Gold Bullish Now Guys as we can see that gold market has downfall after it made 2726high in nest week.
And the Gold Market has given a buy entry for FVG of 2648.600.
And now we can take buy entry from 2650 for long term.
GOLD trade ideas
Gold can correct and then continue to grow to resistance levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago fell to the support level, which coincided with the buyer zone and started to grow inside a broadening wedge. In this pattern, the price rose to the resistance level, which coincided with the seller zone and even broke it, after which continued to grow to the resistance line of the wedge pattern. After this, Gold made a correction to the seller zone and then in a short time backed up to the resistance line, but soon turned around and started to decline. Gold quickly fell lower the 2720 level, breaking it and also it exiting from a broadening wedge pattern. Then the price continued to fall and later reached the 2605 support level and even broke it too, after which made a retest and continued to fall to 2535 points. Later XAU turned around and started to grow inside the upward pennant, where it in a short time rose to a resistance level, breaking the 2605 support level, but then Gold made a downward impulse. After this, the price fell to the support line, but a not long time ago it exited from the pennant pattern and now continues to grow. In my mind, Gold can make a move down and then continue to rise to the 2720 resistance level. So, that's why I set my TP at this level. Please share this idea with your friends and click Boost 🚀
In a short period #XAUUSD can go up and reach to the 2660.High timeframe trend = BULLISH
if #XAUUSD couldn't be able to break the whole 2660 and drop below 2648 in 4h candle, then the next bearish target will be 2612.
Hellena | GOLD (4H): Long to resistance area of 2717.733.Colleagues, the previous forecast is still active, but I decided to make a new one to show in more detail what exactly is going on.
I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”.
Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
DAILY ANALYSIS - XAUUSD (MON, 16th DECEMBER 2024)Bias: None
USD News:
-Flash Manufacturing PMI
Analysis:
-Strong bearish closure from Friday
-Looking for intraday trade between 4hr structure high & structure low
-Looking for BUY/SELL if there's confirmation on lower timeframe
-Pivot point: -
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy
XAUUSD BUY PROJECTION We can see price has been respecting the supply zone and following the trend line with the third touch on the line, we expect price to go long again
Gold Intraday Trading Plan 12/16/2024As explained in my weekly summary, I am going to mostly engage selling orders this week.
For today, I am looking to sell from 2655, targeting 2627.
Trading Signal for GOLD (XAU/USD) for December 13-15, 2024GOLD is trading around 5/8 of Murray at 2,673 within the uptrend channel forming since December 4 and above the 21 SMA and the 200 EMA.
On the H3 chart, we can see that during the European session on Wednesday, gold made a strong technical correction from 2,704 to 2,676. Since then, we see that it has recovered part of the losses.
A further drop is likely to occur due to the US inflation data to be released any time.
In case a pullback occurs at 2,683 where the first daily resistance is located, it will be seen as an opportunity to sell gold, with targets at 2,633 and 2,616.
XAUUSD: 12/12 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2725, support below 2627
Four-hour resistance 2725, support below 2675-50
Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell unilaterally in the volatile trading. The price of Asian and European sessions rose slightly and pierced the 2726 mark, oscillating and falling. The second rebound in the European session was under pressure, and the 2720 line fell downward and showed a unilateral decline. It accelerated downward in the US session and broke through the 2700 integer mark to reach a weak closing near 2675. The overall gold price showed a suppression adjustment pattern above 2726 in the short term, but the daily level technical indicators did not completely turn empty.
From the 4-hour analysis, we pay attention to the suppression of the opening drop 2725 line above, the short-term support of the 2675 line below, and the important support 2650 line below. In the short term, the gold price is expected to enter the long and short wide range of fluctuations. Sell high and sell low, and wait patiently for key points to enter the market.
BUY:2650near
BUY:2675near
The strategy only provides trading directions. Please use a small SL to test the signal.
THE FOREX ADVENTURES I XAUUSD 4H TECHNICAL ANALYSIS OUTLOOKXAUUSD 4H TECHNICAL ANALYSIS OUTLOOK
Analysis
Current Situation:
* Gold is currently trading at $2,657 in the 4-hour Order Block.
