#Gold Wave 4 soon$3000 is a psychological level. So, I believe wave 3 should end here. It could go a little higher ~$3030ish. Then will drop about 5%-7% to conclude wave 4.
Overall I am bullish on Gold (XauUsd).
#XAU
TVC:XAU
Metals
Gold market analysis: 24-Feb-2025Happy New week, check out our Gold market analysis: Today's zones for strategic decision-making.
GOLD MARKET ANALYSIS AND COMMENTARY - [Feb 24 - Feb 28]OANDA:XAUUSD continued to increase for the 8th consecutive week, marking the longest increasing streak in many years. Opening the week at 2,886 USD/oz, gold price peaked at 2,955 USD/oz and closed at 2,936 USD/oz. The main reason is concern about US tariff policy causing economic instability, increasing global gold demand. In addition, many central banks, especially in the BRICS bloc, are also actively buying gold.
Gold prices will have more room to rise higher due to the ongoing geopolitical and geo-economic instability, including the Trump administration's tariff policy and the risk of political instability in Europe. Additionally, demand for investing in gold-backed exchange-traded funds is also growing.
The US PCE inflation report, released next Friday, may affect gold prices through FED interest rate adjustments. If PCE increases, the FED may delay cutting interest rates, which is detrimental to gold prices. On the contrary, if PCE drops sharply, the gold price could exceed 3,000 USD/oz.
SOME DATA THAT MAY AFFECT GOLD PRICES NEXT WEEK:
Tuesday morning will see the February US Consumer Confidence report, followed by January New Home Sales data on Wednesday.
On Thursday, markets will receive preliminary reports on US fourth-quarter GDP, January Durable Goods Orders and weekly jobless claims, followed by US pending housing contract data later in the morning.
However, the most important event of the week will be the US core PCE index on Friday, along with the January personal income and personal spending reports. This is the Fed's preferred inflation gauge, helping gold traders gauge the outlook for interest rates in the near term.
📌Technically, although the gold price is still maintaining an uptrend, however, on the Weekly and Daily charts, some technical indicators such as MACD show signs that the price has diverged, the moving average lines (EMA34,89) are quite far from the price line, this shows that the gold price next week may face adjustment pressure before continuing to increase again, unless there are fundamental factors that have a strong impact on the gold price.
Notable technical levels are listed below.
Support: 2,922 – 2,915USD
Resistance: 2,946USD
SELL XAUUSD PRICE 3001 - 2999⚡️
↠↠ Stoploss 3005
BUY XAUUSD PRICE 2834 - 2836⚡️
↠↠ Stoploss 2830
World gold price today"Gold's increase over the past two months has exceeded the normal trend, so there may be a correction. However, I think this decline will only be short-lived and insignificant. The reasons why investors buy gold are still there, while North American investors have not increased strongly."
"Gold reached a record high of nearly 2,955 USD/ounce on February 20. However, technically, it is starting to show signs of being susceptible to a downward correction. The increase of more than 13% from the beginning of the year until now may cause investors to falter and slow down their buying momentum."
The world gold market continues to fluctuate strongly due to the impact of President Donald Trump's policies. Kitco News' latest weekly gold survey results show that industry experts are cautious about the yellow metal's short-term prospects. Meanwhile, retail traders are optimistic, with prices forecast to continue rising this week.
XAUUSD - 1hr | Wyckoff EventSimple Trading: Distribution Phase
First, we can see that gold has started to consolidate. Once we see this, we look back at previous candles to identify the patterns in this phase:
(1) preliminary resistance
(2) the last buy
(3) a retest to confirm support
(4) confirm resistance without making a higher high.
(5) Higher high (typically a FAKEOUT)
We are waiting for the price to confirm the last step (6) to complete the pattern. If the price falls to SUPPORT, creating a LOWER LOWER, the Distribution Phase is complete. Expect gold turn to remain bearish.
Falling as low as 2815.
Gold will rise to $3190, then adjust to decline for a few year.Gold will launch its final charge to $3,190 in the short term, and then fluctuate and adjust to fall. It may be adjusted for several years and may fall below US$2,000.
What Does GOLD want to do this week? We have to wait and see...Looking for a healthy retrace this week but I'm not sure just yet if they want to give it to us. We have to be patient and wait for the opportunity to presents itself. Waiting for the killzones is key.
Trade Idea: XAUUSD Long (BUY LIMIT)Technical Analysis
1. Daily Chart (Macro View):
• Trend: Strong bullish trend, price at 2933.30, nearing overbought RSI (69.87) but not extreme.
