GOLD - 12?31?24.As we can see, in the future of this analysis - we may see price create a bearish pattern.
Will be looking to take advantage of this opportunity and trade the bearish pattern.
- FX_Dispenser .
ORO1! trade ideas
[GOLD] Time for the pullback ?After the huge rally we had on the TVC:GOLD , it can be time for a pullback.
Here I start my feelers for a short swing position in building and will manage the position / scenario after this first entry.
We reach my 2 weekly targets for the longs (I didn't expected the second one to be touched as fast) and the rejection of the second one is also an indicator showing me the timing to try my first shorts ...
Great Trade !
Long Gold with Target Growth Next Week
- Key Insights: Gold has shown increased demand due to ongoing economic
uncertainty and inflation concerns. Investor sentiment remains bullish as
central banks continue to face challenges in controlling inflation, making
Gold a safe-haven asset. Traders should look to capitalize on the volatility
surrounding inflation reports and geopolitical tensions.
- Price Targets:
- Next week targets: T1=2720, T2=2760
- Stop levels: S1=2600, S2=2570
- Recent Performance: Gold has recently stabilized around the 2600 mark
following a rollercoaster of fluctuations driven by market reactions to
macroeconomic data. The recent consolidation hints at a potential upward
breakout given supportive fundamentals and persistent investing activity.
- Expert Analysis: Analysts remain cautiously optimistic on Gold prices, citing
that the current price environment is ripe for upward momentum. Most experts
believe that if the price holds above key support levels, we could see a
significant rally as institutional demand increases.
- News Impact: Recent economic data reporting higher-than-expected inflation
rates and ongoing geopolitical tensions have contributed to increasing
Gold's appeal. Central banks' futures guidance indicates a likelihood of
continued support for Gold due to currency fluctuations and market
uncertainty.
Opening Range (1hr) & Volume Profile for New York zone Opening range - wait until one hour range gets established. Then watch to see if trend continues outside of box or reverse to come back into the box.
Volume Profile
Pay attention to today's Value High, Value Low, POC as well as yesterday's VH, VL & POC.
Gold’s Year-End Sparkle: A Short-Term Bullish Play📢 Gold Year-End Bullish Setup 🚀
🔹 Trade Details:
Entry ( now ): $2,643
Take Profit: $2,654
Stop Loss: $2,637
📈 Why This Trade?
✅ Seasonal Trend: Year-end portfolio rebalancing typically drives demand for safe-haven assets like Gold.
✅ Cautious Sentiment: Investors are leaning towards Gold amid year-end uncertainties.
✅ Technical Outlook: Key support near $2,637 holds strong, with potential upside to $2,654.
📊 Analysis Summary:
Gold historically benefits from increased demand during year-end adjustments. Coupled with a supportive technical setup, this trade idea offers a favorable risk-reward ratio for short-term traders.
💬 What are your thoughts on this setup? Let me know in the comments and feel free to share your ideas!
Trade responsibly and manage your risk.
GC1! Gold Possible trades going into next week Gold could have some good play's coming through soon into the New Year . We still have New Year eve & day to get through before markets start moving more normal but as of now this is what I can see if it play's out with my strategy. January could be a wild start of the year with the new president going into office. Lets profit from it with possible major price action. 30min closure is what I'm looking for when it gets to the zone. 5min entry point
GOLD in monthly chart Nothing has changed in my view about gold chart and I am expecting more corrective sub-waves for its wave 4 we are in. The only concern is about wave iv and (iv) that mentioned with green arrow that can make an extension.
The main point is that we are in a wave 4 correction that can prolong more than you expect.
Another point that should be considered is that wave 5 is extended and it is supposed to rise roughly up to 3236 and then start to make a deep correct but THE SCENARIO for gold is BULLISH for a while.
Gold Analysis: Key Levels for Reversal (Dec 23, 2024)Hello, this is Greedy All-Day.
Today, we will analyze the Gold chart.
Daily Chart Analysis
Gold has shown a steady upward trend since 2017, forming consistent frames and rising in a stepwise manner. However, even within this long-term uptrend, the potential for both corrections and rebounds exists, which requires careful monitoring and strategic responses.
Currently, in the red box zone, we observe the following:
The moving averages have not yet formed a death cross, but Gold is facing resistance below both the 20-day and 60-day moving averages on the daily chart.
Additionally, the Ichimoku Cloud is acting as resistance, which is unusual compared to its usual supportive role.
The last time the Ichimoku Cloud acted as resistance was back in February 2024, making this resistance the first in nearly 10 months.
The key support level to watch is 2596.7, which served as last week’s support.
However, the possibility of a bearish scenario seems higher for the following reason:
The Lagging Span (Chikou Span), currently within the green box zone, is at risk of breaking below the candlesticks. Unless a strong rebound occurs this week, the Lagging Span may pierce through the candles, leading to additional resistance and increasing the likelihood of Gold breaking below 2596.7.
If 2596.7 is breached, the next support level is 2541.5.
