if price stay under 2670not a bullish PA, not a sideway PA
so I bet on bearish PA
as long under 2670 and 2658
should target 2608 or 2594, but I make longer term chart
if there any change I will make new TA
XAUUSD trade ideas
The Importance of Stop Loss and Emotional Discipline in TradingThe Importance of Stop Loss and Emotional Discipline in Trading
“The market doesn’t care about your emotions; it follows its own rules.”
One of the most critical aspects of successful trading is setting a stop loss and sticking to it. Here's why:
Protect Your Capital
Trading without a stop loss is like driving without brakes. A stop loss helps limit your losses and keeps your trading capital safe for future opportunities.
Stay Disciplined
Many traders make the mistake of moving their stop loss further away out of fear of being stopped out. This is a slippery slope that can lead to even larger losses. Stick to your plan, no matter what.
Remove Emotions from Trading
Fear and greed are your worst enemies. By predefining your stop loss, you eliminate emotional decision-making in the heat of the moment.
Focus on Risk Management
Before entering a trade, always ask yourself:
What’s my risk-reward ratio?
How much am I willing to lose if the trade goes against me?
Learn to Accept Losses
Losses are a natural part of trading. A stop loss isn’t a failure; it’s a tool to protect you and keep you in the game for the long term.
Key Tip:
Never remove your stop loss hoping the market will “come back.” Hope is not a strategy—discipline and planning are.
Let your emotions stay out of your trades. Protect your capital, trade your plan, and let the market do the rest.
Lingrid | GOLD Short-term RETRACEMENT from PSYCHOLOGICAL LevelOANDA:XAUUSD has moved higher, breaking through the prolonged consolidation zone. The price has reached the key resistance zone ahead of the Core CPI release, testing the psychological level at 2700 and weekly high level. This level has previously acted as resistance, and I think that the market may drop from this level, forming a short-term pullback. Therefore I expect the market to pull back from the resistance and the upward trendline before considering further upward movement because the market may retest the middle of the consolidation zone. My goal is support zone around 2665
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAUUSD First Golden Cross (4h) in 5 months. Strong Buy.Gold is trading inside an 8 month Channel Up and just crossed above the Falling Resistance of the previous High.
It is about to form a Golden Cross on the (4h) timeframe and the last such formation dates back to July 7th.
That was a heavy bullish signal that peaked on the 1.236 Fibonacci extension.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2850 (the 1.236 Fibonacci extension).
Tips:
1. The MACD (1d) is also printing a similar Bullish Cross to July's. This is an additional strong buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Why Gold will sell off again!!As we saw in previous year gold always has a pattern that it follows after a massive rally, we now in the phase of accumulation and it rotating around the POC level of massive move down,
now its try to break the recent resistance but I think it will fail cause of it accumulation nature.
Watch out for new and trade has nice risk to reward!!
Use proper risk management!!
FOLLOW me for more breakdown!!!
Gold at support- But is too obvious... (update)In my morning video analysis, I noted that after yesterday's strong bearish engulfing candle, the most likely scenario was a continuation of the down move, with the next support level identified around the 2660-2665 zone.
The price indeed reached this area, but I believe this support is too obvious and likely to break, instead of a meaningful reversal.
At this point, it is very risky to trade against the flow.
A more prudent approach would be to wait for rallies and consider selling at higher levels.
GOLD PRICES RETREAT AS STRONG DOLLAR PREVAILS AND ECONOMIC DATA Economic Data Impacting the Market
On December 12, 2024, the U.S. Bureau of Labor Statistics released important economic data. The Producer Price Index (PPI) rose by 0.4% in November, higher than the expected 0.2%, and showed a 3.0% increase over the year, marking the largest gain since February 2023. Additionally, the core PPI, which excludes food and energy, went up by 0.2% for the month and 3.5% annually. Initial jobless claims for the week ending December 7 reached 242,000, significantly above the expected 220,000, indicating rising unemployment. These mixed signals highlight ongoing inflation pressures alongside a weakening job market.
Fed Rate Cut Expectations Shift
According to the CME FedWatch Tool, the probability of a rate cut by the Federal Reserve in December has decreased to 96.70% from 97.50% a day ago, signalling changing market expectations.
4 TRADE LEVELS XAUUSD - PRECISE PRICE LEVEL THEORY After a successful sell in our community at 2719-2726 , today we are presented with a tough perspective due to the fact that now the current market price is entangled between the Supply and Demand Levels of H4 & Daily indicating a market cool off scenario entering a passive sideways.
So best strategy for today is to let the eruption of the market happen first and attempt on a reversal trade rather than seeking for a continuation trend trade.
XAUUSD 4h AnalysisAccording to my previous analysis, based on Ichimoku, the gold trend is still bullish.
