#xauusd #elliottwave long buy setup wave 3 of 5 12Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Xauusdlong
XAUUSD - possible outcomes today?Here is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last in-depth analysis on XAUUSD posted on November 27th , it has followed the projection and reached 2714 . Right now we have a few opportunities on our hands. Looking at XAUUSD we have possible buys if we break above 2720 and break today’s highs. On the other hand we could see pullbacks down to our PBA 1 (Pullback Area) sitting at around 2700 flat, and we could enter into more safe buys . If we break below 2700 (PBA 1) , we could see some sells in play. To write this in detail, here are the possible outcomes.
Scenario 1: BUYS from 2720
We broke above 2720 .
That would confirm continuation buys and we would have to keep our eye out on the breaks of today’s highs.
Scenario 2: BUYS from 2700
We made the pullback down to 2700 and are trading above it. That would give us a nice and safe area to enter into buys targeting today’s highs or possibly higher.
Scenario 3: SELLS from 2700
We broke below 2700 , and are now targeting breaks of 2690 and re-visits of 2675.
Personal opinion:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2720 would confirm buys.
- XAUUSD failing to break below 2700 would confirm buys.
- Breaks below 2700 would result in sells, down to 2690 and 2675.
Happy trading!
FxPocket
Gold Price Trend Analysis on December 13, 2024As of December 12, 2024, gold is trading around $2,717 per ounce, continuing its upward trend amid declining U.S. inflation and expectations of a Federal Reserve interest rate cut. Geopolitical tensions and a weakening USD further support the rise in gold prices.
Technical Analysis:
Market Trend:
Primary Trend: Bullish.
Key Support Levels: $2,700 (50-day MA) and $2,696 (50% Fibonacci retracement).
Resistance Level: $2,732 (previous high).
Scenario 1: Continued Uptrend (Breakout)
If price breaks above the $2,732 resistance with high volume, it may target $2,750.
Trading Strategy:
Enter long positions upon a close above $2,732.
Set Stop Loss at $2,720.
Take Profit 1: $2,750.
Take Profit 2: $2,760.
Scenario 2: Rejection at Resistance
If price fails to break $2,732 and shows reversal patterns, a correction to $2,710 or $2,700 may occur.
Trading Strategy:
Enter short positions near $2,732 upon bearish reversal signals like a Pin Bar or Doji.
Set Stop Loss at $2,740.
Take Profit 1: $2,710.
Take Profit 2: $2,700.
Scenario 3: Pullback to Support and Rebound
A pullback to the $2,700 support that holds may offer buying opportunities in line with the uptrend.
Trading Strategy:
Enter long positions at $2,700.
Set Stop Loss at $2,688.
Take Profit 1: $2,732.
Take Profit 2: $2,750.
Recommendations for Traders:
Prudent Risk Management:
Limit risk per trade to no more than 2% of account equity.
Monitor Economic News:
Key data such as Federal Reserve interest rate decisions or CPI reports significantly impact gold prices.
Await Confirmatory Signals:
Avoid impulsive trades; enter positions only upon clear signals at critical price levels
100% golden signal that makes you profitableFrom the 4-hour analysis chart, we focus on the 2728-30 line for upper pressure, and the 2697-2700 line for short-term support below, with a focus on the 2686-92 line. The main operation is to go long on the pullback.
Gold has made a profit of 240% this weekAt this time, the market is running relatively slowly. After the long orders of gold are closed, there is a tendency to enter a small adjustment. It is expected that the gold price will not rise directly at present. It will only be possible to further increase until the US market. The trend remains upward. After the gold price further adjusts, continue to layout and go long! First pay attention to the 2707 moving average support level below. Continue to go long when the gold price adjusts to 2700 in the evening.
Technical and Fundamental Analysis Post-Breakout of 2721Analysis Expansion:
In the current market environment, gold continues to demonstrate strong upward momentum. Technically, the price has found support in the 2705-2710 range, with the RSI indicator consistently remaining in the bullish zone, suggesting that the market sentiment remains tilted toward the bulls. A breakout above the 2721 level would confirm the continuation of the uptrend, with the next key resistance likely to be around the 2740-2750 region.
From a fundamental perspective, the recent CPI data significantly increased market expectations for a Federal Reserve rate cut next week, particularly in light of weak inflation figures. Market focus is now shifting to the upcoming PPI and initial jobless claims data, which may further fuel expectations for a dovish Fed policy. If the PPI data shows weakness or if initial jobless claims rise substantially, gold could see additional bullish momentum.
