GOLD Is Going Up! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,621.75.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,686.96 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Gold
GOLD has bullish conditions, pay attention to inflation dataOANDA:XAUUSD is accumulating upward momentum, rising to a new multi-week high above $2,680 an ounce. The technical outlook shows that gold prices have shifted to an uptrend in the near future. Next week, key economic indicators from China and the US inflation data will likely drive gold price movements.
The US government on Friday released a nonfarm report showing 256,000 new jobs were created last December, far higher than the expected 160,000 and the biggest increase in nine months. The unemployment rate in December was 4.1%, also the lowest with an expected value of 4.2%.
Reasons for OANDA:XAUUSD The recovery after Friday's decline was due despite stronger-than-expected US nonfarm payrolls data, reducing the likelihood of a sharp interest rate cut by the Federal Reserve this year. However, the Trump administration's upcoming policies have brought uncertainty, increasing gold's safe-haven appeal.
It can be quite certain that, as soon as Trump takes office, a series of major changes in US economic and foreign policy will suddenly change and gold will always benefit in an economically unstable environment. geopolitics.
Gold investors will wait for US inflation data
Early next week, investors will pay attention to China's December trade balance data. A significant increase in China's trade surplus could support gold prices during the Asian session next Monday.
Next Wednesday, US December inflation data could trigger gold's next big move. The market expects the US Consumer Price Index (CPI) to rise 0.3% month-on-month in December, but core CPI to fall 0.1% over the same period.
If CPI is higher than expected, the immediate market reaction could boost the USD and cause gold to fall. On the other hand, negative data could make it difficult for the USD to find demand and help gold maintain its position or push gold prices higher.
Gold investors will wait for US inflation data
Early next week, investors will pay attention to China's December trade balance data. A significant increase in China's trade surplus could support gold prices during the Asian session next Monday.
Next Wednesday, US December inflation data could trigger gold's next big move. The market expects the US Consumer Price Index (CPI) to rise 0.3% month-on-month in December, but core CPI to fall 0.1% over the same period.
If CPI is higher than expected, the immediate market reaction could boost the USD and cause gold to fall. On the other hand, negative data could make it difficult for the USD to find demand and help gold maintain its position or push gold prices higher.
China's fourth-quarter gross domestic product (GDP) data could influence gold trends during the Asian trading session next Friday. Analysts expect China's annual GDP growth rate to reach 5.1% in the fourth quarter, higher than the 4.6% growth rate in the third quarter. A positive surprise could help gold prices edged higher, while disappointing GDP data could weigh on gold prices.
Market participants will also pay attention to new developments surrounding Trump's tariff strategy. While gold benefits from risk aversion, a sharp rise in US Treasury yields could limit gold's gains.
The economic calendar needs attention next week
Tuesday: US PPI
Wednesday: US CPI, Empire State Manufacturing Survey
Thursday: US Retail Sales, Philly Federal Reserve Survey, Weekly Jobless Claims
Friday: Housing construction starts and construction permits in the United States
Analysis of technical prospects for OANDA:XAUUSD
From a technical perspective, on the daily chart, gold has achieved conditions for a short-term uptrend although the upward momentum is being hindered by the 0.382% Fibonacci retracement level. And once gold breaks above $2,693 it will be ripe for upside with a target of around $2,730 in the short term.
In terms of support factors, the POC Volume Profile level will be the closest support, combined with the EMA21 and Fibonacci 0.618% creating a reliable support area for each correction to ensure that, as long as gold does not If it breaks below the 0.618% Fibonacci level, it still has the potential to increase in price in the near future.
Meanwhile, the Relative Strength Index is also pointing up from level 50, still quite far from the overbought level with a significant slope, this is a signal for room for price increases in the near future. On the other hand, an uptrend price channel has also just been formed.
In the coming time, the technical outlook for gold tends to increase in price with notable levels listed as follows.
Support: 2,676 – 2,664USD
Resistance: 2,693 – 2,700USD
SELL XAUUSD PRICE 2711 - 2709⚡️
↠↠ Stoploss 2715
→Take Profit 1 2704
↨
→Take Profit 2 2699
BUY XAUUSD PRICE 2661 - 2663⚡️
↠↠ Stoploss 2657
→Take Profit 1 2668
↨
→Take Profit 2 2673
Will gold’s bullish trend change today?
On the daily line, the daily line continues to be positive for four consecutive times, and the price is effectively running above the short-term moving average and the Bollinger Middle Track. Even if there is a pullback, the shape remains the same. This is enough to show that the advantage of the bulls has not changed. The current short-term moving average has moved upward again. Forming support, other cyclical indicators maintain a bullish arrangement, and the Bollinger Bands as a whole continue to extend upward. In addition, the macd indicator double-line golden cross upward form shows sufficient upward potential. Therefore, overall on the daily line, bulls will reach new highs. High probability. In terms of the 4-hour, after the shock consolidation of the US market last Friday, it can be confirmed that gold has stabilized at 2665. This is enough to be reflected from the fact that a long lower shadow big positive line was collected during the US market. In addition, the current short-term moving average forms an upward pattern at 2685 and 2678, and other periodic indicators also show a bullish arrangement. In addition, the Bollinger Bands open upward as a whole, and the MACD indicator double lines are in a golden cross upward pattern, showing sufficient upward momentum. Therefore, the overall 4-hour level should be dominated by bulls.
