Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold.
Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold.
In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back!
Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Goldsell
The only chance to short gold!As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area.
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD IS SHOWING SIGNS OF POTENTIALXAU/USD is showing signs of a potential bullish reversal, presenting a favorable long opportunity for traders. The price is currently near a strong support zone, often associated with increased buying pressure. Coupled with technical indicators hinting at upward momentum and a weaker dollar environment, this could pave the way for a significant price increase. However, patience is key—await confirmation of a breakout or a clear bullish trend before entering a position to maximize risk-to-reward potential.
12.11 Gold Breakthrough? Exploring the bottom?Gold broke through the range yesterday and rose sharply, with a medium-sized positive line on the daily line.
This is mainly because it did not retreat to the key resistance level of 2688-9, which was the previous decline.
In addition, it also formed another force at 7-8 o'clock in the morning, and went through a cycle.
In terms of technical points, today's technical points are basically the same.
1. The previous day was strong, and the second day's morning 7-8 o'clock saw an increase.
2. The morning rose, forming a low point watershed. Today is 2693.
3. The European session broke the previous day's high, so the US session must be long twice, and the correction at 6-8 o'clock requires one more time in the US session.
4. There was no cyclical decline after 10 o'clock in the US session yesterday, and the resistance level of 2689 was blocked, but there was no decline.
5. The rise continued to break the high in the early morning, and it is destined to have more cycles in the morning today.
And the morning continued to rise, breaking the 2700 line. How to look at it today?
From the 4-hour perspective, the market has been rising with broken Yang all the way. There are two trends for this pattern:
1. Continue to accelerate the rise at the current position. The upper resistance is 2722-24, the previous high point.
2. This kind of broken Yang has a relatively fast bottoming out and rebound during the day, and then continues to be strong.
Because after the morning market, the long position is very stuck, it depends on how to understand it:
From the perspective of the pattern, it is unnecessary to short, either continue to wait, continue to rise during the day, and continue to be long in the US market.
Or wait for more intraday retracements, but this kind of retracement now, if it returns to the starting point in the morning, it is not meaningful, and it can only break the position and rise.
Therefore, we are more inclined to the latter, and the European market will quickly bottom out and rebound during the day.
In other words, there is no need to chase the longs, wait for more intraday retracements, or wait and see the US market.
Although the watershed in the morning is at 2693, according to the continued rise in the early morning, the watershed is at 2684-5, which is the focus of today's attention.
In view of the intraday retracement, especially the retracement after breaking the watershed, we are considering more, and we will see the bottom rise.
Or it is extremely strong, and it will continue to pull up directly, and we will see the show during the day, and we will see more highs and falls in the US market. The key resistance above is 2722-4.
Short-term support is 2684-5. Other positions are not considered for the time being, just pay attention to the intraday prompts.
12.11 Gold breaks resistance level, 2700 is comingTechnical analysis: key support and resistance levels
From a technical perspective, spot gold has successfully broken through and closed above the key resistance level of $2,650, and this breakthrough has provided new momentum for bulls. The oscillator indicators on the daily chart show positive upward momentum, suggesting that gold prices may continue to challenge the $2,700 mark and further touch the supply range of $2,720-2,722.
But at the same time, attention should be paid to the role of support levels. As a previous resistance level, $2,650 has now been transformed into an important short-term support. If it falls below this level, gold prices may further pull back to the $2,625-2,620 area, or even test the $2,600 integer mark. If it breaks below $2,600, it may open up more downside space, targeting the November low of $2,537-2,536.
Intraday analysis: upward momentum may continue
Overall, the upward momentum of spot gold remains solid. Under the combined effect of safe-haven demand, weak US dollar and geopolitical risks, gold prices are expected to continue to rise in the short term. However, before the Fed meeting and the release of the US Consumer Price Index (CPI) data, the market may be volatile. If the CPI data shows that inflationary pressures are easing, it may provide conditions for gold bulls to further exert their strength.
In the medium and long term, the gold market is still strongly supported by fundamentals. Investors should pay close attention to the latest developments in the Fed's policy direction and the geopolitical situation, which will continue to affect market sentiment and gold prices.