Therefore, the strategy remains focused on long positions, with an eye on buying opportunities in the 2705-2710 range. If gold breaks above 2721, it will open the door for further upside potential. Risk management is crucial in trading, and investors should remain flexible with their positions to avoid overexposure.
GOLD to extend it's gains?Gold - 24h expiry
There is no indication that the rally is coming to an end. Our short term bias remains positive. 5 positive daily performances in succession. Price action continues to trade around significant highs. We look for gains to be extended today. A break of the recent high at 2728.5 should result in a further move higher.
We look to Buy a break of 2728.5 (stop at 2708.5)
Our profit targets will be 2778.5 and 2788.5
Resistance: 2726.3 / 2735.7 / 2750.0
Support: 2710.0 / 2695.0 / 2675.5
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
XAUUSD After a LL and Liquidity Swap Gonna see if it breaks the HH on Higher time frame.What Y'all think . I am In now. My work Risk Yours
XAUUSDHere is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair.
Alright first, let’s take a step back and take a look at XAUUSD from a bigger perspective . For this we will be looking at the H4 time-frame .
XAUUSD is currently trading at around 2650s . Our scenarios stay the same. Let’s take another look at them with more in-depth outcomes.
Scenario 1: BUYS
We broke above 2660.
That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) at around 2714 .
Scenario 2: SELLS
We respected our KL (Key Level) 2660 and have not broke above it.
We are now targeting breaks of 2590 and revisits of 2530 . If 2530 is to be broken, we could easily see our next Key Level sitting at 2480 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660.
KEY NOTES
- XAUUSD breaking above 2660 would confirm buys UP TO 2714.
- XAUUSD failing to break above 2660 would confirm sells.
- Breaks below 2604 would result in sells, down to 2550 and 2530.
- If 2530 is broken, we can see our next KL (Key Level) 2480.
Happy trading!
FxPocket
ANALYSIS OF GOLD TREND TODAY, DECEMBER 12, 2024: UP OR DOWN?Technical Analysis from the Chart:
The price has broken through the previous descending trendline (yellow line) and is now in a recovery trend. Currently, the price is approaching a strong resistance zone at $2,710 - $2,725, an area where selling pressure has been prominent in the past.
Key Levels:
Main Resistance: $2,710 - $2,725 (previous highs and key Fibonacci zone).
Nearby Support: $2,680 (MA200 and Fibonacci 0.618).
Strong Support: $2,650 (previous lows and psychological support level).
Indicators:
RSI: Currently near the overbought zone, signaling a potential price pullback in the short term.
Stochastic: In the overbought zone and showing signs of a possible reversal.
Price Action Pattern:
The price is currently testing a strong resistance zone. If it fails to break through, there is a chance it will correct back to support.
Trading Strategy for XAUUSD in the Current Price Range:
SELL XAUUSD around the $2,720 - $2,721 zone:
Stoploss: $2,726
Take Profit 1: $2,715
Take Profit 2: $2,710
Take Profit 3: $2,700
“If the price breaks above $2,728, look for a sell around $2,749 - $2,750 in a longer-term channel.”
BUY XAUUSD around the $2,679 - $2,680 zone:
Stoploss: $2,674
Take Profit 1: $2,685
Take Profit 2: $2,690
Take Profit 3: $2,700
Note: Always set a stoploss in every trade to ensure safety!
@Henrybillion wishes you a successful trading day!
Gold May Rise to 2800In the future gold trend, focus on the points marked on the chart. 2704-2688-2675-2667-2652 are important supports, and the rising resistance is 2725-2750-2769-2788-2803
2666-2652 is an important support for the rising trend. In the next fluctuation, as long as this area is held and not broken, the rising trend will continue until around 2800. After that, 2750-2725 will become the support of the new trend.
Gold Market Analysis 12/11The ideal target of 2687 has been achieved, and the price has now moved above 2690. Currently, the 2693-2704 region faces significant selling pressure, which is expected to cause a short-term pullback. However, from the 1D chart perspective, the overall trend remains bullish, indicating that this pullback is a release of pressure rather than a change in trend.
Short-term support is at the 2678-2673 range, and if the price retraces to this level, it could attract renewed bullish momentum. Therefore, the recommended trading strategy is as follows: consider shorting above 2690 for a quick trade, and look to go long if the price drops below 2680, with targets remaining at higher levels.
As always, ensure proper risk management and closely monitor market movements.
XAUUSD Long Trade: High-Potential Entry Hey, traders! 🚀 Here’s my latest Gold (XAUUSD) long entry on the 1H chart. Entry: 2,670.67 USD, Stop Loss: 2,607.82 USD, and Take Profit: 2,735.52 USD.
