COPPER📊 #COPPER
⏱ TIME: 30M
📝You can enter this position by breaking the ceiling and trendline and consolidating above this.
⭕️risk: MID
📍buy stop: 4.18600
📌TP1: 4.23500 (free)
📌TP2: 4.29000
⛔️SL: 4.13300
Metals
4H BTC brief analyseBTC is taking a rest after fierce upward moving.
We will find out later where BTC will be heading to up or down, after a-b-c wave hit at 4hour.
This my trading scenario so that please always beware yourself not to get influenced too much.
Always plan before placing an position and setting up the stop loss.
World gold price decreasedDespite the decrease, world gold still maintains the level of 2,630 USD/ounce. Neils Christensen - an analyst at Kitco News commented that gold prices are anchored high as this precious metal continues to reflect uncertain geopolitical changes related to the upcoming administration of President-elect Donald Trump. .
However, one market analyst still expects the gold bullish trend to continue until 2025. In a recent interview with Kitco News, Nitesh Shah - Head of Macroeconomics & Commodities Research Model at WisdomTree, said he expects the US dollar to fall by 2025, creating favorable conditions for gold prices to rise.
At the same time, Shah said that the Federal Reserve's (FED) easing cycle will help push bond yields lower, another positive factor for higher gold prices.
The newly released minutes of the FED's November meeting provide important information about the central bank's economic outlook. Fed officials expressed growing confidence in the economy's trajectory, especially regarding inflation and the labor market. The minutes showed policymakers believe inflation is gradually moving toward the Fed's 2% target and that the labor market is currently strong.
Don't expect seasonality to save gold's baconWe're at that time of the year that gold tends to outperform. Yet with bigger drivers behind the wheel, I doubt that gold's 5% rebound will extend through to December. In fact, I'm now looking for short entries. Using stats from seasonality, ETF flows and market positioning, I outline my base for bears before highlighting key levels for them to consider.
MS.
GOLD is getting ready to break out!I think we should get a move to break out to the upside and start making new highs on Gold. US will have a Holiday this week so that will leave the dollar struggling on momentum. Trying to catch a piece of the move up.
GOLD at Critical Levels: Breakout or Rejection Looms?The XAU/USD chart indicates consolidation near a supply zone. This indecision reflects a potential breakout or breakdown setup:
Upside Potential: A clean break above the consolidation zone could signal a bullish continuation, targeting the next resistance levels.
Downside Risk: A failure to sustain higher prices may trigger a sell-off back toward the demand zones.
A rejection at this resistance zone could result in a sell-off towards lower support levels around 2,619.65, 2,616.00, and potentially lower. Watch for bearish price action signals at the resistance zone to confirm this move.
XAU/USD 26.11.2024OANDA:XAUUSD
Hello Traders, after November 25, the market moved down as calculated. I would now interpret this as a small ABC correction (orange count). I am currently looking for bullish momentum for the move from B to C.
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 2,656.94
1st Support: 2,606.39
1st Resistance: 2,709.10
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Silver AnalysisThe chart is in a bearish phase on the daily timeframe. Given the price movement, support around the 29.140 level is not unexpected. With proper risk management, a buy position can be considered in this area.
This analysis is based on price action, multi-timeframe analysis, and ICT (Inner Circle Trader) methodology.
This analysis is brought to you by the FXonbit Traders Team
Easy money 200 pips, Xauusd GOLDIn Bigger picture Gold is on Downtrend, momentum of sells has decreased, buyers are tryin pushing higher, if a candle closes above resistance its an easy buy, use risk managment,,..
Still sticking to long goldBros, as I said in the last article, gold still failed to fall below the 2605-2600 area, and even failed to fall below 2610, even in the process of falling, and the falling low point is gradually shifting upward, and there is still a certain buying support below. Now gold is still a bargain, so in terms of trading, I still advocate long gold.
And I have already longed gold near 2626 and 2618 according to my plan, and now I expect gold to rebound to around 2640. Of course, I still haven't given up my target of 2650-2660.
Bros, are you long 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!
Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance:
Click chart above to see the detailed analysis👆🏻
Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level.
Levels to watch: $2.700, $2.050
Keep your long term vision,
Philip (BasicTrading)
Heading into overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,659.61
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,713.45
Why we like it:
There is an overlap resistance level.
Take profit: 2,577.91
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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$GOLD BREAKING DOWN ?As we can see gold is struggling to pass the 2632.00$ key level which is now playing as a strong resistance in the 1h tf and i think we will see gold going down more into the bleu highlighted zone (FVG).
