Gold profit target this week is 300%I posted the same gold analysis a few hours ago. It has hit our sell zone and is falling. Waiting to reach the TP position. I will share trading strategies for the market every day. You can click on my link
Xauusdsell
Gold Rally Continues as CPI Data Set to Drive the Next MoveCurrently, the gold market is supported by escalating geopolitical tensions and the strong market expectation of an interest rate cut by the Federal Reserve next week. Gold prices have now approached the $2700 level. From a technical perspective, gold has broken above the 50-day moving average, with the Relative Strength Index (RSI) showing a bullish signal, indicating strong upward momentum. The U.S. Consumer Price Index (CPI) for November will be released in two hours, and this report could significantly influence the Federal Reserve's interest rate decisions at their meeting on December 17-18.
If the U.S. CPI data comes in weaker than expected, it may strengthen the market's expectation of Fed rate cuts in the coming months, which would push gold prices higher towards the November 25 high of $2721. Therefore, gold's short-term direction will largely depend on today's CPI data, and I believe the data will be supportive for gold prices.
Today's Strategy:
Long Position on Pullback: Consider going long if gold retraces to the 2690-2695 region, leveraging the current technical setup and market sentiment.
Wait for CPI Data: It is advisable to await the release of CPI data and adjust positions based on market reaction.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management and without over-leveraging.
The only chance to short gold!As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area.
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? 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 Breaks Key Resistance Bullish Momentum Expected to ContinueSpot gold continues to extend yesterday’s bullish momentum, driven by a combination of factors, including growing concerns over global geopolitical tensions, an increased demand for safe-haven assets, and market expectations of potential rate cuts from the Federal Reserve. These fundamental factors have provided strong support for gold prices.
From a technical perspective, spot gold has successfully broken above and closed above the key resistance level of $2660. This breakout has provided fresh momentum for bulls, and indicators on the daily chart, such as the RSI and MACD, show positive upward momentum, suggesting gold could continue to test the $2700 mark in the near term.
Today’s Strategy:
Long Position on Pullback: Consider entering long positions if gold retraces to the 2665-2670 region, capitalizing on the current bullish momentum. If prices break and hold above $2700, further upward movement is likely.
Risk Management: Given the high volatility in the gold market, it is essential to implement strict stop-loss orders to protect against sharp price fluctuations due to unforeseen events.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management in place and avoid over-leveraging.
Targeting 2687 After Solid GainsToday, after buying near 2658, we reached our target of 2666-2673 and made a good profit. The market then pulled back, releasing some selling pressure before returning to around 2670. We still need to watch the resistance at 2673. Based on the current trend, it looks likely to break. Therefore, the next target could be higher, ideally 2687. If the selling pressure is too strong, once the price hits 2680, it's a good point to close the position.
Gold Market Analysis 12/09During the U.S. trading session today, gold surged again but faced strong selling pressure in the 2673-2678 range, causing the price to drop. It is now at the first support level, and we expect a short-term bottom to form in the 2658-2648 range. This support zone presents a buying opportunity, with a rebound target near 2666-2673.
Friends who hold short positions in gold, what should we do now?Bros, gold once rose to around 2676, but fortunately it has started to fall back now. To be honest, today's gold trading is in trouble. I originally wanted to short gold around 2660 now, and then go long gold around 2645 after gold fell back. However, gold only touched 2653 several times during the decline and then rebounded again. So I have held my short position until now, and then added the same position around 2675 to continue shorting gold. Once put me in a passive position in today's gold trading.
The better thing now is that gold has started to fall back to around 2668. Although I still have floating losses, it is much better than just now! Come on, brothers! We still have hope for turning losses into profits, so wish us good luck!
Bros, do you think my gold short position still has a chance to turn losses into profits?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!
I've already started shorting gold,and you?Bros, as I mentioned in my last article, gold rose to around 2660 as expected, but did not effectively break through, and the overall situation is still in the range of fluctuations.
So in terms of trading, as I said in my last article, although from a structural point of view, it is conducive to supporting the rise of gold. But I did not chase the rise of gold directly. On the contrary, according to my trading strategy, I took 2660-2670 as the resistance area and shorted gold at 2660.33 as the transaction price.
On the other hand, gold is in the range of fluctuations, so if gold wants to continue to rise, it must increase the liquidity of long positions, so gold needs to fall back to attract more long funds, so gold still has the need to fall back.