For the operation strategy of gold at the beginning of this week, it is recommended to continue to do more at low levels and short at high levels. For the support and resistance below, pay attention to the 2685-2680 area first, and continue to look at the 2700-2710 area above in the short term. If it is broken by the bears, then focus on 2673 and 2664. In particular, the latter, as the negative drop point of non-agricultural data, will become the strongest defense of the bears. Long orders need to be decisively arranged above. For the upper resistance, pay attention to the vicinity of 2703 first, and then pay attention to the area of 2712. You can try short-term shorting when it is touched for the first time.
In terms of gold's short-term operation ideas today, our team recommends mainly longs at the low levels of the correction, supplemented by shorts at the rebound highs. The top short-term focus is on the 2700-2710 first-line resistance, and the bottom short-term focus is on the 2665-2660 first-line support
Gold operation strategy:
1. Gold retreats to the 2663-2665 line, cover positions and buy long, stop loss at 2655, target 2690 line, break the position and look at 2704-2707 line
2. Gold rebounded for the first time, sell short at the 2710-2712 line, stop loss at 2720, target the 2665-2670 line, and look at the 2653-2658 line if the position is broken;
XAU/USD Gold Long Trade before 20-Jan-2025The market is showing a bullish move according to technical analysis, before 20-jan-2025, the market can either take support from the small trend line and go bullish or retest the zone of 2630 and give a bullish move. This analysis is only for learning purposes. Please calculate your risk before making any trade. The bullish side target is 2730 before 20th Jan 2025.
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
Gold fell back after an unsuccessful breakout
Recently, the price of gold has been fluctuating upward, successfully breaking through the previous channel structure and once reaching the $2,700 level. However, after the high, the market momentum has weakened significantly, and the upward trend failed to continue during today's Asian and European sessions. After the opening of the US market, the price of gold quickly turned downward, breaking through the key support of $2,680, and returned to the previous channel.
From a technical point of view, the short-term high point of the gold price has gradually moved down, and the market has shown a clear weak trend. The price has formed a rhythm of "fast decline and slow rise" in the fluctuation, and the short-selling force is dominant. At present, the $2,664-2,660 area below has become an important short-term support level. If this position is effectively broken, the price is expected to further test the key support level of $2,650. On the upside, pay attention to the $2,680-2,675 area. If the pressure level at the top of this channel can be broken, the gold price may usher in another opportunity for a rebound.
The strength of the price trend shows that the long and short forces are alternately strengthened, but the short trend is slightly dominant; the RSI indicator hovers below the neutral area, indicating that market sentiment tends to be conservative. From the daily level, gold failed to break through and turned to a correction, and the overall trend is bearish.
In general, gold is still in the stage of falling after multiple failed upward explorations. In terms of operation strategy, it is recommended to focus on rebound shorting, and pay attention to the reaction of the key pressure area of 2675-2680 US dollars above. If it falls below 2660 US dollars, short orders can be considered to follow up gradually, looking at 2650 US dollars or even lower levels. It is necessary to pay close attention to market news, especially the potential impact of the Fed's policy trends and changes in the US dollar index on gold.
WILL GOLD'S H4 WEAKNESS LEAD TO MORE PRICE DECLINE?Gold is showing weakness on the H4 timeframe with a heavy price fall below a swing low in yesterday's trading. The metal's price is now rising toward a previously created resistance level. Will there be a price rejection at the resistance level, or will the price zoom past it to create another swing high?
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
XAUUSD - 4hr | Rising WedgeSimple Trading: Rising Wedge Pattern
GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
Bearish drop?XAU/USD has reacted off the support level which is a pullback support and could drop from this level to our take profit.
Entry: 2,665.13
Why we like it:
There is a pullback support level.
Stop loss: 2,680.68
Why we like it:
There is a pullback resistance level.