Key levels to watch : 2632.00 // 2603.00
Also the fundamentals suggest that gold is bearish
Gold Analysis: Straddling the Fence Amid Market UncertaintyIt’s pretty interesting to read comments and trading ideas on forums during these uncertain times. Right now, 9 out of 10 traders are saying to sell or hold short positions if they have them. They’re referencing MACD, EMA, charts, stars, the mood of their pets (just kidding, but hey, it’s a possibility) and other indicators.
I analyze the chart differently, always keeping an eye on my indicators, which I’m sure you’re aware of since I talk about them all the time.
So, looking at the Gold chart right now, the question is: who’s suffering more, the bulls or the bears? Honestly, it’s not clear-cut. If you ignore the chart and just look at the exchange data and positions, it’s pretty much 50/50. But there’s a solid call option for a rise with a strike at $3000 that popped up right after the drop to 2620, which is a positive sign.
Overall, I’m “sitting on the fence,” and I’d recommend you do the same. News is coming soon, and I have a feeling there might be some bloodshed in the market.
GOLD ROUTE MAP UPDATEHey Everyone,
Ano0ther great day on the charts with our plans to buy dips playing out perfectly from our weighted levels.
Yesterday after completing the retracement range we got the lock below 2657 opening the swing range and completed the first level of the swing range. Today the full swing range was completed and gave the weighted bounce of more than 40 pips, inline with our plans to buy dips.
We are now patiently waiting for the full swing into 2657 but out of all positions, as we are keeping in mind the break below the swing range that may open the range below into 2598.
We will now also move onto our 4h chart idea shared Sunday to track the range below if needed for the 4h chart swing 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
GOLD Long From Support! Buy!
Hello,Traders!
GOLD is approaching a
Horizontal support of 2600$
And after the retest we
Will be expecting a local
Bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Bullish channel in to Imbalance (GOLD)price doesn't look great today, but I see a potential setup to go long. I need to see the price break above the 1-minute lower-high (LH) swing level. Once that happens, I can look for a Fair Value Gap (FVG), imbalance, or other indicators. I will only take a trade after the price retraces to a FVG, imbalance, or order block, and I will look for a bullish momentum candle in those areas of interest.
Gold-> continue to drop to $ 2600. What will happen?Hello, dear friends, this is Ben!
Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark.
Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations.
Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday.
Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form.
Resistance levels: 2634, 2649, 2663
Support levels: 2618, 2607, 2600
If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
GOLD → A break of 2600 will make buyers panicFX:XAUUSD is returning to the sell-off phase due to the change of fundamental background. Buyers are unwinding their positions and the price is entering the sell-off zone
The main reason for the fall is the ceasefire between Israel and Hezbollah. The first rumors appeared early Monday morning and the market reacted accordingly. Everyone is still waiting for the actual confirmation of the rumors.
Also Trump is beginning to hint at increased tariffs on goods from Canada, Mexico and China. Active actions will start in January, after the inauguration of the new US president.
But, the risks are still high due to the escalated conflict between Russia and Ukraine.
Technically, gold is returning to the channel, marking a strong resistance at 2632 and 2620. (a retest of the zone is possible before a further fall).
Resistance levels: 2632, 2620
Support levels: 2605
A price consolidation below 2620 or below 2605 will strengthen the sell-off phase. The fundamental background is weak, which increases the pressure of bears. In the mid-term, I expect the decline to continue after the breakdown of 2605-2600
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
GOLD FURTHER SELL OFF?! (UPDATE)After a strong 1,000+ PIPS sell off yesterday, bearish momentum is still holding strong on Gold & keeping prices down. Yesterday's sell off would be considered as Wave 1 of the Bearish correction, which means any minor wave 2 correction we see, this would be your chance to get into sell positions if you haven't already.
I will be looking to get into further sell positions for my Gold Fund investors if market structure offers the opportunity. I will NOT be sharing my additional entries on here for free.
XAUUSD: Market Analysis Today 26/11The upper resistance is around 2640 and the lower support is around 2615. The market may run like this
Gold may continue to rebound to the 2650-2660 areaBros, after testing the support of the 2605-2600 area, gold rebounded again. The current highest has rebounded to around 2633. Will gold continue to rise?
In fact, gold fell from around 2721 yesterday and has now reached a low of around 2605. Although the decline has exceeded $116, it has not effectively destroyed the long structure, so gold still has the possibility of continuing to rebound upward. Judging from the current structure, the short trend of gold has not ended, but before continuing the short trend, gold may still rebound to the 2640-2650 area, or even the 2655-2665 area in the short-term structure, and then continue the short trend.
Therefore, if gold retests to the 2620-2610 area, we can consider going long on gold again. Bros, 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!
