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Gold breaks up, can it test the previous high? Recently, gold has maintained an upward channel and fluctuated upward, and the overall trend is strong. From the hourly line, the gold price has continued to fluctuate higher since the 2615 line, and has now broken through the top pressure of the upward channel, forming a typical top-bottom conversion structure. The key support below is in the 2676-2678 area. In the Asian session, gold fell slightly from the high level and received support at the 2680 line. It rebounded again in the short term and is currently testing the 2700 line of resistance. From a technical perspective, gold is still in an upward break structure as a whole, and the short-term long and short key points are concentrated in the 2680-2676 area. If the price stabilizes in this range, it is expected to continue to rise in the future, with the target pointing to the two strong resistance areas of 2725 and 2750; on the contrary, if it falls below this range, it may return to the previous channel, with a bearish trend, and further move down to the 2664 line. In the short term, although gold has failed to rise many times, showing the characteristics of "slow rise and fast fall", the upward breakout pattern has not been destroyed, and the price structure is still bullish. In terms of operation ideas, it should be mainly low-long, combined with high-short strategies to respond flexibly. Summary: The current upward breakout pattern of gold has not changed. In terms of operation, it is advisable to mainly do more at low levels. If the high level is under pressure, you can try shorting with a light position, strictly control risks, and pay attention to the breakthrough of key intervals. Trading strategy recommendations Short strategy Layout area: Gold rises to 2700 and is under pressure, and short orders can be arranged. Stop loss setting: above 2715. Target position: First target: 2675, observe the support strength. If it falls below 2675, look further down to the 2664 area. Long strategy Layout area: After gold adjusts to the 2675-2680 area and stabilizes, long orders are arranged. Stop loss setting: below 2664. Target: First target: 2690 Second target: 2700 is further expected to 2725-2750 after breaking through. Risk warning The trend of gold is currently affected by both technical and emotional factors, and it is necessary to pay close attention to the performance of key support and resistance levels. At the same time, it is necessary to pay attention to the impact of fundamental factors such as the US dollar index and economic data on gold prices and adjust strategies in a timely manner.
FOREXCOM:XAUUSD
by RonPeter_Trading
XAU/USD 13 January 2025 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. 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: Bullish. Price Action Analysis: Intraday expectation was met with price successfully targeting weak internal high. Price subsequently printed a bullish iBOS followed by a bearish CHoCH. We are currently trading within an established range Price has traded in to discount of internal 50% EQ. Intraday Expectation: Price to target weak internal high, priced at 2,697.950. Price could potentially trade down to M15 demand zone to sweep liquidity before targeting weak internal high. 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:
OANDA:XAUUSD
by Khan_YIK
Is XAUUSD move towards 2720?As we have mentioned in our weekly detailed video,Gold is on Rising wedge channel ,last Friday On NFP numbers market respect the 2665 support area and rejected back immediately which have strong signs that market is on 2720 mark! What possible scenario do we have? The weekly closing was above 2680 R&S area and its the red line we have,any H4 Candle closes below it, bullish move will be invalid for while and market will be back to 2650-2680 zone. On the other hand , im expecting market will on bulls side this week technically towards 2720 after the on strong rejection from the previous support of 2664. Where the Rising channel can do a drop? As we have history market is moving up however its respecting the previous Resistance.
FOREXCOM:XAUUSDLong
by Forexmaestro121
Bearish move coming up for XAUUSD?Daily timeframe: Price is currently trading around 2689, with price action hovering around our HTF OTE zone (2685-2696.4). H4 Timeframe: Price is currently trading within our H4 ascending channel and has met with our H4 SnR zone + at the resistance trend line. I would expect a minor push up before a nice breakout sell soon, this is also supported with DXY’s price actions as I would expect DXY to retrace a little to an area of discount before pushing up higher. Furthermore, fundamental news thus far puts the US Market in a good condition for more growth, and hence, putting technical and fundamental analysis together, I would expect a correction for XAUUSD in the following days/weeks. Stay tuned!
