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XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. XAUUSD is currently trading at around 2605 . We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago). Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play. Overall XAUUSD is still extremely bearish . We could see the following scenarios happen. Scenario 1: SELL from 2620 We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells. Scenario 2: SELL from 2633 A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level. Scenario 3: SELL from 2590 Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD. Personal opinion: The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends. KEY NOTES - XAUUSD is overall bearish. - XAUUSD sells are valid from key pullback areas 2620 and 2633. - XAUUSD breaks below 2590 would also confirm further sells. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
Gold Market Update: Imbalance Liquidation Targets $2620–$2580Gold continues to align with the imbalance liquidation between $2620 and $2580. The recent prominent support at $2605 is under pressure; if it fails to hold, further sweeps around $2619 could occur. The bearish momentum remains intact, aiming to secure weekly demands below the $2600 level.yall should stay cautious, hedge along, and prepare for potential volatility as the market seeks equilibrium. follow for more insights comment and boost idea
PEPPERSTONE:XAUUSDShort
by Ak_capitalist
Gold can decline to support level and then start to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price started to trades inside a downward wedge, where it at once rebounded from the resistance line and dropped to the resistance level, which coincided with the seller zone. Soon, Gold broke this level and even declined a little, after which backed up to the seller zone, but soon dropped from this area to the 2590 support level. Next, the price declined below this level to support line of the wedge and then started to grow from this line and soon rose higher than the 2590 level, breaking it again. Then Gold continued to grow and reached the seller zone, after which made correction movement. After this movement, the price some time trades near the support level and later backs up to the seller zone and even a little higher, reaching the resistance line of the wedge. Then price dropped from this line to the support level, breaking the 2690 level and when it reached the support level, the price little declined to the buyer zone, after which started to grow. Now, I expect that Gold can fall to support level one more time and then start to grow. For this case, I set my TP at 2660 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
4
Buy OpportunityObservations: Current Price: Around $28.825. Stop-Loss: $28.7218, just below the support level. Target Price: $29.3478, above a key resistance. Risk-Reward Ratio: 4.21, which indicates a favorable risk-to-reward setup. Volume Profile: A significant level of interest is visible at the price range between $28.80 and $28.90. Signal: Entry Point: Enter a long position at the current level, near $28.825, assuming confirmation of support. Stop-Loss: Place your stop-loss at $28.7218 to limit downside risk. Take Profit: Set your target at $29.3478 to capture the upward move. Additional Confirmation: Look for bullish candlestick patterns or higher volume around the support area. Consider the behavior of the moving averages (EMA) and ensure there’s no immediate downward pressure before entering.
TVC:SILVERLong
by GODOCM
4
Forecasting gold priceForecasting gold prices is a complex task, as it's influenced by a multitude of factors. Here's a breakdown of the key elements and some current forecasts: Factors Influencing Gold Prices: US Dollar: Gold is often priced in US dollars, so its value tends to move inversely to the dollar's strength. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand. Interest Rates: Rising interest rates can make holding gold less attractive, as it doesn't offer a yield like bonds or other interest-bearing assets. Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors may turn to gold to preserve their purchasing power. Geopolitical Uncertainty: Economic or political instability, such as wars or financial crises, can increase demand for gold as a safe haven asset. Supply and Demand: Physical demand for gold, including jewelry, industrial uses, and central bank purchases, also plays a role in price fluctuations. Current Forecasts: Trading Economics: Their global macro models and analysts expect gold to trade at $2,682.04 USD/t oz. by the end of the current quarter and $2,783.76 in 12 months. FXEmpire: They highlight that the US dollar's strength and the Federal Reserve's monetary policy are key factors currently limiting gold's upward momentum. They are closely watching the US PCE Price Index for inflation insights, which could significantly impact gold prices. Other Analysts: Some analysts suggest that geopolitical tensions and concerns over a potential US government shutdown could boost gold's safe-haven appeal. However, strong economic data could reinforce the Fed's policy stance and limit gold's upside. Important Considerations: Forecasts are not guarantees: These are just predictions based on current information and models. Unexpected events can significantly impact gold prices. Multiple factors at play: It's crucial to consider the interplay of various factors, rather than focusing on any single element. Stay updated: Keep an eye on economic data releases, central bank announcements, and geopolitical developments to stay informed about potential influences on gold prices. In conclusion, the outlook for gold is mixed, with both upward and downward pressures at play. The US dollar's strength and the Fed's monetary policy are key factors to watch, along with inflation data and geopolitical events. It's essential to stay informed and consider multiple perspectives when making any investment decisions related to gold.
