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Gold Consolidates Between Key Levels Amid Bearish TrendGold Technical Analysis The price recently reached the support level at 2585 and reversed. However, the bearish trend remains intact as long as gold trades below 2612. Gold is currently consolidating between 2612 and 2585. A breakout in either direction will determine the next trend: Stability above 2612, confirmed by a 4-hour candle close, suggests a move toward 2623. Stability below 2585 indicates a drop toward 2558. Key Levels: Pivot Point: 2612 Resistance Levels: 2623, 2638, 2653 Support Levels: 2586, 2572, 2558 Trend Outlook: Bearish Momentum: Likely below 2623 and 2612. Bullish Momentum: Possible above 2623. Previous idea:
OANDA:XAUUSDShort
by SroshMayi
SPY/QQQ Plan Your Trade For 12-20 : GAP PotentialToday's pattern suggests the SPY/QQQ will present an opening price gap (in this case lower) and likely attempt to find support near these deep lows. I really want to point out how my Anomaly call, nearly 45+ days ago, really played out perfectly. It is so difficult for me to try to explain what I do with my research and analysis - but ultimately I simply call what I see based on the data. The last few days have prompted me to really push my efforts to continue to deliver superior research and analysis for my followers and subscribers. Ultimately, it is about helping people learn to become more profitable and learn to wait for the best trade setups. Gold & Silver are moving into a CRUSH pattern today. This could be a BIG MOVE for metals - and I believe the move will be to the upside. Don't get married to this move yet. The bottom is still setting up for metals. Bitcoin is collapsing through the EPP pattern. The ultimate low setup could still be a move below $90k, so be prepared for more downward trending throughout the end of 2024. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
4
XAU/USD : Bull or Bear? (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we can see that after collecting liquidity below $2635, the price faced renewed demand and successfully climbed above $2641. As a result, gold managed to rise to $2651, delivering a 100-pip return. Today, we have the US interest rate decision, which could bring significant volatility to the market, with both bull traps and bear traps likely. If you are not a professional trader, it’s better to stay away from the market and wait for stabilization, especially during Jerome Powell’s speech. The previous analysis remains valid: as long as the price holds above $2641, we can expect further upward movement. However, if the price drops below $2641 and closes a candle underneath, we will likely see a sharp decline. Keep these scenarios in mind and be patient to find the best trigger. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
21
Gold can decline to support level and then start to move upHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price started to trades inside a downward wedge, where it at once rebounded from the resistance line and dropped to the resistance level, which coincided with the seller zone. Soon, Gold broke this level and even declined a little, after which backed up to the seller zone, but soon dropped from this area to the 2590 support level. Next, the price declined below this level to support line of the wedge and then started to grow from this line and soon rose higher than the 2590 level, breaking it again. Then Gold continued to grow and reached the seller zone, after which made correction movement. After this movement, the price some time trades near the support level and later backs up to the seller zone and even a little higher, reaching the resistance line of the wedge. Then price dropped from this line to the support level, breaking the 2690 level and when it reached the support level, the price little declined to the buyer zone, after which started to grow. Now, I expect that Gold can fall to support level one more time and then start to grow. For this case, I set my TP at 2660 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
4
Forecasting gold priceForecasting gold prices is a complex task, as it's influenced by a multitude of factors. Here's a breakdown of the key elements and some current forecasts: Factors Influencing Gold Prices: US Dollar: Gold is often priced in US dollars, so its value tends to move inversely to the dollar's strength. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand. Interest Rates: Rising interest rates can make holding gold less attractive, as it doesn't offer a yield like bonds or other interest-bearing assets. Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors may turn to gold to preserve their purchasing power. Geopolitical Uncertainty: Economic or political instability, such as wars or financial crises, can increase demand for gold as a safe haven asset. Supply and Demand: Physical demand for gold, including jewelry, industrial uses, and central bank purchases, also plays a role in price fluctuations. Current Forecasts: Trading Economics: Their global macro models and analysts expect gold to trade at $2,682.04 USD/t oz. by the end of the current quarter and $2,783.76 in 12 months. FXEmpire: They highlight that the US dollar's strength and the Federal Reserve's monetary policy are key factors currently limiting gold's upward momentum. They are closely watching the US PCE Price Index for inflation insights, which could significantly impact gold prices. Other Analysts: Some analysts suggest that geopolitical tensions and concerns over a potential US government shutdown could boost gold's safe-haven appeal. However, strong economic data could reinforce the Fed's policy stance and limit gold's upside. Important Considerations: Forecasts are not guarantees: These are just predictions based on current information and models. Unexpected events can significantly impact gold prices. Multiple factors at play: It's crucial to consider the interplay of various factors, rather than focusing on any single element. Stay updated: Keep an eye on economic data releases, central bank announcements, and geopolitical developments to stay informed about potential influences on gold prices. In conclusion, the outlook for gold is mixed, with both upward and downward pressures at play. The US dollar's strength and the Fed's monetary policy are key factors to watch, along with inflation data and geopolitical events. It's essential to stay informed and consider multiple perspectives when making any investment decisions related to gold.
