Gold Forming Diamond Pattern - To touch 2430Gold has formed Bearish Diamond pattern and there is a breakdown on day time frame.
With this, Gold has potential for 8% correction up to 2430.
XAUUSDG trade ideas
Potential short on Xauusd As seen on the gold price is reaching for liquidity that makes sense for it to head up... in my analysis you can see we are in premium, and almost in discount. the inversed FVG shown in the 4h is likely to push price lower or likely to fail and push price higher.
XAUUSD XAUUSD Gold Seems In Buy
1st Target 2650
2nd Target 2670
To Possible Suggestions For Traders Use It And Till To Hold Until Last Target Keep Fallow
SCALPING ! XAU ! retest 2646 entry SELL SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high.
Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward.
⭐️Personal comments NOVA:
Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping
TP1: $2640
TP2: $2635
TP3: $2630
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSDAccording to the harmonic pattern created in the next week, there is a high probability of price reduction
XAUUSD-bias short Bearish indications:
LLLH
MA respected in 2 hr time
Double top formation
Resistance respected at 2663
Ma 21 respected at the head and shoulder pattern from resistance.
LLLH
Trade plan bias short @ 2656
SL:2664
TP1:2647
TP2:2639
GOLD SELL SIGNALGOLD price drop daily as not holding much time in overbought area,
and generate high reward with low risk
INDICATOR - DELTA MOMENTUM INDICATOR
Scenario xauusd update levels This analysis is purely about adjusting the level, plus a minor comment, the price is still holding on to the main level and could create a double top, the main one makes sense to me because there is a npoc on the support around the price of 2700, at which the price could choose a stop below we are currently in a poc, so then the view of thinking like this is still short, but I am still waiting for a confirming signal.
XAUUSD-15The overall trend for gold is bearish. Support and resistance levels are marked in the image.
Neutral GoldI'm currently looking at a new fresh consolidation pattern forming inside an ascending triangle. I will be trading both the supports and the resistance until we get a clear brekout to either side
XAUUSD 15/12/24Coming into this week, we are observing a clear shift in market bias that occurred at the end of last week, transitioning from bearish to bullish. After running the highs and selling off, we are now looking to run the lows and then buy back into the same highs. This setup could shape up to be a strong week for longs in gold, potentially leading to a clean bull run as Christmas approaches and the market slows down.
Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move.
Trade safely and stick to your plan.
Welcome to my latest analysis and forecast for XAU/USD!Gold prices are entering a phase of bearish consolidation.
The understanding that the Federal Reserve may slow the pace of its interest rate cuts due to stalled progress in reducing inflation to its 2% target acts as a headwind for the yellow metal.
However, a combination of factors continues to provide some support.
A slight decline in U.S. Treasury yields keeps dollar bulls on the defensive.
Additionally, persistent geopolitical risks and concerns regarding the policies of U.S. President-elect Donald Trump helps limit the downside for the precious metal.
Traders are also likely to avoid taking new directional positions ahead of the critical Federal Open Market Committee (FOMC) policy decision on Wednesday.
This decision will be closely watched for signals on the future path of rate cuts. which could provide new impetus for the XAU/USD pair.
Technical Analysis
In this analysis we will take a closer look at the current state of XAU/USD and provide a forecast for its future movements.
First, let's start with a brief explanation of XAU/USD.
XAU refers to the chemical symbol for gold, while USD is the abbreviation for the US dollar.
This currency pair represents the price of gold in US dollars.
As the US dollar is the world's foremost reserve currency and gold is seen as a safe-haven asset, XAU/USD is a highly watched and traded currency pair.
Now, let's dive into the analysis of XAU/USD. In recent months, we have seen a steady uptrend in the price of gold against the US dollar.
This can be attributed to various factors, such as the ongoing trade tensions between the US and China, the uncertainty surrounding Brexit, and the global economic slowdown.
All of these events have led to investors seeking refuge in the safe-haven asset of gold, thus driving up its price.
Additionally, the recent interest rate cuts by the US Federal Reserve have weakened the US dollar, making gold more attractive for international investors.
The demand for gold has also increased due to the central banks of various countries adding gold to their reserves.
These factors have all contributed to the bullish trend in XAU/USD.
In terms of technical analysis, XAU/USD is currently trading above its long-term moving average , indicating a strong uptrend.
However, it is important to note that the price has reached on critical resistance level of $2,718 per ounce.
If it breaks through this level, we can expect to see further gains in XAU.USD.
On the other hand, if the price fails to break this resistance, we may see a pullback to the support level of $2,560.
Now let's move on to our forecast for XAU/USD.
Based on the current market conditions, we believe that XAU/USD will continue its uptrend in the short term, with a potential target at $2,791 per ounce.
However, we cannot ignore the fact that gold is a highly volatile asset, and any unexpected events or changes in market sentiment can quickly reverse this trend.
In the long term, we maintain a bullish stance on XAU/USD due to the ongoing uncertainty in the global economy and the potential for further interest rate cuts by central banks.
It is also worth mentioning that the gold market tends to perform well during times of geopolitical tensions and economic downturns, which are all possibilities in the current global landscape.
In conclusion, XAU/USD has been on a steady uptrend, and our analysis and forecast suggest that our analysis and forecast suggest that this trend will continue in the short and long term.
