Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
Xauusdanalysis
XAUUSD: 12/12 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2725, support below 2627
Four-hour resistance 2725, support below 2675-50
Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell unilaterally in the volatile trading. The price of Asian and European sessions rose slightly and pierced the 2726 mark, oscillating and falling. The second rebound in the European session was under pressure, and the 2720 line fell downward and showed a unilateral decline. It accelerated downward in the US session and broke through the 2700 integer mark to reach a weak closing near 2675. The overall gold price showed a suppression adjustment pattern above 2726 in the short term, but the daily level technical indicators did not completely turn empty.
From the 4-hour analysis, we pay attention to the suppression of the opening drop 2725 line above, the short-term support of the 2675 line below, and the important support 2650 line below. In the short term, the gold price is expected to enter the long and short wide range of fluctuations. Sell high and sell low, and wait patiently for key points to enter the market.
BUY:2650near
BUY:2675near
The strategy only provides trading directions. Please use a small SL to test the signal.
Gold can hit 2750 before continuing it's bearish reversal trend?Gold prices climbed further, driven by escalating Middle East geopolitical tensions and a Wall Street selloff boosting safe-haven demand.
China likely acquired over five tonnes of gold in Nov, according to the PBoC report.
Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals.
XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum.
If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal.
Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend.
1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm
World gold prices decrease when the USD increasesWorld gold prices fell more than 1% on Thursday as investors rushed to take profits after prices hit a 5-week high.
"Gold still has an upward trend. However, last night's decline may have occurred because investors sold to take profits ahead of next week's meeting of the US Federal Reserve (FED)" - Zain Vawda - analyst market analysis at MarketPulse commented.
This expert believes that the market is shifting its focus to next year's interest rate plan from the FED. This will determine the sustainability of the current uptrend. According to the CME FedWatch interest rate tracking tool, investors currently forecast a 98% probability of the FED cutting interest rates in December.
In its "2025 Outlook" report released on Thursday, the World Gold Council (WGC) said the gold market will face two distinct scenarios next year as uncertainty dominates investor sentiment. . However, their base case predicts gold prices will move relatively neutrally if current market conditions continue.
“The market consensus is that macroeconomic variables such as GDP, yields and inflation, if viewed in simple terms, suggest that gold will have positive but modest growth in 2025.
🔥 XAUUSD SELL 2698 - 2700🔥
💵 TP1: 2680
💵 TP2: 2670
💵 TP3: OPEN
🚫 SL: 2710
We are bearish and sell below the resistance of 2710Gold fell sharply on the daily line, breaking the bullish structure that had been rising strongly from 2613 to 2726 in this round. The daily line retracement tested the MA5 daily moving average. The upper track of the Bollinger Band suppressed the 2713 line, the middle track was at the 2654 line, and the RSI indicator was running above the central axis. The short-term chart fell below 2700 in four hours, and a structure of accelerated decline appeared. The RS1 indicator returned to the central axis. The intraday trading ideas for gold are short-term bullish and long-term bearish!
Gold fell from a high level in the US market and is now under pressure at 2713. Gold can be sold directly near 2710. The 1-hour moving average of gold has begun to turn at a high level. After the downward divergence, the downward space of gold will be further opened, and it will continue to be sold under the pressure of 2710!
First support: 2675, second support: 2670, third support: 2660
First resistance: 2692, second resistance: 2700, third resistance: 2713
Trading strategy:
BUY: 2680-2678
SELL: 2710-2712
GOLD PRICE TREND ANALYSIS FOR TODAY, DECEMBER 13, 2024SPDR Gold Trust sold 24.88 tons of gold on December 12, which is the reason for the sharp decline in gold prices last night, suddenly dropping back into the previously broken downtrend structure around the 2675-2676 region.
Key Resistance Levels: 2700 - 2710 - 2732
Key Support Levels: 2666 - 2675
XAUUSD OANDA:XAUUSD Trading Strategy Around Price Zones:
SELL XAUUSD around the 2700-2701 region
Stoploss: 2706
Take Profit 1: 2695
Take Profit 2: 2690
Take Profit 3: 2675
“If there is a breakout above the 2728 level during the day, we look to sell around the 2749-2750 region in a long-term channel.”
BUY XAUUSD around the 2675 region
Stoploss: 2670
Take Profit 1: 2680
Take Profit 2: 2685
Take Profit 3: 2690
Note: Always set a stop loss in all cases to stay safe!
@Henrybillion wishes you a successful trading day.
