gold 26.12.2024 today trade ideagold is about to fall in buying area where is support area of gold.
main target will be buy
gold buy from 2615
target 2642
only support us
XAUUSDK trade ideas
GOLD → Manipulation ahead of a possible rate cutFX:XAUUSD is declining after a false breakout of 2658 (0.5 fibo). We can say that this is a manipulation before a possible growth. Technically gold has a neutral trend. The emphasis is on support.
Markets continue to consider the possibility that the Fed will lower interest rate by 0.25% on Wednesday. This could spark a bearish rally in the dollar, which would be favorable for gold, which is heading for support. But here we should also take into account the comments of the Fed, which based on economic data is beginning to question its decisions and change into a hawk. The suspension of the rate cut cycle in January may put pressure on the markets, including gold, but this problem is postponed until 2025. Today all eyes are on retail sales.
Technically, gold is flat and heading for strong support....
Resistance levels: 2646, 2658
Support levels: 2633, 2620, 2617
Price is heading towards support before the news. Manipulation before a possible rise? The probability is high :)
We are waiting for support retest, false breakdown and possible growth to the mentioned targets
Regards R. Linda!
XAU/USDGOLD Intraday short Position
We Can Take Sell Positions From 2604/2609 And Set Target To 2675 IT Will Hit Soon
Alterantive. Must Use SL At 2627/
Gold Trading Plan!Our original sell target of $2,580 got smashed! Here is what I am looking for next;
Option 1: Gold takes another dive down towards $2,580 again, followed by $2,560.
Option 2:Gld ranges within a tight zone over the Christmas period, due to low volume in the markets.
XAUUSD Price Forecast: Analyzing the Next Big Drop Chart Analysis:
Current Market Price: As of the latest observation, the market price for Gold (XAUUSD) stands at approximately $2,623.61 per ounce.
Recent Price Dynamics:
Trend Observation: The chart depicts a pronounced bullish trend characterized by consecutive green candles, indicating a sustained increase in prices.
Volatility Assessment: There is observable deceleration in market volatility, evident from the progressively smaller candle bodies and reduced range between highs and lows.
Technical Indicators and Annotations:
Break of Structure (BOS): Identified on the chart, this term typically denotes a significant level where the price action has breached previous support or resistance, suggesting a potential shift in market dynamics.
Order Block (OB): Highlighted as a crucial zone, likely where substantial institutional orders have been historically placed, acting as pivotal resistance or support in subsequent price movements.
Projected Price Path:
The inclusion of a blue directional arrow forecasts a potential upcoming price movement, hypothesizing an ascent to a designated upper level followed by a sharp decline. This anticipated trajectory points towards the 'OB' zone as a potential upper resistance boundary.
Temporal Context:
The horizontal timeline marks forthcoming dates, extending predictions slightly beyond the screenshot’s timestamp, providing a short-term outlook up to December 25.
Strategic Implications:
Resistance Consideration: The identified 'OB' zone is anticipated to serve as a major resistance area. Reaching this level could significantly influence market behavior, potentially triggering substantial sell-offs.
Anticipated Reversal: The projected upward movement towards the 'OB' zone, followed by a marked decline, suggests a strategic anticipation of a price reversal, which could offer critical entry and exit points for traders.
Trading Strategy Formulation: Aligning with these insights, traders might consider adopting a long position as prices approach the resistance, with preparations to pivot to short positions should reversal signals manifest.
Analytical Considerations:
Validation through Confirmation: Traders are advised to seek corroborative evidence from additional technical indicators or chart patterns to reinforce decisions based on the projected path and identified zones.
Risk Management Protocols: It is imperative to implement stringent risk management measures, including setting stop-loss orders and appropriately sizing positions, to safeguard investments against unforeseen market fluctuations.
Gold Price Consolidation and Breakout Analysis: Key Levels...
Gold Technical Analysis
The price is expected to consolidate between 2620 and 2605 until a breakout occurs. From 2620, Gold is likely to experience a bearish movement toward 2605. A 1-hour candle closing below 2605 will support further bearish momentum toward 2591 and 2585.
On the other hand, if a 4-hour candle closes above 2623, it will confirm bullish momentum, targeting 2638 and 2658.