Bros, have you also shorted gold?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!
XAU Monday! continue sideway below 2655⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) finds some support at the start of the week, building on Friday’s rebound from the $2,614-2,613 zone, though it remains range-bound over the past two weeks. Friday's US Nonfarm Payrolls (NFP) report reinforced expectations of a Federal Reserve (Fed) rate cut in December, keeping US Treasury yields subdued and providing a boost to the non-yielding gold.
Additionally, a cautious market mood driven by political unrest in South Korea, geopolitical tensions, and trade war concerns further supports the safe-haven metal. However, growing speculation that the Fed might slow or pause its rate cuts in January helps the US Dollar (USD) extend its modest recovery from a near one-month low, which could limit significant upside for XAU/USD.
⭐️Personal comments NOVA:
The sideway price range in early December can last for a long time, buyers and sellers compete in the price range of 2600-2700.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2655 - $2657 SL $2662
TP1: $2645
TP2: $2638
TP3: $2622
🔥BUY GOLD zone: $2614 - $2612 SL $2607
TP1: $2625
TP2: $2638
TP3: $2650
⭐️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
First short gold, then go long gold!Bros, this week's new trading journey begins from now!
Gold rebounded again under the support of safe-haven buying, and now it has reached around 2658. To be honest, gold is currently in a relatively obvious upward arrangement, and there is still room for gold to continue to rise.
However, overall, gold has not yet escaped the scope of shocks, so it is not good to directly chase gold near 2658, and the current strength of gold's rise is not firm. Gold needs to fall back to increase the liquidity of gold bulls, so we might as well consider trying to short gold with 2660-2670 as resistance, and wait for gold to fall back to the appropriate area before participating in long gold!
Bros, let's try to short gold first, and then wait patiently for gold to fall back before re-participating in long gold!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 Sell Limit OrderI think this area is goo to set a sell order.
Let's see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
High-level shock and callback strategyGeopolitical Tensions Drive Short-Term Gold Rally – Strategic Approach for the Next Move
In recent sessions, geopolitical tensions, particularly Israel's military actions in Syria, have spurred risk-off sentiment, driving gold prices higher in early trading. However, despite the short-term surge fueled by geopolitical risks, gold prices have failed to break above last week's key resistance level at 2655. Given that gold is currently trading at historical highs, a correction or consolidation at these levels seems likely.
We believe this rally is primarily driven by short-term geopolitical risk factors, rather than fundamental support. Once the market has priced in these risks, gold prices are likely to undergo a pullback, creating more favorable conditions for a long position at lower levels.
Today's Strategy Recommendations:
Short Strategy at Key Resistance: If gold rises above 2655, consider implementing a short position. If the price breaks above 2660, additional short positions can be added, anticipating downward pressure in the near term.
Wait for Pullback to Enter Long: It is recommended to wait for a price pullback to a suitable support level before considering a long position. Exact entry points will depend on market reactions and technical signals.
Disclaimer: This analysis is for informational purposes only. All trades should be executed with strict risk management in place, avoiding over-leveraging and ensuring capital protection.
Gold's Short-Term Volatility and Long-Term OutlookExplosive Weekend News: The Syrian President Assad has abandoned the country, and the anti-government forces have won in this wave of unrest. The biggest beneficiary of this is not Israel, but the United States! Their control over the Middle East has reached its peak, and many domestic issues will now open breakthrough opportunities, significantly boosting the speed of economic recovery.
Syria’s loss has been devastating for Russia and Iran due to tactical errors. Iran’s strategic arc has been broken, and Russia has lost important strategic points, undoing over a decade of planning.
The unrest caused gold to gap higher today, but the expectations for the U.S. economy have led to a pullback in gold prices. Despite the ongoing turmoil, if this situation continues to develop, the U.S. dollar will inevitably emerge as the ultimate winner. Gold prices may gradually retreat after reaching a peak
This is based on an analysis of the international situation, and it represents a long-term strategic outlook.
Short-Term Outlook: Due to the ongoing turmoil, gold’s safe-haven demand remains intact. Technically, 2628-2618 is an important support zone, with resistance still focusing on the 2643-2652 area.