Gold Market Analysis 12/13Gold has dropped to the support level of the current upward trend, and the selling pressure has largely been released. Today's trading strategy should focus on buying at lower levels, with resistance at 2692-2704. The target can be set within the 2688-2702 range. Additionally, pay attention to the support in the 2666-2652 zone. While the possibility of a break below 2652 seems low at the moment, it remains something to watch. The 2652 level is crucial, as it serves as the dividing line between bulls and bears. A genuine break below this level would signal a shift from a bullish to a bearish technical pattern, derived from the connection between the 2790 and 2720 highs.
Gold fell sharply, and the market reversed?The 1-hour moving average of gold begins to turn. If the moving average begins to turn downward, or even forms a dead cross, then the space for gold shorts will be opened. Gold will continue to short when it rebounds in the US market. After gold falls and breaks, it will rebound under pressure at 2,700 and fall directly. Gold will continue to short when it rebounds below 2,700 in the US market. This is the market of gold, which changes rapidly. It may be a carnival for gold bulls in the last second, and a feast for gold bears in the next second.
Buy gold, TP: 2690-2695Bros, today gold fell sharply and fell below 2695 due to the negative impact of PPI data on the gold market. I reminded in the previous opinion that the 2700-2695 area is the last line of defense for bulls. Once gold falls below this area, it is easy to be sold and continue to fall.
So today I went long on gold near 2702 as planned. After gold fell below 2695, I strictly followed the trading plan and chose manual stop loss near 2693, ending the gold long position with a loss of $4.7K; then I followed up with a gold short position near 2693, and manually closed the position near 2683, ending the transaction with a profit of $4.9K.
It means everything I did in trading today was for nothing,fortunately, I strictly followed my trading plan and strategy to execute the transaction, so even if I lost money in the long transaction, I recovered the loss in the short transaction, and there was no loss overall. Relatively speaking, no loss is the greatest success.
At present, after gold is relatively stable, I have bought gold again near 2683, and the short-term important support below is 2675. I expect gold to rebound to at least 2690-2695. As for the result of the transaction, let us wait and see! 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!
XAUUSD (XAU/USD) is hesitating on Wednesday after having rallied about 2.5% over the previous three days. The precious metal has been capped at the $2,700 round level during the early Asian session, with investors reluctant to bet against the US Dollar (USD) ahead of the release of the US Consumer Prices Index (CPI) reading at 13:30 GMT
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 7,342.29 Indian Rupees (INR) per gram, down compared with the INR 7,344.80 it cost on Tuesday.
The price for Gold decreased to INR 85,644.76 per tola from INR 85,668.30 per tola a day earlieGold price seems to have stabilized following good two-way intraday price swings and currently trades around the $2,690 area, below a two-week high touched earlier this Wednesday. Expectations that the Fed will adopt a cautious stance on cutting rates continue to push the US Treasury bond yields.
XAUUSD - possible outcomes today?Here is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last in-depth analysis on XAUUSD posted on November 27th , it has followed the projection and reached 2714 . Right now we have a few opportunities on our hands. Looking at XAUUSD we have possible buys if we break above 2720 and break today’s highs. On the other hand we could see pullbacks down to our PBA 1 (Pullback Area) sitting at around 2700 flat, and we could enter into more safe buys . If we break below 2700 (PBA 1) , we could see some sells in play. To write this in detail, here are the possible outcomes.
Scenario 1: BUYS from 2720
We broke above 2720 .
That would confirm continuation buys and we would have to keep our eye out on the breaks of today’s highs.
Scenario 2: BUYS from 2700
We made the pullback down to 2700 and are trading above it. That would give us a nice and safe area to enter into buys targeting today’s highs or possibly higher.
Scenario 3: SELLS from 2700
We broke below 2700 , and are now targeting breaks of 2690 and re-visits of 2675.
Personal opinion:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2720 would confirm buys.
- XAUUSD failing to break below 2700 would confirm buys.
- Breaks below 2700 would result in sells, down to 2690 and 2675.
Happy trading!
FxPocket
Gold is Ready to Fall again!!!Gold ( OANDA:XAUUSD ) started to pump, as I expected in the previous post .
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ) and approaching the Upper line of the Ascending Channel .
According to Elliott's wave theory , Gold is completing microwave 5 of the main wave C .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔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.
Gold Price Trend Analysis on December 13, 2024As of December 12, 2024, gold is trading around $2,717 per ounce, continuing its upward trend amid declining U.S. inflation and expectations of a Federal Reserve interest rate cut. Geopolitical tensions and a weakening USD further support the rise in gold prices.
Technical Analysis:
Market Trend:
Primary Trend: Bullish.
Key Support Levels: $2,700 (50-day MA) and $2,696 (50% Fibonacci retracement).
Resistance Level: $2,732 (previous high).
Scenario 1: Continued Uptrend (Breakout)
If price breaks above the $2,732 resistance with high volume, it may target $2,750.
Trading Strategy:
Enter long positions upon a close above $2,732.