Key Levels:
Pivot Point: 2620
Resistance Levels: 2635, 2645, 2653
Support Levels: 2605, 2591, 2558
Trend Outlook:
Bearish below 2620
Bullish above 2623
12.26 Gold short-term operation analysis strategyThe market opened at 2610.6 in the morning of the previous day and then the market rose directly. The daily line reached a high of 2621.6 and then the market fell rapidly. The daily line reached a low of 2609.7 and then the market rose in the late trading. The daily line finally closed at 2616.7 and the market closed with a small positive line with a long upper shadow line. After this pattern ended, it rose first today and gave a short stop loss of 2630 at 2635. The targets below are 2615, 2607 and 2603
GOLD: Bullish Continuation & Long Trade
GOLD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long GOLD
Entry Point - 2619.7
Stop Loss - 2595.8
Take Profit - 2662.4
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
We wanted that extension level 2645 for the long which gave us a nice early session move into the order region today. Excalibur activated short from there and we managed another short ending the day on Gold early due to the pre-event price action.
We're now bouncing support 2630 which needs to hold us up to target that higher order region again where we are expecting price to settle. FOMC tomorrow so please reduce lots and expect the range to start chopping.
As always, trade safe.
KOG
SCALPING XAU ! Gold sideway trend DOWN⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US central bank indicated last week that it plans to ease the pace of interest rate cuts in 2025. This supports elevated US Treasury yields, helping the US Dollar (USD) maintain its strength near a two-year high, which limits gains for the non-yielding Gold price. With trading volumes thin, it seems wise to wait for sustained buying momentum before anticipating a continued recovery from the one-month low reached last week.
⭐️Personal comments NOVA:
Gold sideways price range 2610-2620, H1 trendline downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2618 - $2620 SL $2623 scalping
TP1: $2614
TP2: $2608
TP3: $2602
⭐️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
Another drop for gold?Hi traders,
Last week XAUUSD made a very small correction up, dropped and took the liquidity under the lows. After it came into the Daily Balanced price range (BPR), it made a correction up into the higher Daily FVG.
Next week we could see price go lower again from here to finish the (orange) A-B-C Zigzag correction.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bearish to trade shorts.
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This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Gold Trade plan 202/12/2024Dear Traders,
Gold Still Hold 2590 Level , i expect price will be start Downward movement from 2636-2637 level and my final Target is 2650-2660 Area ,
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
Could the Gold reverse from here?The price is reacting off the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 2,627.88
Why we like it:
There is a pullback resistance level.
Stop loss: 2,655.19
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 2,585.75
Why we like it:
There is a pullback support level.
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GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2,626.558.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,600.886 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GOLD BULLISH ANALYSIS (READ CAPTOIN)Hi trader's. What do you think about gold
Gold current price: 2618
Gold touch 2633 and down fall to 2613 xauusd giving retest 2603 then possible to again bullish trade start. 2633 h4 breakout uper side then xauusd continue bullish trade
I have placed the remaining target in the details in the chart.
Support zone: 2606-2595
Resistance zone: 2633-2651
Please don't forget like comment and follow
Gold Trade Plan 18/12/2024(500 Pips Down)!!!!Dear Traders,
Gold price still Range between 2635-2650 .
i Mixed Classic Pattern&Price Action in chart,
1-Head&Shoulder Target : 2670
2-(0.38 Fibo Level : 2669)
3- Fibonacci TrendBase Extention : 2672
4- Clean Order block 2672 Area ,
5-(wave 3 Minor(almost completed) and we will have some correction to UP)
Totally : 2670-2672 is very Safe for Sell to target 2615-2620 ( for tonight)
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
Christmas gift: buy gold!Bros, gold has fallen back to around 2616 in the short term. Where will gold fall? In fact, from the perspective of the short-term structure, although gold has fallen back twice in the 2635 area and fell below 2620, for the overall structure, gold's performance today is not weak. As long as gold stays above 2612, gold still has the ability to continue to rebound.
So don’t be frightened by the short-term downward trend. The fall in gold is likely to give you an opportunity to go long in gold. Once gold tests the support again, gold is likely to continue its rebound and try to touch 2640 or even 2650.