* The Demand Zone below at $2,613 / $2,623 provides support.
Potential Scenarios:
* Bullish Scenario:
* If any 4H candle break up this 4H order block then take buy entry at retest and set target at $2,685, the next resistance level to watch is the $2,690 / $2,695 level. because there is 4H FVG.
* A break above this FVG could signal a further uptrend, with potential targets at the previous highs around $2,700..
* Bearish Scenario:
* I specially favour in sell trade from this area because there is bearish 4H order block at $2,655 / $2,666. until any 1H candle break up this order block.
* 30M strong sell candle at this level could signal a further downtrend, with potential targets at the $2,630.
Sell Trade Setup:
* Entry: Wait for a 30M strong sell candle down the 4H order block $2,655 / $2,666.($2,695. on a 4-hour timeframe, with a confirmation candle closing below this level.
* Stop-Loss: Place the stop-loss just above the 4H order block $2,655 / $2,666.
* Profit Target: Set the initial profit target at the demand zone ($2,625).
Risk Management:
* Use a position size that aligns with your risk tolerance.
* Consider trailing your stop-loss as the price moves in your favor to protect profits.
Bears TurnGood luck to all.
Some Facts:
- reached the top of a trendline that dates back to the 1980’s which have seen other pros call the “1980’s battle-line” 👀 Monthly TF
- volume coincides with some consistent braking power
- RSI seems pointy downward
- the 2015-18 trendline looks magnetic
- the weekly candle just closed speaks for itself
- the short term MA and FVG traders will be busy (or tired buying)
- the head and shoulders on that record high - you could frame that in theory books
- Wyckoff scout cracked through Ice
- as a ship on the trading seas then you could say this is a tack to the bear side, no rush though… see you in a few months/years? Would have patience for a 2,150 target minimum from here.
What could detract from golds appeal? Better opportunity cost elsewhere that gets faster returns? Could it get worse on the global political situation than it is right now really? Has the very recent (last 2 week) global escalations driven peaks beyond the high (no it hasn't)? Has the interest rate hype already been priced in? Is Trump lined up to do some deals that strengthen dollar and peace, make gold boring again?
Ah? Mmm...Shipsy.
⚓️ 🏴☠️ 🌊
Gold Trading Strategy for 16th December 2024Gold Trading Strategy
Buy Above: The high of the candle which closes above 2662 on a 15-minute chart
Sell Below: The low of the candle which closes below 2636 on a 15-minute chart
Risk Strategies:
Risk Strategy 1:
Sell between 2660-2666
Stop-Loss: 2675
Targets: 2648, 2636, 2619
Risk Strategy 2:
Buy between 2621-2617
Stop-Loss: 2608
Targets: 2636, 2648, 2660
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Is gold losing its important support level?Or, considering the resistance around 2672, after breaking this area, we could expect a rise towards the range of 2710 and 2749.
Otherwise, if the support level of 2638 is broken, a decline down to around 2606 can be anticipated.
GOLD 2660 straight to 2900Gold is on its way to new highs, anything under $2660 USD is the perfect entry levels. 2900 and above is where gold is headed.
Gold daily chart level wave count, cancel the red ABC wave. ConfGold daily chart level wave count: 1. Cancel the possibility of red ABC wave correction. 2. In November, 2790 fell to 2536, which was just a correction of the monthly K-line. It stopped falling after the red FVG on the monthly chart was filled, and started a new rise at the monthly level. That is to say, the pink 2536 pink fourth wave correction has ended, and the pink fifth wave has begun to rise. 2536-2720 is the sub-wave of the pink fifth wave and the green first wave. 2720-2605-2613 is the green second wave correction sub-wave. The blue ABC3 wave correction ends. Breaking through 2666 starts a five-wave rise into the green third wave. The first sub-wave blue wave entered the second blue wave correction after encountering pressure at 2726 yesterday, and broke through 2675 last night, extracting liquidity and rebounding. At the same time, the downward trend line of 2790 has been broken through, and rebounds occurred after two retracements. If there is another dip next Monday, it will also be a buying oppo
Gold (XAU/USD) Analysis – Bearish Scenario UnfoldingGold has been showing clear bearish momentum on the 4-hour chart, and the current price action suggests further downside potential.