XAUUSD Gold price (XAU/USD) struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to stick to modest gains through the first half of the European session. The US Treasury bond yields remain suppressed amid bets that the Federal Reserve (Fed) will lower borrowing costs in December. This, in turn, keeps the US Dollar (USD) near a multi-week low and acts as a tailwind for the non-yielding yellow metal. Apart from this, a slight deterioration in the global risk sentiment, geopolitical tensions and trade war fears turn out to be other factors underpinning the safe-haven Gold price. That said, expectations for a less dovish Fed, bolstered by hopes that US President-elect Donald Trump's policies will boost inflation, keep a lid on any further gains for the XAU/USD. Traders also seem reluctant to place aggressive directional bets ahead of the release of the US Nonfarm Payrolls (NFP) report. Gold has experienced a growth wave, peaking at 2,666.35, followed by a correction down to 2,616.60. A new growth impulse towards 2,663.00 is underway, and we anticipate the formation of a consolidation range around this level. If the price breaks upward, it may continue its ascent towards 2,714.00. The MACD indicator supports this bullish outlook, with its signal line hovering near zero and pointing upwards
XAU continue SIDEWAY ! long term accumulation ! under 2700✍️ NOVA hello everyone, Let's comment on gold price next week from 12/09 - 12/13/2024
🔥 World situation:
Gold price (XAU/USD) dipped below $2,630 during North American trading on Friday following the release of the US Nonfarm Payrolls (NFP) data for November. The decline came as the labor market report revealed stronger-than-expected hiring, with 227K new jobs added compared to the forecast of 200K. The Unemployment Rate aligned with expectations, rising to 4.2%.
Steady labor market growth has reinforced expectations for the Federal Reserve (Fed) to implement another rate cut in December. According to the CME FedWatch Tool, the likelihood of a 25-basis-point (bps) rate cut to 4.25%-4.50% this month has climbed to 87%, up from 71% on December 5.
🔥 Identify:
NF data makes gold price continue sideways - no trend break. High price zone ends in 2024. Will continue sideways price zone 2605 - 2688
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2655, $2666, 2688
Support : $2622, $2605, $2587
🔥 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
- The winner is the one who sticks with the market the longest
XAUUSD GOLD Scalp / Day Trade Idea👀 👉 In this video, we analyze the 4-hour chart, highlighting a clear break of structure with evident lower lows and lower highs. While my bias leans toward a short opportunity, we explore both scenarios: a potential long opportunity if the price breaks upward, and a possible short opportunity if it breaks downward. As always, this is not financial advice. 📈
SIDEWAY - big changes are waiting ahead ! XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges lower during Thursday's Asian session but remains within its recent trading range as mixed signals keep traders cautious. Hawkish comments from FOMC members, including Federal Reserve (Fed) Chair Jerome Powell, have reinforced expectations that the Fed will adopt a cautious approach to rate cuts. This has led to a modest rebound in US Treasury bond yields from their lowest levels in over a month, putting pressure on the non-yielding gold price.
⭐️Personal comments NOVA:
Unemployment news today - gold price will continue sideways waiting for NF data tomorrow, price range 2605; 2665 will be noticed in the sideway price zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2665 - $2667 SL $2672
TP1: $2655
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2622 - $2624 SL $2617
TP1: $2630
TP2: $2640
TP3: $2650
⭐️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
Gold Market Analysis 12/06Gold began to rebound after falling to around 2623. Since the 2635 support has been broken, it has now turned into resistance. Therefore, during the rebound, the first resistance to watch is 2635, followed by 2643. This was the highest point reached during the rebound after the price fell to 2635 today, making it an important resistance level. The next key resistance zone is the 2652-2657 area, where the price has recently encountered resistance.
Since tomorrow’s NFP data could have a significant market impact, if the data is bullish, it’s quite possible that gold will rise back above 2650. However, if the data is bearish, the optimal level to consider for support would be around 2608.
The prolonged period of consolidation has trapped many positions during today’s downturn, creating significant selling pressure. Therefore, it’s important to be cautious during trading and avoid blindly chasing prices higher.
This is an ideal market outlook based on current conditions, but always remember that the market is constantly changing. While you can use this analysis as a reference, it’s important to remain flexible during your trades. Don’t stick to rigid strategies—adjust as the market evolves. If you have any doubts or need further guidance, feel free to reach out to me directly. I’m here to help with personalized advice!
