!!! GOLD !!! - Gold by FibonacciHi,
The beginning of the week indicates that the price will move within the Fibonacci lines
This is just an idea!
Be careful!
Metals
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed.
We started the day with our Bullish target hit at 2629 with no cross and lock above confirming the rejection.
We are now seeing price head towards the bearish gap below. We are looking for price to stay supported above this level to continue to use our smaller timeframes for entries to buy dips, unless we see a cross and lock below 2600, in which case the lower range will open up.
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
2629 - DONE
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
BEARISH TARGETS
2600
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2518 - 2486
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
$XAUUSD #XAUUSD GOLD LONGS MONDAY post NYSE 12/23/2024 been intraday bullish on gold eyeing this 2610 level post NYSE open sellside this morning looking to play longs targeting 2620/2625 intraday and potentially 2630+ if we get a big move with some pre Christmas volume my invalidation is around 2607 and i will stop out and take the loss if we break down 2610 into 2608/2607 if we take out the low then fly I'll be mad but such is life
Definitely not financial advice
Trade at your own risk
Be safe much love and happy Holidays
Just going to be using TradingView more often as a personal journal going into the New Year
GOLD (LONG)This is my thoughts on gold currently. I explain what I need to see before entering for a buy so please be sure to watch the whole video.
GOLD FURTHER SELL OFF?! (UPDATE)Gold has started the week off by dropping lower, which is what we want to see. Flat correction + Wave 2 correction complete, which means Wave 3 sell's are in full effect. Any push higher on Gold, use it to your advantage & open further sell positions📉
TP REACHED ON XAUUSD | GC1!Earlier I posted to Buy XAUUSD, and reversed before hitting the SL to enter as a seller since the market gave us a reversal of the movement.
I didn't post it since I was busy with my students, here's the screenshot for you.
Follow for more daily trades!
GOLD (xauusd): it is bearish now!hello guys.
let's make this analysis a simple one!
as you can see gold touched the upper S&D zone perfectly and at the same time touched the top line of the channel!
now the midline of the channel is broken too!
so we can consider a downward movement at least until the bottom line of channel
GOLD What Next? BUY!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2603.3 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 2632.7
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
SILVER Sellers In Panic! BUY!
My dear friends,
My technical analysis for SILVER is below:
The market is trading on 29.498 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable SILVER continuation.
Target - 30.247
Recommended Stop Loss - 29.150
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
XAUUSD - 15m | SELL SELLSimple trading - Wyckoff Event
This is an extremely short-term pattern, and there is not much to explain here. Other than this, the pattern/event happens when the market makes a big dip and starts to consolidate. AKA "accumulation phase"
Expect the market to fall back down to the previous support area 2595-2585. After this fall the market should reject support and continue its bullish trend to ATH
BUY CAUUSD | GC1!You can buy on XAUUSD | GC1! after that we got a reversal at the end of the bearish movement and the beginning of an uptrend. Use same SL and TP as mine.
Follow for more!
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.
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
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!
Gold 1HR CHART UPDATE Price may be approaching a key support zone or moving average, providing a bounce opportunity.
RSI could be oversold, suggesting bullish momentum may develop.
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.
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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.
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.
according to 1hr time frame,
CAPITALCOM:GOLD
- **Sell Entry**: 2639
- **1st Target**: 2619 (Profit: 20 points)
- **2nd Target**: 2606 (Profit: 33 points from entry)
For better risk management, consider setting a **stop-loss** above a nearby resistance level (e.g., 2645 or 2650, depending on volatility).
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!
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
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.
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.
