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GOLD ROUTE MAP UPDATEHey Everyone, Another great day the charts with our chart idea playing out in usual fashion. After completing our bearish target on our last update, we stated that price was heading towards 2629 to complete the Bullish target that was left short by a few pips previously. - 2629 bullish target was hit perfectly followed with ema5 cross and lock opening 2655. This target is now also complete, which gave plenty of time from confirmation to getting hit . We will now wait for a cross and lock above 2655 for further continuation or failure to lock above will see price reject and find support at the lower Goldlturns for a reaction. 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. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2629 - DONE EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET 2655 - DONE EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 BEARISH TARGETS 2600 - DONE EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET 2561 EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE SWING RANGE 2519 - 2486 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Its NYE today and the markets closed tomorrow. Looking forward to another smashing year. Wishing you all a blessed year ahead!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
HelenP. I Gold will reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from the trend line and dropped to the resistance zone, which coincided with the resistance level. Then price some time traded near this level and then tried to grow, but failed and continued to decline, breaking the 2640 level. Then it fell to the support level, and even a little below, after which some time traded and then broke the 2600 level and started to grow. Firstly Gold rose almost to resistance level, but then made small corrections and then continued to move up. Some time later price rose to the resistance zone and tried to rise to the resistance level, but failed and when it touched the trend line, the price dropped to the support level. After this movement, Gold rebounded and in a short time rose to the trend line and even broke it. At the moment, I expect that XAUUSD will rise to the resistance level and then start to decline to the support level, breaking the trend line again. For this case, I set my goal at 2600 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
4
Bearish reversal?WTI oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support level which has been identified as a pullback support. Pivot: 72.98 1st Support: 71.53 1st Resistance: 75.24 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.
ICMARKETS:XTIUSDShort
by ICmarkets
1
GOLD - Price can little correct and then continue grow in wedgeHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from $2720 resistance level and tried to grow, but failed and started to decline inside wedge. In wedge, price broke $2720 level and dropped to support line of wedge, breaking $2595 level as well. After this, price made upward impulse to $2720 level, breaking $2595 support level again and then made correction. Gold rose to resistance level again and then corrected to support level, where some time traded near. Recently, price started to grow from support line of wedge and I think it can make correction movement. Then Gold can turn around and continue to move up to $2690 resistance line of wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
SPY/QQQ Plan Your Trade For 1-2-25 : Inside Pause PatternToday's pattern suggests the markets will stall a bit after the overnight reversion move. If you were following my research, you already knew I was expecting the markets to rally a bit over the past 3-5 trading days. But that didn't happen as the low liquidity end of year trading prompted another downside price event. In my opinion, this was all due to a lack of market liquidity. When there is very low liquidity, the MMs can move price more easily as the number of buyers and sellers drops (creating a wider price spread). It is also the type of market environment where FLASH CRASH types of events can take place. Now that we are into early 2025, liquidity will deepen (more active traders) and this will result in a possible reversion event (upward) in price leading to the Inauguration event (IMO). Just like I've been suggesting over the past 2-3+ weeks. Gold and Silver are recovering nicely. I believe Gold and Silver will move back towards their recent highs over the next 30+ days. Bitcoin is still struggling just below $100k, but I believe the ultimate move for Bitcoin will be a retracement to the downside before finding support near $72k and then starting a bigger rally above $120k. In 2025, I've made a commitment to do more to help more traders. I'm working on new TIMING tools to assist in developing better analysis for everyone. If this research/work plays out well, I'll try to make these new tools available to everyone. Remember, trading is all about managing capital, expectations, and risks. If you are still struggling with your trading - follow my research and learn how to time/execute better trades. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
2
