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XAUUSD: Bullish trend intact. Cycle target 3,100Gold may just be neutral on its 1D technical outlook (RSI = 45.126, MACD = -15.410, ADX = 31.343) due to the December's consolidation but on the 1M timeframe the Channel Up is very much intact and is immitating that of 2019 so far. Basically since late 2020, Gold has been replicating the post-2016 Cycle, which started with a 3 year accumulation period that led to the 2019-2020 Channel Up. This topped on the 3.0 Fibonacci extension. This is enough for us to keep us bullish (TP = 3,100). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
Will China's Game Redefine The Global Copper Paradigm?In the dynamic landscape of global commodities, copper emerges as a fascinating case study of economic interconnectedness and strategic policymaking. Recent developments have seen prices climb to $8,971.50 per metric ton, driven by China's bold $411 billion treasury bond initiative – a move that could reshape the metal's trajectory in international markets. This price movement, however, tells only part of a more complex story that challenges conventional market wisdom. The interplay between supply fundamentals and geopolitical forces creates an intriguing narrative. While physical demand remains robust and Chinese inventories run low, the market grapples with a 19% decline from its May peak, highlighting the delicate balance between immediate market dynamics and broader economic forces. This tension is further amplified by the looming influence of potential U.S. trade policies under President-elect Trump's administration, adding another layer of complexity to an already multifaceted market equation. Perhaps most compelling is the transformation of copper's role in the global economy. As traditional demand drivers like property construction show weakness, the metal's crucial position in the green energy transition offers a new frontier of opportunity. With electric vehicle sales continuing to break records and renewable energy infrastructure expanding, copper stands at the crossroads of old and new economic paradigms. This evolution, coupled with China's strategic stimulus measures and the market's response to supply-side developments, suggests that copper's story in 2025 and beyond will be one of adaptation, resilience, and strategic importance in the global economic landscape.
COMEX:HG1!Long
by UDIS_View
XAU/USD (Gold) Trendline BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Trendline pattern. This suggests a shift in momentum towards the upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2663 2nd Support – 2689 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
5
XAUUSD BUY ANALYSIS (READ CAPTION)hello my fellow traders! what do you think about gold today. current gold price: 2603 bulls are back and now gold is about to hit 2645 which is our demand zone. after rejecting 2582 twice market has established a strong bullish trend. from this position market's first target will be to break 2626 resistance and if market successfully breakout this zone then its next target will be 2645. key points: resistance: 2626, 2638 supporting area: 2595, 2618 Note: First Target: 2625 Second Target: 2645 Stop Loss: 2582 kindly like, comment and follow for latest updates on gold. thanks for your precious time and support.
FXOPEN:XAUUSDLong
by Ibrahim_Gold_Traders
27
2024-12-23 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. We stayed below Friday’s high but bulls had a really bullish close. Until they get a strong move above 6050, I lean neutral. Above 6050 there is no more resistance until 6100. Bears something below 5965 but for now they could be very happy with any daily close below 6000. current market cycle: trading range key levels: 5950 - 6050 bull case: Very strong close by the bulls. Year end rally is on if they get follow through above 6050 tomorrow. A measured move up from Friday’s rally would bring us 6230+. For now we have a clear bull wedge which leads perfectly to 6100 tomorrow. Invalidation is below 5800. bear case: Bears did ok until the breakout above 6030. Now they have a do or die moment again to keep the market below 6050 or they need to cover because market could go all the way up to 6200 or higher. Invalidation is above 6050. short term: Neutral. Very bullish close but bulls need follow through above 6050 tomorrow. If they get it, we probably won’t stop until 6100 or higher. Market is in balance around 6000. medium-long term - Update from 2024-12-22: Ultimately 5200-5300 in 2025. Again, rough guess as of now and since we have not seen a strong first bear leg, these targets are the lowest I am willing to give an honest outlook about. If bears surprise and we see a huge leg down to 5500, we will go much lower for the second and third leg. current swing trade: Nope trade of the day: Selling 6030 before EU open and buying 5985 because of the head & shoulders bottom (head was the low 5965) after US open on the 5m tf.
CME_MINI:MES1!
by priceactiontds
1
XAUUSD BUY NOW (READ CAPTION)Today December 24,2024 the technical analysis of gold Against the us dollar regarding a potential buy opportunity . Technical analysis : .Resistance Level: Analysts identify key resistance at 2633 ,A breaks above this level could go further upward movement up to 2645-2660. .Support Levels : Support is noted around 2600-2590. Technical analysis indicates a Bullish trend for Gold , must share your ideas about my chart ,Like ,comment, and follow for more accurate updates and insights .
