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Gold Spot (XAUUSD) 4H Chart AnalysisOur Preference Double Top Formation The 4-hour chart of Gold Spot (XAUUSD) shows a classic double top pattern, indicating a potential bearish reversal. The resistance at the double top is marked clearly around the 2629 level. Key Levels: Double Top Resistance: 2629 Stop Loss (SL): Set slightly above the resistance at 2,662 to manage risk. TP1: Around 2,617 TP2: Around 2,605 TP3: Around 2,583 The price breakdown below the neckline triggers short trade opportunities targeting TP1 through TP3. Monitor for any bullish attempts to regain momentum that might challenge this setup. Always practice proper risk management while trading. Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
OANDA:XAUUSDShort
by David_Josh_Trader
GOLD SELLGreetings traders this is my idea on Gold It has 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. From the last chart that had a solid growt downtrend of last times chart we can see that the price is managing itself for a future Downtrend Movement. Traders make your own analysis before trading. I think we can soon see more fall from this range! GOOD LUCK! Great Sell opportunity for GOLD I still did my best and this is the most likely count for me at the moment. 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 Zaks_ForexRules
2
Gold is Ready to Break Resistance lines!!!Gold attacked a Heavy Support zone($2,605-$2,584) yesterday, as I expected . Gold is starting to rise from the Heavy Support zone($2,605-$2,584) and breaking the First Resistance lines . According to the theory of Elliott waves , Gold managed to complete wave 5 so that wave 5 was Truncated . I expect Gold to attack the Downtrend line and the Resistance zone($2,642-$2,620) after breaking the First resistance lines . ⚠️Note: If Gold goes below $2,600, we should expect more Dumps⚠️. 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute 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.
OANDA:XAUUSDLong
by pejman_zwin
17
Gold above Buying zoneFundamental analysis: Despite the strong Bullish candle sequence on DX, Gold remains Neutral-Bullish and above my Support for the day as U.S. session is approaching and recession fears resurfacing. However, #2,622.80 - #2,627.80 is new / old Support zone made by the Hourly 4 chart’s candlestick configuration. Gold is still not pulling back again after it failed to break above it’s Higher High’s Upper zone on the Hourly 4 chart. Still I haven’t got confirmation for Short-term Buying opportunity and it is still not worth entering the market without tight Risk management (all correction attempts are rejected due Fundamental Buying pressure). Monday’s session Wall Street opening Bell can have Bullish impact also on DX, hence Bearish for Gold. My Selling bias is unchanged as I will treat Bullish spikes as an oscillation from Overbought to Neutral (Williams%), which may create new space for aggressive Bearish takedown. Gold is extending the sideways action, following the continuation of the former Hourly 1 chart’s Ascending Channel, as Bond Yields and DX on gains for the #2nd straight session (still however market didn’t returned to normal Trading conditions), current environment is Gold friendly (recession fears, safe-havens such as Gold are in High demand, hawkish Fed stance). Spot how Gold's strong Selling level of the #2,622.80 is far from fair symmetrical manner with disastrous side Swings on Bond Yields and DX as my strongest correlation so far, but currently both assets are on Short-term uptrend while Gold is as well soaring (however only on Short-term). 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.
OANDA:XAUUSDShort
by goldenBear88
2
The Effect of Sun in Capricorn on GoldThe Effect of Sun in Capricorn on Gold (21st December - 30 Days Forward) Historically, when the Sun transitions into Capricorn, gold exhibits a 90% probability of bullish movement within the following 30 days. Key Observations: 1. Seasonal Bullish Pattern The Sun in Capricorn often marks a period of increased demand or positive sentiment for gold, driving prices higher during this phase. 2. Current Market Dynamics - While many analysts predict further declines, with a potential target at $2,540 after breaking below the base level, I hold a contrarian view. - The current price action resembles a retest of the broken base, which many expect to confirm a downtrend. However, I believe this retest will serve as a setup for the price to re-enter the base and establish a bullish trend. 3. Swing Low Opportunity This could represent the final swing low of the year, offering a significant buying opportunity for traders who anticipate a return to higher levels. 4. Bullish Momentum Potential Once the price reclaims the base, the structure will likely support a rally towards key resistance levels outlined in the previous analysis, leading to a bullish breakout scenario. Conclusion: Despite the bearish narrative and the possibility of further drops, my perspective suggests a bullish reversal is on the horizon. Traders should watch for signs of strength as the price moves back into its base, signaling the beginning of a new bullish trend to close the year on a high note.
