Gold Levels for Buying. I have been updating you about the gold as it is following our path and we have been earing buys
do support and follow me for new updates I want 1k followers.
Xauusdanalysis
XauusdSame pattern as yesterday is being formed and high Possibility of Long Again Which Matches the trend and all So I am not gonna Sell for sure today. Waiting for further Confirmation of Entry.
Go ahead and try shorting gold!Bros, due to the renewed tension in the geopolitical situation and the surge in risk aversion in the market, gold has risen sharply in the short term, and the current highest has reached around 2618. However, the continuity of the gold market, which has risen due to news stimulation, remains to be seen!
And from the chart, although gold has risen strongly, it still faces resistance in the 2720-2725 area in the short term. This is the last line of defense in the bear market, so it is not easy for gold to continue to break through. If gold fails to successfully cross this resistance area, then after consuming the bullish momentum to a certain extent, gold may retreat again and retest the 2700-2695 area.
So in terms of short-term trading, I will still not give up shorting gold. I will still try to add positions to continue shorting gold based on the 2720-2725 resistance area! Do you think gold will pull back? 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!
2024.12.11CPI Data Analysis and Opportunity AnalysisHello traders,
In the trading process, a tense market often presents a significant challenge. Such market conditions not only test our trading strategies but also continuously challenge our patience and psychological resilience.
**The Importance of Trial and Error Costs**
Everyone must understand that trial and error is an inevitable part of the investment process. Whether you are a novice or an experienced trader, you will go through cycles of success and failure in the market.
**The Key Role of Position Management**
In a tense market situation, position management becomes one of the important tools for controlling risk and optimizing returns. Proper position management can help us reduce losses during trial and error and ensure that we have sufficient funds to participate when the market rebounds. We can flexibly increase or decrease our positions based on market volatility, thereby maintaining relatively stable returns in an uncertain market.
Looking at the gold trend from late November to early December over 14 days, this is a standard tense market scenario. According to trading strategies and technical charts, there are times when bullish signals appear and times when bearish signals show up.
Despite filtering signals, such as waiting for a reversal signal on the 4-hour chart before looking for entry signals on the 1-hour chart, stop-loss occurrences still exist during these 14 days of trading.
Existence is rational! Just remember, there is no trading strategy that guarantees a 100% win rate. No matter what techniques or quantitative systems are used, reaching such a level is impossible.
Once you understand this, you will allow stop-losses to occur during the trading process. Accepting their occurrence is essential to deeply grasp the essence of trading.
**Gold**
On Monday, we noted:
**Currently, the 1-hour and 4-hour charts show gold resonance above the EMA, and given that Monday's market is relatively straightforward with fewer data interference factors, there is a chance for a breakout in a sideways market. It is recommended to look for 1-hour entry signals during the European and American sessions.**
Bullish targets remain:
- TP1: 2682
- TP2: 2703
- TP3: 2725
The first target of 2682 has been reached, and the second target of 2703 was reached during Wednesday's Asian session. It is recommended to reduce positions and continue holding gold longs.
Tonight, during the U.S. session, pay attention to the release of U.S. CPI data at 9:30 PM Beijing time. Before this, it is not advisable to open new positions ahead of the CPI data announcement. It is recommended to patiently wait for a stable ABC consolidation pattern to form above the EMA on the 4-hour chart before looking for new entry opportunities on the 1-hour chart.
What we focus on is not the CPI data itself, but the market's perception of the CPI data and the subsequent directional trends for decision-making.
GOOD LUCK!
LESS IS MORE!
Gold UpdateGold has formed a valid ascending channel in blue color on h1 timeframe
and he is on resistance now on h4 timeframe
so we're waiting or an h1 candle to close below the last touch o the blue channel so we can enter a short (sell) position
Follow us for more update fam
XAUUSDHere is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair.
Alright first, let’s take a step back and take a look at XAUUSD from a bigger perspective . For this we will be looking at the H4 time-frame .
XAUUSD is currently trading at around 2650s . Our scenarios stay the same. Let’s take another look at them with more in-depth outcomes.
Scenario 1: BUYS
We broke above 2660.
That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) at around 2714 .
