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Wednesday: Operation between 2055~2075Gold adjusted and closed again with a small negative structure, and the U.S. index continued to rise. Gold and silver rebounded high. Gold fluctuated widely yesterday and rose sharply during the day. The European and American markets formed a surge and fell back to adjust downward and penetrated 2060 in late trading and fell to a low near 2055. The daily line closed continuously negative and tested the MA10 daily moving average support close to the 53 line. The short-cycle four-hour chart and hour The price in the chart is running in the middle and lower rails of the Bollinger Bands. The central axis of the RSI indicator is below the 50 value. The moving average system maintains its opening downward. The MA10 is suppressing 2066 on the 10th. The US index continues to rise strongly and maintains a strong closing. The daily line is positive, which has a certain impact on gold and silver. suppress. Gold trading today is mainly selling at high prices, followed by buying at low prices. Yesterday's gold market trend was consistent with my prediction. It fluctuated within the range, with 2075 short and 2070 short respectively. It fell as expected and profited! Now that the market has fallen to the support below, it’s time to start going long! Rely on the support of 2055 to go long in early trading! Looking at gold in 4 hours, the general direction of the shock trend after the rise remains unchanged is the bullish trend! The watershed between long and short is the 2050 position. Only when it truly falls below 2050 will the downtrend begin! Now the market continues to fluctuate within the range of 2055-2075. It is now exactly the 4-hour Bollinger lower track support position, and there is a rebound expectation! Gold relies on the support of 2055 to go long, and the top continues to pay attention to the pressure of 2075! For the time being, sell high and buy low within the range! Complete signal 👇
OANDA:XAUUSD
by Short-termTaurus
XAUUSD: Today’s analysis on 29/12, 2061.5 is the dividing lineThe day before Christmas, the last rising point last Friday started at 2061.5. Today, it can only continue to fall if it falls below 2061.5, so it was as low as 2061.9 just now. This position will definitely rebound, so the market is now at the dividing line. It can go up or down Gold technical chart daily pressure is 2100, with support below 2066-2040 The four-hour pressure is 2100, and the lower support is 2069-2066 One-hour pressure 2073-2080, support below 2066 ✅Operational suggestions: The 2040 mark is not broken, the 4H chart is still in a bullish trend, and the upper part is suppressed by the resistance of 2073 and 208 SELL:near 2080 SELL:near 2073 BUY:near 2054 BUY:near 2040 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD so far for 2024Hey guys good morning, what is up - happy New Year, I was supposed to produce an analysis yesterday but I had other business to attend to as I have other things I do to make money (let's be honest - it doesn't matter how good of a trader you are, it isn't safe to put all your eggs into THIS basket lol) That being said however I wish you nothing but success for 2024 and beyond. Let us begin the analysis on gold thus far Thus far on the m15 timeframe it seems that gold hasn't had much going on since my last trade mid December I will however say that gold in my opinion is still very much a bullish market - with this in mind however gold ISN'T buying - WHY? Let me explain.. So we know we cannot use the current monthly candle as there are literally 28 days left before that candle closes, anything can happen between now and the YEAR of January lol (for those of you who spent all their profits of last year over Christmas lol) The previous monthly candle however makes sense that it is consolidating because typically after a big push you will get the market go into a state of consolidation to begin the new cycle and by extension new trap Keep in mind however hold is still trading AT and I'd argue above the previous high that would have been broken (see image below) On the weekly timeframe we can see again we cannot yet trust the current weekly candle as it has a little while again before it closes - it does however suggest a bear move - I'd explain why I think this is possible shortly The previous weekly candle also speaks to a possible bear move - the fact that there is a heavy rejection on the previous weekly candle in a bull market doesn't make a lot of sense UNLESS the market CANNOT go up further without come back down for something first - maybe? right? Looking at the daily timeframe we can see that the last day for 2023 closed as a bearish day - why? maybe this is to induce sellers so that sellers can come in and push price lower But why? Why would the dealer want to have sellers become interested? Why would he want the seller to try to push price down? Because I believe there is something down below somewhere and the sell is to get price to achieve that level - that is the ONLY thing that makes sense to me The 4 hour is very interesting because looking at this green zone we can see over to the left there were a lot of sellers interested at that "resistance". They sold and sold until they were eventually stopped out - the buyers then quickly became interested. This makes sense as gold is a bullish market for sure. But then (presently) the buyers that recently became interested were stopped out by this bear push - I think however that gold isn't ready to resume buys yet because