OANDA:XAUUSDShort
by joashpty
Analysis of the latest gold market trends: Analysis of gold news: After two consecutive days of gains, gold prices are currently rising slightly on Thursday (January 9), trading around $2,671. Although market risk sentiment, geopolitical risks and trade risk concerns continue to support the demand for gold as a safe-haven asset, the prospect that the Federal Reserve may slow down the pace of interest rate cuts has boosted the US dollar, thus putting pressure on gold with no yield attributes. The US dollar is currently holding near the two-year high hit last week, further weakening the upward momentum of gold. The rise in risk aversion has pushed US Treasury yields to a slight correction, which to some extent has suppressed the willingness of US dollar bulls to increase their positions and also limited the downside of gold prices. However, the market may be inclined to stay on the sidelines as it awaits Friday's U.S. non-farm payrolls (NFP) report. In addition, speeches by several members of the Federal Open Market Committee (FOMC) have become the focus of short-term trading opportunities during the US trading session on Thursday. The minutes of the Federal Reserve's December meeting showed that policymakers believed that labor market conditions were gradually easing, while supporting a slowdown in the pace of interest rate cuts to respond to signs of stagnation in inflation deceleration. Meanwhile, the yield on the benchmark 10-year U.S. Treasury note rose to its highest level since April 25 last year on Wednesday, providing support for the dollar and becoming another factor weighing on gold prices. Additionally, geopolitical tensions have also provided some support for gold prices. CNN reported that US President-elect Trump is considering declaring a national economic emergency to provide a legal basis for universal tariffs on allies and opponents. In addition, Israel continues to carry out air strikes on the West Bank. Technical analysis of gold: From the current market, the lows are moving up and the highs are refreshing. The positive trend of gold the next day fully demonstrates that short-term bulls are taking the initiative, which will undoubtedly increase the probability of gold prices hitting 2670, but as mentioned above, we also need to be prepared for a false break or a real break in the market. From a technical perspective, the daily line is driven by the continuous positive pattern, resulting in the price running effectively above the short-term moving average and the middle track of the Bollinger Band, and the short-term moving average is in an upward pattern at 2645 and 2638 respectively. Other periodic indicators maintain a bullish arrangement, and the macd indicator is in a golden cross upward pattern, so the bulls have the conditions to test strong pressure. However, given that the overall closing of the Bollinger Band has not yet formed a favorable pattern for the bulls, and secondly, the upper high point 2670 is under effective pressure, so while the daily line is bullish overall, it is also necessary to guard against a high and fall in the gold price. From the perspective of gold 4 hours, after yesterday's pull-up, the price effectively crossed the short-term moving average and the middle and upper rails of Bollinger, and the strength of the bulls was reflected. However, as the gold price fell from the high this morning, it is now running below the upper rail of Bollinger and near the 5-day moving average. The short-term moving average is rising as a whole, but other periodic indicators continue to follow, and the Bollinger band is opening as a whole. In addition, the double lines of the macd indicator extend upward in a golden cross pattern, showing signs of upward volume. Therefore, the overall 4-hour level tends to rebound. Intraday operation suggestions: The main idea is to go long on the callback low. For the support below, focus on the 2647-2650 area, and continue to look at the 2670-2680 area above. If the bears break down strongly, it means that the downward space will expand. At that time, you can see the test of the support around 2638. Here, as a strong support shown by the adhesion of the daily 10-day moving average and the 20-day moving average, you can still boldly try to layout multiple orders. For upper suppression, first focus on the 2672-2675 area. If bulls want to achieve strength, they must break through and stabilize this area, otherwise the time period for shorts to control the market will be lengthened. Overall, the short-term operation strategy for gold today is mainly based on low-level bullishness, supplemented by high-level rebounds. The upper short-term focus is on the 2685-2690 line of resistance, and the lower short-term focus is on the 2660-2655 line of support. Operation suggestions: For the first time, gold fell back to 2658-2660 to go long, with a stop loss of 2650 and a target of 2672-2675.