Scenario 2: SELLS
We respected our KL (Key Level) 2660 and have not broke above it.
We are now targeting breaks of 2590 and revisits of 2530 . If 2530 is to be broken, we could easily see our next Key Level sitting at 2480 .
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 2660 would confirm buys UP TO 2714.
- XAUUSD failing to break above 2660 would confirm sells.
- Breaks below 2604 would result in sells, down to 2550 and 2530.
- If 2530 is broken, we can see our next KL (Key Level) 2480.
Happy trading!
FxPocket
ANALYSIS OF GOLD TREND TODAY, DECEMBER 12, 2024: UP OR DOWN?Technical Analysis from the Chart:
The price has broken through the previous descending trendline (yellow line) and is now in a recovery trend. Currently, the price is approaching a strong resistance zone at $2,710 - $2,725, an area where selling pressure has been prominent in the past.
Key Levels:
Main Resistance: $2,710 - $2,725 (previous highs and key Fibonacci zone).
Nearby Support: $2,680 (MA200 and Fibonacci 0.618).
Strong Support: $2,650 (previous lows and psychological support level).
Indicators:
RSI: Currently near the overbought zone, signaling a potential price pullback in the short term.
Stochastic: In the overbought zone and showing signs of a possible reversal.
Price Action Pattern:
The price is currently testing a strong resistance zone. If it fails to break through, there is a chance it will correct back to support.
Trading Strategy for XAUUSD in the Current Price Range:
SELL XAUUSD around the $2,720 - $2,721 zone:
Stoploss: $2,726
Take Profit 1: $2,715
Take Profit 2: $2,710
Take Profit 3: $2,700
“If the price breaks above $2,728, look for a sell around $2,749 - $2,750 in a longer-term channel.”
BUY XAUUSD around the $2,679 - $2,680 zone:
Stoploss: $2,674
Take Profit 1: $2,685
Take Profit 2: $2,690
Take Profit 3: $2,700
Note: Always set a stoploss in every trade to ensure safety!
@Henrybillion wishes you a successful trading day!
Xauusd Got that Bread Last Two Days are awesome. Manage Risk Move On to next that's all u have to do.
Gold May Rise to 2800In the future gold trend, focus on the points marked on the chart. 2704-2688-2675-2667-2652 are important supports, and the rising resistance is 2725-2750-2769-2788-2803
2666-2652 is an important support for the rising trend. In the next fluctuation, as long as this area is held and not broken, the rising trend will continue until around 2800. After that, 2750-2725 will become the support of the new trend.
Gold Market Analysis 12/11The ideal target of 2687 has been achieved, and the price has now moved above 2690. Currently, the 2693-2704 region faces significant selling pressure, which is expected to cause a short-term pullback. However, from the 1D chart perspective, the overall trend remains bullish, indicating that this pullback is a release of pressure rather than a change in trend.
Short-term support is at the 2678-2673 range, and if the price retraces to this level, it could attract renewed bullish momentum. Therefore, the recommended trading strategy is as follows: consider shorting above 2690 for a quick trade, and look to go long if the price drops below 2680, with targets remaining at higher levels.
As always, ensure proper risk management and closely monitor market movements.
XAUUSD BuySetupHi everyone.
As we broke the structure stronger than previous one with higher volume, so I think this trend is going to continue to meet the weekly orderblock.
I think this area is good to set an order.
This order has a tight SL, so please consider the risk management.
I'll send another setup for this entry in the comment below. don't forget to check it ;)
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
XAUUSD Long Trade: High-Potential Entry Hey, traders! 🚀 Here’s my latest Gold (XAUUSD) long entry on the 1H chart. Entry: 2,670.67 USD, Stop Loss: 2,607.82 USD, and Take Profit: 2,735.52 USD.
Why this trade? 📊 The moving averages show a clear bullish trend, the RSI at 61.55 indicates room for further upside, and the volume is steadily increasing, confirming market interest. The wider Stop Loss gives the trade space to breathe while maintaining a solid risk-to-reward ratio.