• MACD: Strong bullish momentum (MACD 54.58 > Signal 56.73), indicating sustained buying pressure.
• Resistance Level: Around 2945, with room to test or break.
• Support Level: Around 2813.30.
2. 15-Min Chart (Mid-Term View):
• Trend: Pullback within the bullish structure.
• MACD: Flatlining around 0, signaling consolidation.
• RSI: 42.55, suggesting room for upward movement.
• Key Zone: Price hovering around 2933, consolidating before potential breakout.
3. 3-Min Chart (Entry Timing):
• Trend: Recent short-term pullback.
• MACD: Bearish crossover but flattening out.
• RSI: 32.63, nearing oversold levels, indicating possible short-term bounce.
Fundamental Analysis
• Gold Bullish Sentiment Drivers:
• Geopolitical Risks & Inflation Concerns continue to drive safe-haven demand.
• Dovish Fed Expectations: Market anticipating potential rate cuts later this year, weakening USD and supporting gold prices.
Given the strong bullish macro trend and short-term pullback nearing oversold levels on lower timeframes, a long position offers the highest probability setup.
• Entry: 2928.00 (slight pullback to minor support & oversold RSI on M3)
• Stop Loss (SL): 2918.00 (below recent lows & strong support zone)
• Take Profit (TP): 2948.00 (breakout above resistance and continuation of bullish trend)
This offers a 2:1 RRR. FUSIONMARKETS:XAUUSD
Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower as the Consumer Sentiment Index declined. Last Thursday, I mentioned that the weekly chart suggested continued downside potential, and with Friday’s sharp decline, the weekly MACD has once again turned strongly bearish. Since the weekly MACD failed to form a bullish crossover and has now resumed its downward trajectory, this move can be seen as a whipsaw pattern followed by renewed selling pressure.
On the daily chart, the Nasdaq has dropped to the 60-day moving average, and the MACD has crossed below the signal line, triggering a sell signal. However, since Friday’s daily candle alone does not fully confirm the sell signal, today’s price action will be key in determining whether the sell signal is fully confirmed. The market decline was primarily driven by concerns over weaker consumer spending, tariff-related inflation expectations, and broader economic uncertainty. Since a large bearish candle has formed on the daily chart, the market should be approached with a sell-biased strategy. Given the strong resistance zones, selling near the 3-day moving average upon any rebound would be an effective approach.
On the 240-minute chart, the MACD has dropped sharply, pushing the signal line below the zero level. However, a short-term bounce may occur due to oversold conditions, making it important to watch for early support levels in the pre-market session. A range-bound approach remains favorable in the short term.
Crude Oil
Crude oil closed lower, pressured by expectations of increased oil supply from Iraq. On the daily chart, a buy signal appeared on Friday, but as mentioned earlier, it was not fully confirmed. Instead, oil closed lower, leading to a failed bullish signal and renewed downward momentum in the MACD. This shift in momentum suggests that selling pressure is increasing, making it more likely that oil will struggle to sustain a bullish breakout.
On the weekly chart, the MACD has not yet crossed below the signal line, meaning that some rebound potential remains. However, if oil closes the week with a bearish candle, a weekly sell signal could be triggered. The $70 level remains a key support zone. Until $70 is broken, oil should be treated as range-bound. However, if $70 is breached, downside momentum could accelerate, making a sell-biased strategy more favorable.
On the 240-minute chart, the MACD has dropped below the zero line, while the signal line remains above it. This suggests that some support may still exist near $70, but if the signal line also drops below zero, selling pressure could intensify further. Risk management is crucial for long positions in this environment.
Gold
Gold closed flat, remaining within a range-bound market structure. On the weekly chart, the bullish trend remains intact, but the market is now in a potential correction zone. On the daily chart, the MACD and signal line are nearly converging, making today’s price action critical in determining whether gold will break higher or enter a consolidation phase.
On the 240-minute chart, gold is trading sideways at recent highs, reinforcing the range-bound nature of the market. The MACD failed to maintain bullish momentum and has started turning downward, but since it remains above the zero line, even if gold declines, it is likely to bounce back within the range. However, if the 240-minute MACD falls below zero and the signal line follows, this could trigger a sharp correction following the recent rally. Traders should watch this development closely.
This week, key events include NVIDIA earnings(Wednesday), U.S. GDP report(Thursday), PCE inflation data(Friday). As the week progresses, market volatility is expected to increase, making risk management a top priority.
