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Metals

Gold : enters accumulation reaction phase before strong increasAfter a period of accumulation, the gold price has escaped the prolonged bearish phase and is moving in a clear upward price channel. In particular, the market is recording strong buying interest in the short-term support zone of $2,650 - $2,675. This is the "key" area to push the price closer to important resistance levels. If the $2,721 threshold is successfully broken, the gold price is likely to quickly extend its upward momentum to the $2,772 area - an important liquidity level, and also a confirmation signal for the long-term uptrend.
OANDA:XAUUSDLong
by TomtradeFX
Russia-Ukraine tensions appear to be spreadingRussian President Vladimir Putin today, November 22, announced that the test of a medium-range missile complex carrying an Oreshnik supersonic warhead was successful. A day earlier, Russia attacked the Southern Machine Manufacturing Factory (Yuzhmash) in Dnipro (Ukraine), saying this was a move in response to Ukraine's use of ATACMS missiles supplied by the US with Storm Shadow missiles from the UK. This week, gold prices increased by 5.7% - recording the strongest weekly increase since March 2023 - when the local banking crisis in the US broke out. The price has increased for 5 consecutive versions, for a total of more than 170 USD. Gold is the preferred tool during any political, economic upheaval and low interest rates. The price went up despite the Dollar Index reaching a 2-year peak today and Bitcoin setting a new record at 99,768 USD per coin. The gold market also ignores that the probability of the US Federal Reserve (Fed) easing monetary policy next month is gradually decreasing. Investors currently forecast that the possibility of the Fed cutting interest rates is only 53%, down sharply from 82% last week. 🔥 XAUUSD BUY 2672 - 2670🔥 💵 TP1: 2680 💵 TP2: 2690 💵 TP3: OPEN 🚫 SL: 2660
OANDA:XAUUSDLong
by FalCol_TradingMaster
SILVER Will Go Up From Support! Long! Please, check our technical outlook for SILVER. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 30.769. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 32.322 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!
OANDA:XAGUSDLong
by SignalProvider
1
Gold continues rally from 2650?Dear traders, Tom here! Spot gold hit a near two-week high in the Asian session as the worsening Russia-Ukraine conflict benefited traditional safe-haven assets. The weekly uptrend appears to be unaffected by bets for a less aggressive Fed easing, continued USD buying and the prevailing risk-on environment. At the time of writing, gold is hovering around $2,683 and up 0.51% on the day. Technically, gold confirms bullishness, we are watching the resistance zone ahead after a false break of 2,686, a break would be bullish while a hold would be bearish. But in any case, the preference remains on the buyers, as interest in the metal as a hedge has returned. Medium-term target could be 2,710-2,750
OANDA:XAUUSDLong
by TomtradeFX
GOLD MARKET ANALYSIS AND COMMENTARY - [Nov 25 - Nov 29]Last week, gold prices continuously recovered from 2,564 USD/oz to 2,716 USD/oz. The reason why gold prices increased sharply this week is because investors are concerned that the war between Russia and Ukraine will take a more serious turn when President Biden allows Ukraine to use long-range ATACMS missiles to fire into Russian territory to in response to Russia's deployment of North Korean troops in the Russia-Ukraine war. Besides, Mr. Biden seems to want to make his mark in the Russia-Ukraine war when he only has about 2 months left in power before handing it over to Mr. Donald Trump. In addition, according to many experts, this move by Mr. Biden may complicate the war between Russia and Ukraine, making it difficult for Mr. Donald Trump to end the hostilities as easily as he announced during the campaign. elect US President... Perhaps most alarming is the nuclear doctrine that Russia emphasizes. It considers any attack by a non-nuclear country supported by a nuclear power to be a joint attack. This means that Ukraine's use of ATACMS missiles also means that the US is directly involved in attacking Russia, making the war between Russia and Ukraine no longer a war between these two countries, but could potentially lead to a world war. War III. However, according to many experts, the US may only provide a limited number of missiles to Ukraine, fearing the dire consequences of this move. Therefore, the war between Russia and Ukraine is unlikely to drag many other countries, especially NATO member countries, into the war. Furthermore, with only 2 months left until Mr. Trump takes office as President of the United States, the war between Russia and Ukraine will soon subside. The need for refuge in gold may continue to increase in the short term as Russia and the US are still taking tough stances in the Russia-Ukraine war. Therefore, next week's gold price may continue to rise even higher. This week, the US announced two important indicators: third quarter GDP and personal consumption expenditure index (PCE) - an important inflation measure of the FED. If Q3 GDP declines and PCE increases, it will be difficult for the FED to resist further reducing interest rates, further supporting the rise in gold prices next week. On the contrary, if GDP increases and PCE decreases, the FED will have more motivation to delay cutting interest rates, causing gold prices next week to be negatively affected. 📌From a technical perspective, on the H4 chart, a head and shoulders pattern is forming, but a few more up/down cycles are needed to confirm. Specifically, if the gold price has a correction phase to around the support level of 2640, then bounces back to break the resistance level of 2711, then it can be expected that the price will continue to maintain its upward momentum above the 2790 threshold. In case of support area If 2600 is broken, it could trigger another sell-off, causing gold prices to fall to around 2500. Notable technical levels are listed below. Support: 2,684 – 2,697USD Resistance: 2,760 – 2,750 – 2,732USD SELL XAUUSD PRICE 2791 - 2789⚡️ ↠↠ Stoploss 2795 BUY XAUUSD PRICE 2639 - 2641⚡️ ↠↠ Stoploss 2635
