GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week!!!!
Yesterday we got the swing range activation and caught a nice move up but the full swing range was not compete.
This followed with another test on the swing range allowing us to catch the move again, inline with our plans to buy dips.
The full move into 2630 completed the full swing today, catching over 400 pips.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldprediction
GOLD ROUTE MAP UPDATEHey Everyone,
What can I say...we totally smashed the pips today !!!
Our chart idea and levels were respected perfectly allowing us to track the movement down with ema5 cross and lock confirmations on our weighted levels, giving us the bounces.
The break from the retracement range opened and completed the swing range, which did exactly what it says on the tin giving us the full swing, which we were able to catch for a clean 280pips!!
The beauty of our strategy to buy dips from our weighted levels allows us to catch pips regardless which way the market goes.
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
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2682
EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2645 - DONE
EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET
2628 - DONE
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2606 - 2586 - 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
Don’t worry when buying gold at the bottom
The Fed's interest rate decision on Wednesday and Powell's subsequent speech, although the interest rate was cut by 25 basis points as expected, its "hawkish" tone had a significant impact on the price of gold. The Fed lowered its expectations for future easing policies, predicting only two interest rate cuts of 25 basis points in 2025, lower than the previous forecast. This shows that the Fed is more concerned about inflation risks and remains cautious about economic growth.
This policy shift resonates with strong US economic data, further strengthening the market's expectations for the Fed's future policies. The final value of US GDP in the third quarter was revised up to 3.1%, higher than expected, and the number of initial jobless claims also fell sharply, showing that the labor market is still strong. These data show that the resilience of the US economy is stronger than expected, providing support for the Fed to maintain a relatively tight monetary policy.
For the gold market, the Fed's "hawkish" stance has put significant pressure on gold prices. As a non-interest-bearing asset, gold's price is negatively correlated with interest rates. A low interest rate environment is usually good for gold because it reduces the opportunity cost of holding gold. However, the Fed has hinted at a slower pace of rate cuts, or even a pause, raising the opportunity cost of holding gold, dampening demand for the metal. The strengthening of the U.S. dollar index has also had a negative impact on gold prices denominated in U.S. dollars.
The market is currently divided over expectations for inflation. While recent inflation data has retreated, it is still above the Fed’s target level. Fed officials have also expressed concerns about persistently high inflation. The upcoming core PCE data (the Fed’s preferred inflation indicator) will be the focus of market attention, and the results will have an important impact on gold prices. If the data shows persistently high inflation, it could push up gold prices; otherwise, it could put further pressure on gold prices.
While the Russia-Ukraine conflict is still ongoing, the market has adapted to its impact on the global economy and financial markets. Recently, some geopolitical events have had a relatively short-lived and limited impact on gold prices.
Market sentiment plays an important role in gold price fluctuations. Recent stock market volatility reflects investors’ concerns about the outlook for global economic growth, which could boost demand for gold as a safe-haven asset. However, strong economic data and the Fed's "hawkish" stance have eased market concerns about risky assets to a certain extent, weakening the safe-haven function of gold.
1 The Fed hinted that it will slow down the pace of interest rate cuts in the future, which will put some pressure on gold.
2 The speed of global economic growth will affect investors' preference for risky assets, weakening the safe-haven function of gold.
3 The current 1-hour downward trend of gold is clear.
In summary, the current short-term trend of gold is weak. Today, investors are paying attention to the pressure area of the 1-hour downward trend line above, and gold will be shorted after adjustment under pressure.
Xauusd for a selling opportunity from the H1According to the lower timeframe, I'm personally looking for a selling opportunity from the H1 resistance area because it's a major zone for sellers.
Now the price consolidating between the parallel channel, but we can expect, it will break the resistance and move towards the major resistance area.
But if the price successfully breaks our channel downside, then we will start placing our stop orders.
Target:- 2588.00 / 2558.53
Let's see how the price will move. CAPITALCOM:GOLD
XAUUSD (Gold) Bullish trade Idea over the breakout of 2604.02 leXAUUSD (Gold) Bullish trade idea over the breakout of 2604.02 level.