TVC:GOLD
by ITManager_US
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows. On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs. Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up. From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility... Resistance levels: 2616, 2622 Support levels: 2589, 2581, 2560 Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
"Sell every High's on Gold"Technical analysis: Gold is displaying extreme durability as despite the Bearish pressure provided by the Technical necessity for the Lower High’s Lower zone extension, the parallel relief rally of DX and uptrend on Bond Yields, the Spot prices (Gold) was testing #2,582.80 - #2,592.80 Support zone throughout yesterday’s session, extending the range to #2,552.80 - #2,622.80 (Medium-term break-out levels). In addition to that, yesterday’s session High’s bounced exactly on the pressure point which is a sign that Bearish full scale reversal might not be far away, but will be surely postponed if today’s #2,611.80 - #2,613.80 Short-term Resistance cluster gives away and result as an #10 - #15 point recovery Intra-day. Daily chart remains an healthy Descending Channel but at the same time, Weekly chart (#1W) is on Negative gradient so only a new Higher High's Lower zone extension test can restore the Short-term Bullish sentiment (#2,622.80 or above towards #2,627.80 - #2,632.80). As I have closed all my my Selling order, I assume no new orders for the moment. My position: The Trade remains "Sell every High's on Gold" and remember as long as DX is Trading on upside numbers, recovery on Gold will remain very limited. I will either re-Sell Gold now with #2,582.80 Target, or await one of my upside re-Sell areas to re-Sell Gold towards Lower levels. I am looking at #2,552.80 benchmark test initially as I expect Gold to remain pressured on both Intra-day and Short-term basis.
OANDA:XAUUSDShort
by goldenBear88
2
"Sell every High's on Gold"Technical analysis: Gold is displaying extreme durability as despite the Bearish pressure provided by the Technical necessity for the Lower High’s Lower zone extension, the parallel relief rally of DX and uptrend on Bond Yields, the Spot prices (Gold) was testing #2,582.80 - #2,592.80 Support zone throughout yesterday’s session, extending the range to #2,552.80 - #2,622.80 (Medium-term break-out levels). In addition to that, yesterday’s session High’s bounced exactly on the pressure point which is a sign that Bearish full scale reversal might not be far away, but will be surely postponed if today’s #2,611.80 - #2,613.80 Short-term Resistance cluster gives away and result as an #10 - #15 point recovery Intra-day. Daily chart remains an healthy Descending Channel but at the same time, Weekly chart (#1W) is on Negative gradient so only a new Higher High's Lower zone extension test can restore the Short-term Bullish sentiment (#2,622.80 or above towards #2,627.80 - #2,632.80). As I have closed all my my Selling order, I assume no new orders for the moment. My position: The Trade remains "Sell every High's on Gold" and remember as long as DX is Trading on upside numbers, recovery on Gold will remain very limited. I will either re-Sell Gold now with #2,582.80 Target, or await one of my upside re-Sell areas to re-Sell Gold towards Lower levels. I am looking at #2,552.80 benchmark test initially as I expect Gold to remain pressured on both Intra-day and Short-term basis.