TVC:GOLD
by ITManager_US
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows. On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs. Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up. From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility... Resistance levels: 2616, 2622 Support levels: 2589, 2581, 2560 Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GOLD - Price can start to decline, breaking support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price fell inside falling channel, where it soon reached and broke at once $2720 level. Then price continued to decline and later fell to $2535 points, after which XAU started to grow. Price exited from falling channel and soon entered to flat, breaking $2620 level, where it soon reached top part. After this, price was corrected and some time traded near $2620 level, and then grew to top part one more time. But soon, Gold turned around and declined Below $2620 level, exiting from flat and recently rising back to this level. Now, I think that Gold can make a small move up and then start to decline to $2540 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
Gold: Multi Tie FrameHello Traders In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level. In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to this area for the third time also shows the buyers' insistence. If the price can stabilize below 2532.800, the likelihood of further decline increases. Conversely, if the price cannot break through the green zone, we predict an upward movement to 2606.200. At the same time, we anticipate a slow downward trend and fluctuations to around 2568 in the coming days.
OANDA:XAUUSDShort
by AliSignals
After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future. Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year. According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation. This message from the Fed will make the gold price trend worse in the long term. According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates. Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.
TVC:GOLDShort
by FalCol_TradingMaster
Gold vs. Silver: Is the Ratio Signaling a Major ShiftIntroduction: Precious metals are displaying promising price action, warranting a closer look at the gold AMEX:GLD to silver AMEX:SLV ratio. This ratio provides valuable insights during bull markets: Bullish Silver: In a strong bull market, silver typically outperforms gold, causing the ratio to decline. Gold Leading: Recently, gold has taken the lead, advancing in a corrective rally, but there are signs this could change. Analysis: Inverted Saucer Formation: On the gold-to-silver ratio chart, a large inverted saucer formation is emerging. This bearish pattern indicates a potential breakdown below key support levels, signaling silver’s outperformance in the months ahead. What to Watch: A confirmed breakdown of support in this ratio could signal a major shift in favor of silver. If silver outperforms, prices could surge to retest its 2011 highs of $48-$50 next year. Gold Outlook: Despite the shift in favor of silver, gold remains bullish. A breakout could target significant upside, with price projections of $3,300-$3,400. Trade Setup: Silver Bullish Setup: Trigger: A breakdown in the gold-to-silver ratio, confirming silver’s relative strength. Target: SLV retesting $48-$50. Stop Loss: Manage risk by placing stops near recent support levels in silver. Gold Bullish Setup: Gold continues to show strength, targeting $3,300-$3,400. Monitor for breakouts in gold prices alongside silver’s potential surge. Conclusion: The precious metals setup looks increasingly bullish. The gold-to-silver ratio is hinting at a shift toward silver outperformance, a hallmark of true bull markets. If this scenario plays out, silver could retest its 2011 highs, while gold targets new all-time highs. This is a chart and setup worth keeping a close eye on in the coming months. Which metal do you think will lead the charge? Share your thoughts below! Charts: (Include charts showing the gold-to-silver ratio with the inverted saucer formation, key support levels, and projected breakdown targets. Add gold and silver price charts highlighting bullish setups.) Tags: #Gold #Silver #PreciousMetals #GLD #SLV #BullMarket #TechnicalAnalysis #TradingIdeas
AMEX:GLD
by Richtv_official
GOLD --> The Downtrend Persists. What’s the Next Target?Dear Friends, Gold has seen a modest rise amidst a broader bearish trend, currently trading around $2,617, up 1.27% on the day. This slight uptick can be attributed to sellers pausing their pressure, coupled with the fundamental appeal of gold increasing. As the opportunity cost of holding the non-yielding precious metal decreases due to lower interest rates, gold becomes more attractive. However, the Federal Reserve's cautious outlook on rate cuts—suggesting smaller reductions than expected next year—could weigh on gold's upward momentum. Additionally, US Treasury yields edged higher on December 18, with the 10-year yield reaching its highest level since May. Treasuries, often considered a direct competitor to gold due to their interest-bearing nature, could diminish gold's appeal if yields continue to rise. Ben personally advises waiting for a decisive candle close below the 2636 liquidity zone before taking further advantage of the market trend.
