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Xauusdsetup

Gold Price Forecast: XAU/USD Rises as Traders Reverse Course Gold faced a significant setback on Wednesday after breaking through the technical support range of $2,050-$2,045. Should gold linger below this threshold, sellers might gather momentum to drive prices towards the 50-day simple moving average around $2,010. Further weakness could pivot towards $1,990, followed by $1,975. In a scenario where sentiment favors buyers and XAU/USD initiates an upward trend, resistance will emerge around $2,045-$2,050. Surpassing this hurdle may pose a challenge for the bulls, but a successful breakthrough could pave the way for retesting the late December highs. Further strength could redirect focus towards the near all-time high around $2,150. Gold's recent movement indicates a delicate balance between buyer and seller sentiments, with key levels playing pivotal roles in determining the next directional move. Crossing resistance barriers will be crucial for renewed bullish momentum, while sustained weakness could reinforce the downward trend.
FOREXCOM:XAUUSD
by Larissa-Trader
XAUUSD: Go long first, then go short Gold has now returned to the 2066-2071 range again, with resistance at 2072-2079. The trade is long and then short. There is a high probability that today it will test 2063-2057. If there is news to match, it may drop to a lower position. Once again, I emphasize that during the transaction process, you must first ensure the safety of the account, especially the small capital account. Do not trade a large amount at one time. We can only talk about profits when the account safety is guaranteed, so that we can survive in the market for a long time. good luck!
FOREXCOM:XAUUSDShort
by Allen_Ex
Gold Poised to Break $2,100 Amidst Strong Technical TrendsFrom a short-term technical perspective, the price of gold continues to align with an upward trend amidst positive indicators. Gold has successfully breached the resistance level of the upward trend line at $2,080, although a daily close above this level is essential to extend the upward trend to an all-time high of $2,144. Gold buyers will encounter robust resistance levels at $2,100 and $2,120 beforehand. The 14-day Relative Strength Index (RSI) is pointing north along the midline, adding confidence to the latest uptrend. Any potential decline in gold prices could find initial support at the recent low of $2,061, below which adjustments may extend towards $2,050. The ultimate defensive line for gold buyers is envisaged at the 21-day Simple Moving Average (SMA) positioned at $2,035. In summary, gold's technical outlook remains bullish, with the need for a sustained break above $2,080 and subsequent challenges at $2,100 and $2,120. The RSI signals positive momentum, while potential corrections have support levels at $2,061 and $2,050, with the 21-day SMA acting as a final defense line at $2,035.
FXOPEN:XAUUSD
by JackieBrown1803
19
#XAUUSD: Gold can still shock all of us with a sudden move! Dear traders, As expected we are seeing some strange move within the market due to the low volume, based on our last chart price did fall but failed to continue the selling momentum and idea hit breakeven. In here, there are two possibilities that price can go first from sellers bias we think price still can drop from 2040$ area which will remain crucial, though, looking at how price moved throughout today. It shows bulls are still within the market and bullish momentum was significant. So it would not be surprising if price breakthrough 2060$ region once again. Please like and share!
OANDA:XAUUSD
by Setupsfx_
3
XAUUSD Imminent Shorts down towards 2035.000 or lowerThis week's gold forecast I will be looking for shorts to the downside as it has entered my 5hr POI that I have marked out previously. As of now I am expecting price to continue dropping towards the 2035 mark or possibly lower to take the trend line below it. As price has already distributed within my supply I will be looking to sell to target the liquidity below as well as a near by demand zone for me to then buy back up again. As price is going to start off really slow on Monday I will be anticipating this move to potentially happen later on the week. Confluences for Gold Sells are as follows: - Tapped into a 5hr supply zone that has caused CHOCH to the down side. - Wyckoff distribution has been formed and validated via a CHOCH on the 15min. - Lots of liquidity left below to target in the form of Asian lows and trend line liquidity. - Barely any reversal magnets above my POI which makes my setup more favourable for sells. - In order for price to keep going up it must come down to tap into some sort of demand level. - Rejection candle within our zone on the higher time frame reinforces that bullish pressure has now become exhausted. P.S. While my current confluences strongly favour this temporary short, we must acknowledge that the overall bias of this market is still heavily bullish. This suggests that it's advisable to secure our profits at a reasonable level before considering buy opportunities once more. If you found this post informative, don't forget to give it a like and share your thoughts in the comments below!
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD remains high, future moves from FED ? As expected, gold reacted with a sharp decline and as soon as it reached the 2047 resistance zone yesterday, the price fell 20 prices to a low of 2027 But currently there is not much difference in the pressure from buyers and sellers. Gold is likely to continue its sideways movement today and then move slightly higher before a new trend develops. Can be purchased at a short price of 5 to 10 points at a range of 203 times. We wish retailers an effective translation strategy. -ENTRY BUY: 2028-2033 (STOP: 2023) -Target date: 2045 ---------------------------------------------- Last night, the world's largest economy announced that its December consumer confidence index jumped to 110 points from 101 points in November, significantly higher than the 103 point estimate. US home sales also increased from 3.79 million square meters in October to 3.82 million square meters in November, well above expectations of 3.78 million square meters. The European Economic Area also announced that its consumer confidence index rose significantly from -16.9 points in November to -15.1 points in December, exceeding the previous estimate of -16.5 points. According to technical analysis, the consumer confidence index is a leading indicator that can predict consumer spending, which plays an important role in overall economic activity. Higher numbers indicate higher consumer optimism. This will help the manufacturing industry recover further. This information caused the US dollar to soar in the international payments basket. Specifically, the dollar index, which measures the dollar's strength in the international payments basket, reversed at 6:22 a.m. (Hanoi time) this morning, rising 0.23% to 102,400 points. Experts say investors have booked profits in gold after the past two uptrends as the economy showed positive signs and the US dollar price rose. SPDR, the world's largest gold trust, also sold a net 2.02 tonnes of gold in its last trade on December 20th. Experts warn that gold prices are under pressure from economic information from major countries. As more information continues to be revealed in the final week of December, investors should be careful about buying at high prices. With positive information, global gold prices could still remain below the $2,000/oz threshold.
OANDA:XAUUSDLong
by TheLeader_WOLF