XAUUSD 1 week chartHello Traders and investors
Xauusd can go down 2636
It's support will be 2715
Current price 2693
It's 1st target will be 2675
I have placed the remaining targets in the chart
XAUUSD trade ideas
Got Stopped out?? Doesnt hurt to enter again on the bullish GoldWe were stopped out in our last entry, and this is the last and best shot we have got to catch the buy at the moment, at least temporarily, lets go guysss!!!
Gold is in the Bearish 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
GOLD - its breakout? whats next??#GOLD.. market bounced back from today supporting area and it was perfect move.. now immediate supportinga area will be 2607 08
keep close and if market hold it in that case our next area for upside will be our trend line means around 2640 45
good luck
trade wisely
Best Possible Opportunity: Work Session to Unlock These PotentiaThis is a general idea at the moment, not yet ready for execution, but I want to share the concept here. The goal is to create a structured work session that focuses on identifying and activating the best opportunities in the market.
The session will include:
- Market analysis: Reviewing key trends and patterns.
- Risk management: Setting up realistic stop-loss levels and position sizes.
- Action plan: Outlining the steps needed to capitalize on these ideas.
This is still a brainstorming stage, and feedback is welcome to refine it into something actionable.
GOLD SHORT TERM BULLISH 12/12/24 - HI
After Fridays NFP, a clearer picture of gold PA on LTF seems to emerge. Trade at your own risk as this is not by any means financial advise. Risk management always priority.
BUY GOLD TO 2690Hi traders would like to share my forecast for XAUUSD Hope you have profitable trade
Gold → Breaking through channel resistance. New ATH target?Hello everyone! Ben here!
Today, gold has officially broken out of the price channel, while the bulls are striving to maintain control, defending the key support level around 2665. This level was formed in the context of a weakening USD after signs of correction. The precious metal is now facing significant growth potential, with the opportunity to distribute prices at local highs in the near future.
Macroeconomic factors are playing an essential role in supporting gold prices. Concerns over rising tensions in the Middle East continue to drive safe-haven demand, making gold a highly sought-after asset. Meanwhile, the U.S. jobs report released last Friday has fueled expectations that the Federal Reserve (Fed) might consider cutting interest rates in its December policy meeting, which is generally a positive signal for gold prices.
However, gold's growth outlook still faces short-term challenges. Investors are currently awaiting key inflation reports, including the Consumer Price Index (CPI) and the Producer Price Index (PPI). Both reports are expected to provide critical signals for the Fed's monetary policy direction and could create substantial market volatility.
From a technical perspective, the main trend remains bullish, but prices are currently testing strong resistance. To reinforce upward momentum, gold needs to break out of this resistance zone and sustain above it. If this happens, prices could quickly move to new highs. However, if prices fail to break through, a retest of key support areas around 2677 (Fibonacci 0.618) and 2663 (Fibonacci 0.5) should be anticipated before the uptrend can continue.
Share your evaluations and questions about XAUUSD so we can discuss further!
Gold daily chart level wave count, cancel the red ABC wave. ConfGold daily chart level wave count: 1. Cancel the possibility of red ABC wave correction. 2. In November, 2790 fell to 2536, which was just a correction of the monthly K-line. It stopped falling after the red FVG on the monthly chart was filled, and started a new rise at the monthly level. That is to say, the pink 2536 pink fourth wave correction has ended, and the pink fifth wave has begun to rise. 2536-2720 is the sub-wave of the pink fifth wave and the green first wave. 2720-2605-2613 is the green second wave correction sub-wave. The blue ABC3 wave correction ends. Breaking through 2666 starts a five-wave rise into the green third wave. The first sub-wave blue wave entered the second blue wave correction after encountering pressure at 2726 yesterday, and broke through 2675 last night, extracting liquidity and rebounding. At the same time, the downward trend line of 2790 has been broken through, and rebounds occurred after two retracements. If there is another dip next Monday, it will also be a buying oppo
GOLD (XAUUSD): Consolidation is Over!
Gold suddenly went up yesterday and violated a resistance line
of a horizontal consolidation range on a daily.
It opens a potential for a further growth.
Next resistance is 2714.
❤️Please, support my work with like, thank you!❤️
Daily live trade with XAUUSD in 15m/30m/1h 20241212Daily live trade with XAUUSD in 15m/30m/1h 20241212
XAUUSD: Predicting Future Move1. RSI Analysis:
The RSI (14) appears to have peaked recently and is now declining.
Current RSI value is in the mid-range (~40-60), suggesting neither overbought nor oversold conditions. However, the downward momentum in RSI could indicate weakening bullish strength or the beginning of bearish momentum.
Look for divergences: If the price makes a higher high, but RSI makes a lower high, it could indicate bearish divergence. The current RSI drop aligns with the price pullback, so no divergence is evident yet.
2. Fibonacci Levels:
Select the most recent swing high (near $2,740) and swing low (around $2,565).
Key Fibonacci levels:
23.6% retracement: $2,690 (already broken).
38.2% retracement: $2,670 (current level, acting as support).
50% retracement: $2,652.
61.8% retracement: $2,633.