Take profit: 2,636.56
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
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Sticky Inflation, Falling Pound, Pure Chaos in USD pairs!Last week was pure chaos. The dollar flexed like it’s been hitting the gym, while the pound? Let’s just say it’s practicing free-fall techniques. Sterling slipped so hard it might need a parachute soon. 🪂💸
Meanwhile, inflation is still that uninvited party guest who refuses to leave. UK CPI? Sticky. US CPI? Stubborn. And central banks? They’re in the corner pretending it’s not happening. 🙈📉
Here’s what we’re unpacking this week:
👉 Monday : ECB speeches. Expect fancy words, minimal action. 🙄
👉 Tuesday : US PPI drops. Prices rising faster than your blood pressure? Find out! 📈
👉 Wednesday : The big show. UK & US CPI—will inflation finally chill, or are we doomed to more rate drama? 🥶🔥
👉 Thursday : Aussie employment data hops in. Will it jumpstart the AUD? 🦘💵
👉 Friday : China’s GDP report. Rebound or flop? Either way, it’s gonna ripple through the markets. 🌏💣
George’s Hot Take:
Dollar: Still the king. 👑💪
Sterling: In the doghouse. 🐶🚪
Inflation: Like gum on your shoe—it’s not going anywhere. 😤🥿
🎧 Tune in for all the market madness, trading insights, and just the right amount of sarcasm. Because hey, the markets don’t care about your feelings—but we’ll at least laugh about it with you. 😏
🎙️ Listen now and stay ahead of the curve! 🎧
XAUUSD bullish upon holding the MA50 (1h). Targeting 2720.Gold is trading inside a Channel Up and is currently on the new bullish wave.
Today it held the MA50 (1h), which is a strong bullish sign that the wave will continue to a new higher high.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2720 (the 1.618 Fibonacci extension).
Tips:
1. The RSI (1h) is forming the exact same pattern as the previous bullish wave, currently following the January 7th structure.
Please like, follow and comment!!
Notes:
Past trading plan:
SPY/QQQ Plan Your Trade 1-15 Followup: Rally Into Jan 20-23This video was started to highlight the incredible predictive capabilities of my SPY Cycle Patterns and longer-term Cycle Research.
It seems almost impossible to be able to somewhat accurately predict future price moves - but I'm able to do it with moderate success - sometimes months and years into the future.
What does that mean to you - well, it should mean you want to pay attention to my research/videos and learn how to take advantage of my continued research.
This video highlights why the Doom-sayers are wrong. The markets will continue to trend upward until the 2030-2033 peak. That's when traders need to be prepared for a broad market downtrend.
But, it sure is fun getting emails and announcements from all the people that are now calling for a "great reset" to take place.
It may happen in certain countries, but this is a market of economies - not a single economic market. What happens in some countries does not always happen to all countries.
As the old saying goes - this is a market of stocks, not a stock market.
Get ready - the next 5+ years should be full of incredible opportunities for skilled traders.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold - 15 min ( Sell Scalping Target range 150 PIP ) The current analysis of Gold trading within the FXCM framework indicates a significant bearish reversal at the key level of 2694 points, evidenced by heightened trading volume. The identification of this critical level on the 15-minute time frame underscores the potential for market repositioning. We emphasize the provision of precise opportunities and analytical insights, prioritizing accuracy over numerical metrics in our assessments.
⚡️GOLD / FXCM
Best Break Our / Key level's 15m Tf
🚨Bearish Reversal Out key level + High Volume / 2694 Point
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
GOLD - Potential Pullback to Retest SupportGold is trading near a key resistance zone within an ascending channel, suggesting a potential pullback. If price rejects the resistance zone, this could present an opportunity for sellers to re-enter the market.
The immediate target for sellers lies at $2,677.99, a key support zone where buyers might re-enter. A decisive break below this level could pave the way for further downside, with the broader ascending channel potentially invalidated.
This setup reflects a clear shorting opportunity if the price fails to sustain above resistance. Traders should wait for bearish confirmations before considering short positions.
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC day on the charts once again!!!
Yesterday after completing the bearish target at 2665, we confirmed the rejection with no lock below. The bounce gave us a nice push up, all the way into 2694 our Bullish target, perfectly inline with our plans to buy dips. We were able to secure over 100 pips clean!!
We are now looking for ema5 lock above 2694 for a continuation to the next Goldturn or failure to lock above will follow with a rejection back to lower Goldlturns for a bounce.
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
2694 - DONE
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE FOLLOWING BEARISH TARGET
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE SWING RANGE
SWING RANGE
2600
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
SPY/QQQ Plan Your Trade For 1-15 : Inside BreakawayToday is going to be a very interesting day.
Mortgage data came in very strong, while CPI data came in moderately weaker. That is setting up a very strong GAP RALLY phase in the markets.
Shorts are going to get SQUEEZED HARD this morning, and I suspect we may see a carry-through rally lasting most of the day.
Be cautious of a pullback after the big GAP opening (higher) this morning.
Gold and Silver are attempting to move higher - which is perfect if the US Dollar weakens moderately. Overall, Gold and Silver are attempting to hedge risk factors into 2025.
Bitcoin will likely run into resistance just below $100k and attempt to fall downward again.
This is a very exciting week because it appears the markets are shaking off the debt/credit/yields concerns and moving back to normal.
Remember, where else will investors place their capital for Growth and Returns - other than the US? As I see it, the US markets are still the 900lb Gorilla in the global markets simply because of the ability of the US economy to rebound and recover much quicker than other foreign economies.
Get some.
BIG SHORT SQUEEZE this morning.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold is rising!If we look closely at the gold chart, we have broken a good pattern up and we have an untouched point as a target. We expect to move towards the specified target after a short correction. Of course, next week the correction may be much smaller than expected! Selling deals are a bit more risky at the moment