As always, it is important to keep an eye on the market and adjust your trading strategy accordingly.
Stay updated with the latest news and events that may affect XAU/USD to make informed trading decisions.
Happy Trading!
Gold Market Breakdown Analysis For Week of 12/15 to 12/20This is what price may do for coming week. As you can see this price action pattern happens all the time just in different variations. Pullback and more sells to come...
XAUUSD continues to move downward after a significant rejection Let's see if XAUUSD continues to move downward after a significant rejection from the $2,700 level. For this trade, our longest take-profit target is at $2,625, with a stop-loss placed above the resistance level at around $2,730. This is purely my analysis and not financial advice—you are not obligated to follow it.
Pullback in XAUUSD...I expect a reaction in purchase in some of those two green dots. This is simply a market reaction to rise strongly. Let's hope so...
bearish movement as asia market startsFirst, looking at daily closing and H4, i am expecting selling pressure as Asia session starts.
watch out for rebound on the area around 2605 - ensure to only enter if there is confirmation of buying based on chart pattern.
first support area : 2616
2nd support : 2605
max rebound area : 2597
remember to monitor lower TF as possibility to go further to 2597 is also there.
BUILDING PERMITSLooking to start construction, building levels till we don't.. failed to break 38 booster to demon buys 666 pass 666 it will tease were bull 4ever together if when we break 81 ,, 81 is the key of elements.
Every dip were buying ------ just like btc ,, every dip is discount for next year. good luck,,lets see how this plays out
Gold sits below a local resistance, break above will see $3,000 Gold is sitting on a local resistance level, this is a danger level to buy from, it would ideally be a good sell, with a stop loss now set right outside this channels upper resistance line for a very nice risk to reward ratio (This is the trade we currently have set)
If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as mentioned in our other idea below.
Take a look for an explanation as to why:
GOLD H1 SHOWS BULLS / BEARS ?GOLD: Sideways Trend Persists Ahead of Fed Decision
Gold price is currently trading in a sideways trend, struggling to find direction ahead of the Federal Reserve's policy announcement. The precious metal is caught between the 21-day Simple Moving Average (SMA) support at $2,655 and the 50-day SMA resistance at $2,671.
Traders are adjusting their USD positions ahead of the Fed's decision, with mixed US PMI data and geopolitical tensions supporting gold prices. Markets have fully priced in a 25 basis point interest rate cut by the Fed.
Technical indicators suggest a lack of clear directional bias, with the 14-day Relative Strength Index (RSI) trading flat at around the 50 level.
Targets:
Buy target : $2,700, $2,726
Sell target : $2,613, $2,600
Best Wishes Tom 😎
Xauusd 30 Minute Idea Xauusd Is Running Side way From Last Day.
Now we have to wait for clear any Direction
💯First strategy = If Market Break 2663 Then We Take Long/Buy order With
(- 40pips) SL And (+100pips) Target
💯Second strategy= if Market Break 2649 The we take Short/Sell Order With
(- 40pips) SL And (+100pips) Target
Trade with your own risk ‼️
From = Sam Brown
Gold: Short-Term Fluctuations, Long-Term TriumphsAs a market analyst, I observe that global gold prices currently stand at $2,647 per ounce, with February 2025 gold futures on the Comex New York exchange priced at $2,675 per ounce, reflecting a 0.03% increase from the previous day. Over the past week, gold has shown a solid 0.8% gain.
From my perspective, gold has had a remarkable year, and while it is now undergoing a phase of correction, I firmly believe this pullback will not last long. My analysis suggests that gold prices will rise further in the coming months. This outlook is supported by several key factors, including loose monetary policies, strong central bank buying activity, and growing demand for safe-haven assets, all of which are likely to drive gold to new record highs this year.
I’m also closely following comments from Federal Reserve Chair Jerome Powell after each meeting, as these are crucial for shaping investor expectations for 2025. Inflation remains a pressing issue, still falling short of the Fed’s 2% target. According to Nicky Shiels, a metals strategist at MKS PAMP SA, gold prices could reach $2,500 per ounce, or even as high as $3,000 per ounce, depending on how effectively the Fed manages inflation.
In the short term, my projection is that gold will trade within a range of $2,647 to $2,760 per ounce. For the longer term, I align with Goldman Sachs' forecast that gold could achieve $3,000 per ounce by the end of 2025. This aligns with the broader trends I’m observing, where persistent economic uncertainties and evolving monetary policies continue to shape a favorable environment for gold.
GOLDThe gold price dropped today due to the Federal Reserve's hawkish cut, which sent investors seeking safety into the US Dollar, outpacing demand for gold. As a result, gold fell towards $2,600 and below.. This move was anticipated, as the market had priced in a hawkish cut, and the focus is now on the Fed's expectations for 2025, which suggest fewer interest rate cuts.
The drop in gold price is also attributed to the strengthening US Dollar, which is trading near its weekly highs against most major rivals. Additionally, the technical indicators are neutral-to-bearish, developing around their midlines and failing to provide clear directional clues.
On dxy rally AUDUSD,USDJPY,EURUSD,USDCAD,GBPUSD will have a change in directional clues