Xauusd sell Gold builds on Monday's gains and trades above $2,670 on Tuesday, supported by the renewed optimism about an improving Chinese economic outlook. Meanwhile, the benchmark 10-year US Treasury bond yield stays in positive territory above 4.2%, capping XAU/USD's upside.
Gold now sell 2677
Support 2669
Support 2661
Gold Eyes $2,604 and $2,562 TargetsGood morning traders,
Trust your day is off to a great start. Take a moment to read my analysis of the Gold market, and give your view.
Overview
Gold is currently trading at $2,662.25, caught between a bullish and bearish triangle range. This follows an impulsive upward movement from Friday’s low of $2,612.89, driven by the Non-Farm Payroll (NFP) data. However, the upward momentum appears to have stalled, with price action signaling potential reversal patterns.
Idea
The price formation resembles a double top, a bearish pattern, with a strong resistance zone above, suggesting a possible downward move. If the price breaks below the neckline, it would confirm bearish momentum. Key support levels to monitor include $2,604.59 and $2,562.67. Conversely, if the price breaks above the $2,689.29 resistance level, the bearish scenario would be invalidated, signaling a continuation of bullish momentum.
Conclusion
Gold's current price action presents a mixed outlook. While the double top and resistance zone hint at a bearish move, the market must confirm this by breaking the neckline.
Cheers and happy trading!
XAUUSD Next Move? 2h AnalysisGold Price Outlook: Bearish Bias with Key Levels to Watch
Fundamental Analysis: Gold has been under pressure recently due to a combination of factors. The ongoing strength of the US dollar, driven by hawkish statements from the Federal Reserve, continues to weigh on gold prices. Additionally, rising bond yields and expectations of higher interest rates are further diminishing gold's appeal as a non-yielding asset. As global economic uncertainties persist, market participants are increasingly flocking to higher-yielding assets, leaving gold vulnerable to continued downside. If the Fed maintains its stance on tightening monetary policy, gold could face further headwinds in the short term.
Technical Analysis: Gold has been consolidating within a defined range over the past few sessions, creating a clear trading setup. Currently, the price is moving between two key levels:
Resistance: 2674 (If price breaks and closes above this level, it could signal a potential bullish reversal, with the next target at 2689).
Support: 2659 (If price breaks and closes below this level, we may see further downside with a target at 2625).
Key Levels to Watch:
Buy Trigger: A break and close above 2674 could open the door for a move higher towards 2689.
Sell Trigger: A break and close below 2659 would suggest further bearish pressure, with a target towards 2625.
Strategy: Monitor price action around these levels for confirmation. A clean break above 2674 could provide a buying opportunity, while a close below 2659 would support a bearish outlook. Let's see how the market performs in the coming sessions to gauge the direction.
Friends who hold short positions in gold, what should we do now?Bros, gold once rose to around 2676, but fortunately it has started to fall back now. To be honest, today's gold trading is in trouble. I originally wanted to short gold around 2660 now, and then go long gold around 2645 after gold fell back. However, gold only touched 2653 several times during the decline and then rebounded again. So I have held my short position until now, and then added the same position around 2675 to continue shorting gold. Once put me in a passive position in today's gold trading.
The better thing now is that gold has started to fall back to around 2668. Although I still have floating losses, it is much better than just now! Come on, brothers! We still have hope for turning losses into profits, so wish us good luck!
Bros, do you think my gold short position still has a chance to turn losses into profits?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
I've already started shorting gold,and you?Bros, as I mentioned in my last article, gold rose to around 2660 as expected, but did not effectively break through, and the overall situation is still in the range of fluctuations.
So in terms of trading, as I said in my last article, although from a structural point of view, it is conducive to supporting the rise of gold. But I did not chase the rise of gold directly. On the contrary, according to my trading strategy, I took 2660-2670 as the resistance area and shorted gold at 2660.33 as the transaction price.
