GOLD NEXT MOVEIt seems like you're analyzing the price movement of XAU/USD (Gold vs US Dollar) and observing that the market has recently broken through a key level of 2627. Based on your analysis, you're suggesting that the target could be around 2537 if the breakdown continues.
Here’s a breakdown of your thought process:
Market Breakout at 2627: If the market has broken below this level, it could signal a bearish trend or further downward movement.
Target at 2537: This could be a calculated target based on technical analysis, such as support levels, Fibonacci retracements, or other forms of market structure. The market may be aiming for 2537 if the bearish momentum continues.
However, it's important to watch key support and resistance levels around these points, and consider any potential reversals or market news that could impact the price movement.
Would you like further technical analysis or confirmation on this prediction?
Goldprediction
Analysis of the Downward Trend in Gold Prices This WeekGold prices remained stable above $2,600 in the past week, primarily supported by increasing geopolitical tensions. However, after Donald Trump's victory in the U.S. presidential election, gold still faced pressure to limit its price increase, as the U.S. dollar is expected to be supported by Trump's win.
Regarding gold's recent recovery, after the release of the U.S. Personal Consumption Expenditures (PCE) data earlier this week, which met expectations, market anticipation for a Federal Reserve rate cut in December has risen, driving gold prices higher. Currently, the market is pricing in about a 66% chance of the Fed cutting interest rates by 25 basis points in December, a significant increase from just over 50% a week ago.
Geopolitical tensions in Europe, caused by Russia's missile attack on Ukraine, have also provided support for safe-haven assets like gold. The Israeli military announced on Thursday that their air force had struck a facility in southern Lebanon used by Hezbollah to store medium-range missiles, as both sides accused each other of violating the ceasefire agreement. On Thursday, Russia launched its second major attack this month on Ukraine's energy infrastructure, causing widespread power outages in the country.
Gold OANDA:XAUUSD is generally seen as a safe investment during periods of economic and geopolitical instability.
Gold prices have dropped about 3% this month, hitting a two-month low on November 14. This is mainly due to the strengthening U.S. Dollar since Trump's election, and his tariff policies, which are seen as likely to push inflation higher, thus slowing down the Federal Reserve’s rate-cutting cycle.
Next week, the U.S. will release key economic data, including job openings, ADP employment reports, and non-farm payrolls, which could provide direction on the Federal Reserve's policy outlook.
Important Economic Data to Watch Next Week
Monday: ISM Manufacturing PMI
Wednesday: ADP Employment Report, ISM Services PMI, Federal Reserve Chairman Jerome Powell will participate in a panel discussion at the New York Times DealBook Summit
Thursday: Weekly Jobless Claims
Friday: U.S. Non-Farm Payrolls Report, University of Michigan Preliminary Consumer Sentiment
Technical Outlook for XAUUSD (Gold Price)
Gold is attempting to recover but remains limited by the 50% Fibonacci level and the EMA21, as pointed out in yesterday's publication. In terms of overall structure, gold still leans towards a bearish outlook, with the main trend indicated by the price channel (a) and resistance from the EMA21. The Relative Strength Index (RSI) has also not yet surpassed the 50 level. Therefore, in terms of trend and momentum, gold is more likely to face downward pressure rather than rise.
As long as gold stays within the price channel (a), it does not meet the technical conditions for a long-term price increase, so any rallies should be viewed as short-term recoveries.
In the short term, if gold drops below the 0.618% Fibonacci retracement level, the next target for a decline would be around the $2,600 level.
In conclusion, the technical outlook for gold on the daily chart is bearish, with the following key levels to watch:
Support: $2,634 – $2,606 – $2,600
Resistance: $2,663 – $2,693
However, traders must note that in the context of geopolitical conflicts, technical structures can be broken very quickly due to sudden, impactful events. Therefore, the risk will be higher in the short term.
This concludes the article. Henry wishes for a healthy, joyful, and happy weekend.
Gold is in the bullish directionHello 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
SHOULD 2600 HOLD, WHAT NEXT?In my previous video on gold on Oct 27, we established that we would expect price to find the top at 2790 with a directional vector of 1055 units, an octave expansion (2.016) of the 2019 bull market that led to the Corona crush top. We compared the similarity of the 2020 crush to what was to come the following week.
Today, we will examine the possible change in price direction if the market continues to follow the same fractal pattern.
Should the 2600 major price level hold, expect a quick price recovery towards 2875.
The 2875 resistance top should be the top of the first sub-cycle within cycle 3 (current cycle).
This should happen in the same week as Christmas.
XAU/USD Analysis – 1-Day Time FrameXAU/USD Analysis – 1-Day Time Frame
Over the past month, XAU/USD has been bearish. However, we recently saw a reversal, with the price testing a key resistance zone at 2718. Following this, the price retraced sharply to 2608 before starting to climb again.
Potential Trade Setups:
Short Opportunity at 2675:
As the price approaches the 2675 resistance level, watch for a strong rejection signal, such as a prominent wick or a significant red candle. This could indicate a potential short opportunity.
Break and Retest for a Buy Opportunity:
If the price breaks through 2675 and closes above it, wait for a retest of this level as a new support zone. Once the price confirms this retest (e.g., through a strong doji or bullish candle), it may provide a favorable buy entry.
Important Notes:
Do not trade this idea blindly. Ensure there is proper confirmation before entering a position. Look for clear candlestick patterns, such as a doji, to validate your entry decision, whether for a long or short trade.
I hope this analysis helps in your trading journey. Don’t forget to like and comment for more ideas like this!
What future lies ahead for gold? $3,600?
Hi dears
I chose the 6-month chart so that we can make the best decision.
I think gold has the potential to reach higher price numbers around $3,000, $3,200 and $3,600 over the next year.