Set Stop Loss at $2,720.
Take Profit 1: $2,750.
Take Profit 2: $2,760.
Scenario 2: Rejection at Resistance
If price fails to break $2,732 and shows reversal patterns, a correction to $2,710 or $2,700 may occur.
Trading Strategy:
Enter short positions near $2,732 upon bearish reversal signals like a Pin Bar or Doji.
Set Stop Loss at $2,740.
Take Profit 1: $2,710.
Take Profit 2: $2,700.
Scenario 3: Pullback to Support and Rebound
A pullback to the $2,700 support that holds may offer buying opportunities in line with the uptrend.
Trading Strategy:
Enter long positions at $2,700.
Set Stop Loss at $2,688.
Take Profit 1: $2,732.
Take Profit 2: $2,750.
Recommendations for Traders:
Prudent Risk Management:
Limit risk per trade to no more than 2% of account equity.
Monitor Economic News:
Key data such as Federal Reserve interest rate decisions or CPI reports significantly impact gold prices.
Await Confirmatory Signals:
Avoid impulsive trades; enter positions only upon clear signals at critical price levels
Gold has made a profit of 240% this weekAt this time, the market is running relatively slowly. After the long orders of gold are closed, there is a tendency to enter a small adjustment. It is expected that the gold price will not rise directly at present. It will only be possible to further increase until the US market. The trend remains upward. After the gold price further adjusts, continue to layout and go long! First pay attention to the 2707 moving average support level below. Continue to go long when the gold price adjusts to 2700 in the evening.
Will Gold also test the next resistance level?It’s been a highly bullish week for OANDA:XAUUSD traders, with prices not only reaching but surpassing all my targets one by one.
As I outlined in Monday's outlook, if the bulls manage to break above the 2655–2660 resistance zone, the 2785 level would be exposed, and more importantly, the price would very likely move beyond 2700.
Yesterday, that prediction materialized as we saw a decisive break above this critical milestone, with FOREXCOM:XAUUSD reaching the 2718 target—and even surpassing it.
Overnight, the price briefly dropped from 2725, touching the newly formed support at 2700 before reversing strongly upward.
The overall structure remains extremely bullish, with every dip being bought by traders.
This momentum should guide our strategy moving forward, focusing now on the next resistance zone at 2755–2760.
Technical and Fundamental Analysis Post-Breakout of 2721Analysis Expansion:
In the current market environment, gold continues to demonstrate strong upward momentum. Technically, the price has found support in the 2705-2710 range, with the RSI indicator consistently remaining in the bullish zone, suggesting that the market sentiment remains tilted toward the bulls. A breakout above the 2721 level would confirm the continuation of the uptrend, with the next key resistance likely to be around the 2740-2750 region.
From a fundamental perspective, the recent CPI data significantly increased market expectations for a Federal Reserve rate cut next week, particularly in light of weak inflation figures. Market focus is now shifting to the upcoming PPI and initial jobless claims data, which may further fuel expectations for a dovish Fed policy. If the PPI data shows weakness or if initial jobless claims rise substantially, gold could see additional bullish momentum.
Therefore, the strategy remains focused on long positions, with an eye on buying opportunities in the 2705-2710 range. If gold breaks above 2721, it will open the door for further upside potential. Risk management is crucial in trading, and investors should remain flexible with their positions to avoid overexposure.
Start going long goldBros, yesterday I emphasized that the key resistance area for gold in the short term is in the 2720-2725 area. Starting from today's London market, gold is just suppressed below 2720 and is currently fluctuating in the 2720-2700 area. In fact, at this time, whether we participate in long or short transactions, we have no way to make a move!
According to the current decline, gold is just profit-taking, and it is not sold off. If gold is sold off, the decline will be far more than that. So it is not completely certain that gold will return to the short trend. So the bulls still have the ability to fight back.
The 2705-2695 area below is the last line of defense for the bulls. If gold falls below this area, then gold may be sold off and continue to fall. But before a break below this support area, we have one more opportunity to go long gold.
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!
XAUUSD GOLD 1HR CHARTXAUUSD The outlook remains bullish, holding on to the same target as yesterday. Our analysis continues to support the expectation of upward momentum, reinforcing the importance of patience and precision in trading. Stay committed to the plan and allow the market to align with our projections.
XAIISD: Today's Market Analysis and StrategiesTechnical analysis of gold
Daily resistance 2725, support below 2627.
Four-hour resistance 2725, support below 2686
Gold operation suggestions:
From the 4-hour analysis chart, we focus on the 2725 line for upper pressure, and the 2700/2686 line for lower support. The operation is mainly based on pullback buying, trading with the trend, and focusing on the 2725 pressure.
BUY: 2701near
BUY: 2686near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.