GOLD trade ideas
Weekly XAUUSD analysis, 16 - 20 Dece 2024.Daily TF:
Price swept the LQ from both sides.
-We don't know if the price will continue the swing bearish OF or shift bullish.
Confirmations come from LTF
4H TF:
4H and daily Demand zone + Feb Golden zone.
-Firm area to BUY from.
Confirmation comes from LTF.
15M TF:
- The INT structure is bearish but could shift to confirm the expected bullish move and the 15M swing pullback phase at least.
-This high is strong but we expect it to fail.
Until now 15M swing structure has been bearish If you wanna short from here, wait INT structure
shift first.
Gold refiningGold has reached a dynamic support and in the 4-hour timeframe, it is likely to pull back to the previous support level after hitting Fibonacci 50 and start a correction again.
Gold 1H Intra-Day Chart 20.12.2024Our 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.
Gold Buy Limit OrderDear 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
XAUUSD downside target 2560On the 4-hour chart, XAUUSD maintains a volatile downward trend. At present, attention can be paid to the resistance near 2626. If the rebound does not break, the bearish strategy can be maintained. The downward target is around 2560. After breaking, the support below is around 2536.
My Best analysis I have analyzed the recent price movement of gold (XAU/USD) on the 1-hour timeframe, and here are my observations:
1. Downtrend: The price is currently following a downward trend, indicating a bearish market sentiment.
2. Resistance Level: A strong resistance zone has been identified near the 2,598 level.
3. Potential Breakout: If the price manages to break above this resistance, an upward move can be expected. However, failure to break the resistance might result in a further decline toward the 2,560 level.
4. Bearish Target: A potential bearish target around 2,560 has been highlighted based on the current trend.
XAUUSD H6 Bearish Important Gold Update
The US Dollar Index (DXY) remains range-bound between 105.722 and 106.843, maintaining a bullish outlook. Meanwhile, gold prices temporarily continue to benefit from ongoing geopolitical uncertainties and signals of global monetary easing, especially from China. However, with the DXY gaining bullish momentum, gold may soon face downward pressure.
Stay informed:
News is noise, charts are facts.
Possibility of uptrend It is expected that a trend change will be formed in the support range and the support trend line and we will see the beginning of the upward trend. If the price crosses the 100% level, the above scenario will be invalid
XAUUSD Reversal?Yesterday Asia was bringing the price up until NY session dumped it.
Will wait for an aggressive move down today until London. Will also look for buyers if the move down is being accepted.
Gold trading zones: 20-Dec-2024Today’s Gold trading zones: For educational purposes only, use at your own risk.
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.
Check the trend Given the price action, there is a possibility of a triangle pattern forming. Accordingly, as long as the price does not consolidate above the ceiling of wave c, the above scenario will be valid. Then the continuation of the downtrend is likely.
Gold is Ready to Fall again!!!Gold ( OANDA:XAUUSD ) started to pump, as I expected in the previous post .
Gold is entering the Resistance zone($2,740-$2,708) and Potential Reversal Zone(PRZ) and approaching the Upper line of the Ascending Channel .
According to Elliott's wave theory , Gold is completing microwave 5 of the main wave C .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to fall to at least the Support zone($2,670-$2,653) after breaking the lower line of the ascending channel.
⚠️Note: If Gold breaks the Resistance zone($2,740-$2,708), we can expect more pumps.⚠️
⚠️Note: Tomorrow's US indices can impact the Gold trend. (Today's US indices were all as Forecasted).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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.
Closing my both Buying orders /#104 Profits rowAs discussed throughout my Thursday's session commentary: "My position: I have new Buy order engaged with #2,667.80 entry point / optimal Target remains #2,682.80 Resistance in extension. If #2,682.80 gives away and market closes above, #2,700.80 benchmark will represent Target to monitor."
I have engaged first Buying order on #2,667.80 and closed on #2,682.80 Resistance. Second Buying order I have engaged on #2,683.80 and closed on #2,697.80 deliver excellent Profit. And on #2,700.80 benchmark break aftermath (and CPI results), I have engaged final Buying order on #2,702.80 and closed on #2,718.80 which delivered spectacular results as I am currently without any orders. I will use this chance to congratulate Traders who followed my calls and had patience to re-Buy every High's, well done!
Technical / Fundamental analysis: Gold has gone into Intra-day Buying rally and having been slightly disconnected on it’s Technical background correlation with DX, Bond Yields are Trading near local High’s (Bullish Gap fill) which is a mix which pushed Gold north and invalidated Selling potential once Symmetrical Triangle got invalidated to the upside. Sellers have once again underestimated the Bullish Fundamental potential of reversal of the recent Selling leg as Gold’s Price-action is isolated within healthy Ascending Channel on most of the charts. As long as aggressive Volatility lasts and Middle East escalations, and the probability of doing so is High as December is projected to be Bullish Month for Gold even though December is Bull Month for DX as well. If by some / certain intervention DX start trending downwards, uptrend on Gold will be stalled most likely but for now Buying benchmark is #2,727.80 and should probably be next Gold’s most viable Target if DX don't deliver new full bodied green candle.
