ULTRA SELL XAUUSD LEVEL TODAY - CRITICAL PRICEBased off my sentiment and SOP , i foresee a heavy sell for a solid 60-120 PIPS from the level of 2685.61-2685.91
GOLD.PRO.OTMS trade ideas
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.
UPDATE : M15 XAUUSD SHORT KEY LEVEL - PRICE ARRIVING NOWAs you can see on the previous analysis, whereby a forecast was sent on the projection of a Bull Run to Re-Test the TRUE SUPPLY level.
We can see that the theory is now in action, what we are waiting for now is to see whether 2686.79 can bring us the Short we are looking for of at very least 1:2 RR
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue?
Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected
Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try
Resistance levels: 2675, 2682, 2699
Support levels: 2658, 2636
From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high
Regards R. Linda!
Gold XAU/USDThis analysis is done by using ICT Concepts and SMT Concepts along with backtesting.
NOT FINANCIAL ADVICE. DYOR
Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold.
Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold.
In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back!
Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? 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!
XAU/USD HUGE MOVE INCOMINGXAU/USD has been forming a Bullish Pennant for over a month now, price is at a critical area. Price is going to make a very big move this week based on the technicals, since this Pennant is coming off of a bull leg we are more on the bullish side, however understanding some huge downside is still in the picture. We will be looking for buy limits if price falls.
XAUUSD TECHNICAL ANALYSIS ( READ CAPTION )hello traders kindly share your opinion about this chart.
current gold price: 2673
after breaking 2665 resistance a bullish trend has emerged which can push gold up to 2688. both day one candles of this weeks have supported gold. if market breakouts our demand zone 2688 then market's next move will be 2702.
key points:
supporting zone: 2668/2665
resistance level: 2688
kindly study my chart for more
like, comment and thanks for your support.
Gold forms a secondary high and will fall sharply againHello everyone. Today we can see that the 4-hour chart seems to need to form a triple top resistance at the secondary high point.
It can be found that the current trend of the 4-hour chart is very similar to the previous one. Both are after a long period of consolidation and then fall sharply again
Therefore, if the current trend of gold replicates the previous market after touching the resistance area, then you must be careful of a sharp drop in CPI
If you think my article analysis is helpful to you. You can like it. Thank you for your support. The content posted here will be delayed so you need to pay more attention to my information.
Could the price bounce from here?The Gold (XAU/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance.
Pivot: 2,657.81
1st Support: 2,627.26
1st Resistance: 2,713.51
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Disclaimer:
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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!❤️
Potential bearish drop?The Gold (XAU/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support.
Pivot: 2,666.69
1st Support: 2,529.22
1st Support: 2,529.22
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
$GOLD analysis XAUUSD 4H
1. The price reacted to the 0.618 Fibonacci level around 2674 and is attempting to break the downtrend line.
2. The next major resistance lies between 2745 and 2750.
3. If this resistance is broken, the potential target could be around 2800.
4. Key support is at 2635; losing this level may increase selling pressure.
5. The current structure indicates a potential breakout of the downtrend line and a move toward higher resistances.
XAUUSD BULLISH ANALYSIS (READ CAPTOIN)Hi taders! Share your opinion regarding this chart.
Current price: 2695
Currently gold is being supported by buyers as all d1 candle of this week have created bullish candles. After temporary retracement market has returned to it's bullish trend. Rejection of h4 candle is another indicator of a strong bullish market. If gold breakouts the price 2711 which is our demand zone then market will go further high up to 2732.
Key points:
Support zone : 2690-2680
Resistance zone 2710-2722
Please like comment thank you support
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
DeGRAM | GOLD will continue the pullbackGOLD is in an ascending channel between the trend lines.
The chart successfully closed our previous target, reached the support level and is now near the lower trend line.
We think that the pullback will continue if the price successfully consolidates under the trend line.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
THE KOG REPORT - NFP UpdateEnd of day update from us here at KOG:
Not much to report on todays movement, a bit of a disappointing NFP if we're to be honest. We gave the intra-day level of 2625 and said if it was attacked and held, it could give us that push upside into the resistance levels. That's what happened but it's too late in the session now to consider holding these trades with the weekend looming. For that reason, it's been a decent trade if you got it, protect and reward yourself.
Resistance above sits at 2642-5 which needs to hold in order to go lower. Otherwise, support 2630 again is in play giving us the potential range. If there is a late session move, keep an eye on the key levels! Red box levels also working well.
We'll be back on Sunday with the KOG Report and our view for the week ahead. Wishing you all a great weekend.
As always, trade safe.
KOG
XAUUSD-1H-SellShort and medium term gold analysis
We are sellers as long as $2705 is maintained as resistance.
The target and upcoming supports are 2677, 2663 and 2650 dollars, respectively.
GOLD PredictionWe can see Drop Base Drop at 2725 and also support level. Also chart might create a double top pattern. I'll go short at 2725 and TP at next base which at 2627.
XAUUSD-SELLXAUUSD anticipation in 4H timeframe where we see clear Head and Shoulder clear sign that seller are still strong in the Market
XAUUSD consolidating awaiting the bullish break-out.Gold (XAUUSD) has been trading within a Channel Up pattern, with its most recent Higher Low being priced on the 1D MA100 (green trend-line). Since November 25, it has been stuck in range within the 1D MA100 and the 1D MA50 (blue trend-line).
As pre the RSI, this is a consolidation before the bullish break-out that will confirm the new Bullish Leg. A similar RSI consolidation around its MA trend-line was last seen during Gold's last Higher Low formation (June 07 - 27).
The break-outs Target was Resistance 1, so that is our Target again (2790). If however for any reason the price closes a 1D candle below the 1D MA100, we will be quick to take the small loss and on the counter go short, targeting the 1D MA200 (orange trend-line) at 2500.
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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- 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.