If the price holds at or above the 38.2% level ($2,670), it suggests a stronger chance of resuming the uptrend. If it breaks below the 50% or 61.8% levels, further downside might be expected.
Likely Scenarios:
Bullish Case:
If RSI stabilizes and starts rising (staying above 40), it could signal a resumption of bullish momentum.
If the price bounces off the 38.2% level or reclaims the 23.6% level ($2,690), it could test recent highs near $2,740.
Monitor volume: Higher volume during upward moves confirms the strength of the bounce.
Bearish Case:
If the price breaks below the 50% or 61.8% Fibonacci levels, it could decline further, possibly testing the 200-MA near $2,640.
If RSI falls below 40, it suggests increasing bearish momentum.
Suggested Action:
Watch the $2,670 level closely (current Fibonacci support). If the price stabilizes here and RSI shows signs of reversing upward, it may indicate a buy opportunity targeting $2,720–$2,740.
If the price falls below $2,652, prepare for further downside with $2,640 as the next target.
XAUUSD SELLGold sell opportunity. Currently on wave 4 of an expanding triangle. We will see a decline from here to complete wave 5
XAUUSD (XAU/USD) is hesitating on Wednesday after having rallied about 2.5% over the previous three days. The precious metal has been capped at the $2,700 round level during the early Asian session, with investors reluctant to bet against the US Dollar (USD) ahead of the release of the US Consumer Prices Index (CPI) reading at 13:30 GMT
Gold prices fell in India on Wednesday, according to data compiled by FXStreet.
The price for Gold stood at 7,342.29 Indian Rupees (INR) per gram, down compared with the INR 7,344.80 it cost on Tuesday.
The price for Gold decreased to INR 85,644.76 per tola from INR 85,668.30 per tola a day earlieGold price seems to have stabilized following good two-way intraday price swings and currently trades around the $2,690 area, below a two-week high touched earlier this Wednesday. Expectations that the Fed will adopt a cautious stance on cutting rates continue to push the US Treasury bond yields.
Gold- Towards target after confirmation?In yesterday's post, I highlighted the high probability of an upward breakout above the 2655–2660 resistance zone. As anticipated, XAU/USD successfully broke through this key level, confirming its importance.
Following the breakout, the price reached a high near 2675 before undergoing a normal correction. This pullback was healthy for the trend, as it retested and confirmed the previously broken resistance zone (2655–2660) as new support. This successful retest reinforces the strength of the bullish momentum.
Looking ahead, my outlook remains optimistic. I anticipate a new leg higher, with the price likely targeting the 2685 resistance zone. I will maintain my bullish stance as long as the 2660 area holds firm as support. My preferred strategy is to "buy the dips," taking advantage of pullbacks within the broader uptrend.
100% golden signal that makes you profitableFrom the 4-hour analysis chart, we focus on the 2728-30 line for upper pressure, and the 2697-2700 line for short-term support below, with a focus on the 2686-92 line. The main operation is to go long on the pullback.
Gold, XABCD harmonic bat patternHarmonic bat pattern
Retracement @ 68% fib completed
Possible Reversal from weekly support
No divergence
Will Gold also test the next resistance level?It’s been a highly bullish week for OANDA:XAUUSD traders, with prices not only reaching but surpassing all my targets one by one.
As I outlined in Monday's outlook, if the bulls manage to break above the 2655–2660 resistance zone, the 2785 level would be exposed, and more importantly, the price would very likely move beyond 2700.
Yesterday, that prediction materialized as we saw a decisive break above this critical milestone, with FOREXCOM:XAUUSD reaching the 2718 target—and even surpassing it.
Overnight, the price briefly dropped from 2725, touching the newly formed support at 2700 before reversing strongly upward.
The overall structure remains extremely bullish, with every dip being bought by traders.
This momentum should guide our strategy moving forward, focusing now on the next resistance zone at 2755–2760.
Gold on CPI day Gold is now trading near the supply zone levels (2705.00: 2720) If gold remains stable below these levels and the CPI news comes positive for the dollar, it will support gold to fall to levels of 2665.00 then 2655.00 and in case of breaking the upward trend shown on the chart, there will be a strong decline, we may see levels of 2620.00 then 2605.00
Gold, hold? Or …….Im more to bearish side than bullish because of many reasons.
One of them is overbought and overpriced
Too many areas to lookout resistance coming up
Maybe a double top and pulldown to 2400 then we can say 3k is coming but not now.
My target is still 2400 and 2370
XAUUSD_1H_SellShort and medium term gold analysis
We are sellers as long as $2700 is maintained as resistance.
The target and upcoming supports are 2677, 2663 and 2650 dollars, respectively.
GOLD to extend it's gains?Gold - 24h expiry
There is no indication that the rally is coming to an end. Our short term bias remains positive. 5 positive daily performances in succession. Price action continues to trade around significant highs. We look for gains to be extended today. A break of the recent high at 2728.5 should result in a further move higher.
We look to Buy a break of 2728.5 (stop at 2708.5)
Our profit targets will be 2778.5 and 2788.5
Resistance: 2726.3 / 2735.7 / 2750.0
Support: 2710.0 / 2695.0 / 2675.5
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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