Gold fell on the recent 18 Dec 2024 FOMC, and on 19 Dec 2024 the unemployment data was strong for the US dollar, so now I am watching the buy-side trade idea over the breakout of the 2604.02 level with strong confirmations of price at this level.
The setup must meet the required momentum in the price. The sentiments also show the price will move as per the data revelled from various sites.
Setup;
Gold Buy at level: 2604.2-2605.2
Stop Loss: 2599.2 (50 pips) or the low of previous candle
Take Profit; 2623
*Note; If the valid breakout will be found then the setup also valid otherwised find more oppercunity.
GOLD - where is current supporting region? what's next??#GOLD... perfectly placed out targeted area 2597 around so congratulations to all.
now we have 2691-93 as current supporting area so keep close because if market hold it in that case you can see again bounce from here.
but keep in mind that below 2591 we can go for cut n reverse on confirmation.
don't be lazy here, stay sharp.
good luck
trade wisely
XAUUSD Gold price recovers further from one-month low, climbs to $2,620 amid risk-off mood
Gold price attracts some haven flows in the wake of the post-FOMC sell-off in the equity markets. The Fed’s hawkish outlook lifts the US bond yields to a multi-month high and might the XAU/USD. Traders now look to the US Q3 GDP print for some impetus ahead of the US PCE data on FridayFrom a technical perspective, the overnight close below the 100-day Simple Moving Average (SMA), for the first time since October 2023, and the $2,600 mark was seen as a fresh trigger for bearish traders. Moreover, oscillators on the daily chart have just started gaining negative traction and suggest that the path of least resistance for the Gold price remains to the downside. Meanwhile, Thursday's attempted recovery stalls near the $2,618 region, or the 23.6% Fibonacci retracement level of the latest leg down from over a one-month high touched last week. The said area should now act as a pivotal point, above which a fresh bout of a short-covering could lift the XAU/USD towards the $2,635 area, or the 38.2% Fibo., en route to 50% retracement level, around the $2,655-2,656 supply zoneGold price (XAU/USD) builds on its goodish intraday recovery from a one-month low and climbs to a fresh daily high, around the $2,622 area during the early part of the European session on Thursday. The global risk sentiment took a turn for the worse in reaction to the Federal Reserve's (Fed) hawkish cut on Wednesday. This, along with geopolitical risks and trade war fears, turn out to be key factors driving haven flows towards the precious metal.
Meanwhile, the US Dollar (USD) is seen consolidating the previous day's post-FOMC gains to a two-year top and does little to provide any impetus to the Gold price. That said, the Fed's signal that it would slow the pace of interest rate cuts continues to lift the US Treasury bond yields and acts as a tailwind for the buck. This, in turn, might keep a lid on any further gains for the non-yielding yellow metal and warrants some caution for bullish traders
#GOLD READY FOR A PULL BACK ...XAU/USD is showing signs of exhaustion near resistance, suggesting a potential pullback could be on the horizon. Traders should keep an eye on key levels for confirmation, as the price could retest lower support zones. A retracement here might offer fresh buying opportunities if the overall uptrend remains intact. Stay alert for breakout or reversal signals to plan your next move effectively!
Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance:
Click chart above to see the detailed analysis👆🏻
After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
XAU/USD - Gold Long trades"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always, proper risk management is essential. Let's see how this plays out!"
The bullish side breakout of 200 EMA in the 15-minute and 5-minute charts can be a good sign of a market uptrend.
Entry 1st zone - 2630-2640
Entry 2nd zone - 2673-2683
Entry 3rd zone - 2726-2736
Gold price analysis December 19⭐️Fundamental Analysis
Gold prices fell sharply due to the impact of the Fed's less dovish outlook.
Fed Chairman Powell emphasized cautious policy in the context of ongoing high inflation risks.
The Fed forecasts inflation target to reach 2% in the next 1-2 years, indicating slow progress.
The latest dot chart shows few interest rate cuts until 2026, stabilizing the Fed funds rate at 3.4%.