If I were you, if I were looking for a safe one-year investment item, I would definitely choose gold.
What are you waiting for, buddy?
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing EMA5 play between two weighted levels with a gap above at 2668 and a gap below at 2647. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
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
2668
EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET
2696
EMA5 CROSS AND LOCK ABOVE 2696 WILL OPEN THE FOLLOWING BULLISH TARGET
2713
EMA5 CROSS AND LOCK ABOVE 2713 WILL OPEN THE FOLLOWING BULLISH TARGET
2733
BEARISH TARGETS
2647
EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE FOLLOWING BEARISH TARGET
2631
EMA5 CROSS AND LOCK BELOW 2631 WILL OPEN THE SWING RANGE
SWING RANGE
2609 - 2592
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 UPSIDE IDEAPrevious idea cause us to think about 2770 zone for shorts. but price retrace, I conclude this idea can go higher either.
This is only my view. my longterm target would be the previous ATH.
this is not a financial advice. stoploss at below the candle of 2581. so you could have small stoploss at 2577.
Trade wisely.
Goodluck. Ciao....
XAUUSD Holding benefit After nine months of watching the charts, today's XAU/USD candlestick stands out as a remarkable shift in market sentiment. It tells a story of renewed energy in gold's journey, signaling potential opportunities ahead. The market's behavior today reflects the culmination of months of consolidation, hinting at a possible breakout or new trend formation. Such moments remind us why patience in trading is key, as significant moves often follow extended periods of quiet. This candlestick isn’t just a technical signal—it’s a reflection of changing global dynamics and market forces converging on gold’s timeless appeal.
GOLD ROUTE MAP UPDATEHey Everyone,
A fantastic finish to the week after completing our full swing range twice on our 1h chart. We finish off the week with an update on the 4h chart we shared last Sunday.
We started the week with bearish gap completed below at 2694, with ema5 cross and lock opening 2654, which was also hit and then followed with another lock below 2654 opening 2611 to complete the retracement range.
- This was completed perfectly with no further lock below 2611, confirming the rejection and giving our weighted level bounce exactly like we always state on our analysis.
The beauty of our strategy allows us to trade buys with the Bull and when bearish like this week; we are able to use our weighted levels to buy dips from the bounces, perfectly inline with our plans to buy dips.
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
Silver 4hr Timeframe Silver has risen by 3.90% in just over a day. I anticipate a reaction around the 30.7399–30.8383 zone due to multiple confluences, including a reversal point, a 4-hour order block, the 0.618 Fibonacci level, an ascending trendline from November 13th, and structural factors. This area presents a potential sell opportunity, with a target drop to the 30.2753 level.
Meanwhile, gold is approaching my area of interest, which appears to be another promising sell setup. If both gold and silver align as sell opportunities, it’s a strong indication of market synchronization, increasing the likelihood of this scenario playing out.
Dollar Index Basket
Is now reacting off my area of interest I expect double tap to then move higher
Gold 1hr
my area of interest for gold 2669.412 -2673.545
XAUUSD PRICE WILL SIDE WAYS IN THE 2657- 2660 will bounce up?XAUUSD Gold is displaying signs of potential recovery, hinting at a possible bounce back to the 2670 level. Recent market dynamics suggest that gold may regain strength as investors seek safe-haven assets amidst global uncertainties. Traders should closely monitor key support zones, technical indicators, and fundamental catalysts, which could pave the way for bullish momentum. A break above critical resistance levels could validate this upward trajectory, making 2670 a realistic target in the coming sessions.
GOLD 1HR CHART BACK TESTING OR..Backtesting in the gold market is a critical process that leverages historical price data to assess the viability and performance of trading strategies over a defined time period. By simulating trades and market conditions from the past, traders gain insights into how their strategies would have performed under varying market scenarios, including periods of volatility and stability. This detailed analysis helps identify strengths, weaknesses, and potential risks within a strategy, allowing for adjustments and refinements before applying it in live trading. In the context of the gold market, where price movements can be influenced by global economic factors, geopolitical tensions, and currency fluctuations, robust backtesting serves as an essential tool for developing informed and resilient trading approaches...
XAUUSD last trade chart Gold (XAUUSD) surges higher, marking a strong bullish recovery in the latest trading session. The price action hints at growing demand, with buyers stepping in near key support levels. A breakout above critical resistance zones could pave the way for further upward momentum. Traders are watching closely for confirmations of the trend continuation, while risk management remains crucial amid potential market volatility..
Gold price analysis November 29Gold has formed an upward channel and is trading within that price range, 2679-2680 has become the destination and also the most important resistance zone today. Gold is facing some selling pressure at 2665, so the 2665 zone has become the immediate port zone that Gold will encounter when it wants to surpass 2680. The possibility of a sell-off at the end of the day is possible, so when the price channel is broken, that is, breaking the important zone of 2650, Gold will soon find 2605 and 2585 again.
Wishing you a successful trading day
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our analysis playing out, as analysed.
After completing the full swing range test and swing action yesterday, we stated that we were now waiting for ema5 lock above 2657 for a continuation or a lock below the swing range will open the levels below.
2657 Goldturn failed to break and followed with the rejection back into the swing range at 2620. No lock below 2620 confirmed the rejection for the bounce, inline with our plans to buy dips.
We will continue to see play between both these weighted levels and will need to see ema5 cross and lock to confirm the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
SWING RANGE
2638 (DONE) - 2620 (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
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Gold can give 2670 in Next Move! Read Chart and CaptionHello Trades
we can see a triangle in every time frame from 3min to 8H and breakout successfully in 15min to 1H here we can see good updside move till 2670 gold is fully bullish, here we can place buy order and our SL would be 2627 and Tp is 2662, 2669. all technical chart and candle patterns showing bullish so i am in.
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