OANDA:XAUUSD
by Xayah_trading
Gold : The fundamental context and goals have both changedOANDA:XAUUSD a local downtrend channel breakout damages sellers. The fundamental background is changing despite continued USD buying and a generally risk-off environment, which is overall positive for gold as a safe-haven asset in times of crisis. The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities. Despite the optimism for the USD, gold prices remain resilient and benefit from the escalating geopolitical tensions between Russia and Ukraine. Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions are likely to consolidate for sellers before further strengthening. Technically, gold has every chance to test the boundaries of the previously broken channel, but based on fundamental news and technical factors, we can conclude that further growth may continue. Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
OANDA:XAUUSDLong
by Bentradegold
2
Gold Long Term Analysis Nov 25The gold price saw a strong rebound last week with the price rising nearly 6%. This saw the gold price respect the upwards trend that has been established over the last year. Uncertainty in the Russia Ukraine conflict provided the main demand for gold last week in the absence of any major economic news as investors looked for a risk hedge. This movement in gold prices ran counter to increases in the USDX and US treasury yields. The higher yields reflect expectations of better economic conditions leading to a pause (or slowdown) in the pace of monetary policy easing by the Fed and the expected impact of Trump trade policy. With the FOMC minutes, personal consumption and GDP figures coming out later this week we may see some subdued price movement prior to the release of these numbers. Gold closed last week around a key resistance level that lines up with the 23% fib retracement. We may see gold linger around these levels given recent comments from the Fed reserve over the last week. However a pull back may occur as profits are taken off last week's stellar rise. Hey levels of support are seen around 2693 and 2670.
OANDA:XAUUSD
by dgowty
#202447 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold futures: I was bullish last Sunday and boi did that pay but now is not the time to buy into this climax. Market is way overdue for a pullback but I would not try to pick the top here. Only longs for me on this but only after we have seen some sideways to down movement. Buying is strong enough to expect a second leg up, which could bring us to 2900. I do think it is highly likely that we close this year above 2800. Quote from last week: comment: Market took 48 days to gain the 10% we now lost in 14. This selling is climactic and thus unsustainable. We will soon see a bigger bounce, if not a complete reversal to 2800 again. On the daily chart it looks nasty but on the weekly chart tis but a scratch. Bears closed all but one open bull gap and technically just retested the breakout price for the previous bull leg. This selling is strong enough to seriously doubt much higher prices than 2800. What I do expect is some bounce and more sideways movement between 2600-2800 before we could test lower prices (2300-2400) next year. For now it’s too early to go long, since market has not found a credible bottom yet but since market has not traded much below the weekly 20ema for a year. Swing longs with stop 2480ish are very reasonable. comment: Market overdid it a bit with the selling and since Monday there are no bears to be found. Measured move up gives us 2866 and if we reach that, 2900 is probably given. You can’t think bearish at all until we reach 2800 again. 5 very strong bull bars closing at the highs. Can’t get any stronger for the bulls. Right now we went from overbought to oversold to overbought. Some pullback is expected and it will likely be a great buying opportunity. current market cycle: Bull trend key levels: 2500 - 2900 bull case: Can you buy the highs at 2700 and hope for a 6th consecutive bullish day? I would not. Only interested in buying this on pullbacks but I due think it’s bullish and nothing else. Will likely close 2024 above 2800 if not 2900. Next target for the bulls is 2750, followed by 2800. Dip can go as low as 2650 but below I would get more cautious. Invalidation is below 2650. bear case: Bears gave up on Monday. No argument for them at all here and I won’t make much up. Can only see more selling pressure coming back around 2800. I expect any pullback to be bought. Invalidation is above 2750. outlook last week: short term: Neutral until bulls claim 2630 again. 2540 just has to hold or if we spike down to 2500 we would have to see huge buying or this will flush down more. Bears are in full control until market trades above the 4h ema again. → Last Sunday we traded 2570 and now we are at 2712. Perfect. Hope you made some or at least did not short the lows. short term: Max bullish if we stay above 2650. 2800 is my expectation and 2900 possible. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None chart update: Added two legged correction (ABC)
COMEX_MINI:MGC1!
by priceactiontds
Our beloved Gold🌟 GOLD WEEKLY FORECAST 🌟 The price is moving within an ascending channel, indicating a bullish trend ✓ Sell Zone: Between $2,724-$2,734, indicating resistance where selling pressure could increase. (A breakout above the Sell Zone could target the Strong Sell Zone.)If the price sustains above the Sell Zone, further bullish movement toward the Strong Sell Zone is anticipated . ✓ Strong Sell Zone: Above the $2,758-$2,764 range, marked as a potential reversal area. A breakout below $2,716 (highlighted level) could lead to the retracement or the Strong Buy Zone. ✓ Strong Buy Zone: Around $2,686-$2,692, a key support area for potential buying opportunities. Retracement Zone: Below the $2,686 level, indicating a potential bearish retracement zone.