On the other hand, gold is in the range of fluctuations, so if gold wants to continue to rise, it must increase the liquidity of long positions, so gold needs to fall back to attract more long funds, so gold still has the need to fall back.
Bros, have you also shorted gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
First short gold, then go long gold!Bros, this week's new trading journey begins from now!
Gold rebounded again under the support of safe-haven buying, and now it has reached around 2658. To be honest, gold is currently in a relatively obvious upward arrangement, and there is still room for gold to continue to rise.
However, overall, gold has not yet escaped the scope of shocks, so it is not good to directly chase gold near 2658, and the current strength of gold's rise is not firm. Gold needs to fall back to increase the liquidity of gold bulls, so we might as well consider trying to short gold with 2660-2670 as resistance, and wait for gold to fall back to the appropriate area before participating in long gold!
Bros, let's try to short gold first, and then wait patiently for gold to fall back before re-participating in long gold!If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD next move. 2H timeframe analysis.Trading Idea: Sell Target 2604 with Pullback Opportunity
Asset: XAUUSD
Timeframe: 2H
Current Price: 2633
Target: 2604
Technical Setup:
The market is in a downtrend, with lower highs and lower lows. Price is heading toward key support at 2604, a strong historical level. Indicators show continued bearish momentum:
RSI is near overbought, suggesting potential for a correction.
MACD remains negative, signaling more downside.
Price is below both the 50 EMA and 200 EMA, confirming the overall bearish trend.
A move towards 2604 may trigger a temporary pullback, so watch for reversal signals (bullish candles or patterns) for potential long entries after hitting this zone.
Fundamentals:
The broader market sentiment is risk-off, with global concerns over weighing on risk assets. Any negative economic data or geopolitical risks could drive further bearish pressure.
NFP market trading strategyFrom the data, the previous value is 1.2 (million), and the forecast value is 20 (million). From the current expectations, the non-agricultural employment population data may continue to rise sharply, which is bearish for gold; if the data is revised for the previous value, it may bring greater pressure to the gold market; gold fell to around 2613 overnight, and it is not ruled out that institutions are running ahead of the NFP market. If gold in the NFP market continues to fall sharply, it will also harvest most of the funds chasing the rise;
From the chart, gold is currently in a volatile pattern, but from the perspective of rebounding and falling back many times, it faces multiple resistances above, first facing resistance in the 2655-2665 area, and secondly facing resistance in the 2675-2685 area. So it is actually difficult for gold to break upward at the technical level; and today is Friday, the gold market closes the weekly line. From the weekly level, gold still has room to continue to fall, so once gold falls in the NFP market, it is likely to test the 2605-2600 area support; it may even test the 2580-2560 area.
So, today’s NFP market trading strategy:
1. Set the price limit to sell gold at 2658-2662. If it exceeds 2666, the short position will be abandoned;
2. Wait for the data to be released and then follow the gold fluctuations to choose an opportunity to short gold;
Bros, are you ready to participate in the NFP market? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management.
Technical Analysis:
Daily Chart:
• Price struggles below the mildly bearish 20 SMA.
• Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend.
• Momentum indicators remain neutral, supporting the absence of bullish reversal signs.
4-Hour Chart:
• XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA.
• The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower.
• Indicators are aligned with bearish momentum, suggesting further downside.
• Support Levels: $2,626.70, $2,611.35, $2,598.70
• Resistance Levels: $2,643.30, $2,655.00, $2,671.55
Fundamental Analysis:
The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data:
• ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength.
• Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist.
• Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD.
Trade Management:
• Entry near $2,645 with clear rejection signals.
• Stop Loss: Placed above $2,659 to manage risk efficiently.
• Targets: Initial take profit at $2,622, with a potential extension to $2,610.
• Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches.
• Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
SIDEWAY - big changes are waiting ahead ! XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges lower during Thursday's Asian session but remains within its recent trading range as mixed signals keep traders cautious. Hawkish comments from FOMC members, including Federal Reserve (Fed) Chair Jerome Powell, have reinforced expectations that the Fed will adopt a cautious approach to rate cuts. This has led to a modest rebound in US Treasury bond yields from their lowest levels in over a month, putting pressure on the non-yielding gold price.