TVC:GOLDShort
by goldenBear88
GOLD - Price can start to decline, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level. Then price continued to decline and later fell to $2535 points, after which XAU started to grow. Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part. After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time. But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level. Now, I think that Gold can make a small move up and then start to decline to $2540 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
Don’t worry when buying gold at the bottom The Fed's interest rate decision on Wednesday and Powell's subsequent speech, although the interest rate was cut by 25 basis points as expected, its "hawkish" tone had a significant impact on the price of gold. The Fed lowered its expectations for future easing policies, predicting only two interest rate cuts of 25 basis points in 2025, lower than the previous forecast. This shows that the Fed is more concerned about inflation risks and remains cautious about economic growth. This policy shift resonates with strong US economic data, further strengthening the market's expectations for the Fed's future policies. The final value of US GDP in the third quarter was revised up to 3.1%, higher than expected, and the number of initial jobless claims also fell sharply, showing that the labor market is still strong. These data show that the resilience of the US economy is stronger than expected, providing support for the Fed to maintain a relatively tight monetary policy. For the gold market, the Fed's "hawkish" stance has put significant pressure on gold prices. As a non-interest-bearing asset, gold's price is negatively correlated with interest rates. A low interest rate environment is usually good for gold because it reduces the opportunity cost of holding gold. However, the Fed has hinted at a slower pace of rate cuts, or even a pause, raising the opportunity cost of holding gold, dampening demand for the metal. The strengthening of the U.S. dollar index has also had a negative impact on gold prices denominated in U.S. dollars. The market is currently divided over expectations for inflation. While recent inflation data has retreated, it is still above the Fed’s target level. Fed officials have also expressed concerns about persistently high inflation. The upcoming core PCE data (the Fed’s preferred inflation indicator) will be the focus of market attention, and the results will have an important impact on gold prices. If the data shows persistently high inflation, it could push up gold prices; otherwise, it could put further pressure on gold prices. While the Russia-Ukraine conflict is still ongoing, the market has adapted to its impact on the global economy and financial markets. Recently, some geopolitical events have had a relatively short-lived and limited impact on gold prices. Market sentiment plays an important role in gold price fluctuations. Recent stock market volatility reflects investors’ concerns about the outlook for global economic growth, which could boost demand for gold as a safe-haven asset. However, strong economic data and the Fed's "hawkish" stance have eased market concerns about risky assets to a certain extent, weakening the safe-haven function of gold. 1 The Fed hinted that it will slow down the pace of interest rate cuts in the future, which will put some pressure on gold. 2 The speed of global economic growth will affect investors' preference for risky assets, weakening the safe-haven function of gold. 3 The current 1-hour downward trend of gold is clear. In summary, the current short-term trend of gold is weak. Today, investors are paying attention to the pressure area of ​​the 1-hour downward trend line above, and gold will be shorted after adjustment under pressure.
FOREXCOM:XAUUSDShort
by Yuliya1l11
1
XAU/USD 20 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!! ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED) Analysis/Intraday expectation remains the same as analysis dated 16 December 2024. Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase. Price Action Analysis: Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity, for two possible reasons. 1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high. 2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855. Intraday Expectation: Intraday expectation and alternative scenario as per points 1 and 2. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!! ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED) Analysis/bias remains the same as yesterday's analysis dated 19 December 2024. Price Action Analysis: Yesterday's analysis played out as expected with price targeting weak internal low, printing a bearish iBOS. Price has printed a bullish CHoCH, indicating, but not confirming bullish pullback phase initiation. We are now trading within an established internal range. Intraday Expectation: Price is currently trading at premium of internal 50% EQ where we could see a reaction. Price could potentially trade up to M15 supply level before targeting weak internal low priced at 2,583.915 Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
Lingrid | GOLD Post-FED Shakeup. Possible Bearish OpportunityThe price perfectly fulfilled my previous idea. It hit the TP. OANDA:XAUUSD made a sharp decline after FED rate decision and FOMC. The price broke and closed below the lows of the past three weeks, which could lead to a fake breakout, so we should closely monitor the price action. Additionally, it broke and closed below the trendline that had supported the price for over a month. I think the market may gradually move down toward last month's low by the end of the year. With high-impact news coming today, there is potential for unexpected moves. Overall, I expect the market to bounce off the upward trendline and the resistance zone around 2640-2650, followed by another bearish move. My goal is support zone around 2570 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
20
Gold: Multi Tie FrameHello Traders In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level. In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to this area for the third time also shows the buyers' insistence. If the price can stabilize below 2532.800, the likelihood of further decline increases. Conversely, if the price cannot break through the green zone, we predict an upward movement to 2606.200. At the same time, we anticipate a slow downward trend and fluctuations to around 2568 in the coming days.
OANDA:XAUUSDShort
by AliSignals
Bearish drop off pullbacksupport?WTI oil (XTI/USD) has reacted off the pivot and could srop to the 1st support which acts as a pullback support. Pivot: 69.65 1st Support: 68.56 1st Resistance: 70.71 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDShort
by ICmarkets
1
Back Up The TruckSome believe gold has finished it's bull run, old hat from the late 70's folks say they have seen this before and calling a crash. The Oct/Nov highs were ripe for a correction only, a wave four sideways triangle. This building structure has perhaps only a matter of days before breaking out, buy at today's support or wait for the upper breakout for confirmation. The coming wave five breakout will be strong, could coincide with geopolitical events. Upside in precious metals has much much further to go, the current stage is only folks getting interested...the coming chaos by design will usher in a stampede. There is insufficient PM's right now for delivery should holders request their holdings. Your opportunity to purchase PM's now, will prove prudent and wise. Appreciate a thumbs up, good trading and God Bless you all!
CAPITALCOM:GOLDLong
by Fractal777
1
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDLong
by syomking76418