OANDA:XAUUSDLong
by ALLEYPROFESSIONALS
Gold at a Crossroads: Key Correction to Avert Deeper DeclineXAUUSD Analysis: Navigating a Complex Gold Market Amid Volatility The XAUUSD pair is currently navigating a critical juncture as it tests key zones of interest within an ongoing counter-trend correction. This comes after successfully breaching a significant resistance level earlier. However, the broader market landscape remains challenging, with bearish sentiment taking the forefront. Fundamental Overview The downward pressure on gold is largely driven by a combination of factors, primarily stemming from the Federal Reserve's hawkish stance. Persistent concerns about inflation, the uncertain trajectory of Trump's future policy, and mixed economic data from the past two weeks have all contributed to a negative outlook for the yellow metal. One critical point to note is the speculation surrounding the Federal Reserve's approach to monetary policy in 2025. The cycle of interest rate cuts, initially expected to be more aggressive, now appears to be slowing, with projections indicating only two potential cuts for the year. This cautious stance has diminished gold's appeal as a safe-haven asset, adding to the bearish tone in the market. The correction observed on Friday was largely influenced by the release of PCE (Personal Consumption Expenditures) data, which acted as a temporary catalyst for price movement. However, this correction does not appear sufficient to alter the broader bearish narrative. As the year draws to a close, liquidity in the markets is expected to decline further. This seasonal trend could exacerbate volatility, particularly if assets become mispriced in thinner trading conditions. Traders are advised to exercise heightened caution during this period. Despite the prevailing bearish sentiment, it is essential to acknowledge the ongoing geopolitical risks that continue to underpin the gold market. Escalating tensions in the Middle East and Eastern Europe have provided a degree of support, acting as a counterbalance to the otherwise negative fundamental backdrop. Technical Analysis From a technical perspective, gold appears to be forming a flag pattern following its recent sharp decline. The price is currently trading within the boundaries of this consolidation pattern. For traders, the critical focus should be on the local channel's support and resistance levels, as they will likely dictate the next significant price movement. Resistance Levels: 2620: A pivotal level where bearish momentum could intensify if broken and defended by sellers. 2631: Secondary resistance that could act as a hurdle for any upward attempt. 2640-2650: This zone could serve as a testing ground if the price attempts to break above the channel resistance. Support Levels: 2606: Immediate support level that may provide short-term stability. 2560: A deeper support level, which, if breached, could signal a more substantial downside move. The 2620 level deserves particular attention. Should sellers manage to push the price below this threshold and maintain control, it could significantly amplify bearish pressure, potentially triggering a more pronounced price drop. Conversely, the possibility of a breakout above the flag pattern's resistance cannot be entirely dismissed. In such a scenario, the price might retest the 2640-2650 zone before resuming its downward trajectory. Market Outlook and Final Thoughts As we approach the final stretch of the year, market participants should prepare for heightened volatility fueled by reduced liquidity. Mispriced assets during this period could lead to unexpected price swings, making risk management a top priority. While the bearish narrative remains dominant, traders should remain vigilant for any developments that could shift the balance of power, including geopolitical escalations or unexpected shifts in monetary policy. In summary, the gold market presents a complex mix of technical setups and fundamental drivers. Navigating this environment requires a careful balance of short-term tactical positioning and a broader understanding of the macroeconomic landscape. Keep an eye on key levels and stay prepared for potential surprises in this volatile market.
OANDA:XAUUSDShort
by lonelyPlayer0
Today's gold price analysis: Return to the 2630-2680 rangeToday's gold price analysis: Return to the 2630-2680 range Predicting gold prices is like predicting the weather - it's just that the weather is less often wrong! '" Williams' gold weather forecast: Straight lines belong to humans, curves belong to God As shown in the figure: We have been waiting for an optimal fluctuation range from yesterday to now: 2630-2680 Once the gold price returns to the middle area, the 2630-2680 range will be the easiest range for all traders to make money. Whether you are long or short in this range, as long as you can hold it patiently, you may make money from it. The adjustment period of this range is estimated to be about 1 week. Why do you say that? It's like a pregnant woman who doesn't go through ten months of stable pregnancy. How can you give birth to a healthy child during this period? If the current gold price wants to explode into a new round of sharp decline or surge, it needs such a pregnancy period. To accumulate energy. Then the repeated fluctuations in the 2630-2680 range are the best gestation period. So, in the short term I insist that the gold price will still return, because the 2630-2680 range is the best choice for all possible future trends. If you also like and approve of my article, I sincerely hope to get your feedback and comments. I will reply one by one and send my sincere blessings and thanks.
OANDA:XAUUSD
by Brad_Williams
GOLD → Short to Medium-Term OutlookDear Traders, Ben here! Recently, gold has been struggling to sustain its peak at $2,633. The bullish momentum for gold has been hindered by several factors, including the Fed's anticipated slowdown in the pace of interest rate cuts moving forward. On the 1H chart, although the uptrend remains supported and the parallel channel has been broken, there are signs of a potential top forming around $2,633. The current support level stands at approximately $2,618. Should this level be breached, it could drive gold into a deeper decline, potentially reaching $2,603.