⭐️Personal comments NOVA:
Unemployment news today - gold price will continue sideways waiting for NF data tomorrow, price range 2605; 2665 will be noticed in the sideway price zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2665 - $2667 SL $2672
TP1: $2655
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2622 - $2624 SL $2617
TP1: $2630
TP2: $2640
TP3: $2650
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAU SCALPING ! Resistance 2655 SELL sideway zone SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Anticipation of a less dovish Federal Reserve (Fed) has sparked a slight rebound in US Treasury bond yields, limiting gains for the non-yielding Gold price. Remarks from several FOMC members, including Fed Chair Jerome Powell on Wednesday, indicate the Fed is likely to proceed cautiously with rate cuts. This encourages traders to exercise caution before making significant moves on XAU/USD, as attention shifts to the upcoming US Nonfarm Payrolls (NFP) report on Friday.
⭐️Personal comments NOVA:
Gold price is still as predicted SIDEWAY, waiting for resistance at 2655 can SELL SCALPING M30
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2654 - $2656 SL $2659 scalping
TP1: $2650
TP2: $2645
TP3: $2640
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Execute gold trading by selling high and buying lowBros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity.
So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low.
Trading strategy:
1. Using the 2655-2660 area as resistance, try to short gold;
2. Using the 2640-2630 area as support, try to long gold;
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
ADP-NF Is there a chance for gold price to drop to 2605?⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Expectations that the Federal Reserve will take a cautious approach to rate cuts, driven by concerns that President-elect Donald Trump's policies could fuel inflation, are supporting a slight rise in US Treasury yields. This provides some strength to the US Dollar (USD) and may pose a challenge for Gold prices. However, XAU/USD remains supported by ongoing geopolitical tensions, uncertainty around Trump's trade tariffs, and fears of a potential second wave of global trade wars.
Traders are now awaiting the US ADP private-sector employment report and the ISM Services PMI for fresh direction in the market.
⭐️Personal comments NOVA:
Gold price narrows sideway zone 2640-2655, about to break the accumulation zone with ADP NF data this week
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2664 - $2666 SL $2669 scalping
TP1: $2658
TP2: $2650
TP3: $2640
🔥SELL GOLD zone: $2688 - $2690 SL $2695
TP1: $2680
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2615
TP2: $2628
TP3: $2635
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Still firmly short goldBros, gold has failed to effectively break through 2650 during the rebound process many times, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even drop to the 2600-2590 area. So in terms of trading, we can temporarily maintain the attitude of shorting gold.
Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Accumulation - bulls and bears dispute ! XAU sideway ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Atlanta Fed President Raphael Bostic shared his views, expressing uncertainty about the need for a rate cut this month but supporting the idea of further reductions in the coming months. He emphasized that interest rates should reach a neutral level that neither stimulates nor restricts economic growth, noting that he remains open to all options.
Meanwhile, the CME FedWatch Tool indicates a 63% probability of a 25-basis-point rate cut, slightly lower than the 66% seen last Friday, suggesting the December 17-18 meeting will be a closely watched event.
⭐️Personal comments NOVA:
The sideway price range 2605 - 2666 will continue, with more accumulation waiting for NF news this week.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2649 - $2651 SL $2654 scalping
TP1: $2645
TP2: $2638
TP3: $2630
🔥SELL GOLD zone: $2666 - $2668 SL $2673
TP1: $2658
TP2: $2645
TP3: $2630
🔥BUY GOLD zone: $2617 - $2615 SL $2610
TP1: $2625
TP2: $2632
TP3: $2640
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Xauusd sell From a technical point of view, XAU/USD remains confined to familiar levels, still struggling to find a directional way. In the daily chart, the pair struggles around a mildly bearish 20 Simple Moving Average (SMA) while the 100 and 200 SMAs maintain their bullish slopes well below the current level. Technical indicators, however, have turned flat at around their midlines, in line with the absence of a clear trend
Gold now sell 2640
Support 2615
Support 2605