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.
Xauusdsignal
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 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.
Comprehensive analysis and trading strategies for goldCombined with the hourly chart trend, it can be seen that the gold trend was repeatedly pulled and fluctuated during the Asian session on Monday and Tuesday, indicating that the sentiment in the Asian session was very cautious. However, once it came to the European and American sessions, the market speculated on risk aversion in a disorderly manner, resulting in the market continuing to rise abnormally. The unconventional technical trend requires that this trend rhythm is very difficult to judge, because the risk aversion sentiment is indeed impossible to track and quantify. Today, gold opened higher again. It is obvious that the sentiment in the Asian session is no longer cautious and has become emotional, which will increase the uncertainty risk in the short term. The risk of fundamental changes during the European and American sessions today has increased. In addition, the US CPI number will be released tonight, and the short-term rising channel of gold on the hourly chart has also reached the end. Therefore, it is necessary to guard against the risks brought by the shift in the market focus today.
In terms of operations, given that the market is disorderly taking advantage of the geopolitical situation to speculate on risk aversion, market sentiment is very irrational, and with the release of the US CPI data tonight, we must also prevent the market focus from shifting from risk aversion to the impact of the Federal Reserve's interest rate policy. Therefore, gold still retains the risk of falling under pressure at any time during the day, but under the influence of emotions, it is difficult to judge how much it can rise. On the upside, we can pay attention to the pressure near 2710-2720, and on the downside, we can pay attention to the support retracement of 2690-2685 and 2677-2675.
XAUUSD potential buy signalHere is our signal on XAUUSD . Potential long opportunity.
As the price on XAUUSD has broken the long-term consolidation at 2666 , we could potentially see more upside on gold if we manage to stay above 2660 . Our entry is sitting at 2667 with SL (Stop Loss) sitting below the 2660 area at 2656.700 . Our TP (Take Profit) is sitting at the next KL (Key Level) at 2685 .
PARAMETERS
- Entry: 2667
- SL: 2656.700
- TP: 2685.000
KEY NOTES
- XAUUSD broke the consolidation area.
- Staying above 2660 would confirm our buys.
Happy trading!
FxPocket
XAUUSD Gold Trade Idea👀👉 XAUUSD Gold has rallied, evidenced by this break in market structure on the four-hour timeframe. I’m monitoring for a potential buying opportunity on a retracement, as outlined on the chart. Please remember, my analyses are purely educational and should not be considered financial advice. 📉✅
XAU ! Scalping ! Buy according to the main short-term trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside.
⭐️Personal comments NOVA:
Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalping
TP1: $2665
TP2: $2678
TP3: $2688
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold- Towards target after confirmation?In yesterday's post, I highlighted the high probability of an upward breakout above the 2655–2660 resistance zone. As anticipated, XAU/USD successfully broke through this key level, confirming its importance.
Following the breakout, the price reached a high near 2675 before undergoing a normal correction. This pullback was healthy for the trend, as it retested and confirmed the previously broken resistance zone (2655–2660) as new support. This successful retest reinforces the strength of the bullish momentum.
Looking ahead, my outlook remains optimistic. I anticipate a new leg higher, with the price likely targeting the 2685 resistance zone. I will maintain my bullish stance as long as the 2660 area holds firm as support. My preferred strategy is to "buy the dips," taking advantage of pullbacks within the broader uptrend.
XAUUSD Gold gathers bullish momentum and trades above $2,650 on Monday. News of China planning to inject further stimulus into the economy boosts XAU/USD as investors gear up for this week's key data releases and central bank meetingsFrom a technical perspective, any further strength above the $2,648-2,650 supply zone is likely to confront some resistance near the $2,666 region. Some follow-through buying beyond the $2,672 hurdle will be seen as a key trigger for bulls and allow the Gold price to aim to reclaim the $2,700 round figure. The momentum could extend further towards the next relevant hurdle near the $2,722 area.