FOREXCOM:XAUUSD
by Caesar_Gorman01
2
Confirm analysis of gold read the caption Inflation in the US, as measured by the change in the CPI rose 2.9% on a yearly basis in December from 2.7% in November, the US Bureau of Labor Statistics (BLS) reported, matching expectations. When compared to the previous month, the CPI was up 0.4%, after adding 0.3% in the previous month. The annual core CPI, which excludes volatile food and energy prices, rose 3.2%, below the expected 3.3%. The news sent stocks skyrocketing and bond yields lower as investors lifted bets on the Federal Reserve's (Fed) upcoming
OANDA:XAUUSDLong
by Mrsam36
Analysis of the latest trend of gold market: Analysis of gold news: Spot gold rebounded slightly during the U.S. trading session on Thursday (January 16). The price of gold fell nearly $30 from the one-month high hit last Friday on Monday. The lowest intraday price hit $2,656.73/ounce and closed at $2,662.83/ounce. Last week's strong employment report consolidated the Fed's expectations of cautious interest rate cuts this year. The U.S. dollar rose sharply to the highest level in more than two years, and the U.S. Treasury yield hit a high of more than eight months, which blocked the gold price at the 2,700 mark. In addition, the breakthrough in the Gaza ceasefire mediation also suppressed the safe-haven demand for gold. The U.S. employment report released last Friday highlighted the strong momentum of the economy and made the outlook of the Federal Reserve unclear. The U.S. dollar index rose to 110.17, the highest since November 2022, during trading on Monday, but gave up its gains in late trading, and reported a weekly report of 109.59, a drop of about 0.05%. Trump will be sworn in as the President of the United States next week. The tariffs and protectionist policies he proposed are expected to stimulate inflation and may trigger a trade war, thereby increasing the appeal of gold as a safe-haven asset. People familiar with the matter revealed that the economic team of US President-elect Donald Trump is discussing slowly raising tariffs month by month to increase bargaining chips in a step-by-step manner while trying to avoid a surge in inflation. This has slightly cooled the market's concerns. The US December PPI data will be released this trading day, and several Federal Reserve officials will give speeches. Investors need to pay attention to them. In addition, investors need to pay attention to news related to the geopolitical situation. Gold technical analysis: Gold's two consecutive positive daily lines have recovered the previous decline. It has re-touched the 2700 integer mark and closed at a high level at the end of the trading day. The probability of breaking today has increased. At present, the daily line structure has driven the moving average indicator to turn upward to form support, and the daily line structure has begun to change to a bullish upward trend. The daily line closed positive, and there is still a high point today. The daily support is near 2678, if it reaches it, you can go long. The Asian early trading session pulled back to 2692 and opened higher, proving that the market is still very strong. The current price of gold is close to resistance at 2719, so we will not chase it. If there is a signal above 2719, we can consider going short first. There is nothing to analyze today. Gold is bullish but cannot chase the rise. In the bullish rising channel of the 4-hour chart of gold, the step-up rising channel is formed based on the low point of 2655. If the low point is not broken, the bulls will not change, although the process is slow. But the overall situation remains in a fluctuating rise. The 1-hour moving average of gold has entered the golden cross upward pattern again. The gold price has moved sideways and upward in the Asian session at 2685. The basic idea and direction are the same as those on Wednesday. As long as the decline stabilizes, we can continue to look at the bullish market. The market will break through 2720 points and form a new high. On the whole, our senior professional gold analyst team recommends that the short-term operation of gold today is mainly long on the pullback, supplemented by short on the rebound. The short-term focus on the upper side is 2726-2731 resistance, and the short-term focus on the lower side is 2700-2695 support.
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
XAUUSD . market target 2660 entry point 2675 stop loss 2683 You're planning to short gold (XAUUSD) with a specific strategy. To recap, your plan is: 1. Target: $2660 2. Entry point: $2675 3. Stop-loss: $2683 This means you're anticipating a potential price decrease and are setting a target for $2660. You're willing to enter the trade at $2675 and have set a stop-loss at $2683 to limit potential losses if the price moves against you. Some considerations: - The current market trend and sentiment - Potential economic releases or events that may impact gold prices - Technical analysis indicators, such as support and resistance levels Are you looking for any specific market analysis or updates to inform your trading decision?
CAPITALCOM:GOLDShort
by Stevenexpert
GOLD Awaits Breakout Amid Key Data Releases! GOLD is forming a symmetrical triangle, signaling a potential breakout soon. The price is consolidating near the 2675-2681 resistance zone, a key area to watch. The PPI data released yesterday slightly disappointed dollar buyers, offering support to the forex market and causing a small correction in gold. Looking ahead, CPI data could bring further support to the market and drive volatility. If GOLD breaks above 2681, we could see an upward move toward higher levels. However, a failure to hold above this zone may trigger a bearish breakdown toward lower supports. Resistance: 2675, 2681, 2690 Support: 2667, 2656 The triangle’s apex suggests a decisive move is imminent. Watch the CPI data and stay alert for the breakout! 🚨
CAPITALCOM:GOLD
by CRYPTOMOJO_TA