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Gold-> continue to drop to $ 2600. What will happen?Hello, dear friends, this is Ben! Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations. Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday. Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form. Resistance levels: 2634, 2649, 2663 Support levels: 2618, 2607, 2600 If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
OANDA:XAUUSDShort
by Bentradegold
GOLD → A break of 2600 will make buyers panicFX:XAUUSD is returning to the sell-off phase due to the change of fundamental background. Buyers are unwinding their positions and the price is entering the sell-off zone The main reason for the fall is the ceasefire between Israel and Hezbollah. The first rumors appeared early Monday morning and the market reacted accordingly. Everyone is still waiting for the actual confirmation of the rumors. Also Trump is beginning to hint at increased tariffs on goods from Canada, Mexico and China. Active actions will start in January, after the inauguration of the new US president. But, the risks are still high due to the escalated conflict between Russia and Ukraine. Technically, gold is returning to the channel, marking a strong resistance at 2632 and 2620. (a retest of the zone is possible before a further fall). Resistance levels: 2632, 2620 Support levels: 2605 A price consolidation below 2620 or below 2605 will strengthen the sell-off phase. The fundamental background is weak, which increases the pressure of bears. In the mid-term, I expect the decline to continue after the breakdown of 2605-2600 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
19
GOLD FURTHER SELL OFF?! (UPDATE)After a strong 1,000+ PIPS sell off yesterday, bearish momentum is still holding strong on Gold & keeping prices down. Yesterday's sell off would be considered as Wave 1 of the Bearish correction, which means any minor wave 2 correction we see, this would be your chance to get into sell positions if you haven't already. I will be looking to get into further sell positions for my Gold Fund investors if market structure offers the opportunity. I will NOT be sharing my additional entries on here for free.
OANDA:XAUUSDShort
by BA_Investments
2
Gold may continue to rebound to the 2650-2660 areaBros, after testing the support of the 2605-2600 area, gold rebounded again. The current highest has rebounded to around 2633. Will gold continue to rise? In fact, gold fell from around 2721 yesterday and has now reached a low of around 2605. Although the decline has exceeded $116, it has not effectively destroyed the long structure, so gold still has the possibility of continuing to rebound upward. Judging from the current structure, the short trend of gold has not ended, but before continuing the short trend, gold may still rebound to the 2640-2650 area, or even the 2655-2665 area in the short-term structure, and then continue the short trend. Therefore, if gold retests to the 2620-2610 area, we can consider going long on gold again. Bros, 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!
OANDA:XAUUSDLong
by Trader_Marvin
GOLD - Price can continue to grow inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern. Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level. Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel. Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels. Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise. I think that price can correct to support level again and then continue to grow to $2740 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
Follow the trend and sell on ralliesGold has been jumping up and down with huge fluctuations. Yesterday, gold plummeted because Israel and Lebanon are about to cease fire, and the Trump team gave a time point to resolve the Russian-Ukrainian conflict, so the risk aversion sentiment subsided and traders took profits at high positions, causing gold to plummet by 100 points in a single day. However, the short-term news expectations have been digested. The more chaotic geopolitical pattern still supports the gold price, so the decline is limited. Continue to pay attention to the support near 2600! After gold fell and broke through the Asian session yesterday, our trading ideas began to turn to short. Gold fell sharply at 2680 as expected. Gold is now turning to short. Gold rebounds and continues to be short. Rebounds are opportunities for shorts. Gold is now falling from a high level, and the decline may have just begun. The 1-hour moving average of gold has begun to turn around, and shorts may start to exert their strength. Gold rebounds below 2637 and continues to be short at highs. First support: 2612, second support: 2600, third support: 2589 First resistance: 2630, second resistance: 2640, third resistance: 2655 Trading strategy: BUY: 2604-2606 SELL: 2637-2639
TVC:GOLDShort
by Jun-GoldAnalyst
"Global Gold Trend Analysis: Price Movements and Key Levels" In the 4-hour timeframe, the price of gold, after a corrective downward movement, is attempting to return to an upward trend. The Ichimoku indicator shows that the price has crossed the red cloud and is approaching the support zone at 2612. This support level holds significant importance due to its alignment with the bottom of the cloud and the psychological significance of the number. Additionally, the Bollinger Bands indicate decreasing volatility, with the price nearing the midline, which could signal the start of an upward move. The primary target for this potential bullish movement is the 2718 resistance level, which represents the previous high and acts as a critical resistance. Conclusion: If the 2612 support is maintained and the midline of the Bollinger Bands is broken, the price is expected to move toward 2718. Technical tools such as Ichimoku and Bollinger Bands confirm this scenario. However, a breakdown of the 2612 support could indicate a weakening of the upward trend and increase the likelihood of further downward movement.
FX_IDC:XAUUSDLong
by arongroups
Gold Continues to Fall!!!The announcement of a temporary ceasefire between Israel and Lebanon might lead to short-term downward pressure on Gold prices, as it alleviates immediate concerns about regional instability. However, any escalation in tensions or broader economic impacts could reverse this trend. Gold ( OANDA:XAUUSD ) started to fall after the ascending channel broke with the help of the above news . Gold is trying to break the Support zone($2,644-$2,625) . According to the Elliott wave theory , Gold completed the corrective zigzag pattern , and we must wait for the next falling waves . After breaking the Support zone($2,644-$2,625) , I expect Gold to fall to at least the Next 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.
