News setup wonWe have won the NFP news setup, we did sell entries at 2638, my sl was 2645 and tp was 2627, we got it.
Goldprediction
GOLD ROUTE MAP UPDATEHey Everyone,
A Piptastic finish to the week with our chart levels respecting and playing out like we analysed.
We tracked and traded the 1H chart all week, which was playing in a tight range, allowing us to use the weighted levels for the bounces throughout the week, taking advantage of the 30 to 40 pip weighted bounces.
This is now the 4h chart that we shared on Sunday and as you can see the retracement range was tested to perfection today, clearing 2612 bearish target, followed with the bounce just like we stated, completing the week with a bag full of pips.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD SHOW BULLISH CHARTLet it show bullish move in smaller time frame bigger time frame still breakdown and retesting closing below this range and next week opening will be red
personally not in any trade right now..
Gold 2645 continues to be short
During the Asian session on Friday, December 6, gold fell from 2635 to 2613, and then suddenly soared in the short term. The price of gold has risen sharply from the intraday low of around 2613 US dollars per ounce, and the current price of gold is around 2643 US dollars per ounce. There are reports that South Korea may have a second martial law, which has rapidly heated up the market's risk aversion and stimulated a sharp rise in gold prices.
Analysis and interpretation of gold trends!
Gold rose first and then fell yesterday, and the final rebound stopped at 2655. The trend is in line with our bearish expectations. As for the market falling and breaking, it is a normal market! Yesterday morning, due to the negative news of data, gold fell under pressure, and continued to fall in the early trading today. As the support position of 2606 is close below, it is no longer appropriate to chase the short position!
In terms of trend, gold lacks upward momentum at the 4-hour level, and the market fell after testing the 2660 position three times in a row. This week, the market has been maintained in a small range of 2630 and 2650. It is inevitable that the breakout will accelerate. At present, the bulls are under serious pressure. Unlike the previous continuous rise, this week has been weak and volatile. So we can continue to maintain the high-altitude thinking unchanged!
Gold point: European session 2643-45 directly short, defense 55, target to 2613-06!
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management.
Technical Analysis:
Daily Chart:
• Price struggles below the mildly bearish 20 SMA.
• Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend.
• Momentum indicators remain neutral, supporting the absence of bullish reversal signs.
4-Hour Chart:
• XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA.
• The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower.
• Indicators are aligned with bearish momentum, suggesting further downside.
• Support Levels: $2,626.70, $2,611.35, $2,598.70
• Resistance Levels: $2,643.30, $2,655.00, $2,671.55
Fundamental Analysis:
The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data:
• ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength.
• Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist.
• Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD.
Trade Management:
• Entry near $2,645 with clear rejection signals.
• Stop Loss: Placed above $2,659 to manage risk efficiently.
• Targets: Initial take profit at $2,622, with a potential extension to $2,610.
• Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches.
• Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
EASIET GAMBLE OF MY LIFESHORT IDEA ON XAUUSD
Just kidding, nobody can see the future and this is purely based on many confluences that i think go well together. Here goes nothing.
Asian buyside liquids XAUUSD: Monitoring the intricate shifts in Asian session buyside liquidity, where significant institutional orders and demand zones shape potential bullish trajectories, offering crucial insights into gold's price action and market structure.
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area;
But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580.
Trading strategy:
1. Short gold with 2630-2635 area as resistance;
2. Try to long gold with 2610-2600 area as support (only try once)
3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area
Bros, how are you going to trade 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 trading zones: 06-Dec-2024Today’s Gold trading zones: For educational purposes only, use at your own risk.
XAUUSD Trade Log - Monthly Swing TradeXAUUSD Swing Long Trade
This is a high-confidence swing trade setup with multiple confluences across monthly and daily timeframes.
Trade Details :
- Risk: 5% of capital
- Risk-Reward Ratio (RRR): 1:4
- Entry: Anywhere within the monthly Fair Value Gap (FVG), which has a 90-point range. You may DCA (Dollar Cost Average) into your position for better flexibility, though this is discretionary.
- Confluence: Signals align from the monthly down to the daily charts, indicating strong bullish momentum.
Macro Factors Supporting Gold Longs :
- Safe-Haven Demand: Global geopolitical tensions, including conflicts in the Middle East and Eastern Europe, have driven investors toward gold as a risk-averse asset.
