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12/27 GOLD AnalysisHere are some important levels that I am watching: 2584 - 2608 - 2622 - 2633 - 2652 - 2664. Todays gameplan OANDA:XAUUSD If the gold price holds above 2634, I would consider a BUY. Set the Stop Loss at 2626 and aim for the First Take Profit target at 2642, with the Second Take Profit target at 2652. If the gold price cannot hold above 2634, I would consider a SELL. Set the Stop Loss at 2638 and aim for the First Take Profit target at 2621, with the Second Take Profit target at 2608. TIPS: It is always wise to trim some positions and protect your portfolio if you see a $1 movement in the GOLD Price. Never let the GREEN profits turn RED!
OANDA:XAUUSD
by Ombabibi
XAUUSD1.Elliott Wave Pattern: The chart appears to follow an Elliott Wave structure, with waves labeled as a, b, and c in pink, likely indicating a corrective wave sequence. Additional waves labeled (W) and (X) in green suggest a complex correction or continuation pattern. 2.Trend Channels: Two prominent trend channels are marked: A descending green channel that encompasses a broader bearish trend. A smaller blue channel, showing a temporary upward correction or consolidation within the larger trend. 3.Possible Scenarios: The yellow markings inside the blue channel might indicate smaller corrective movements. After the completion of the blue channel's correction, the price could break downward, as indicated by the projected green wave (X) path leading to lower levels. 4.Current Price: The gold price is around 2,626.93 USD at the time of the chart, with potential resistance near 2,640 USD (upper boundary of the blue channel) and support around 2,580 USD (projected lower levels). 1. Buy Opportunity: Reasons to Consider Buying: If the price breaks above the upper blue channel, it could signal a bullish breakout, indicating further upward momentum. The support levels, such as around 2,620 USD or the lower green trendline, could act as strong areas to initiate a buy if the price holds there. If indicators like RSI (Relative Strength Index) or other oscillators show an oversold condition, it might suggest a reversal to the upside. Key Buy Levels: Near 2,620 USD, provided support holds. Above the upper blue channel, signaling potential upward continuation. 2. Sell Opportunity: Reasons to Consider Selling: The price is currently within a corrective (blue) channel. If it breaks below the lower blue channel line, it could signal a bearish continuation. The green wave pattern labeled as (X) suggests the possibility of a deeper pullback to levels like 2,580 USD or lower. If the resistance near 2,640 USD holds and the price fails to break above it, it could lead to further downside. Key Sell Levels: Below the lower blue channel, confirming a breakdown. Near the resistance at 2,640 USD, if the price fails to break higher and starts reversing downward. 3. Additional Analysis: Using Elliott Wave Theory: The current corrective wave structure ((W)-(X)-(X)) indicates that further downside is possible before a major reversal upward. If the correction completes near 2,580 USD, this could be an ideal long-term Buy opportunity. Indicators to Watch: Look for confirmation signals, such as trendline breaks, RSI reversals, or moving averages crossing to confirm the trend direction. Recommendations: Short-Term (Intraday): Consider selling if the price breaks below the lower blue channel. Long-Term: Consider buying if the price holds support at 2,580 USD or breaks above 2,640 USD.
FX:XAUUSDLong
by professionalgoldtrader
Gold could close the year in an optimistic toneBefore Christmas, OANDA:XAUUSD established strong support around the 2610 level, maintaining this position even during the low-volume trading days typical of the holiday season. Currently, the price is edging higher, approaching the key resistance zone of 2645–2650. A decisive breakout above this zone could lead to further gains, potentially allowing gold to close the year on a positive and optimistic note, possibly reaching or exceeding the 2700 level. However, a break below the 2610 support would indicate a bearish shift for gold in the near term.