While the lower limit of the bearish frame remains uncertain, the orange box zone represents the next key area to monitor. Depending on the strength of the selling pressure, Gold could potentially test the upper boundary of the orange box.
Short-Term Rebound Levels
Where can we expect a short-term rebound?
The key level to watch is the 2656.2 breakout.
After a strong bearish candlestick appeared, Gold established a short-term frame between 2656.2 and 2596.7 on the 1-hour chart. While some rebound attempts followed, Gold has failed to break above the previous high from before the bearish candle appeared. As a result, it remains outside the orange box frame.
A breakout above 2656.2 would signify entry into the lower part of the orange box frame, potentially leading to a temporary rebound.
For a complete trend reversal, Gold must break above the green box zone, which represents the long-term downtrend line.
Conclusion
Gold has shown consistent upward trends over the years, but no market can sustain perpetual growth without facing corrections. The current technical indicators suggest a strong possibility of a downward adjustment in the short term. While a temporary rebound could occur above the 2656.2 level, a failure to maintain key support at 2596.7 may lead to further declines toward 2541.5 or even the lower bounds of the orange zone.
As always, markets move in cycles. It is important to adapt to changing dynamics and remain prepared for both bullish and bearish scenarios. Patience and discipline are key—profitable opportunities always arise for those who wait for the right moment.
If this analysis has been helpful, please like, follow, and share your thoughts in the comments!
#202451 - priceactiontds - year end special - gold futuresGood Evening and I hope you are well.
comment: I know it’s an ugly chart, bear with me.
Gold spent 2020 - 2024 inside a 570 point range and started the recent bull trend with the breakout in 2024-03. Since then Gold has made 30%, which is more than unusual to say the least. From 2018 to 2020 it made 50% but only because it lost 36% from 2011 to 2018.
Market is much less obvious on higher time frames than I’d like. Both sides have reasonable arguments going for them. For bulls it’s that the bull trend is ongoing while bears could see the leg down from 2826 down to 2566 as the first in the new bear trend. Bulls would like a third leg up which could lead to 3000. Both are valid and that is why it’s most likely that the market will move sideways rather than trend big time to either direction. My favorite path forward would be a trend down to 2300 and then sideways inside a big range 2300 - 2600.
current market cycle: Bull trend is ongoing until bears can close consecutive weekly bars below the 20ema, which is at 2640 right now. Could the new bear trend have started with W1 from 2826 down to 2566? Yes. Both can be valid at the same time.
key levels for 2025: 2500 - 3000 (if 2500 breaks, 2300 would be the next big target below)
bull case: Bulls want a W5 up to 3000. Easy as pie is that read and seeing it on the chart. Hard part, as always, is giving probabilities to it and as of now, I won’t make any. The market is in balance around 2650 and I would need prices above 2760 or below 2560 to have a stronger opinion about it. That’s short but all I have to write about it for now. Can’t make stuff up where there is none.
Invalidation is below 2500.
bear case: Bears see the move down from the ath as a W1 of the new bear trend which could lead down to my biggest bear goal for 2025 at 2200ish. Here are the big bear targets in order. First is the 50% retracement of the recent bull trend at 2500. It’s also the breakout price from the W1 high and the old ath from 2011-08. Second bigger target would be 2300 which is a measured move down from the bearish W1 from the ath, the 2023-05 high (breakout-retest) and it would close the big bull gap the market left behind. Third and final target, which is the most unreasonable one for now, is 2200 which is the 50% retracement from the whole bull trend since 2018.
Invalidation is above 3050.
short term: Neutral. Lower highs and higher lows. Market is in a triangle again and in balance around 2650.
medium-long term: Will only give one above 2760 or below 2560.
current swing trade: None
A sad week for GOLD, a happy week to tradeBehold gold, approaching the lowest support from gold's current range, we are eyeing to long a quick 16 win to loss ratio of this asset. This bounce is expected to occur within a matter of hours hoping to take profit at the target or just trail the stop loss while moving up.
We are currently on a great support to bounce off off but I believe the lowest for the week is not yet printed.
If we go up from here, i will be looking for a short setup
But for now, I will be waiting for this level.
2024-12-19 - priceactiontds - daily update - goldGood Evening and I hope you are well.
tl;dr
gold - Bearish. I doubt we can close the week below 2560 but we now have a giant bear gap between 2615 - 2652. No interested in selling this tomorrow but if we close the week below 2600, the bull trend is gone for good.
comment : No matter what you think China is doing with Gold, this market is going down. We are 200 points below the ath and the bull trend is most likely over. If we close this week below 2630, it would be the second close below the weekly 20ema since January.
current market cycle: trading range
key levels: 2590 - 2640
bull case : Bulls are in pain. Every rip is sold hard and we have a clear bear channel. Hard to come up with arguments for the bulls right now. Best they can hope for is to stay above 2600 but this market is as weak as it gets since last week.