I see the possibility of a return to higher levels and a retest of the 2760 zone. If this level is broken, it can also reach the 2790 level.
If the price doesn't break through the resistance, we expect it to reach
2611-2640 price range.
We will check the ichimoku and data at these levels.
As usual we trade at all important levels. And you can follow the free signals in TG.
My expectations for Gold!Hello guys
due that the uptrend purple line was broken by 4h candle so my target is show there even if it will go down more but i believe that target will be reached by 99% confidence
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Gold Prices Are Carving Out a Rectangular PatternIt will take a few more weeks for a proper pattern to form, but gold prices are carving out a rectangular pattern. The chart shows potential target levels following a breakout.
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10 Brutal Truths About Why Retail Support & Resistance Fail !CAPITALCOM:GOLD
10 Reasons Why Retail Support and Resistance Levels Fail: Unlocking Gann’s Secrets to Market Mastery
Here’s a deeply researched, professional explanation for each point, infused with Gann’s quotes, examples, and concepts, to open the eyes of traders to why retail methods often fail and how Gann's wisdom provides clarity.
1. Static Levels in a Dynamic Market -
Explanation: Retail traders often draw support and resistance (S/R) lines as static horizontal levels, expecting the market to repeatedly respect them. However, Gann emphasized the dynamic nature of markets, stating:
"Markets are never still; they are always moving, reflecting time and price interplay."
Markets are influenced by cycles, trends, and time frames, making S/R levels fluid rather than fixed. For instance, Gann’s Square of Nine shows how support and resistance rotate based on angles and time increments, offering precise levels that adapt dynamically. Retail traders fail to adjust their levels as time progresses, missing key changes in price behavior.
2. Failure to Incorporate Time -
Explanation: Retail S/R methods typically ignore the role of time, which is a critical element in Gann's work. Gann wrote:
"Time is the most important factor in determining market movements."
Support may fail not because the level was invalid but because the "time factor" for that level has expired. For example, in Gann’s Time Cycles, support at a certain price might hold only for a specific duration. When that time passes, the level loses its relevance. Retail traders, unaware of such timing principles, are often blindsided when the market breaks their "strong" levels.
3. Lack of Confluence with Angles -
Explanation: Gann’s methodologies prioritize the confluence of price and angle relationships. He believed that price moves in harmony with geometric angles, stating:
"When price meets time at an angle, a change is imminent."
Retail traders fail to consider these angular relationships, focusing only on flat horizontal lines. For example, a 45° angle from a significant low often acts as a true support, but retail traders, relying solely on previous price zones, miss these powerful turning points.
4. Overcrowding and Psychological Herding -
Explanation: S/R levels widely used by retail traders often attract a large number of orders at the same price zone, making them predictable and vulnerable to institutional manipulation. Gann noted:
"The crowd is often wrong, and the minority drives the market."
Institutions exploit this herding by triggering stop-losses just below support or above resistance, creating false breakouts. For instance, Gann’s "Law of Vibration" explains how markets seek equilibrium by disrupting imbalances created by crowd psychology.
5. Ignoring Volume Analysis
Explanation: Retail traders rarely integrate volume into their S/R analysis. Gann emphasized the importance of volume, stating:
"Price movements must be confirmed by volume to validate strength."
Support may appear to hold, but without accompanying volume, the level lacks significance. A practical Gann-based example would involve observing increased volume near a critical angle or price zone, signaling genuine strength or weakness at that level.
6. Using Recent Highs/Lows Without Context -
Explanation: Many retail traders base S/R levels on recent highs and lows, assuming these are universally strong zones. Gann criticized such oversimplified approaches, writing:
"The past governs the future, but only through proper analysis of cycles and patterns."
Without analyzing historical patterns and cycles, these levels are often superficial. For example, Gann's Master Charts reveal that true resistance may lie at a harmonic distance from an earlier historical pivot, not necessarily at the recent high.
7. Misunderstanding False Breakouts -
Explanation: Retail traders often misinterpret false breakouts as failures of support or resistance. Gann explained this phenomenon through his price and time squares, stating:
"A breakout without harmony is often a trap, designed to mislead the majority."
For instance, a false breakout above resistance might align with a Gann angle signaling a reversal, confusing those relying solely on retail S/R levels.
8. Ignoring Market Structure and Trend -
Explanation: Retail traders often focus on S/R levels without understanding the broader market structure or trend. Gann believed:
"The trend is your friend until time signals the end."
Support is more likely to hold in an uptrend, while resistance is stronger in a downtrend. A classic Gann principle involves combining market structure with angular analysis to determine whether S/R levels will hold or break.