The Golden Journey: Historic Milestones and a Glimpse into 2025Gold Price Analysis: A Historical Overview and Future Outlook Gold has always played a crucial role as a safe-haven asset during periods of economic uncertainty. Over the years, its price movements have been shaped by various global events. Let’s take a step-by-step look at the key historical moments and their implications for the future. [ b]Historical Highlights:- March 2008: Financial Crisis Escalation Gold prices surpassed $1,000 per ounce for the first time, driven by the Global Financial Crisis. Key Factors: - The collapse of Bear Stearns fueled fears of systemic financial instability. - Aggressive Federal Reserve rate cuts weakened the U.S. dollar, increasing gold’s appeal. Impact: Gold surged as a safe-haven asset during one of the most critical financial crises of the modern era. October 2008: Global Financial Crisis Peak Gold prices dropped to $681 per ounce initially due to forced liquidation but rebounded later, stabilizing around $730-$800 per ounce. Key Factors: - Forced selling to meet margin calls during the crisis. - Central banks introduced aggressive interventions, including interest rate cuts, to stabilize the economy. Impact: Despite short-term declines, gold regained its safe-haven status as market uncertainty persisted. Profits and Losses of New York Stock Exchange Broker-Dealers 2000 to 2008: Cost of the 2008 Financial Crisis : August 2011: All-Time High Amid Global Economic Uncertainty Gold reached a record high of $1,917 per ounce amid the U.S and Eurozone debt crisis and concerns about the U.S. economy. Key Factors: - Investors were concerned about the U.S. economy after the S&P downgrade of U.S. credit from AAA to AA+ earlier in August. - The 2011 U.S. Debt Ceiling Crisis was one of a series of recurrent debates over increasing the total size of the U.S. national debt. - Safe-haven demand surged as central banks maintained low interest rates. Impact: This period underscored gold's reliability during global economic turmoil. November 2015: Multi-Year Low Gold prices dropped to $1,050 per ounce, the lowest since 2010. Key Factors: - Expectations of a Federal Reserve rate hike reduced gold’s appeal. - Low inflation diminished its role as a hedge. Impact: The decline highlighted gold’s sensitivity to monetary policy and inflation expectations. August 2020: Record High During COVID-19 Gold hit an all-time high of $2,075 per ounce, driven by the global economic fallout from the COVID-19 pandemic. Key Factors: - Massive monetary and fiscal stimulus from central banks and governments. - Weak U.S. dollar and negative bond yields boosted demand. Impact: Gold cemented its status as a hedge against both inflation and economic uncertainty. September 2022: Aggressive Rate Hikes Gold dropped to around $1,615 per ounce as the U.S. Federal Reserve aggressively raised interest rates to combat inflation. Key Factors: - Rising bond yields and a strong U.S. dollar reduced gold’s appeal. - Geopolitical Uncertainty. mpact: This period reflected the inverse relationship between gold and rising interest rates. October 2024: Record Peak Gold surged to a new all-time high of $2,790 per ounce due to heightened geopolitical tensions and monetary policy shifts. Key Factors: - Ongoing conflicts in the Middle East and Eastern Europe. - Central banks’ easing policies and inflation fears supported the rally. Impact: This continued gold’s bullish momentum, driven by its safe-haven demand. Future Outlook for Gold in 2025 Key Expectations: 1. Bullish Momentum to Continue: - Gold is likely to remain on an upward trajectory, potentially breaking the $3,000 per ounce barrier. - Geopolitical uncertainty and inflation concerns will continue to drive demand. 2. Consolidation and Corrections: - Gold may face short-term corrections, with support levels at $2,600-$2,500, before resuming its bullish trend. 3. Critical Drivers: - Geopolitical Tensions: Persistent global conflicts will boost gold’s safe-haven appeal. - Monetary Policy: Central bank decisions, especially from the Federal Reserve, will influence gold prices. A pause or reversal in rate hikes will support bullish momentum. - Inflation Hedge: Rising inflation expectations will sustain demand for gold as a store of value. Key Levels to Watch: - Resistance Levels: $2,800, $3,000, and beyond. - Support Levels: $2,600, $2,500, and $2,300. Summary: Gold has consistently demonstrated its value as a safe-haven asset during periods of economic and geopolitical uncertainty. With its recent surge in October 2024 and the ongoing macroeconomic conditions, the outlook for 2025 suggests further bullish potential. However, investors should be prepared for short-term corrections before the continuation of its long-term upward trend. Gold's remarkable performance over various timeframes highlights its strength: - In 2024 alone, gold rose by 27.25%, marking a stellar annual performance. - Over the past 5 years, gold has gained an impressive 79.25%, showcasing sustained upward momentum. - Over the past 10 years, gold has soared by 121.00%, reflecting its resilience and importance as a long-term asset. Disclaimer: The insights and expectations shared in this analysis are based on my personal experience and deep understanding of the market. While these projections are grounded in my expertise, it is important to exercise caution and perform your own research before making any investment decisions. Remember, the market carries inherent risks, and past performance does not guarantee future results.