- Rising Recession Risks: With several central banks maintaining high interest rates for prolonged periods, economic slowdown fears are rising, further boosting gold demand.
- Central Bank Purchases: Central banks worldwide, especially in emerging markets, continue to accumulate gold reserves to reduce reliance on the US dollar.
- Inflation Hedging: Persistent inflation concerns make gold an attractive hedge, particularly as real yields show signs of plateauing.
- Weakened Dollar Outlook: A potential pivot in US Federal Reserve policy could weaken the dollar, which would likely support gold prices in the medium to long term.
This swing trade offers a strong opportunity to capitalize on the current macroeconomic and technical landscape favoring gold's upward momentum. Stay aware of any unexpected fundamental developments that could influence the market.
12.6 Gold breaks bottom to welcome non-agricultural sector!Tonight's non-agricultural data, the market is divided into two sections:
1. Before the non-agricultural data, according to the current rhythm, it is considered to be volatile, so change the range or short, volatile 618, choose the intraday decline and rebound 618 position, you can also short.
2. Non-agricultural data, last month's non-agricultural data was only 12,000. According to ADP, it is bullish for gold, but the data is bullish, and the probability of non-agricultural data being negative is not high. It can only be lower than expected. At the same time, the increase in unemployment rate is bullish for gold. This is also difficult.
So for the evening non-agricultural data, the current decline will either release the non-agricultural trend in advance or rush down and fall back. It is unlikely to be simply bearish.
The intraday short-term 618 position is at the 2626-8 line, which can be blocked for the second time.
Non-agricultural support, if it continues to break the bottom, don't grab more, this kind of continuous bottom breaking, more is meaningless.
See if it bottoms out and rebounds, and treat it as a new range of fluctuations.
Focus on the 100-day moving average position below, the daily large-scale support level
In addition, according to our shock formula, short-term and long-term opportunities are not available at the moment.
Before the non-agricultural market, there will be a second reminder, just follow the members.
GOLD HAS BROKEN MANY SUPPORT 🥇 Gold has broken many support levels such as 2640-2630 to extend the decline this morning. In today's Asian session, watch for the recovery to continue to sell gold, aiming for the support zone of 2607-2600.
Gold has broken the triangle pattern around 2638 - And if the H4 candle closes below 2620, it will break the neckline of the head and shoulders pattern
🛫Therefore, watch for the recovery to continue to sell gold.
Gold Short Scenario for NFPGold prices dropped by $25 on Thursday, December 4, breaking below the consolidation zone. It's common for gold to test both the highs and lows of consolidation areas ahead of major data releases. I view this decline as a potential manipulation of the lows, anticipating a rebound toward the 2658 level to target the highs before a stronger sell-off resumes after the data release.
Alternatively, the price might extend this manipulation phase further, reaching the 2675-2680 level, where the H4 order block aligns with the upper boundary of the descending channel.
1st Scenario
Short Entry: 2658
Stop Loss: 2663
2nd Scenario:
Short Entry: 2675
Stop Loss: 2690
Targets: 2622 > 2605 > 2589 > 2560 >...>2430
Bitcoin Hits $100K: What Does It Mean for Gold?Bitcoin’s historic surge past $100K has reignited debates about its role in the financial world. Fed Chair Jerome Powell weighed in, calling Bitcoin a "speculative asset," likening it to virtual gold rather than a competitor to the dollar:
"It's highly volatile, not a store of value or form of payment. It's really a competitor for gold."
With Bitcoin soaring, many are asking: Could this mark the beginning of a stronger correlation between Bitcoin and gold, or are they destined to move on separate paths?
Gold Faces Its Own Test
While Bitcoin grabs the headlines, gold prices slipped below $2,630 per ounce, pressured by firming U.S. Treasury yields. Benchmark 10-year yields rose 0.6%, as markets anticipate today’s U.S. Non-Farm Payrolls (NFP) report, expected to show 200,000 new jobs. A weaker report could lift gold, especially as traders assign a 74% chance of a 25-basis-point Fed rate cut in December.
Fed Chair Jerome Powell has emphasized caution, acknowledged the economy’s resilience but signaling a careful approach to rate cuts. Gold, often a winner in low-rate environments, now finds itself at a critical juncture.
Our Trading Plan for Gold
Key levels to watch as we await the NFP report:
$2,630: Monitor for price reactions to this recent support.