1️⃣ Rejection from the Strong High:
The price was firmly rejected at the $2,740 resistance zone, signaling the dominance of sellers in the market.
2️⃣ Weak Low Target Zones:
With the break of structure (BOS) confirming bearish intent, the price is now heading toward key liquidity zones around $2,620 and $2,580. These levels are likely to act as targets for the current downtrend.
3️⃣ Bearish Momentum Accelerating:
A series of Change of Character (CHOCH) events and lower highs further indicate that sellers are fully in control, with little evidence of bullish intervention so far.
📌 Bearish Targets:
The immediate target is $2,620.
If this level breaks, the next zone to watch is around $2,580, which could serve as the final destination for this bearish move in the short term.
Let me know if you're tracking this move or if you see additional bearish opportunities!
XAU/USD Spot Gold Can be good trade in XAU/USD...Good resistance zone, supply area and Fib levels in the golden level 61 to 78...
Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,665.32
Why we like it:
There is a pullback support level that is slightly above the 61.89% Fibonacci retracement.
Stop loss: 2,620.34
Why we like it:
There is a pullback support level.
Take profit: 2,716.62
Why we like it:|
There is an overlap resistance level.
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GOLD ANALYZEHere we are analyzing 2H time frame for gold. By using trendline and price action module. According to this analysis I'm looking sell trade when price come into our zone than we will take some confirmation like candles confirmation and price action and than after strong confirmation we will take sell trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
#XAUUSD 2H Technical Analyze Expected Move.
Gold next direction?There are a few things at play for Gold. Will keep an eye on the market close on 9th Dec and 10th Dec. Our Lions Club Millionaire Indicator might confirm an open sell.
There is no need to predict and rush the market. Let the chart speak, and opportunity manifest. 3 possible scenarios on the chart. Will keep you guys posted when I will trade in Gold But get ready for a turbocharged ride!!!
XAUUSD Week closeXAUUSD waxa uu maraya saacadihii u danbeeyey ee uu week kusoo xidhmi lahaa waxa aan doonaya in uu dib u test gareeyo Daily gap-ka sidoo kale space baan haysta last 3 days movement ah oo aan doonayo in dib loo jaleeco. isla 4Hka u danbeya jimcaha, ayaa suurta gal ka dhigi kara ama weekly Gap weyn ayuu suuqu ku furmi doona, 2 senario ba waxa ay dhiiri galinayan ka hor inta la vailed garyn week start ka 9/12 in laga horeysiyo 13/12.
The latest technical analysis of gold, enjoy the profitFrom a technical point of view, after Thursday's decline, the daily line closed negative for the first time after three consecutive positive lines, and closed with a large negative line before the upper Bollinger track. This pattern is very obvious, confirming the overall weakening, and there will be continuous room for decline. At least look at the support point of the middle Bollinger track 2660 first, and then look at the support of the lower track 2600 after breaking. Therefore, the actual intraday decline prospect is still very large. Look at the recent intraday changes, and try to focus on rebounding high altitudes. After the decline of the small cycle H4, the Bollinger is also in a closing state. It rebounded at 2675 at midnight, but the downward space is not enough. The support of the lower track is near 2660. Therefore, the intraday rebound can still be shorted. First see whether the price of 2660 breaks. If it does not break during the day, it will be regarded as a slow decline. If it breaks, it can form an opening of the lower Bollinger track and get out of the unilateral decline. Therefore, the recent decline of gold in this cycle has just begun. Don't think that you can go long after a wave of decline. In the short-term performance, gold has rebounded, and the intraday suppression should be around 2695. If it rebounds in the Asian and European sessions, you can short it. The intraday downside targets are 2675 and 2660. Overall, today's short-term operation strategy for gold is to short on rebounds, supplemented by buying on dips. The short-term focus on the upper side is the 2695-2700 resistance, and the short-term focus on the lower side is the 2660-2655 support.
GOLD ANALYSIS CHARTXAU/USD: Consider going long only if the market reaches the $2650-$2655 range. Let the setup confirm before entering for potential gains...
