long on gold to catch wave C of abc correction of bigger X (wxy)its time to buy gold to catch wave c upward from abc in bigger WXY correction...after that wave Y downtrend will start
GOLDCFD trade ideas
XAUUSD POSSIBLE MOVEMENTHello traders look at my chart I have shared gold signal must share your ideas about .
According to my personal analysis gold will Bearish more, there is support and resistance given bellow if its breaks the support the next move of gold is identified in the chart .
Key points ,
Resistance zone .2663
Support zone .2642
Target point .2633,2630
Must share your ideas about it support with your likes and comments follow me for timely updates .
BOTTOM FOR GOLD? - FED RATES TOMORROW; ONLY A PROJECTION! As illustrated, I am trying to visualize what COULD be an inverted head & shoulders pattern, THAT HAS NOT BEEN FORMED YET!
I REPEAT: IT HAS NOT BEEN FORMED YET
The only reason I share this idea, is because tomorrow, WED 18th, the FED has to decide for the last time this year if to lower rates or keep them at 4.75% basis points. Should the FED decide to LOWER them, this could cause gold to spike and potentially being the bullish impulse I am trying to project here.
Should the FED KEEP the rates where they are, the market MIGHT simply continue its "current normal" path which STILL HAS BEARISH STRUCTURE.
THAT BEING SAID ...
Be patient with this potential setup, and wait for the rates to come out + a few hours for the market to price in the decision of the FED, because there is still room for gold to drop to the psychological price range of 2610 - 2600.
Gold is at a spot where it could manipulate one more time before a pop to the upside, in order to induce sellers and generate liquidity.
Regardless the outcome of the FED rates, if price does indeed take off, make sure it closes above the pivot area illustrated and make sure such area HODLS as support In the near future for a potential buy opportunity towards a year-end bull expansion toward + 2730...
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GOOD LUCK!
XAUUSD(GOLD) SELLXAUUSD(GOLD) 15 MIN CHART
Hello Traders. If you find this analysis useful, please support me with your likes and comments.
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
GOLD // trade the correctionThe correction is valid, and the daily is in sync with H4 in the short countertrend.
There is a clean (not yet tested) brekout on H4 that may stop the price from falling, but scale-in is possible when the valid H4 long countertrend breaks.
Target zone is the daily 138.2 and the correction fibo 38.2 levels.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Small correction up and a drop for goldHi traders,
Last week XAUUSD tested the higher Daily FVG again and dropped.
This could be the start of the last C-wave (orange).
So next week we could see a small correction up and another drop to finish the (orange) A-B-C ZIgzag correction.
Or it turns out that the whole bigger correction was a Triangle (finishe before blue wave b) and we see the next impulsive wave up from here. Then you could trade longs after a correction down on a lower timeframe.
Let's see what price does and react.
Trade idea: My main idea is the first one.
So I would wait for a correction up and a change in orderflow to bearish to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Could the price reverse from here?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support.
Pivot: 2,627.26
1st Support: 2,585.13
1st Resistance: 2,664.57
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Gold Price Analysis| BullishHi there,
The gold price is anticipated to drop for a pullback and rise to three potential levels, targeting a bias of 2745.736, in accordance with the W-Z pattern of ABC-D.
The (DX) is where most bullish pressure was active, which was almost at the retest of the dotted trendline break. If the bears break the dotted trendline, the setup will be invalidated.
Overall, gold is unstable, lacking clear volatility. A possible indication of clarity may come next month.
Happy Trading!
K.
Monday trading PlanPrice has been dropping aggressively on Friday, creating a significant displacement to the downside. The area around 2680 is identified as a key supply zone where sellers might step in again.
Bias is on the bearish side and I am expecting a retracement to 2680 (supply zone), followed by a continuation of the downtrend.
A move up to 2680 will allow for liquidity to be swept, and then the price could reverse sharply. BUT things might go differently, this is my main scenario and plan.
Next Steps:
Look for longs as price will approach 2680 OR just wait patiently to see if it happens.
Once at 2680 level watch for signs of reversal like a liquidity sweep, bearish market structure shift (MSS), and the FVG being respected.
Target lower prices, ideally back to opening price around 2640 and ideally 2600 but that might only be later on today maybe during New York.
This is MY main trade idea for today, I am waiting for the retracement and the drop. If price doesn't reach 2680 or shows signs of reversal earlier, I will adapt accordingly.
Trade safe!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Will Grow! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,643.843.
Considering the today's price action, probabilities will be high to see a movement to 2,651.719.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
Gold 1H Intra-Day Chart 18.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Gold 1H Intra-Day Chart 18.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
Gold --> Bear Market Intensifies, Key Resistance LoomsHello, dear friends! This is Ben.
Gold prices rose after a false breakout at 2,650. Fundamentally, the situation remains complex, and technically...