Bros, this is my Christmas gift to you. Be brave and seize the opportunity to be long gold. Bros, are you going long on gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD BUY ANALYSIS Hello Traders and investor 👋
What do you think about gold today
Current gold price; 2617
Bulls are back and now gold is about
To hit 2643 Wich is our demand zone,
After rejecting 2590 twice market has
Establish a strong bullish trend, from
This position market's first target will be to
Break 2624 resistance and if market successfully breakout this zone then it's
Next target will be 2643
Key points;
Resistance 2624: 2634
Supporting area 2590: 2603
Note:
First target: 2624
Second target: 2643
Stop loss : 2590
Kindly support and like comment ❤️
GOLD: Assessing Recent Market Shifts and Future OutlookFollowing a significant drop triggered by the recent USD economic news, gold prices have begun an intraday recovery from a one-month low of approximately $2,602 as I write this article. The global risk sentiment has notably deteriorated in response to the Federal Reserve's hawkish stance announced on Wednesday. Geopolitical uncertainties and concerns regarding trade conflicts have also contributed to heightened demand for safe-haven assets like gold.
From a technical perspective, the bearish momentum does not appear to be over. There exists the possibility that gold prices could experience a pullback, potentially retesting a previous demand zone that may provide some support.
Furthermore, the Fed’s indication to decelerate the pace of interest rate cuts has resulted in rising yields on US Treasury bonds, which typically strengthens the US dollar. This dynamic may serve to limit any further upward movement for gold, which does not yield interest, making it less attractive in comparison to interest-bearing assets. As a result, traders with bullish positions should exercise caution as the market navigates these complex influences.
Previous Forecast :
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GOLD-BUY strategy 12 hourly chartGOLD has been trading in a slightly wide range, and the timing of it has been quite difficult, I feel. From technical perspective, it seems building a case for up move by stochastic, and especially nearing the GANN resistance at $ 2,645, which I think may break upwards en route $ 2,700 again.
Strategy BUY @ $ 2,600-2,620 and take profit near $ 2,697 for now.
Back Up The TruckSome believe gold has finished it's bull run, old hat from the late 70's folks say they have seen this before and calling a crash.
The Oct/Nov highs were ripe for a correction only, a wave four sideways triangle.
This building structure has perhaps only a matter of days before breaking out, buy at today's support or wait for the upper breakout for confirmation.
The coming wave five breakout will be strong, could coincide with geopolitical events.
Upside in precious metals has much much further to go, the current stage is only folks getting interested...the coming chaos by design will usher in a stampede. There is insufficient PM's right now for delivery should holders request their holdings.
Your opportunity to purchase PM's now, will prove prudent and wise.
Appreciate a thumbs up, good trading and God Bless you all!
How does gold price change on weekends? What should you note?Hello everyone, Ben here!
Last week, we witnessed a significant drop in gold prices. At one point, gold prices fell to a low of $2,583. Currently, gold is trading around $2,627, stabilizing over the week.
It is clear that the hawkish signal from the Federal Reserve (Fed) last week, indicating that they will slow the pace of rate cuts in 2025, supported the US Dollar (USD) to remain near its two-year high and acted as a drag on the non-yielding gold metal. Additionally, a positive risk trend contributed to limiting the gains of this precious metal.
However, geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war, continue to provide some support for gold as a safe-haven asset. Furthermore, a modest pullback in US Treasury yields has supported a mild buying tone amid thin trading volumes during Christmas Eve.
Therefore, it would be wise to wait for some follow-through buying before positioning for any further recovery from last week’s one-month low.
The projected price increase is expected to reach $2,650. What do you think about this?
Sincerely,
Bentradegold!
Gold Likely Reached the Bottom Near 2644Gold Likely Reached the Bottom Near 2644
On Thursday, a bearish wave began, driven by speculations about the upcoming CPI and PPI data and the potential interest rate decision by the FOMC on Wednesday, December 18.
The market is expecting a 25 bps rate cut from the FED, similar to the previous decisions, so it will not be a surprise. Trump's election victory is not expected to make a big difference in the FOMC monetary policy statement. There is no need for them to be more or less hawkish now.
Considering that this meeting may not bring any major surprises, as many expect, we should see gold rising further from this area, with the probable bottom reached at 2644 for the time being.
Gold appears to have completed a five-wave bearish wave down and may rise again from this zone, either for another similar wave or a smaller one.
You may find more details in the chart!
Thank you and Good Luck!
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