it is staying at this lower area a bit to long for my liking. Actually As I am typing this price is consistently pushing lower. The only thing would give me confidence that gold is ready to resume buys is if it heavily rejects the downside and in my opinion it hasn't arrived where the big chunk of liquidity is just yet (see next image) When you observe the 1 hour time frame we can see that there was a bull trend that formed over a few days - this would have surely induced buyers - in a bull market the market wants to buy (duhhh, obviously) but the question you have to ask is - "does the dealer want the buyer to win alongside him?" 11\10 times the answer to that question is a big FAT NO! So it makes sense to induce the buyer to buy then to stop them out by driving price lower back to hit their stop losses. The areas highlighted are where I think the next chunks of liquidity are trapped. We can possibly see price hit one of these areas before resuming the buy. The real question is - "do I think it is worth it to try to sell gold in hopes that it gets to one of these levels?" No, I don't think it is worth it. But not because of the market structure I have outlined here. More so due to the time of the year. I think the market is still pretty volatile from the holidays. I think waiting a few days to see what happens - at least if more momentum comes in first is the better play here. This shows not just I know what I want to see but it shows discipline as well. I am not to eager to find a trade. I prefer the trade to come to me Downvote\don't boost if you didn't take the time to read this entire post and you didn't try to understand OR Upvote\boost if you did take the time to read this entire post and you did try to understand Leave a comment telling me how you feel about the new year so far to let me know that you've read this entire post
OANDA:XAUUSDShort
by Brandon_evo4
Gold falls back on support and continues to be bullishMarket analysis: There is still no sign of a sharp decline in gold. High fluctuations will be the main trend. Currently, the price of gold is still running within the previous rising trend line. Although it regrettably fell yesterday, even so, yesterday was still in a state of shock overall! As long as the current trend remains unchanged, I am willing to buy again today! Let’s look at the rebound within the day! From a technical point of view, the price of gold is still in an adjustment trend. Even though the daily line closed yesterday, the high point of the daily line has exceeded the high point of the previous day. While it was turbulent, the market began to turn bullish! At this moment, we are waiting for the gold price to reverse and rise. This not only requires a forward-looking vision, but more importantly, we must have the confidence to make our own judgment! A failed trader is doing the current price most of the time, while a successful trader is always doing the phenomenon! If you want to prepare for a rainy day, avoid danger and understand the root cause! During the day, focus on the bottom support of 2057 for long positions, and the pressure on the moving average near 2067 on the top! Trading signals: Gold 2057 buy, stop loss 2052, target 2075
OANDA:XAUUSDLong
by Golden-Strategy-Master
Gold pulls back to 2065, continue buyingMarket analysis: Gold has pulled back after rising today, and now the support of stepping back on the trend line is still valid. If gold wants to maintain this volatile rising pattern, it will definitely move towards the previous high of 2088 in the short term. Bulls will still have enough profits in short-term operations. There is space, so we can buy after waiting for the correction. From a technical point of view, the current one-hour upward trend remains intact. Go long on dips during the uptrend. Making money is so simple. Here, there are no ambiguous ideas and strategies, only sharp points and goals! Trading is like sniping, waiting for a better opportunity to appear, and when the opportunity arises, rush in with a heavy position without hesitation. This kind of rhythm of keeping up with the money can only be completely replicated by trust! The market is messy, and bulls and bears are everywhere. If you can't stand firm, it will be difficult to figure out the way forward in the messy market! The bullish thinking remains unchanged today, and we are waiting for gold prices to return to the trend line support to go long near 2065! Specific signals: Buy gold at 2065, stop loss at 2055, target 2080-2088
OANDA:XAUUSDLong
by Golden-Strategy-Master
1
Latest analysis of US market, 2070/2064 supportOn Thursday (December 28), the market insisted that the Federal Reserve would not relax its expectations of a faster interest rate cut. The U.S. dollar and U.S. bond yields were further put under pressure. Gold rebounded and once touched $2,088, approaching the 2,100 mark. Gold prices climbed to more than three-week highs on Thursday as the dollar and U.S. Treasury yields hit multi-month lows as bets grew that the Federal Reserve would begin cutting interest rates as early as March next year. Technical aspect: On the daily line, the market volatility on the previous trading day was relatively small, and the small positive line closed, indicating that the short-term gold price is relatively strong. In terms of indicators, the market is still running above the 20-day moving average, and bulls still have the upper hand. The market outlook will focus on the first-line pressure of $2,088 at the top, and the first-line support at $2070/2064 at the bottom.
