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Gold next possible move Hi traders what is your opinion on gold,according to my view gold is very near turning point,it's already touch my support zone once and 8 believe it might touch it again before it climbs,don't be surprised abt fundamental that occurs Thursday it's how the systems works fed cut the rate by 25 bps on Thursday and that decision slow down the rally that was running for atleast 2 days but that doesn't mean the trend changes cz of that giant sell no upsolutely not,market still going to m0ve higher this coming week however for gold it's still under pressure as USD is very much stronger soo,expect slow growth in gold not faster but January 21 gold momentum will kick in again for rally thank you.
PEPPERSTONE:XAUUSDLong
by mulaudzimpho
Its Christmas so we buy Gold XAUUSD LongSold off last week after the FOMC announcements, Price took the buyside liquidity generated during the months early consolidation period and found support at 2584. This now forms the major low of the month but continued the upward macro trend as it was a HL than that formed in November. Beautiful bounce from the sell off as price made up majority of the move during the following 8hrs. As per usual but not every time the FED speaks. The close last week coincided with the quarterly flip which acted as resistance at the close. My Bias is Long with a resistance at 2727 and once breached, price can break out to the top side with targets of 2650, 2664, 2675. Initial support is 2717, if broken could send price lower. 2605 and 2587 levels to watch. Quarterly flip is 26632. Monthly flip is 2650. Merry Christmas everyone.
ICMARKETS:XAUUSDLong
by PLaceUrBetsPlease
XAUUSDGOLD is trading around 2,602. bouncing off the low of 2,582. Now the price is above 2,600 which means it could continue. Gold is trading around 2,602. Bouncing off the low of 2,582. Now the price is above 2,600 which means it could continue its rise in the next few hours and reach the 21 SMA around 2,645. Technically, XAU/USD is below the key pivot point located at 2,656 which means that it could reach the 200 EMA located at 2,512 in the short term and even reach the psychological level of $2,500. Our outlook is bearish, so we will look for opportunities to sell below 2,590. Besides, in case it bounces back to 4/8 Murray, it will be seen as an opportunity to sell. Technically, we can see that gold has reached oversold levels on the 4H chart. The gap left at 2,562 remains to be covered. All this means that gold could make a strong fall and then make a sustained technical rebound. Our trading plan for the next few hours is to sell gold if it falls below 2,590 or buy above 2,600 with targets at 2,645 and 2,656.
CAPITALCOM:GOLDShort
by Sarim-Trader
XAUUSD 4H Analysis: Range-Bound Dynamics and Key Setups for WeekInstrument: XAUUSD Timeframe: 4H Market Context 🌐 - XAUUSD continues to trade within a medium-term range established on November 14. - This week opened near the middle of the range following last week’s bearish reversal, with price continuing to face downward pressure. Key Observations 🕵️‍♂️ Weekly Open Dynamics: - Price opened near 2650 (weekly open), testing the highs before printing a Short-Term High (STH) with a strong bearish engulfing pattern on Monday. Midweek Breakdown: - Price consolidated above 2650 before breaking down during Tuesday's London session, closing below the recent Short-Term Low (STL). - A slight retracement occurred into the breakdown zone, followed by continued bearish momentum. Wednesday Expansion: - A bearish expansion broke below the Long-Term Low (2605) at 5:00 AM, creating a significant move. Price stayed within this expansion range until the weekly close near 2625. Learnings 📚 - Shorts above 2650 targeting below 2600 were the optimal play this week. - Consolidation at key levels (e.g., 2650) provided clear clues for directional moves. - The midweek expansion highlighted the importance of monitoring price action near round numbers and reacting to high-impact news events. Next Steps 🚀 Monitor Key Price Action Patterns: - Focus on consolidations near significant round numbers like 2650. - Watch for breakdowns followed by retracements into prior zones before continuation. Integrate This Week’s Insights: - Apply observations from this week’s price behavior: - Early-week consolidation above 2650 before the breakdown. - Midweek expansion below 2600 followed by profit-taking into the weekend. Plan Around High-Impact News: - Use the economic calendar to anticipate volatility and key moves. - Develop strategies to capitalize on post-news directional shifts, particularly during major announcements like Core PCE and FOMC events. News Recap 📰 - Monday: Flash PMI readings. - Wednesday: FOMC rate decision, projections, and press conference. - Friday: Core PCE Price Index (0.1%) and UoM Consumer Sentiment (74.0). Let’s carry forward these lessons to approach next week with clarity, focus, and discipline.#XAUUSD #Gold #TechnicalAnalysis #PriceAction #Trading
OANDA:XAUUSD
by PipsnPaper
Drill baby, drill - oil price to follow down underground?Predicting the price of oil is risky business.. So many factors at play, and so many factors out of anyone’s control, influenced by world events and the actions of unpredictable players. So do your own research, base your decisions on your beliefs. Here’s my two cents. The US president elect has stated he will open the wells on drilling, fracking and anything else that can produce oil. Increased supply - reduced price. Tension between Iran and Israel will likely soften, in the way that Iran will think twice about retaliating the Israeli attack now that a more direct person is at the wheel in the US. That being said, his takeover is still a few months away, but the sitting President has now nothing to lose. And, we are heading into winter, with reduced gasoline demand. The attached chart shows a horizontal channel, however I don’t think that is relevant in this situation. World events take the driving seat, and I believe oil price will decent going forward.
CAPITALCOM:OIL_CRUDEShort
by WeRideAtDawn
Flag Patterns and VolatilityI am noticing a sequence of repeating patterns in the Vast Volatility Treasure trove indicator, which is by far my favorite volatility indicator i have ever seen, shows various calculations of historical and implied volatility, all sorts of models are represented here and I do not know much about many of them, I have simply been an observer of HV10-90d vs IV 30-90d and I have found this VVTT study to replicate that well. Moving on, I also trade mainly off of flag patterns and wedge patterns. Here I notice how HV and IV were both elevated in the last drop, but Friday's 1h chart seems to show the beginning of a bullish flag consolidation pattern. The Volatility supports this because the dark blue and light green lines represent HV and the more deep colors represent IV. The HV has risen as it did when we sold off, but only halfway as much, and the IV has also expanded and risen a bit in the sell off at the end of Friday session, but not as much as it had before in the last selloff and there isn't room or time for it to do so as it had before, so what is more likely is that volatility will fall and as the bullish flag becomes more and more clear on others charts across the markets, I believe there is a chance of ES hitting 7k before the market tops out for the year.
CME_MINI:ES1!Long
by StrawberryBlondie2
2025 Gameplan Dow Jones 20% Correction Into Monthly UptrendMy gameplan going into the new year is to watch for the formation of the topping process into that rising wedge for the 20% correction back down into the monthly uptrend. After December 23' broke out and the whole of 2024, it will pullback to the 50% area of 37,000. This lines up nicely with the Long term Monthly trend and the November 2023 monthly candle. The ramped volume is ripe for a stop hunt through because it is suspended above actual support. The next higher low in the Dow's trend is back down in the 37,000 area after the entire 2024 year gets taken out.
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro
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