OANDA:XAUUSDShort
by Bentradegold
GOLD - Should I sell?Brian, hello everyone! Gold prices “plunged” and fell more than 2% to a one-month low in mid-week trading after the Fed decided to cut interest rates as expected, but noted that it would slow the pace of borrowing cost reductions in the near term. The Fed’s stance boosted the USD and bond yields. Based on the performance of gold on the 4-hour time frame, along with indicators from EMA and RSI, a bearish trend is expected in the coming period. With the current unfavorable situation for gold, the price of gold is likely to reach $2,537 in the near future.
OANDA:XAUUSDShort
by Trader-Briannnn
Weekly Forex Forecast: GOLD & SILVER Are Bearish! SELL Them!This forecast is for the week of DEC. 16 - 20th. Gold and Silver are both bearish, after raiding the buy side liquidity. Silver is "heavier" than GOLD, so it would be my preferred asset to sell! There is support for lower prices, and no real support for higher prices currently. Seems like a no brainer. Wait for a pullback to the -FVG and look for a proper sell setup, my friends. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX_MINI:SIL1!Short
by RT_Money
2024-12-19 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bearish. I doubt we can close the week below 2560 but we now have a giant bear gap between 2615 - 2652. No interested in selling this tomorrow but if we close the week below 2600, the bull trend is gone for good. comment : No matter what you think China is doing with Gold, this market is going down. We are 200 points below the ath and the bull trend is most likely over. If we close this week below 2630, it would be the second close below the weekly 20ema since January. current market cycle: trading range key levels: 2590 - 2640 bull case : Bulls are in pain. Every rip is sold hard and we have a clear bear channel. Hard to come up with arguments for the bulls right now. Best they can hope for is to stay above 2600 but this market is as weak as it gets since last week. Invalidation is below 2595. bear case: 2566 is their main target and I am not confident they can get it tomorrow. I expect more chop near 2600 over the next 2 weeks but for Q1 I have wet dreams about 2400. If you want to trade this, look for shorts near the 3h or 4h 20ema and longs only if 2600 continues to be bigger support. Invalidation is above 2642. short term: Neutral. I don’t expect this to go into the weekend far from 2600 but for next 2 weeks I have 2 measured move targets below 2570. medium-long term - Update from 2024-12-19: No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. Likely close around 2600. current swing trade: None trade of the day: selling near the 4h 20ema or bear trend line.
COMEX_MINI:MGC1!
by priceactiontds
Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance: Click chart above to see the detailed analysis👆🏻 After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
8
Bearish drop?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 2,647.58 Why we like it: There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement. Stop loss: 2,649.06 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 2,562.07 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
Gold Market Update:Corective Phase Set Stage for Further DeclineGold has entered a corrective phase following yesterday's substantial decline, with price action consolidating within a defined range. This period of consolidation is expected to persist, allowing the market to recalibrate before the prevailing bearish momentum likely resumes. Downside targets remain intact, with the next leg lower anticipated once the correction concludes. Engage with this analysis by liking, sharing, or sharing your perspectives in the comments below.
OANDA:XAUUSDShort
by FXKAMRAN8
1