TVC:GOLDLong
by SroshMayi
5
WTI OIL Break-out or rejection strategy.WTI Oil (USOIL) gave us an excellent buy signal last time (December 27, see chart below) that produced a Bullish Leg straight to our $72.80 Target: The price is right now above Resistance 2 and almost at the top (Higher Highs trend-line) of the Channel Up. Having completed a +6.65% rise (which was the previous Bullish Leg), it is now highly likely to start seeing a reversal to a Bearish Leg. Especially since the 1D RSI is testing the October 07 2024 High. As long the price gets rejected below the top of the Channel Up, we will be bearish, targeting $70.50 (above the 0.618 Fib and the 1D MA50). If the price breaks and closes a 1D candle above the Channel Up, we will take the small loss and switch to a buy, targeting the 1D MA200 (orange trend-line) at $75.15. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
2
Gold Price Eyes 2653 Before Expected DeclineGold Technical Analysis The price is approaching the resistance level at 2,653. A 4-hour candle closing above this level will confirm further bullish momentum, potentially pushing the price toward 2,665. Alternatively, if the price stabilizes below 2,653, it is expected to decline to 2,636. A 1-hour candle closing below 2,636 will strengthen a bearish trend, targeting 2,623. Key Levels: Pivot Point: 2640 Resistance Levels: 2653, 2665, 2678 Support Levels: 2636, 2623, 2603 Trend Outlook: Bullish Trend: Above 2,653 Bearish Trend: Below 2,636
OANDA:XAUUSDShort
by SroshMayi
Could the Gold drop from here?The price is reacting off the pivot which has been identified as an overlap resistance and could drop to the pullback support level. Pivot: 2,636.83 1st Support: 2,608.00 1st Resistance: 2,657.44 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.
ICMARKETS:XAUUSDShort
by ICmarkets
Gold H4 | Potential bearish reversalGold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,636.57 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 2,670.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance. Take profit is at 2,585.26 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
Gold Roadmap==>Short-term!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,670-$2,653) and near 50_SMA(Daily) and Potential Reversal Zone(PRZ) . According to the theory of Elliot waves , it seems that Gold has finished the main wave 3 , and we should wait for the main wave 4 and correction . I expect Gold to rise again after touching the Uptrend lines or after approaching the Support zone($2,639-$2,631) . ⚠️Note: First, Short position, then Long position. ⚠️Note: If Gold breaks the Support zone($2,639-$2,631), we should expect Gold to fall further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1
Gold Trend Analysis and Free SignalsDon't chase the rebound high easily now. Continue to short the Asian session rebound. The 4-hour moving average of gold is still in a downward dead cross. The resistance of the gold moving average has now moved down to around 2645. As long as gold does not break through the upper resistance of the shock, it will continue to be short. Gold has been under pressure near 2640 and has fallen back many times. If there is no strong breakthrough above 2640, gold may still be blocked and fall back. First support: 2620, second support: 2613, third support: 2605 First resistance: 2638, second resistance: 2645, third resistance: 2653 Trading strategy: BUY: 2619-2617 SELL: 2638-2640
OANDA:XAUUSDShort
by Jun-GoldAnalyst
Silver - Another Textbook Trade For 2025!Silver ( TVC:SILVER ) is again approaching strong support: Click chart above to see the detailed analysis👆🏻 Silver has now been consolidating for more than 6 months and is slowly but steadily approaching the previous horizontal support. Another retest would perfectly match with the overall bullish trend, the rising channel formation, as well as the fact that Silver will soon catch up with Gold. Levels to watch: $27.0, $34.0 Keep your long term vision, Philip (BasicTrading)
TVC:SILVERLong
by basictradingtv
3
WTI Oil D1 | Potential bearish reversalWTI oil (USOIL) is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 72.17 which is a swing-high resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 73.60 which is a level that sits above a pullback resistance. Take profit is at 69.21 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
GOLD WANNA FALLING ONCE AGAINAs i published an idea that gold will fall, and gold fall my entry was at 2637, stop loss was 2651 and target was 2585, but that setup gave us 450 pips. Now I'm back with another idea, my idea is gold will fall when it touches the price 2632.80 Lets see what will happen. Gold moving crazy since last week its moving up and down. ENTRY POINT : 2632.80 at the area of OB H1. STOP LOSS : 2641.40 and Target is 2611.50 PLEASE USE STOP LOSS AND TP ON YOUR EVERY TRADE. DONT FORGET TO SHARE YOUR IDEAS ON THIS POST, PLEASE SHARE YOUR IDEAS. STAY TUNE FOR EVERY UPDATE. GOOD LUCK EVERYBODY.