My position: I am currently on sidelines, waiting new signal to Trade Gold however the Trade remains "Buy the dip" and I do not believe that there will be any meaningful correction on Gold, at least for current session.
Closing my both Buying orders /#104 Profits rowAs discussed throughout my Thursday's session commentary: "My position: I have new Buy order engaged with #2,667.80 entry point / optimal Target remains #2,682.80 Resistance in extension. If #2,682.80 gives away and market closes above, #2,700.80 benchmark will represent Target to monitor."
I have engaged first Buying order on #2,667.80 and closed on #2,682.80 Resistance. Second Buying order I have engaged on #2,683.80 and closed on #2,697.80 deliver excellent Profit. And on #2,700.80 benchmark break aftermath (and CPI results), I have engaged final Buying order on #2,702.80 and closed on #2,718.80 which delivered spectacular results as I am currently without any orders. I will use this chance to congratulate Traders who followed my calls and had patience to re-Buy every High's, well done!
Technical / Fundamental analysis: Gold has gone into Intra-day Buying rally and having been slightly disconnected on it’s Technical background correlation with DX, Bond Yields are Trading near local High’s (Bullish Gap fill) which is a mix which pushed Gold north and invalidated Selling potential once Symmetrical Triangle got invalidated to the upside. Sellers have once again underestimated the Bullish Fundamental potential of reversal of the recent Selling leg as Gold’s Price-action is isolated within healthy Ascending Channel on most of the charts. As long as aggressive Volatility lasts and Middle East escalations, and the probability of doing so is High as December is projected to be Bullish Month for Gold even though December is Bull Month for DX as well. If by some / certain intervention DX start trending downwards, uptrend on Gold will be stalled most likely but for now Buying benchmark is #2,727.80 and should probably be next Gold’s most viable Target if DX don't deliver new full bodied green candle.
My position: I am currently on sidelines, waiting new signal to Trade Gold however the Trade remains "Buy the dip" and I do not believe that there will be any meaningful correction on Gold, at least for current session.
XAUUSD TECHNICAL ANALYISIS (READ CAPTION)hello traders, share your opinion about this chart in comment section.
current price 2682
after retracement of almost 300 pips market has arrived at its supporting point. from this zone market's next move will be 2707 and 2710. market is still bullish and the reason behind retracement is CPI as buyers are waiting for news to be released.
key point:
supporting point: 2675 and 2667
resisitance 2707 and 2710
like, comment and support. thanks four supporting me
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
GOLD AWAITING FOR INTEREST RATE CUTSGOLDEN PLAN: 13-Dec-2024 / Friday
Personal comments by Pips & Profit:
The price has recovered positively during the week around 2700, sideways and accumulated further. Awaiting for information about interest rate cut in December 2024.
PLAN FOR THE DAY:
Sell Gold Zone 2701-2704
SL: 2709 (Scalp Entry)
TPs: 2695 / 2690 / 2680
Sell Gold Zone 2715-2722
SL: 2728
TPs: 2709 / 2698 / 2688
Buy Gold Zone 2656-2653
SL: 2643
TPs: 2666 / 2678 / 2692
Let's support "Pips & Profit" by Like & Comments. Thanks Everyone.
THE KOG REPORT - ELECTION SPECIAL - UpdateDaily chart – Election Special:
Quick update on the election chart we have been sharing since the beginning November. As you can see it’s worked well, however, at this stage of the movement we should have seen more upside movement on gold, which the accumulation is controlling. We have now added the additional level below 2590, as potential which corresponds with the KOG Report that has been posted.
Otherwise, nice clean movement, projected from the highs, swings were captured and levels worked extremely well. Red arrow was the projection, green arrows tracking movement.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
XAU/USD Expected Last Long Swing trade of year 2024 in Spot Considering the completion of the corrective downside move in gold, we can expect two swing-long trades this month.
Make sure you follow your risk-reward ratio during placing these trades.
Trade no. 1 - Entry - 2636
SL - 2694
TP - 2790
Trade no. 2 - Entry - 2605
SL - 2694
TP - 2790
XAUUSD: Double Top PatternHello everyone!
Currently, after a false breakout at the key level of $2721, the price has quickly reverted to a bearish trend. This development bears significant resemblance to the double top pattern, a technical formation that often signals an impending downtrend.
Given the current situation, the outlook leans in favor of the bears. If this scenario materializes, we can expect the price to continue moving towards lower support zones. To project potential downside targets, we are utilizing the Fibonacci extension tool, a powerful method for analyzing price momentum.
Based on our calculations, two critical levels to watch are $2609 and $2557. These are areas where buying pressure may emerge, potentially testing the trend's continuation. Stay tuned for further updates to fine-tune your trading strategies!