Invalidation is below 2595.
bear case: 2566 is their main target and I am not confident they can get it tomorrow. I expect more chop near 2600 over the next 2 weeks but for Q1 I have wet dreams about 2400. If you want to trade this, look for shorts near the 3h or 4h 20ema and longs only if 2600 continues to be bigger support.
Invalidation is above 2642.
short term: Neutral. I don’t expect this to go into the weekend far from 2600 but for next 2 weeks I have 2 measured move targets below 2570.
medium-long term - Update from 2024-12-19: No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. Likely close around 2600.
current swing trade: None
trade of the day: selling near the 4h 20ema or bear trend line.
All that glitters???There are two battles over Gold at the moment,
1. The BRIB Nations supporting Gold with physical purchases with a view to creating their gold backed currency as an alternative to the US Dollar.
2. The incoming Trump administration are agressively countering this move by supporting digital alternatives backed by blockchain infrastructure,backed by the SWIFT system,the weaponised petrodollar and the global bond markets.Control is the name of the game,
Technically Gold is still holding within a wide 4 hour channel but resistance is now stacking overhead as per the attached chart.
Gold Futures Breakdown: Bearish Momentum ConfirmedGold Futures on the 30-minute chart have confirmed a strong bearish trend after breaking below key support levels. The price failed to hold near the Zone Identifier levels (2,655.9) and experienced a sharp decline following two consecutive sell signals. The breakdown below the moving average further strengthens the bearish outlook. Traders could look for short opportunities on pullbacks, targeting the next support zone near 2,600 while managing risk with stops above 2,660. This setup highlights significant selling momentum and a potential continuation of the downtrend.
Gold - The Next Bitcoin?The markets are beyond stretched—they’re squeezed all the way to the moon.
Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips.
Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like crash could unfold—you’ll see we’re staring at the perfect recipe for a stock market KABOOM.
So, where will traders, investors, and even grandmas rush to when this unwinds? My bet: Gold. Where else? This is when the Gold Rocket ignites, replacing Bitcoin and the MAG7, creating yet another bubble—a glittering tulip 5.0. And just like before, it’ll burst when the fuel runs out.
Buckle up! 🚀
Head and Shoulder Pattern indicates Gold fall 2600$ Short entry between 2650-2670
Profit Taking zones are 2630-2600-2575
Max risk 5% of equity with averaging strategy in zone of 2650-2670
Bearish Head and Shoulder Pattern indicates more deep fall in Gold towards $2630-$2600-$2575
My chart analysis on gold futures contract
Neck Line is retesting again and again which will be attraction for buyers but be cautious.
Head and Shoulders Top (Bearish Reversal)
This pattern occurs after an uptrend and signals that the price is likely to reverse and head downward. It consists of three main peaks:
Structure
Left Shoulder:
The price rises to a peak and then declines.
Head:
The price rises again to a higher peak (the "head") and then declines.
Right Shoulder:
The price rises to a lower peak, roughly equal to the Left Shoulder, and then falls back down.
Neckline:
The line connecting the lows between the shoulders and the head. It acts as support.
A break below the neckline confirms the pattern.
Steps to Identify
Uptrend before the formation.
Three peaks: Left Shoulder, Head, and Right Shoulder.
The neckline acts as the key support level.
When the price breaks the neckline downward, it signals a bearish reversal.
How Traders Use It
Once the neckline is broken, traders expect the price to fall further.
The expected drop is calculated as:
Distance from the Head to the Neckline = Expected move downward.
Gold Positioned for Further Gains Amidst Economic UncertaintyRecent Performance: Gold has seen substantial fluctuations in recent months,
reaching record highs while also facing notable resistances. With a year-to-
date appreciation exceeding 30%, gold has outperformed other major asset
classes, benefitting from a flight to safety as inflation rates continue to
rise and geopolitical tensions create uncertainty.
- Key Insights: Investors should maintain a close watch on gold as it reveals
robust demand against a backdrop of inflation and currency devaluation. The
support levels between 2400 and 2500 provide a buffer against potential
downturns, while the bullish sentiment surrounding central bank activity
underlines gold's status as a critical component of investment strategies.
- Expert Analysis: Market sentiment remains cautiously optimistic, with analysts
divided. Bullish views on gold stand strong, yet some concern exists
regarding possible bearish trends in silver. Experts from firms such as
Goldman Sachs warn of high price multiples in the equity markets, cautioning
investors of a potential downturn while underscoring gold's attractiveness
amid economic fluctuations and interest rate discussions.
- Price Targets: Based on professional trading insights, the following targets
and stop levels are set for the coming week:
- Next week targets: T1 is 2750, T2 is 2835
- Stop levels: S1 is 2600, S2 is 2550
- News Impact: Recent inflation trends have introduced short-term volatility in
gold prices, yet central bank strategies continue to support a bullish
outlook for gold in the long term. The anticipation of interest rate cuts
will be pivotal, increasing gold's allure in investment portfolios,
particularly as it maintains strength against currency fluctuations and
challenges in other asset classes.