What do you think? Would you take this trade? Drop your thoughts in the comments and give this idea a boost if it resonates with you! 📈🔥
Disclaimer:
This content is for educational purposes only and does not constitute financial advice. Trade responsibly and assess your own risk tolerance before making decisions.
Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD 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
Gold profit target this week is 300%I posted the same gold analysis a few hours ago. It has hit our sell zone and is falling. Waiting to reach the TP position. I will share trading strategies for the market every day. You can click on my link
XauUsd target done. What's next?As expected, the 2655–2660 resistance zone gave way, and after a confirmed breakout, OANDA:XAUUSD moved higher, surpassing the initial target of 2685 and hitting a local high above 2700.
The price then formed a double top around the 2704 level (5m chart) before entering a normal correction phase. During this pullback, it tested the 2675 zone, which held as a strong support area due to its confluence.
Currently, Gold is showing signs of resuming its upward trend and is trading around 2693. My outlook remains bullish as long as the 2670–2675 support zone holds. For now, buying during dips remains the best strategy.
If the price can break back above 2700, the next key resistance to watch is at 2718.
Gold Rally Continues as CPI Data Set to Drive the Next MoveCurrently, the gold market is supported by escalating geopolitical tensions and the strong market expectation of an interest rate cut by the Federal Reserve next week. Gold prices have now approached the $2700 level. From a technical perspective, gold has broken above the 50-day moving average, with the Relative Strength Index (RSI) showing a bullish signal, indicating strong upward momentum. The U.S. Consumer Price Index (CPI) for November will be released in two hours, and this report could significantly influence the Federal Reserve's interest rate decisions at their meeting on December 17-18.
If the U.S. CPI data comes in weaker than expected, it may strengthen the market's expectation of Fed rate cuts in the coming months, which would push gold prices higher towards the November 25 high of $2721. Therefore, gold's short-term direction will largely depend on today's CPI data, and I believe the data will be supportive for gold prices.
Today's Strategy:
Long Position on Pullback: Consider going long if gold retraces to the 2690-2695 region, leveraging the current technical setup and market sentiment.
Wait for CPI Data: It is advisable to await the release of CPI data and adjust positions based on market reaction.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management and without over-leveraging.
Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold.
Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold.
In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back!
Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? 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: Last Idea Gave Us 940+ Pips, What about Next?Dear Traders,
Hope you are doing well, our last entry moved well and better than what we had expected, due to that reason mainly and how price have moved and its behaviour gave us indication of bullish continuous dominance that will take price upwards of 2790$ region one more time before it reverse. Remember our bias will change depending on how price moves so if you see a different bias do not be shocked or confused. Please refer to the time when the chart was published.
Good luck.
#XAUUSD: Possible clear move happening next weekGold has been trading sideways with no clear view of the market, making it difficult to trade swing or even intraday, we wanted to share our view early, however, since the price is not clear yet. We waited until today, now we can see price either can move up without taking out sell side liquidity or might take out the sell side liquidity and then moves upwards. Good luck.
GOLD - its breakout? whats next??#GOLD.. market bounced back from today supporting area and it was perfect move.. now immediate supportinga area will be 2607 08
keep close and if market hold it in that case our next area for upside will be our trend line means around 2640 45
good luck
trade wisely
GoldXAUUSD ( Gold / U.S Dollar )
Completed " 1234 " Impulsive Waves
Break of Structure
Fibonacci Level - 38.20%
Bullish Channel as an Corrective Pattern in Short Time Frame
Order Block
Gold falls back and continues to go longThe bulls are still strong now. However, the decline has not continued and now it has rebounded to around 2700. From the current trend, the bulls are still strong, MA5-MA10 moving average maintains a golden cross upward, and the upper track of the Bollinger band shows signs of opening. The key now is whether the 2700 mark can be broken through and stabilized. If it stabilizes, it will test the previous huge Yin high point of 2720; otherwise, it will fall again under pressure at the 2700 mark.
The 1-hour moving average of gold continues to form a golden cross and diverge in an upward bullish arrangement. The decline of gold is an opportunity to go long. Gold fell to the lowest point of 2675 today and then bottomed out and rebounded. Gold fell back to 2675 in the afternoon and continued to go long on dips. Gold can continue to go long if it falls back to around 2680.