FX:XAUUSDLong
by salamanderfx
Silver is in the bullish trend after testing supportHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexMasters2000
Gold: Strong Gains Driven by Global Uncertainty and DemandGold: Strong Gains Driven by Global Uncertainty and Demand Last week, gold continued its upward trajectory, closing at $2,716 per ounce. The positive momentum in the gold market was driven by several key factors related to geopolitics, the global economy, and structural demand for the metal. Geopolitics and Economic Uncertainty One of the primary drivers of gold prices remains geopolitical uncertainty. The escalation of the conflict in Ukraine has prompted investors to seek safe havens, with gold, as a traditional "safe haven" asset, attracting significant capital inflows. Additionally, economic uncertainty in the Eurozone and China is boosting demand for gold. In Europe, tensions stem from economic instability, while in China, concerns about a slowdown in key sectors of the economy weigh on market sentiment. Inflation Concerns The rising risk of a global inflation rebound also supports higher gold prices. The tariffs proposed by future President Donald Trump on goods imported into the U.S. could raise production costs and consumer prices, fueling inflation concerns. In such scenarios, gold becomes an attractive hedge against inflation. Monetary Policy and Central Bank Purchases Gold is also benefiting from the ongoing cycle of interest rate cuts around the world. Lower interest rates reduce the opportunity cost of holding gold, making it a more appealing investment asset. Moreover, central banks continue to bolster their reserves by purchasing gold at a strong pace, a trend that supports the market amid increasing global uncertainties and inflation risks. Emerging Economies Driving Demand The economic growth of emerging markets, such as China and India, is another factor driving gold prices. These countries traditionally have high demand for gold, driven by cultural and investment preferences. As the wealth of these societies grows, demand for gold, both as an investment and in the form of jewelry, is likely to rise. Conclusion Gold remains a key beneficiary of global uncertainties, both geopolitical and economic. Factors such as escalating conflicts, inflation fears, loose monetary policy, and rising demand from emerging economies are bolstering its upward momentum. Will gold maintain its current growth trajectory? Much depends on the future course of geopolitical and economic developments. For now, gold stands out as an attractive asset for investors seeking safety and inflation protection. What are your forecasts for the gold market? Share your thoughts in the comments below.
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by InvestMate
1
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2728 and a gap below at 2703. We will need to see ema5 cross and lock on either weighted level to determine the next range. 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 2728 EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET 2743 POTENTIALLY 2759 EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET 2772 POTENTIALLY 2787 BEARISH TARGETS 2703 EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET 2684 EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE 2638 SWING RANGE 2638 - 2620 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
OANDA:XAUUSD
by Goldviewfx
21
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2736 and a gap below at 2694, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range. 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 2736 EMA5 CROSS AND LOCK ABOVE 2736 WILL OPEN THE FOLLOWING BULLISH TARGET 2785 EMA5 CROSS AND LOCK ABOVE 2785 WILL OPEN THE FOLLOWING BULLISH TARGET 2821 EMA5 CROSS AND LOCK ABOVE 2821 WILL OPEN THE FOLLOWING BULLISH TARGET 2858 BEARISH TARGETS 2694 EMA5 CROSS AND LOCK BELOW 2694 WILL OPEN THE FOLLOWING BEARISH TARGET 2654 EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET 2611 EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2565 - 2519 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
OANDA:XAUUSD
by Goldviewfx
12
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, This is an update on the weekly chart idea we have been tracking for over a month now. This chart allowed us to project the long term corrections and direction. We were able to track our bullish targets until no ema5 lock to confirm rejection into the retracement range below for the correction. We have been suggesting over the last few weeks that we will be looking for the channel top and the retracement range to provide the support for a reaction. We also stated that we have a body close below the retracement range opening the swing range but will need ema5 cross and lock to further confirm this. No lock below confirmed the rejection. The new weekly candle this week also had the ema5 detachment to the top, which followed with the correction above to re-attach and now heading towards the 2729 axis target once again. Overall the channel top provided the support like we analysed. Although we saw candle body closes below the channel there was no ema5 break into the channel, which allowed us to identify the fake-out and confirm the support. 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. We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future. 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
OANDA:XAUUSD
by Goldviewfx
7