OANDA:XAUUSDLong
by Short-termTaurus
Gold focuses on 2062/2050 supportGold fell back after rising yesterday, and fell below the 2070 long-short watershed, and the market turned downward! I started shorting today and sold directly above 2070 in early trading, with a profit of 80pips! The bottom supports the 2050 line! In trend trading, the most important thing is to follow the trend. When the market turns around, you must adjust your thinking immediately! So I always follow trends from beginning to end! Currently, gold has fallen below the moving average support, and the upward trend line has also been broken, which means that the gold trend has changed! The next step is to fall! Gold has been fluctuating all the way up, but the market changed yesterday! There is no rebound after breaking the position, which means that the adjustment will continue! The support below this time is the support position of the 4-hour Bollinger Middle Rail 2050! It is expected that there will be a rebound after this decline to this position! However, we do not rule out that the decline will stop near the previous low of 2060~2062, but I think the probability of falling to around 2050 is higher.
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD (GOLD) I Potential Bearish Flag BreakoutWelcome back! Let me know your thoughts in the comments! ** XADUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDShort
by BKTradingAcademy
5
XAU/USD Shorts from 2077.000 down towards 2032.000My Gold forecast for this week anticipates a temporary bearish move to clear the liquidity below. With the bullish pressure fading and a shift in character to the downside, there are indications of a brief bearish phase. Given the substantial liquidity below, I expect a descent towards 2032, where a 19hr demand zone is located. Currently, my strategy involves waiting for a minor upward movement to facilitate a redistribution within my 10hr supply zone. Subsequently, I will explore selling opportunities from that point. Since this entails a counter-trend trade, I'll exercise caution and seek additional confirmation, such as a Break of Structure (BOS), to ascertain that the market is ready for a bearish trajectory. Confluences for Gold sells are as follows: - Price has changed character to the downside and has left unmitigated 10hr supply zone. - Lots of liquidity to the downside in the form of trend line liquidity and Asian lows. - Price has been moving very bullish recently and is due for a correction. - If price wants to continue in a bullish direction I expect for price to tap into the 19hr demand. - Price has recently reacted off a 2hr supply which initiated a downward trend. P.S. As this is a short-term perspective, my overall outlook for this market remains bullish. I anticipate that price will continue its upward momentum, but it needs to retrace to a more favorable level before embarking on another rally. Hence, I expect a drop to reach and interact with a 19hr demand zone, serving as a potential catalyst for another bullish rally. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
OANDA:XAUUSDShort
by Hassan_fx
GOLD ROUTE MAP & TRADING PLAN END OF WEEK UPDATEHey Everyone, Great finish to the week for us, as we completed all our Bullish targets!!!! Yesterday we stated after hitting our last target at 2086, that we will see price play between 2071 and 2086 and break of either weighted level with ema5 will determine next level. 2071 was broken with ema5 and confirmed 2063, which was hit today. Once again we were able to track the movement down and catch the bounces up in true level to level fashion. BULLISH TARGETS 2063 - DONE EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET 2071 - DONE 2086 - DONE We will now come back Sunday with our new multi timeframe analysis, trading plan and gold route map for the coming week and new year. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
XAUUSD: 28/12 Today’s Strategy and AnalysisGold technical chart daily pressure is 2100, with support below 2066 The four-hour pressure is 2100, and the lower support is 2069-2066 One hour pressure is 2100, support below is 2080-2066 Operational suggestions: Yesterday, gold first fluctuated around the 2061-2066 range. The U.S. market ushered in a strong bullish upward trend and broke a new high. Today, it accelerated its upward move to around 2088. It is recommended that gold step back to 2080-2070 and continue to be long, looking towards the 2100 mark. BUY:near 2080 BUY:near 2070 SELL:near 2100
OANDA:XAUUSD
by ActuaryJ
📉⏰ Gold's Major Drop Tomorrow: Get Ready for the Tumble! 💥🚨👀Gold closed today at 2065.265 (-0.57%). We had anticipated this move a few hours before it happened, and we have been calling for this move since the beginning of the week. However, despite our predictions, many bullish investors and those with diamond hands are still not convinced that the bull trend has reversed and that we are now officially in a bear market. Tomorrow's drop in gold price will be huge compared to what we have witnessed today. And if it does not happen tomorrow, we expect it to happen the next trading day after January 01, 2024. Why? The hourly charts are in a dangerous spot Enough of the talking! Let's look at the charts now, because prices and charts are trustworthy. The gold 1-hour chart indicates that the trend has shifted to the bearish side. Let's look at the gold miners - NUGT (GOLD MINERS BULL INDEX X2) 3 DAILY CHARTS: We can see that there is double top formation on the RSI. GDX 3 DAILY CHART: We can see a double top formation on the RSI as well. XAUUSD 3 DAILY CHART: We can see a double top formation on the RSI as well. Based on the 3 daily charts, the first target is $1982.