OANDA:XAUUSDLong
by Mihai_Iacob
12.27 Asian Handicap continues to see a declineGold surged and fell in the US market last night. Gold continued to be short at 2635. Gold fluctuated at a high level in the second half of the night, and the lowest level fell to 2627. Gold did not fluctuate much, but there was no strong breakthrough at the high level. Gold bulls lacked confidence and continued to be short and fall. Gold broke through the previous high of 2633 in 1 hour, but gold did not stand firm. It surged and fell again and broke the previous high of 2633. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured to buy more. At least the market is not a unilaterally strong market. Gold continued to hold the short position of 2635 in the US market last night. Asian trading operation ideas: Gold 2635 short, stop loss 2645, target 2615-2610
TVC:GOLDShort
by AIan_Gold
1
NQ Power Range Report with FIB Ext - 12/27/2024 SessionCME_MINI:NQH2025 - PR High: 22006.75 - PR Low: 21974.75 - NZ Spread: 71.5 No key scheduled economic events Maintaining previous session range with little change - Daily print advertising potential pivot high off ~22113 Session Open Stats (As of 12:35 AM 12/27) - Weekend Gap: +0.07% (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 346.51 - Volume: 14K - Open Int: 243K - Trend Grade: Bull - From BA ATH: -2.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22667 - Mid: 21525 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQH2025Short
by mv3trader5
Gold Analysis and SignalsGold closed above 2630. The daily line continued to rise and re-stood on the MA10 daily average of 2625. The hourly and four-hour moving averages opened upward, and the price ran along the middle and upper tracks of the Bollinger Bands. The idea of ​​gold remains unchanged, and we continue to see fluctuations, sell high and buy low! Gold fell after rising in the US market yesterday, with very small fluctuations, but there was no strong breakthrough at high levels. On the surface, it broke through the previous high of 2633 in 1 hour, but gold did not stand firm, and it fell back at any time and fell below the previous high of 2633 again. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured, at least the market is not a unilaterally strong market! First support: 2627, second support: 2621, third support: 2610 First resistance: 2641, second resistance: 2652, third resistance: 2666 Trading strategy: BUY: 2621-2623 SELL2641-2643
OANDA:XAUUSD
by Jun-GoldAnalyst
How does gold price change on weekends? What should you note?Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices. At one point, gold prices fell to a low of $2,583. Currently, gold is trading around $2,627, stabilizing over the week. It is clear that the hawkish signal from the Federal Reserve (Fed) last week, indicating that they will slow the pace of rate cuts in 2025, supported the US Dollar (USD) to remain near its two-year high and acted as a drag on the non-yielding gold metal. Additionally, a positive risk trend contributed to limiting the gains of this precious metal. However, geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war, continue to provide some support for gold as a safe-haven asset. Furthermore, a modest pullback in US Treasury yields has supported a mild buying tone amid thin trading volumes during Christmas Eve. Therefore, it would be wise to wait for some follow-through buying before positioning for any further recovery from last week’s one-month low. The projected price increase is expected to reach $2,650. What do you think about this? Sincerely, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
Gold remains hopeful for a future rallyGold prices decreased slightly after the Christmas holiday, fluctuating around $2,633 on Friday. However, the precious metal may still receive positive support from expectations regarding signals related to the U.S. economy under the upcoming Trump administration and the Federal Reserve's interest rate outlook for 2025. Additionally, the appeal of gold as a safe haven is further strengthened by rising geopolitical risks, especially the ongoing conflict between Russia and Ukraine, along with escalating tensions in the Middle East, leading many to anticipate a potential recovery in gold's value. Based on technical analysis, gold may experience a dip toward the support level of $2,623 to gather momentum before a potential upward move. It is forecasted that gold could break through the $2,629 support level and advance toward the $2,636 resistance zone. Traders should closely monitor key support and resistance levels such as $2,623 and $2,636. If gold tests the $2,623 support level and shows signs of recovery, this could be an opportunity to open a buy position. On the other hand, if gold prices continue to drop further, traders may need to reassess their strategies.
OANDA:XAUUSD
by Alisa_Rokosz
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OANDA:XAUUSD
by DaniPutra21
#GOLD XAUUSD yesterday whoo ever followed Gold extended its rally yesterday, breaking through the 2630 level and reaching near 2640 before pulling back to retest the breakout zone. Currently, gold appears to be trading within an uptrend channel, with potential to target the 50% Fibonacci retracement level of the previous decline, around 2655. During the Asian session, consider buying gold near the 2628-2630 zone. For selling, it's advisable to wait for a confirmed market decline to ensure a safer entry.
OANDA:XAUUSDLong
by TradeAdvisory
XAUUSD H4 I Bearish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2635.83, which is an overlap resistance aligning with a 38.2% FIbo retracement. Our take profit will be at 2596.65, a pullback support level. The stop loss will be placed at 2675.74, a pullback resistance close to the 61.8% Fibo retracement. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
Nasdaq Analysis - Dec 27, 2024Hello, this is Greedy All-Day. Today's analysis focuses on Nasdaq. Before starting today's briefing, let me share the results from the previous analysis. For the buy perspective, the entry price was not reached, so there were no positions to report. On the other hand, for the sell perspective, the break of the upward trendline occurred at the start of the European session. After the breakout, the market transitioned into a downward momentum, resulting in a decline of approximately $140. For a single contract, this equated to a profit of $2,800. Now, let's start with the sell perspective. Currently, we are observing a break below the extended upward trendline. While a short-term correction could occur, I do not strongly recommend entering at this time. For today's sell recommendation, I suggest entering below the green box at 21,816. This corresponds to the left-side supply zone, with a maximum target of the red box at 21,543. Next, let's look at the buy perspective. The first entry point would be a breakout above the resistance trendline, which is currently around 22,060. For the second entry, it would be at the top of the frame around 22,111. Regarding targets: For Target 1, the entry of the first position will aim for the second entry level as the goal. Beyond that, the next resistance levels are 22,210 and 22,296. Conclusion Thank you for your hard work this week. Wrap things up well, and let’s prepare for next week!
CME_MINI:NQH2025
by Greedy_allday