OANDA:XAUUSDLong
by Rich_From_Home
Lingrid | GOLD Weekly Market OUTLOOKOANDA:XAUUSD made a sharp drop mid-week to the support level of 2585 before recovering on Friday. This rebound was largely influenced by Jerome Powell's press conference, which sparked concerns about potential Federal Reserve monetary tightening, while a strengthening TVC:DXY further pressured gold prices. The market appears to be entering a consolidation phase ahead of upcoming holidays, likely maintaining stability as it seeks direction through the New Year. Trading may remain range-bound between 2600-2650. On the weekly timeframe, the market closed with a bearish candle following a pin bar formation. The daily timeframe shows an emerging triangle pattern with lower highs and higher lows, indicating decreasing volatility. Given these conditions, I expect sideways movement rather than a trending market next week. 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
11
XAUUSD (Gold) ANALYSIS READ MY CAPTIONHello traders look at my chart and share your ideas about it . Gold is running around the 2621-2610, after retracing the first Resistance gold is trying to move to support one , you can identify the perfect entry from the given chart you may go long from support 1 and 2 or you may go short from resistance 1 and resistance 2. KEY POINTS: Support 1 : 2607-2608 Support 2 : 2684-2682 Resistance 1: 2633-2634 Resistance 2 : 2660-2663 Demand zone : 2700-2698 Further you can check my chart and share your ideas about it, follow me for timely updates
OANDA:XAUUSD
by Eric_444
12.24 Technical Analysis of Gold Short-term OperationsYesterday, the gold market opened low at 2619.5 in the morning and then the market rose first. The daily line reached a high of 2633.3 and then the market fell back. The daily line reached a low of 2607.8 and then the market consolidated. The daily line finally closed at 2613.3 and the market closed with a pregnant inverted hammer pattern with a long upper shadow. After the end of this pattern, today's market fell back and continued to short. In terms of points, today's market first rose to 2620 short and conservatively 2628 short stop loss 2632. The target is 2612 and 2607. If it falls below, it will look at 2603 and 2600. If it falls below, it will leave near 2593 and 2585.
TVC:GOLDShort
by AIan_Gold
1
#XAUUSG 1DAYXAGUSD (1D Timeframe) Analysis Market Structure: Trendline Support Breakdown: The price has moved below a key trendline support, indicating a potential shift in momentum towards the downside. Forecast: Sell Opportunity: The breakdown suggests weakening buying pressure, and sellers may take control, leading to further declines. Key Levels to Watch: Entry Zone: After confirmation of the breakdown or a retest of the broken trendline acting as resistance. Risk Management: Stop Loss: Placed above the broken trendline or recent swing high to minimize risk. Take Profit Zones: Focus on upcoming support levels or price zones identified through Fibonacci extensions. Market Sentiment: Bearish Bias: Sustained movement below the broken trendline indicates a bearish outlook, with sellers likely dominating the trend.
PEPPERSTONE:XAGUSDShort
by PIPSFIGHTER
XAG/USD - Sell Limit Opportunity After Liquidity GrabSilver (XAG/USD) has reached a key liquidity zone above a significant resistance level, presenting a well-defined sell limit opportunity. This move indicates a potential bearish reversal as smart money absorbs buying pressure. Key Observations: Liquidity Grab: Price action spiked above resistance, triggering stop-losses and trapping breakout buyers. Market Structure: Bearish signals, including rejection wicks and slowing upward momentum, suggest a shift to the downside. Optimal Entry: A sell limit at is positioned to capitalize on the anticipated reversal. Trade Plan: Entry: Sell limit at , based on the liquidity sweep. Stop Loss: Placed above the liquidity sweep to account for market volatility. Take Profit: Targeting key support levels at for a favorable risk-reward ratio. Risk Management: This setup capitalizes on a classic liquidity grab, but disciplined risk management and careful position sizing are critical. Watch for bearish confirmation signals before entering the trade.
OANDA:XAGUSDShort
by Vusizwe_Capital
XAUUSD on the way to 2900 Price LevelThe currency pair in focus is XAU/USD, representing the exchange rate between gold (XAU) and the US Dollar (USD). The current price of XAU/USD is 2611, meaning one ounce of gold is valued at 2611 US Dollars. The target price is 2900, indicating a projected increase in gold's value to 2900 USD per ounce. The expected gain is 2000 pips, with each pip representing a small price movement in the currency pair. The pattern being observed is a Symmetrical Triangle, a chart formation that indicates a period of consolidation. In this pattern, the price moves between converging trendlines, suggesting that the market is uncertain and waiting for a breakout. A breakout occurs when the price breaks above the upper trendline or below the lower trendline, signaling a strong price movement. Traders are watching for this breakout, as it could push the price toward the target of 2900. The symmetrical triangle pattern typically leads to a significant price movement once the breakout occurs, making it a key technical indicator. This setup is used by traders to anticipate the direction of the next major move in the market.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
Gold fell and weakened Gold fell after rising to 2790. The daily chart shows a descending triangle pattern, with the high point gradually moving down, and the overall trend is a five-wave decline at a high level. The lower support level of 2545 is the dividing line between long and short positions, and the upper level of 2720 forms a double top and falls back, and it rebounds near 2584. In general, gold is in a trend of high-level shock and decline, with a short-term rebound and a small ascending triangle structure. In terms of operation, you can pay attention to the breakthrough of the triangle before trading. Short-term support is 2610 and resistance is 2635. It is recommended to arrange short orders when breaking below 2610, and those who are conservative can wait for the price to rebound to 2630-2635 under pressure before going short. The downside targets are TP2605, TP2580, and TP2550, respectively, and the stop loss can be set at 2656 (breaking above the previous adjustment range).
FOREXCOM:XAUUSDShort
by RonPeter_Trading
Daily Analysis of Gold Ounce to USD – Issue 176The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
FOREXCOM:XAUUSDShort
by MoonriseTA