Wishing you a successful trading week!
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Weekly Market Forecast Feb 24-28: SPX, NAS, DJI, GOLD, ...This is a FUTURES market outlook for the week of Feb 17-21st.
In this video, we will analyze the following futures markets:
ES | S&P 500
NQ | NASDAQ 100
YM | Dow Jones 30
GC | Gold
SIL | Silver
PL | Platinum
HG | Copper
The USD continues its bearish ways this upcoming weak. It's currency counterparts will likely see some upside this week. Especially the JPY.
Patience and an ear to the news will be the best way to approach the equity markets. The same would also apply to news sensitive commodity markets like US OIL, Gold and Silver.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Gold | Oil | Dollar | Silver | Natural Gas Price ForecastGold | Oil | Dollar | Silver | Natural Gas Price Forecast
COMEX:GC1! NYMEX:NG1! TVC:DXY AMEX:USO price forecast
Gold Analysisbuy side liquidity was taken during last week's market sessions. Downside liquidity is yet to be taken. If price breaks below the trend line on monday or tuesday, the market is likely to to sell. if the trend line support still strong, the market is likely to continue the bullish trend. buy if the market retest the resistance.
Gold might descend to a support level, breaching the resistance Hi, traders. I'd like to share with you my thoughts on Gold. On this chart, we can observe that the price has recovered from the mirror line and begun to rise. Shortly later, it approached the support level, broke it, and hovered for a while before returning to the mirror line. Later, the price broke through the support level once more and resumed trading inside a range. During this phase, it climbed to the resistance level, which coincided with the seller zone, before retreating to the mirror line. Gold then dipped into the buyer zone before quickly rising over the mirror line and into the seller zone. After this movement, XAU corrected below the mirror line and resumed its upward journey.
Shortly later, the price approached the resistance level, broke through it, and departed the range. For a while, gold traded above the seller zone, but it subsequently plummeted and is presently hovering at the 2930 resistance level within the sale zone. I anticipate Gold will climb little before continuing to drop, eventually shattering the resistance level. Furthermore, I believe that following the breakout, it will prolong its slide toward the 2865 support level. Please share this idea with your friends and click Boost! 🚀
📊 XAU/USD – Key Levels for the Week Ahead 🔍
Gold (XAU/USD) is trading within a well-defined range, testing the seller zone near resistance while eyeing the buyer zone near support.
🔴 Resistance Level: 2,930 - 2,940 (Seller Zone)
🟢 Support Level: 2,865 (Buyer Zone)
📉 Potential Scenarios:
1️⃣ Bearish Rejection from resistance could push price down to the support level (2,865).
2️⃣ Breakout Above 2,940 may signal further upside potential.
3️⃣ Range-Bound Movement between support and resistance until a clear breakout.
📌 Market Outlook: Watching price action near key levels for confirmation before entering trades! 🚀
XAU bearish and bullish setup for next week
Still XAU making HH and HL
It has to retrace before going for another HH
Seasonal analysis showing same previous 5 year data
XAU Bearish from 23 Feb to 2 Mar then Bullish from 3 Mar - 20 Apr
So, instead of this week retracement and consolidation
I look for trade bullish trade next week.
My Idea on Gold XAUUSD Alright . so i see that #Gold created an ATH after that the momentum of buyers slow .
and price action shows me that bears start to sell GOLD .
My expectation we gonna see a big pull back or this the beginning of pull back .
xauusd analysis for coming weekKey Factors Influencing XAU/USD
Monetary Policy & Interest Rates:
By early 2025, the Federal Reserve’s stance will be critical. If rate cuts are underway (due to recession risks or controlled inflation), gold could rally as the USD weakens. Conversely, a "higher-for-longer" rate policy could cap gains.
Watch for Fed speeches and the PCE inflation report (due late February 2025) for clues.
Geopolitical Risks:
Escalations in conflicts, trade tensions, or unexpected crises (e.g., energy disruptions, elections) could trigger safe-haven demand for gold.
USD Strength:
A strong dollar (e.g., from robust U.S. economic data) may pressure gold. Monitor the DXY Index for inverse correlations.
Scenario-Based Outlook
Bullish Case:
Fed dovishness + weak USD + geopolitical instability → Rally toward $2,100–2,150/oz.
Bearish Case:
Hawkish Fed + strong U.S. data + risk-on sentiment → Decline toward $1,900–1,850/oz.