OANDA:XAUUSDShort
by pejman_zwin
24
SPY/QQQ Plan Your Trade For 11-26 : Inside-BreakawayAs we move closer to the Thanksgiving holiday, I want to remind traders that low liquidity is likely to drive extreme price swings throughout the markets this week and next. Many traders are already "taking a break" from the markets right now - so please trade with CAUTION. Trade smaller positions and don't get trapped in anything you can't handle. The markets will close on Thursday and have a half day on Friday. That means we are going to go about 3.5 days with no trading into early next week. Are you ready for that? If not, get into a position where you can settle in through the holidays and relax. Come back to the markets on Monday/Tuesday next week. I expect the SPY/QQQ to attempt to reject near the recent highs (yesterday) and for Gold and Silver to move into a bullish recovery phase after yesterday's selling pressure. The one thing I would warn trades about today is the potential for a low-liquidity BREAKDOWN in price for the SPY/QQQ as well as Gold & Silver. If there is some financial (US Treasuries) or breakdown event that prompts the markets into some type of Flash Crash - everything will go down. I'm not saying this IS going to happen - but it COULD happen. So, be prepared just in case. Bitcoin is struggling to find any support throughout this downtrend. I suspect the $72-$77k level may be the final support for BTCUSD. Buckle up. We could be in for a wild ride. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
Are we about to see Gold bounce back?After yesterday's big drop off the back of Trump's pick for Treasury Secretary and news of a potential ceasefire between Israel and Lebanon, the gold price reached a low of 2605 before settling in a range between 2615 and 2630. The drop is a little surprising given the Trump pick had been known for several days and it appears that he might help temper the President Elect's plans for levelling tariffs. There are also signs that the proposed ceasefire plan may struggle to get through the Israeli parliament whilst the two nations continue to attack each other. Currently, Gold is finding strong resistance at 2628-33, the 1H did close slightly above in a small sign that we might be about to see further gains. If this happens the the gold price should find a clear ride to the next fib retracement level at 2650 and then 2663. There is some significant economic news due today including the House Price Index, Consumer Confidence and the FOMC minutes. Given there's no clear direction at the moment we could see a shift in sentiment as each piece of news hits the market. For the moment the price looks to be rebounding off yesterday's lows and the weekly chart show's the price movement remaining well within the established long term uptrend.
OANDA:XAUUSD
by dgowty
3
Xauusd | pathways Hey traders ! hope you are doing well -we have been seen the market and our last analysis which were based on educational analysis -So we are observing that market is stuck in the region and the point which we have been highlighted so basically there are 2 scenarios if market cross the 2630 area and candle closing above that structure then we will wait for the 2638.00 point which is seem as our next resistance level Although market is still in bearish circle we have been set on both ways possibilities so lets see what will happened! you guys can direct message us so we can give you our Public Telegram link channel for free
OANDA:XAUUSDShort
by professionaltradersfx
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last analysis on XAUUSD , it has followed the second scenario and dropped down to 2640 and now even lower. With this in mind, we now have again two possible scenarios. We are sitting at two important KL’s (Key Levels) and we will be sitting out until we see a clear break. It might look like a mess, but it’s pretty simple. Scenario 1: BUYS We broke above 2640 . That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) 2660 . Scenario 2: SELLS We broke below 2604 , and are now targeting breaks of 2590 and revisits of 2550 . Personal opition: The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660. KEY NOTES - XAUUSD breaking above 2640 would confirm buys. - XAUUSD failing to break above 2660 would confirm sells. - Breaks below 2604 would result in sells, down to 2590 and 2550. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement. My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal. This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
FX_IDC:XAUUSDLong
by Trade-Insider
Gold Analysis: Navigating the Wild Swings in XAUUSDNot long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips. Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard, while 600–800 pips—or even the occasional 1,000—are no longer rare occurrences. But let’s set aside the preamble and dive straight into what we might expect from gold in the near future. In my analysis yesterday, I suggested that a lower high, relative to the previous all-time high, might be forming. This led to the idea that selling into rallies after the normal correction of the Asian session drop could be a viable strategy, with an initial target around the 2650 level. True to its newfound roller-coaster nature, gold once again surprised us by plunging far deeper than anticipated, hitting a low around the 2605 support zone. As outlined in the previous analysis, the short-term trend has now probably shifted to bearish, and a further decline towards the 2520 support level is not out of the question. Key Levels and Trading Strategy - Sell Rallies: Potential selling opportunities could emerge on rallies near 2640, with a stronger resistance level at 2660 providing an additional entry point. - Interim Support: The 2590 zone could serve as a short-term target, while an extension towards the 2520 level presents an attractive setup for a swing trade. Given the current market conditions and gold’s remarkable volatility, these levels are merely guidelines. In such an environment, adaptability and careful risk management are critical for navigating the market successfully. Keep in mind, anything can happen in these market conditions—stay prepared!
OANDA:XAUUSDShort
by Mihai_Iacob
13
Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves impulse in progress, currently wave 3 completed and we are entering wave 4 pullback / re-accumulation stage right now. 🔸Well defined 5 waves structure, with two re-accumulation zones in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5 and bulls will target 40 USD. 40 USD will cap the upside in precious metals and will result in ABC correction in 2026. 🔸Recommended strategy position traders: BULLS should focus on buying low from the lows of the re-accumulation zone, so the best entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged upside in this trade. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: 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.
OANDA:XAGUSDLong
by ProjectSyndicate
17
XAU/USD (GOLD) → Short-Term Analysis of Gold Spothello guys. Channel Breakdown: Gold has broken below its short-term ascending channel, signaling potential bearish momentum. Key Support Zone: The next critical support is marked near $2,628-$2,630 (highlighted zone), which previously acted as a consolidation area. Bearish Retest: The price may first retest the channel breakdown area around $2,690 before continuing downward. This aligns with typical market behavior in a bearish trend. Continuation Potential: If the price fails to hold the $2,628-$2,630 support, further declines could target lower levels around $2,600 or below.
OANDA:XAUUSDShort
by melikatrader94
9