channel and Fibonacci level 0.618%. Currently, the closing position still supports the possibility of a technical bearish price for gold, with the price channel as the main trend price channel, resistance from Fibonacci 0.618% and pressure at Ema21. On the other hand, the Relative Strength Index is still operating below the 50 level, quite far from the oversold area, which shows that there is still quite a lot of room for price decline ahead. As long as gold remains below EMA21, within price channel, it still has a bearish technical outlook and the notable points are listed below. Support: 2,591 – 2,552 – 2,538USD Resistance: 2,634 – 2,656USD SELL XAUUSD PRICE 2646 - 2644⚡️ ↠↠ Stoploss 2650 →Take Profit 1 2639 ↨ →Take Profit 2 2634 BUY XAUUSD PRICE 2604 - 2606⚡️ ↠↠ Stoploss 2600 →Take Profit 1 2611 ↨ →Take Profit 2 2616
OANDA:XAUUSD
by Xayah_trading
GOLD WAS SUPPORTED LAST LATE 🥇 Gold was supported late last week by the release of Core PCE data from the US showing a slowdown in inflation. This eased concerns that the Fed could keep interest rates higher for a longer period of time, supporting gold prices. However, the upside momentum was limited as the Fed earlier signaled a more cautious stance on rate cuts next year under President Trump. Gold broke above its recent high around 2626 to extend its rally to 2632 late last week, but failed to hold above this level and is now falling.
OANDA:XAUUSD
by TradeAdvisory
Gold price trend analysisGold daily line maintains a short structure, and the continued rise of the US dollar index has a certain negative impact on the gold and silver markets. The daily line closed with a long upper shadow and a small positive, and the short-term chart four-hour roller coaster price continued to move down along the high and low points of the MA10-day moving average, and the price continued to run along the middle and lower tracks of the Bollinger Bands. The hourly chart Bollinger Bands opened downward, and the RSI indicator ran below the middle axis. Today's trading ideas remain unchanged, mainly rebounding high and high, and low-multiple short-term auxiliary. Gold 1-hour moving average is still short-term divergent arrangement, without any signs of turning, and there is still room for gold to go down. Gold did not stand firm at 2600 to close, and continued to sell at highs below 2613 today! First support: 2582, second support: 2572, third support: 2563 First resistance: 2605, second resistance: 2613, third resistance: 2628 Trading strategy: BUY:2583-2585 SELL:2611-2613
OANDA:XAUUSD
by Jun-GoldAnalyst