OANDA:XAUUSDShort
by Bentradegold
2
12.24.2024 GOLD Logic Analysis + Opportunity AnalysisHello traders, Everyone must be clear that there are multiple factors causing tight liquidity at the end of 2024 1. Special Timing Factors - US markets traditionally have lower liquidity during Christmas to New Year period - Financial institutions' year-end settlements and balance sheet adjustments - Traders' holiday breaks naturally lead to decreased trading volume 2. US Government's Debt Issuance Pressure - Scale: Treasury auctions exceeding $70 billion - Timing: During the lowest liquidity period - Distribution of Types: - 2-year Treasury bonds - 5-year Treasury bonds - 7-year Treasury bonds - Impact: Will further drain dollar liquidity from the market 3. Federal Reserve's Response Measures Fed's current Standing Repo Facility (SRF) (temporary liquidity operations) characteristics: - Time window: 12/30/2024 - 1/3/2025 - Scale: $500 billion daily - Nature: Temporary liquidity support - Operation method: Overnight repo Interpretation of Fed's SRF policy implications: - Only covers the most critical days around year-end - Shows Fed's vigilance against market volatility 4. Risk Warnings: Liquidity Risk + Thin Holiday Trading - Market volatility may increase - Asset prices may fluctuate - Trading costs may rise - Year-end cross-year trading requires caution Last week's group reminder: Gold short-selling plan, short targets were: TP1: 2648 achieved, manage positions and trailing stops TP2: 2618 first target for new positions, consider entry timing on Thursday after Fed meeting TP3: 2575 not yet reached Friday's group reminder: Not advisable to enter new positions, continue managing stops and position sizes for existing short positions. This week, due to Christmas holidays, liquidity is low, not recommended to open new positions. Continue managing stops and positions for last week's short positions, ultimate profit target remains at 2575, but if stop losses are triggered unexpectedly, exit and observe, waiting for the next opportunity. Technically, on the 4-hour chart, gold's retracement has reached the first structural position (STRUCTURE 1) at FIBO 382 level in the 2930-2940 area. Watch the resistance force when price reaches this position, observe for new 1-hour reversal signals for potential continued downward movement in gold. GOOD LUCK! Merry Xmas! LESS IS MORE!
OANDA:XAUUSDShort
by FUNTRADER-Vera
World gold prices slightly decreased as the USD increasedHowever, the precious metal is under some pressure as the dollar index rose sharply and US Treasury yields rose slightly. The Conference Board reported on Monday that its US consumer confidence index fell to 104.7, down from a revised 112.8 in November. The reading was weaker than expected, with economists predicting the index would be largely unchanged. “Expectations that consumer confidence would continue to recover were not realized in December, as the index fell back to its two-year average,” said Dana Peterson, chief economist at the Conference Board. Gold is struggling to find its way amid the holiday lull, said James Hyerczyk, an analyst at FX Empire. “The Federal Reserve’s hawkish stance and forecast of fewer rate cuts in 2025 are keeping gold under pressure. The precious metal will face key support tests during the holiday week
OANDA:XAUUSDShort
by FalCol_TradingMaster
Closing my order with Profit / #107 Profits rowAs discussed throughout my yesterday's session commentary: "Technical analysis: No changes so far on the Daily perspective (Gold is Trading within my model) as today’s session E.U. opening didn’t delivered any significant move towards any Buying or Selling pressure point /confirmation, even though Fundamental numbers throughout Friday’s session met the forecast and delivered relief for Gold Buyers, DX on a Fundamental surprise, delivered full bodied green candle. The Price-action remains Neutral above the Hourly 4 chart’s Support zone of #2,622.80 - #2,627.80 and below the #2,638.80 - #2,642.80 Resistance zone fractal so use mentioned zones as your Intra-day pointers. It is Natural that Price-action found both Sellers and Buyers as RSI hit the Neutral zone, and with the absence of macro-economic catalysts, strong Volatility is expected, and don’t be surprised if you see thin Volume throughout today’s session. As the market is waiting for a catalyst, I see no alternative under such a Neutral setting but to maintain my breakout strategy and watching closely DX, to carefully issue my next move. If however #2,645.80 breaks, Price-action will be calling for upside extension, where #2,622.80 break can open doors for #2,600.80 benchmark and #2,592.80 configuration sequence. Otherwise, Volatility will be on the main stage. I do believe Selling pressure is still present on market so take that into consideration prior to positioning." I have closed my Selling order (#2,628.80 - #2,611.80) on a fine #17-point Profit extending my results range to #107 Profits and #21 Stop-loss hits regarding December #2023 - December #2024 cycle along with pre and post Fed Profits I have made. Well done for Traders who followed my calls. My position: I expect Gold to remain heavily pressured and only #2,642.80 - #2,652.80 break-out restores Bullish Short-term trend / soaring hopes. Anything below, I will continue to re-Sell Gold on my re-Sell points. Keep in mind that Volume may be decreased due holiday throughout tomorrow's session.
TVC:GOLDShort
by goldenBear88