On the flip side, weakness below the $2,630 immediate support could drag the Gold price back towards the $2,614-2,613 area. This is followed by the $2,605-2,600 support zone and the 100-day Simple Moving Average (SMA), around the $2,586-2,585 region. A convincing break below the latter should pave the way for deeper losses and expose the November swing low, around the $2,537-2,536 area.
Gold is Ready to Pump, Ready!?Gold ( OANDA:XAUUSD ) is currently moving in the Resistance zone($2,667-$2,653) and has managed to break the upper line of the Descending Channel .
In terms of Elliott wave theory , Gold completed the Double Three Correction waves as I expected , and I am also waiting for the Resistance zone($2,667-$2,653) to break with the break of the upper line of the descending channel .
I expect Gold to rise to at least $2,679 after breaking the Resistance zone($2,667-$2,653), and the next target is the width of the descending channel (broken).
⚠️Note: If Gold goes below $2,636, we can expect a further decrease in Gold.⚠️
🔔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- 2655-2660 zone remains key for bulls on medium-termLast week's price action was mostly range-bound, characterized by sharp spikes in both directions but lacking a clear trend—challenging conditions for medium-term swing traders.
In my last two posts, I shared a moderately bullish bias and even managed a sniper entry at the NFP low. However, Gold failed to sustain upward momentum, so I opted to close the trade with a modest 100-pip profit.
Looking at the bigger picture, bulls have shown resilience around the 2620 level. Even last night’s losses were quickly reversed after the market opened, which is another encouraging sign for bullish momentum.
That said, a critical resistance level around 2655 continues to cap any medium-term uptrend. For a more substantial move—potentially 400-500 pips—this resistance must be decisively broken .
I maintain my bullish outlook and will look to enter on dips. If and when the price breaks above the 2655 resistance level, I plan to double my position to capitalize on the potential upside.
However, a daily close below 2620 would invalidate this scenario and prompt me to reassess my strategy.
Bulls are strong - XAU market recovers⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
China’s gold reserves grew by 160,000 ounces in November, reaching 72.96 million ounces, up from 72.80 million ounces. This development has raised hopes for further gains in gold prices and is expected to support demand for the precious metal.
Meanwhile, Friday's Nonfarm Payrolls (NFP) report revealed that the US economy created 227,000 new jobs in November, surpassing the forecasted increase of 200,000.
⭐️Personal comments NOVA:
After breaking the sideway price range, gold price recovered well. Moving with the H1 Uptrend, the price range 2688, 2700 is the target resistance area.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2687 - $2689 SL $2694
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2656 - $2654 SL $2649
TP1: $2665
TP2: $2678
TP3: $2687
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold Breaks Key Resistance Bullish Momentum Expected to ContinueSpot gold continues to extend yesterday’s bullish momentum, driven by a combination of factors, including growing concerns over global geopolitical tensions, an increased demand for safe-haven assets, and market expectations of potential rate cuts from the Federal Reserve. These fundamental factors have provided strong support for gold prices.
From a technical perspective, spot gold has successfully broken above and closed above the key resistance level of $2660. This breakout has provided fresh momentum for bulls, and indicators on the daily chart, such as the RSI and MACD, show positive upward momentum, suggesting gold could continue to test the $2700 mark in the near term.
Today’s Strategy:
Long Position on Pullback: Consider entering long positions if gold retraces to the 2665-2670 region, capitalizing on the current bullish momentum. If prices break and hold above $2700, further upward movement is likely.
Risk Management: Given the high volatility in the gold market, it is essential to implement strict stop-loss orders to protect against sharp price fluctuations due to unforeseen events.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management in place and avoid over-leveraging.
Targeting 2687 After Solid GainsToday, after buying near 2658, we reached our target of 2666-2673 and made a good profit. The market then pulled back, releasing some selling pressure before returning to around 2670. We still need to watch the resistance at 2673. Based on the current trend, it looks likely to break. Therefore, the next target could be higher, ideally 2687. If the selling pressure is too strong, once the price hits 2680, it's a good point to close the position.