⭐️Technical Analysis
Gold prices fell to the 2685 area and were accepted by buyers to push prices up around 2610 in the Asian session. If the European session fails to break 2613, Gold will continue to fall in the European session and the destination is relatively far away at 2585-2558. In case the resistance zone at 2613 is broken, the direction is towards 2633, which is the first corrective wave SELL zone and the second corrective wave SELL zone around 2663
GOLD - At Resistance? whats next??#GOLD.. perfect move as per our video analysis and congratulations to all.
now market is just near to his resistance area that is 2627 28
in today we have that key level 2627 28
keep close it and in case of holding that area you can see a drop towards today supporting areas.
good luck
trade wisely
GOLD UPDATES A meaningful patience for Longs, I bet you getting in before the zone. Lets get in the trade at this price level. 2613.
Sl at your own risk.
See the targets above. atleast 2.31 fibs or 2900$ per ounce of GOLD.
This is only view. This is not a financial advice either.
Trade with caution. trade with stoploss. Follow for more Longterm/Swing trades.
As the FED says -0.25%. we see a higher GOLD prices before year end or starting of the Year 2025.
Gold Next MoveIn my previous set, as i said i will take long trade at the price 2643 and our sl was 2630, it was running 200 pips and changed the trend into bearish so that i took short trade in fomc and Alhamdulillah got it.
Now trend is bearish, i will take short position.
Timeframe :
D1 support broke + trendline broke
H4 demand broke + failed eng
H1 demand broke + bearish eng
D1 has broke the support and has broke trendline, H4 has broke demand zone and has failed engulfing, H1 has demand zone broke and has bearish engulfing.
Entry :
I will take entry according to H1 TF, entry point is 2639 above the bearish engulfing. Stop loss 2661 and target is 2561.
Gold entered into a bearish structure after breaking channelHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Summary of 12.21 Golden WeekendThis week, gold experienced continuous shrinkage, but we also followed the trend and finally won a great victory. Our members also successfully completed the goals set at the beginning of the week.
Finally, I wish you all a happy weekend. Let us continue to complete our profit plan next week.
12.20 Gold short-term short-selling trend remains unchangedAgainst the backdrop of changes in the Fed's expectations for a rate cut in 2025, and the reduction in the number of rate cuts and the reduction in the magnitude, the gold market plunged sharply on Wednesday night. Although there was a rebound on Thursday, the price once reached 2626. However, it should be noted that this seemingly strong rebound is actually a bullish counterattack after the decline, and it is difficult to reverse the overall downward trend.
From the daily trend pattern, the closing line of the high-rise and fall leaves a long upper shadow, which means that the increase cannot be maintained and the strong pattern is difficult to return.
This rebound, on the one hand, vented the resistance of the bulls, and on the other hand, it confirmed the pullback of the previous bottom support and completed the top-bottom conversion. Once the key support level is broken, the bears will continue. In addition, after the short-term touches the whole hundred mark, there will be repeated situations. From the technical perspective, whether it is rising or falling in the short-term, after touching the whole hundred mark, there will be short-term repetitions. Therefore, after yesterday's decline and the price fell below 2600, it is normal for the price to rebound.
Although the current market has not started to fall, it is very difficult for the price to return to the original support level, and the downward trend has become a high probability event.
Today's trading strategy:
SELL: 2620 Target 2600 90 80
12.20 Gold Short-term Operation Analysis StrategyYesterday, the gold market opened at 2645.2 in the morning, and then the market rose slightly. The daily line reached a high of 2652, and then the market was in a range. Before 3 am, the daily line reached a low of 2632.9, and then the market was in a range. Although the Fed cut interest rates by 25 basis points in the early morning, the dot plot showed that the rate cuts next year would be reduced from 4 to 2, and the Fed Chairman later confirmed that the market broke through and fell sharply. The daily line reached a low of 2583.1, and then the market was in a range. The daily line finally closed After the line reached 2585.2, the daily line closed with a saturated large negative line with a slightly longer upper shadow line. After this pattern ended, the rebound trend was destroyed. The market has a need to continue to fall back within a certain period of time. In terms of points, the short position at 2600 this morning was reduced and the stop loss was followed up at 2602. Today's market first rose to give a 2600 short conservative 2612 short stop loss of 2616. The lower targets are 2590 and 2583. If it falls below, it will focus on the 2572 and 2563-2554 support range.