The metal's price is being influenced by geopolitical tensions, weaker U.S. bond yields, and a softer USD, which supports the safe-haven appeal of XAU/USD. However, bets on a less dovish Fed warrant caution for bullish markets ahead of this week's FOMC meeting.
Theoretically, additional gold price gains could be limited by concerns about China's economy after its industrial production posted a modest rise in November, while retail sales disappointed. Widening gold discounts in India amid subdued wedding season demand due to higher prices may also act as a drag on the metal. China and India remain the largest gold consumers globally.
Looking ahead, U.S. PMI data also warrants attention for fresh insights into the Fed's rate trajectory next year, which could heavily influence gold prices—given gold's sensitivity to the USD.
From a technical perspective, gold is attempting to break out of a major range, testing critical support. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. If there is a false breakout around the 2,655 level, a minor correction toward resistance could form. However, with prices testing strong support, we may witness a false breakout followed by a corrective move to the 2,660–2,675 region (0.618 Fib retracement) before resuming the downtrend.
Rate, share your opinion and questions, let's discuss what's going on with.
XAUUSD: Market Analysis and StrategiesGold technical analysis
Daily resistance 2627, support below 2583
Four-hour resistance 2627, support below 2600
Gold operation suggestions: On Thursday, gold rose from 2583 to 2626, rebounding 43 dollars, just touching the area near the daily short-term moving average MA5 and falling to 2586. The ups and downs made it difficult for investors to see the market clearly. Yesterday, the gold price maintained a wide range of long and short shocks and closed weakly below 2600. Today's idea is to continue to be bearish and continue to sell on rebounds.
For European and American market operations, the 5-day moving average of the daily line is at 2614, and the strong resistance is at yesterday's high point 2626. The current price is 2605. Don't rush to enter the short position for the time being.
SELL2626near
SELL2614near
BUY:2600near
BUY:2583near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold buys ? lolI haven't traded in a while but hoping to see this re trace a little before shifting bullish. lets see how it unfolds
XAUUSD - sells in play?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair updated from the previous one.
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play.
XAUUSD is currently trading at around 2670s .
If you remember our previous long-term view on OANDA:XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD completed the predicted long-term move to the upside.
- XAUUSD sells were called at the top of the area (2714).
- XAUUSD failed to break higher and is following the long-term analysis.
Happy trading!
FxPocket
Gold Intraday Trading Plan 12/19/2024Gold indeed melted down from 2650 level after FED. As stated yesterday, after 2620 was broken, the next level is 2550. If 2550 is broken, 2500 is the next target.
I am looking for selling opportunity from 2600.
Under such bearish environment, buying is strongly not advised.
XAU/USD 20 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!!
ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED)
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!!
ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED)
Analysis/bias remains the same as yesterday's analysis dated 19 December 2024.
Price Action Analysis:
Yesterday's analysis played out as expected with price targeting weak internal low, printing a bearish iBOS.
Price has printed a bullish CHoCH, indicating, but not confirming bullish pullback phase initiation. We are now trading within an established internal range.
Intraday Expectation:
Price is currently trading at premium of internal 50% EQ where we could see a reaction. Price could potentially trade up to M15 supply level before targeting weak internal low priced at 2,583.915
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Potential LongPlan now is to wait for London session and watch the inversion fvg on the 15 minute to see if potential longs will form... that void is low resistance to trade up against
GOLD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2,662.621 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Gold Analysis December 20⭐️Fundamental Analysis
Gold prices maintained a buying bias in the first half of the European session on Friday amid prevailing risk-off sentiment. Amid persistent geopolitical risks and trade war concerns, the threat of a US government shutdown prompted some safe-haven flows into bullion. C
The Federal Reserve's hawkish signal that it will slow the pace of rate cuts in 2025 acted as a driver for US bond yields and favored USD bulls. Traders now look to the US Personal Consumption Expenditures (PCE) price index, which could influence the USD price dynamics and act as a driver for gold prices in the US session.
⭐️Technical Analysis
Gold rebounded from 2587. This zone became a resistance zone but is no longer too strong if the selling pressure is strong. The important zone at the moment is around 2607. When this zone breaks before the middle of the European session, the target of 2622 will be where SELL signals can be considered. If the US session breaks this zone, we have two possible resistance zones, the first SEL around 2633-2635 and when this zone breaks, we must aim for 2658-2660. If it fails to break 2607, set SELL to 2555.
⭐️Trading signals
SELL GOLD zone 2622-2624 Stoloss 2627
SELL GOLD zone 2633-2635 Stoploss 2638
BUY GOLD zone 2656-2654 Stoploss 2651
BUY Scalp 2692-2690 Stoploss 2687
Potential LongLooking at the behaviour of silver, price may drop a little further to fully gravitate into support below 2605.25 area and head up from the inversion sellside fvg. or it may head up from the volume gap found in 4h 2637.51. I will be watching those areas for liquidity grab and watch the reaction from within that high resistance zone.