OANDA:XAUUSDShort
by blacklegend55
XAUUSD: 27/12 Today’s Market Analysis and SuggestionsGold technical chart daily pressure is 2066-2072, with support below 2040 Four-hour pressure is 2066, support below is 2044 One-hour pressure 2066-2072, support below 2055 Operational advice: The advice given yesterday was absolutely correct. The gold price reached its lowest level near 2054 and then fluctuated upwards. It continued to test the 2066 mark. It is currently consolidating at the 2066 mark and waiting for the next attack! Look towards the vicinity of 2072-2080 and then look at the 2100 mark BUY:near 2055 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD pullback is still a buying opportunityGold's retracement did not fall below the key support of 2070, but the bulls remain unchanged. The pullback is still an opportunity to cover long positions! The current price of 2075 is directly higher, and the US market continues to be bullish! From the trend point of view, gold is still on an upward trend. The current pullback is exactly the support position of the 1-hour Bollinger Band, which is also the support position to start rising again. It can be more directly! The US market will at least attack the 2100 mark again! In the trending market, every correction is an opportunity to go long. Don’t miss the opportunity before it comes back. The current price is 2075, which is directly long! The U.S. market will surely pull up again in a straight line!
OANDA:XAUUSDLong
by Golden-Strategy-Master
28. The rising demand for gold is obviousOn Wednesday (December 27) in Asia, the Bank of Japan released a summary of the opinions of the review committee of the December monetary policy meeting, emphasizing that it is too early to raise interest rates and that the end of negative interest rates must first bring the price target within sight. The U.S. Defense Secretary confirmed that the U.S. military carried out air strikes in Iraq, which resulted in the death of at least one person. Mediterranean Shipping Company (MSC) said a container ship was attacked while transiting the Red Sea. Spot gold once approached the $2,070 mark, and then remained bullish at $2,064. Gold prices rose, breaking out of a trading range that had been in place for much of December after weak U.S. inflation data fueled more bets on early interest rate cuts in 2024. Gold has rallied sharply in recent sessions as the PCE price index, the Fed's preferred inflation gauge, fell short of expectations. Inflation data released after the Federal Reserve sent a dovish signal at its last meeting in 2023 raised hopes that the central bank could start cutting interest rates as early as March 2024. This view creates a strong outlook for gold, given that high interest rates drive up the opportunity cost of investing in gold. International gold is also likely to benefit from worsening global economic conditions in the coming year as major economies feel the impact of tightening monetary policies. There is now clear upside demand for gold, so the risk of going long gold is less than going short Please pay attention to updates for more trading signals xia
OANDA:XAUUSDLong
by Short-termTaurus
GOLD continues to wait for the pullback before buyingYesterday's judgment of first falling and then rising was very accurate, and today the market is likely to continue this trend again. The golden day has fluctuated within a narrow range, and the thinking has not changed now. We continue to wait for support to come back! Buy again near 2057 Gold is now consolidating and oscillating in the process of rising, maintaining a back-and-forth range within the 2050-70 range! Our idea is to sell high and buy low within the range, short or short, and the main idea is to be bullish on lows and longs!
OANDA:XAUUSDLong
by Golden-Strategy-Master
1
GOLD is waiting to buy again near the support level of 2053Gold continues to rise today, but the current momentum is insufficient and it is difficult to break through new highs. It needs to wait for the shock adjustment before it is possible to break through new highs again. Therefore, you can first watch a wave of correction, step back to the support level near 2053, and then buy again. Gold is still on an upward trend overall, but this rise has touched the pressure near the upper limit of the daily Bollinger Band, and there is a need for adjustment. The adjustment range is expected to be within the range of 2050-2070, with fluctuations back and forth within the range, so we In terms of operation, try to focus on buying at low prices and selling at high prices as a supplement! Selling must be short-term, if there is a profit, run as soon as possible! specific strategies Gold is sold at 2064, stop loss is 2073, target is 2053 Gold 2053 buy, stop loss 2045, target 2070
OANDA:XAUUSDLong
by Golden-Strategy-Master