Trading Strategy
Long-term investors: Accumulate near $1,920–1,950/oz if fundamentals align with bullish drivers.
Critical Events to Monitor
Fed Chair Powell’s testimony (if scheduled).
U.S. Q4 GDP revisions (February 27, 2025).
Global PMI data (manufacturing/services activity).
Geopolitical developments (e.g., U.S.-China relations, Middle East tensions).
Conclusion
Gold’s trajectory will hinge on the interplay between Fed policy, the dollar, and risk sentiment. While technicals suggest a range-bound market between $1,900–2,080/oz, prepare for volatility around key data releases. Always use risk management tools (stop-loss, position sizing) given the uncertainty of long-term forecasts.
more detailed video analysis will be published soon
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Gold can drop to support level, breaking resistance levelHello traders, I want share with you my opinion about Gold. On this chart, we can see that the price rebounded from the mirror line and began to rise. Shortly after, it reached the support level, broke it, and hovered around this area for some time before dropping back to the mirror line. Later, the price broke through the support level once again and started trading within a range. During this phase, it climbed to the resistance level, which aligned with the seller zone, before pulling back to the mirror line. Gold then dipped into the buyer zone but quickly surged above the mirror line, entering the seller zone. After this movement, XAU corrected below the mirror line before resuming its upward trajectory. Not long after, the price reached the resistance level, broke through it, and exited the range. For some time, Gold traded above the seller zone, but recently, it dropped and is now hovering near the 2930 resistance level within the seller zone. I believe that Gold might rise slightly before continuing its decline, eventually breaking the resistance level. Additionally, I anticipate that after the breakout, it could extend its decline toward the 2865 support level. Please share this idea with your friends and click Boost 🚀
COPPER at Key Resistance: Will Sellers Push Toward 4.5230?PEPPERSTONE:COPPER has reached a significant resistance level, marked by prior price rejections and strong selling pressure. This area has historically acted as strong supply, suggesting the potential for a bearish reversal if sellers regain control.
If the price confirms a rejection within this supply zone, I anticipate a move downward toward the 4.5230 level. This setup suggests the possibility of a retracement after the recent upward movement.
Traders should look for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, before entering short positions.
COPPER above 200DMA, The Week Ahead 24 Feb ‘25 The COPPER price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a corrective pullback towards the previous consolidation price range and also the rising support trendline zone.
The key trading level is at the 9260 level, the previous consolidation price range and also the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 9260 level could target the upside resistance at 9445 (200-day moving average) followed by the 9650 and 9950 levels over the longer timeframe.
Alternatively, a confirmed loss of the 9260support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 9130 (50 Day Moving Average) support level followed by 9060.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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 2950 and a gap below at 2927. 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
2950
EMA5 CROSS AND LOCK ABOVE 2950 WILL OPEN THE FOLLOWING BULLISH TARGET
2969
EMA5 CROSS AND LOCK ABOVE 2969 WILL OPEN THE FOLLOWING BULLISH TARGET
2986
EMA5 CROSS AND LOCK ABOVE 2986 WILL OPEN THE FOLLOWING BULLISH TARGET
3006
BEARISH TARGETS
2927
EMA5 CROSS AND LOCK BELOW 2927 WILL OPEN THE FOLLOWING BEARISH TARGET
2903
EMA5 CROSS AND LOCK BELOW 2903 WILL OPEN THE SWING RANGE
SWING RANGE
2884 - 2861
EMA5 CROSS AND LOCK BELOW 2861 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
2841 - 2820
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
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 play between two weighted levels with a gap above at 2959 and a gap below at 2928. 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
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2992
EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET
3024
BEARISH TARGETS
2928
EMA5 CROSS AND LOCK BELOW 2928 WILL OPEN THE FOLLOWING BEARISH TARGET
2898
EMA5 CROSS AND LOCK BELOW 2898 WILL OPEN THE RETRACEMENT RANGE
2867
EMA5 CROSS AND LOCK BELOW 2867 WILL OPEN THE SWING RANGE
SWING RANGE
2829 - 2790
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
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
This is an update on our daily chart idea that we are now tracking and playing out perfectly, as analysed.
2904 AXIS target was hit previously completing this level and also into the channel top for the perfect finish and rejection.
We then stated that we now have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics.
- This is playing out perfectly, we got the cross and lock but the channel top is acting, as resistance but we are slowly ascending with the channel for the 2959 gap, which just fell short buy a few pips but we were able to take over 200 pips clean.
We also need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