Gold Market Analysis 12/05Yesterday, gold faced resistance near 2657 and pulled back. Now, 2652 is acting as resistance again. If it doesn’t break through, gold may test the support around 2635 again. If that level breaks, the next support zone is between 2628-2623. However, if it breaks above 2657 and holds, gold could rise towards the 2666 resistance level.
I recommend trading around these key levels today. With Initial Jobless Claims data coming out, if the market has already chosen a direction before the release, you can trade in the opposite direction based on the trend. This may lead to unexpected profits
Gold Analysis ==>>Expanding Triangle Pattern!!!Gold ( OANDA:XAUUSD )is entering the Resistance zone($2,667-$2,653) .
From the point of view of Classical Technical Analysis , Gold seems to be moving in the Expanding Triangle Pattern during the last 3 days .
In terms of Elliott wave theory , Gold appears to be completing a Zigzag Correction(ABC) . ( Wave B(WXY) was complicated ).
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop to at least $2,642 , and if the Support lines(1,2) break, the Heavy Support zone($2,642-$2,620) can also break.
⚠️Note: You can enter a Short position by considering capital management after finding a trigger near the resistance lines or after breaking the Support zone($2,652-$2,648).⚠️
⚠️Note: However, the next few hours(6:45 pm UTC) of Fed Chair Powell's Speech will greatly impact the Gold trend.⚠️
⚠️Note: If the Resistance lines(upper line of triangle) and the Resistance zone($2,667-$2,653) are broken, we should wait for the Gold pump.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
ADP-NF Is there a chance for gold price to drop to 2605?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Expectations that the Federal Reserve will take a cautious approach to rate cuts, driven by concerns that President-elect Donald Trump's policies could fuel inflation, are supporting a slight rise in US Treasury yields. This provides some strength to the US Dollar (USD) and may pose a challenge for Gold prices. However, XAU/USD remains supported by ongoing geopolitical tensions, uncertainty around Trump's trade tariffs, and fears of a potential second wave of global trade wars.
Traders are now awaiting the US ADP private-sector employment report and the ISM Services PMI for fresh direction in the market.
⭐️Personal comments NOVA:
Gold price narrows sideway zone 2640-2655, about to break the accumulation zone with ADP NF data this week
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2664 - $2666 SL $2669 scalping
TP1: $2658
TP2: $2650
TP3: $2640
🔥SELL GOLD zone: $2688 - $2690 SL $2695
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2615
TP2: $2628
TP3: $2635
⭐️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
Continue to short goldBros, today we shorted gold near 2647 with 2650-2655 as resistance according to the trading plan. The object closed the gold short position manually near 2636 and gained 100 pips, which is a good result.
Just now, gold rebounded from 2632 and has now reached 2657. I still shorted gold again near 2654 as planned. Although gold touched near 2657 during the violent fluctuations, it did not stand strong, so it did not prove the effectiveness of its breakthrough. Moreover, it also faced resistance in the 2660-2665 area above, so gold may face another correction in the short term, it will retrace at least to the 2648-2645 area.
So we can still try to short gold again in the short term, and I have already shorted gold near 2654. Wish us good luck! Bros, did you follow me to short gold? 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 Market Analysis 12/04Yesterday, gold tested the 2635 support multiple times without breaking below it. At one point, prices rose above 2650, which aligns with our expectations. During this consolidation, long positions were quite profitable.
Current Market Outlook:
The consolidation range is gradually narrowing, and today we are likely to see a breakout in one direction.
If prices break upward, the previous high around 2666 will act as a new resistance.
If prices break downward, gold could return to around 2625.
2628 remains an important support level to watch.
Key Factors to Monitor:
Technical Levels:
Support at 2635, 2628, and 2625.
Resistance at 2666.
Geopolitical Considerations:
Keep an eye on the situation in Syria. While the current geopolitical developments have not shown significant positive news for gold bulls, unexpected events could still have an impact on the market.
Risk management is crucial, especially with potential geopolitical volatility.
Risk Management:
Ensure appropriate stop-loss orders are in place, especially given the uncertainty in the geopolitical landscape.
Conclusion:
Gold is currently in a consolidation phase, and a breakout in either direction is imminent. Stay vigilant and adjust your strategy based on market developments and technical signals. Let me know if you have any questions or need further assistance!