FOREXCOM:XAUUSDShort
by Zayn_Muaath
Heading into 61.8% Fibonacci resistance?The Silver (XAG/USD) is rising towards the pivot which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 29.52 1st Support: 28.81 1st Resistance: 29.81 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.
ICMARKETS:XAGUSDShort
by ICmarkets
GOLD maintains a narrow recovery rangeOANDA:XAUUSD Spot delivery maintains a recovery trend and narrow range during the day. As of the time of writing, gold price is currently trading at about 2,633 USD/ounce. On this trading day, investors will pay attention to many important data such as the number of initial jobless claims in the United States, PMI and the housing market, which are expected to stimulate activate market conditions and create market volatility. Today (Thursday), seasonally adjusted initial unemployment claims in the United States for the week of December 28 will be released, expected to be 224,000, compared to 219,000 the previous week. If the latest initial unemployment claims are lower than expected, this will have a positive impact on the US Dollar and affect the price of gold and major non-US currencies. On the same day, the final value of the US Markit Manufacturing Purchasing Managers' Index (PMI) for December will be announced, expected to be 48.3. US construction spending in November will be released, with the monthly rate expected to increase 0.3%. On the daily chart it's OANDA:XAUUSD is still trading in a very narrow operating range, with temporary short-term rallies still limited by pressure from the EMA21 and the 0.618% Fibonacci retracement level. Note to readers in digital publications out first. Temporarily, gold's trend is quite neutral with the possibility of accumulation depicted by the purple triangle. However, based on the current position, gold has more conditions to decrease in price with the Relative Strength Index (RSI) still below level 50, level 50 is considered resistance or support for RSI depending on conditions. RSI's lawsuit. On the other hand, gold could open a new bearish cycle once it is sold below the 0.786% Fibonacci level and the subsequent target of $2,538 in the short term. Even if gold recovers above EMA21, it is still unable to create a concrete uptrend, with pressure from the upper edge of the purple price triangle. Using the POC Volume Profile we will also see that the area around 2,634 – 2,640USD is an area where a lot of trading occurs, this should be considered a pressure area given gold's current position. During the day, gold's trend is neutral with technical conditions tilted to the downside and notable levels are listed below. Support: 2,604 – 2,600USD Resistance: 2,640USD SELL XAUUSD PRICE 2651 - 2649⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2644 ↨ →Take Profit 2 2639 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2606 ↨ →Take Profit 2 2611
OANDA:XAUUSD
by Xayah_trading
Can One Bean's Rally Reshape Global Markets?The extraordinary trajectory of cocoa in 2024 has rewritten the commodities playbook, outperforming traditional powerhouses like oil and metals with a staggering 175% price surge. This unprecedented rally, culminating in record prices of nearly $13,000 per metric ton, reveals more than just market volatility—it exposes the delicate balance between global supply chains and environmental factors. West Africa's cocoa belt lies at the heart of this transformation, where Ivory Coast and Ghana face a complex web of challenges. The convergence of adverse weather conditions, particularly the harsh Harmattan winds from the Sahara and widespread bean disease, and the encroachment of illegal gold mining operations, has created a perfect storm that threatens global chocolate production. This situation presents a compelling case study of how localized agricultural challenges can cascade into global market disruptions. The ripple effects extend beyond just chocolate manufacturers and commodities traders. This market upheaval coincides with similar pressures in other soft commodities, notably coffee, which saw prices reach forty-year highs. These parallel developments suggest a broader pattern of vulnerability in agricultural commodities that could reshape our understanding of market dynamics and risk assessment in commodity trading. As we look toward 2025, the cocoa market stands as a harbinger of how climate volatility and regional production challenges might increasingly influence global commodity markets, forcing investors and industry players to adapt to a new normal in agricultural commodity trading.
ICEUS:CC1!Long
by UDIS_View