$2,537–$2,530: Look for potential opportunities at this deeper support range.
The Bigger Picture
As Bitcoin claims new highs and challenges gold’s status as a store of value, gold continues to be swayed by macroeconomic forces. Will gold bounce back, or is it preparing for further dips as Bitcoin surges?
Let us know your thoughts—will Bitcoin and gold align as Powell suggests, or will their paths diverge further?
For more in-depth gold analysis and updates, stay tuned. And as always, happy trading!
12.6 Gold shock awaits non-agricultural sector① Gold was still in a range yesterday and needs to wait for Friday's non-farm payrolls;
② The current daily indicator MACD is oscillating near the zero axis, and the dynamic indicator STO is oscillating upward with two lines; it means that there is no direction.
③ The daily Bollinger Bands are beginning to shrink and compress the range on the three tracks. The current upper and lower track range is 2705-2558, and the small range is the middle track and MA30 adhesion point 2631-2667
④ The current 4-hour moving average is entangled with the middle track, and the upper and lower tracks are running flat, which means range oscillation. The current range is 2629-2656.
Strategy:
Long near 2615, defend 2605, and target 2644-2650-2658
Short near 2660-62, defend 2669, and target 2650-2645
GOLD SHORT TRADING PLANReason: Making a USD a Bullish because it play its Divergence and Now Gold are making Trendline and trading plan is according to Resistance and Support. Thank You
GOLD DAILY CHART UPDATEHey Everyone,
Another ranging day on the charts today, which works perfectly with our strategy and plans to buy dips, as we are able to continue to use the weighted level to take the bounces.
Please see the daily chart update, to give you all an overall view of the range. We are playing between two weighted levels 2629 and 2686. 2629 is still providing support with no ema5 lock below.
This is allowing us to use our smaller timeframe analysis on the 1H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range.
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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD Updatethis pair is forming a triangle with a valid blue trendline with 3 touches and now we're waiting the market to hit the red trendline with the third touch to make it valid and then we will be waiting for a breakout to enter a sell or buy position
follow us for more updates
12.5 COMEX Gold Technical AnalysisFrom a technical perspective, the gold daily line is close to the upper edge of convergence, and the Bollinger Bands show signs of closing. At the same time, the price has not broken through the moving average pressure, and the KDJ indicator is in a state of fluctuation without an obvious direction.
The daily level convergence pressure is around $2,690. If it breaks through, it is expected to accelerate upward and test the previous high point. If it breaks below the support of 2,640, it will accelerate downward.
From the 1-hour level, the Bollinger Bands are closing, and the convergence structure is entering the end, waiting for the direction to be chosen. The current volatility has dropped significantly.
The technical indicators remain volatile, with intraday high selling and low buying, and the lower support is $2,650 and the upper pressure is $2,690.
SELL: 2,650 Defense: 60 Target: 35-----30
GoldXAUUSD ( Gold / U.S Dollar )
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
Extreme Point of Interest ( POI )
GOLDLook for a potential BTC sympathy rally before some asset allocation as investors move funds into BTC.
12.5 Gold shocks, waiting for non-farm payrolls, short and longYesterday, the gold market opened at 2643.2 in the morning and then fluctuated in the range. Before the start of the U.S. market, the market gave a daily low of 2631.8 and then the market quickly pulled up to the daily high of 2657 and then the market consolidated. The daily line finally closed at 2649.8 and the market closed in a spindle shape with a lower shadow slightly longer than the upper shadow. After ending with this shape, today's market fell back to more. In terms of points, if today's market rises first, give a short stop loss of 2652 to 2657. If it falls back to 2637 first, the long position will be conservative at 2635 and the long stop loss will be 2631. The target is 2657. If it breaks, the pressure of 2661 and 2667 will be seen.
XAUUSD Trade LogXAUUSD Buy Signal:
Entry within the daily Fair Value Gap (FVG), aiming for a 1:3 Risk-Reward Ratio (RRR) with 1% risk. While there is a conflicting bearish FVG that might obstruct the path to the take-profit (TP) level, the trade setup remains valid and will be executed regardless.
Key Details:
- Risk: 1%
- RRR: 1:3
- Entry: Daily FVG in a discounted zone
- TP: Positioned below the bearish FVG to mitigate resistance
- Note: Monitor price action near the bearish FVG as it may create challenges for the bullish move.