9. Failure to Account for Gann's Price Harmonies -
Explanation: Gann’s studies reveal that price moves in harmonic relationships, often tied to Fibonacci ratios and geometric principles. Retail traders using arbitrary S/R levels fail to respect these harmonies. For example, Gann's observation of price doubling or halving (e.g., $50 to $100) often defines true support or resistance.
10. Reliance on One-Timeframe Analysis -
Explanation:
Retail traders frequently analyze S/R on a single timeframe, missing the interplay between multiple timeframes. Gann emphasized multi-timeframe alignment, writing:
"The major trend governs the minor trend, and the minor trend refines the major."
Support on an hourly chart may fail if it conflicts with resistance on a daily chart. Gann’s multi-timeframe methods ensure alignment, reducing the likelihood of failure.
Updated Closing Thought-
By understanding the reasons why retail support and resistance often fail and incorporating Gann’s time-tested principles, traders can elevate their skills to a professional level. Gann's focus on time, price, and geometry provides a roadmap to understanding the market with unparalleled precision.
This content is invaluable for anyone seeking trading mastery, so don't keep it to yourself! Save this and share it with your friends so they can benefit too. Follow for more absolutely valuable and free trading insights!
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue?
Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected
Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try
Resistance levels: 2675, 2682, 2699
Support levels: 2658, 2636
From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high
Regards R. Linda!
Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
GOLD AWAITING FOR INTEREST RATE CUTSGOLDEN PLAN: 13-Dec-2024 / Friday
Personal comments by Pips & Profit:
The price has recovered positively during the week around 2700, sideways and accumulated further. Awaiting for information about interest rate cut in December 2024.
PLAN FOR THE DAY:
Sell Gold Zone 2701-2704
SL: 2709 (Scalp Entry)
TPs: 2695 / 2690 / 2680
Sell Gold Zone 2715-2722
SL: 2728
TPs: 2709 / 2698 / 2688
Buy Gold Zone 2656-2653
SL: 2643
TPs: 2666 / 2678 / 2692
Let's support "Pips & Profit" by Like & Comments. Thanks Everyone.
XAUUSD FRIDAY ASIAN SESSIONWe have a 220 pips long shot
the trade active when any candle break and close above our resistance
and for confirmation the next candle have to break the closing candle's high
GOOD LUCK
GOLD ROUTE MAP UPDATEHey Everyone,
Piptastic day on the charts once again, with our chart idea playing out to perfection!!!!
We were able to track and trade the entire move up from Monday confirmed with ema5 lock for each gap target. Yesterdays update finished off with ema5 cross and lock above 2679 opening 2697.
- This target was completed perfectly today followed with further cross and lock above 2697 opening 2712, which was also hit today completing this chart idea.
We can now move over to our 4H chart idea to continue to track the movement should it decide to push further up, until we share our new 1H chart idea on our Sunday update.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2645 - DONE
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679 - DONE
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold is Ready to Fall again!!!Gold ( OANDA:XAUUSD ) started to pump, as I expected in the previous post .
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ) and approaching the Upper line of the Ascending Channel .
According to Elliott's wave theory , Gold is completing microwave 5 of the main wave C .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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.
XAUUSD BEARISH ANALYSIS (READ CAPTION)hello trader. what do you think about gold
current price 2698
gold again reject 2721 and h4 closing in bearish market create support 2704 and 2708 market pullback 2704 and 2708 then market fall down 2682.2675 demand zone
like comment thank you for support
Acw Ppi analysis Using previous price action of cpi week dec
Taking Monday and Tuesday price action
We note that price structure is very similar
That said using trading view bar pattern tool we copy price action and place into current Thursday
We note that structure is similar
That said Thursday breaks Wednesday High , similar to Tuesday breaking Monday High
We also note that Asia low is similar to Asia low Tuesday
We expect Ppi to buy and possible target Nov nfp high leading to a possible ath break on the gc1! Futures contract
XAUUSD BULLISH ANALYSIS (READ CAPTOIN)Hi taders! Share your opinion regarding this chart.
Current price: 2695
Currently gold is being supported by buyers as all d1 candle of this week have created bullish candles. After temporary retracement market has returned to it's bullish trend. Rejection of h4 candle is another indicator of a strong bullish market. If gold breakouts the price 2711 which is our demand zone then market will go further high up to 2732.
Key points:
Support zone : 2690-2680
Resistance zone 2710-2722
Please like comment thank you support
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!
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not a bad day at all on Gold, our path worked well, we got the low, got the move up, got another 50pip short and then switched to the red boxes for bonus scalps. It was literally a level to level, point to point move!
To round up the day, we would say higher level above are to be targeted with support now at the 2675 region and the bias as bullish above. We would like to either see this attack resistance over the Asia session and then confirm a short, or, we'll wait below for the RIP to take it higher.
Not much more to report on.
As always, trade safe.
KOG