Why this trade? 📊 The moving averages show a clear bullish trend, the RSI at 61.55 indicates room for further upside, and the volume is steadily increasing, confirming market interest. The wider Stop Loss gives the trade space to breathe while maintaining a solid risk-to-reward ratio.
What do you think? Would you take this trade? Drop your thoughts in the comments and give this idea a boost if it resonates with you! 📈🔥
Disclaimer:
This content is for educational purposes only and does not constitute financial advice. Trade responsibly and assess your own risk tolerance before making decisions.
Gold recovers! Break and move uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its weekly rally for the third straight day on Wednesday, reaching a two-and-a-half-week high during the Asian session. The metal aims to sustain its momentum above the $2,700 level, supported by multiple factors. Geopolitical tensions from the escalating Russia-Ukraine conflict, unrest in the Middle East, and concerns about US President-elect Donald Trump's proposed tariffs drive safe-haven demand. Additionally, expectations of rate cuts by major central banks further bolster the non-yielding yellow metal.
However, the US Dollar's (USD) recent rebound to a near one-week high on Tuesday limits further gains for USD-priced Gold. Moreover, traders remain cautious ahead of today's US consumer inflation data, which could shape the Federal Reserve's policy decision next week, influencing the USD and Gold's direction. Despite this, the broader outlook suggests that the XAU/USD remains biased towards further upside movement.
⭐️Personal comments NOVA:
The large time frame is showing a strong recovery in the 2700 price range. Continue the short-term uptrend, waiting for a bearish price reaction at 2722
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2720 - $2722 SL $2727
TP1: $2710
TP2: $2700
TP3: $2690
🔥BUY GOLD zone: $2685 - $2683 SL $2680 scalping ( Asian and European sessions )
TP1: $2690
TP2: $2695
TP3: $2700
🔥BUY GOLD zone: $2673 - $2671 SL $2666
TP1: $2680
TP2: $2690
TP3: $2700
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Gold Rally Continues as CPI Data Set to Drive the Next MoveCurrently, the gold market is supported by escalating geopolitical tensions and the strong market expectation of an interest rate cut by the Federal Reserve next week. Gold prices have now approached the $2700 level. From a technical perspective, gold has broken above the 50-day moving average, with the Relative Strength Index (RSI) showing a bullish signal, indicating strong upward momentum. The U.S. Consumer Price Index (CPI) for November will be released in two hours, and this report could significantly influence the Federal Reserve's interest rate decisions at their meeting on December 17-18.
If the U.S. CPI data comes in weaker than expected, it may strengthen the market's expectation of Fed rate cuts in the coming months, which would push gold prices higher towards the November 25 high of $2721. Therefore, gold's short-term direction will largely depend on today's CPI data, and I believe the data will be supportive for gold prices.
Today's Strategy:
Long Position on Pullback: Consider going long if gold retraces to the 2690-2695 region, leveraging the current technical setup and market sentiment.
Wait for CPI Data: It is advisable to await the release of CPI data and adjust positions based on market reaction.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management and without over-leveraging.
XAUUSD: Last Idea Gave Us 940+ Pips, What about Next?Dear Traders,
Hope you are doing well, our last entry moved well and better than what we had expected, due to that reason mainly and how price have moved and its behaviour gave us indication of bullish continuous dominance that will take price upwards of 2790$ region one more time before it reverse. Remember our bias will change depending on how price moves so if you see a different bias do not be shocked or confused. Please refer to the time when the chart was published.
Good luck.
#XAUUSD: Possible clear move happening next weekGold has been trading sideways with no clear view of the market, making it difficult to trade swing or even intraday, we wanted to share our view early, however, since the price is not clear yet. We waited until today, now we can see price either can move up without taking out sell side liquidity or might take out the sell side liquidity and then moves upwards. Good luck.
Comprehensive analysis and trading strategies for goldCombined with the hourly chart trend, it can be seen that the gold trend was repeatedly pulled and fluctuated during the Asian session on Monday and Tuesday, indicating that the sentiment in the Asian session was very cautious. However, once it came to the European and American sessions, the market speculated on risk aversion in a disorderly manner, resulting in the market continuing to rise abnormally. The unconventional technical trend requires that this trend rhythm is very difficult to judge, because the risk aversion sentiment is indeed impossible to track and quantify. Today, gold opened higher again. It is obvious that the sentiment in the Asian session is no longer cautious and has become emotional, which will increase the uncertainty risk in the short term. The risk of fundamental changes during the European and American sessions today has increased. In addition, the US CPI number will be released tonight, and the short-term rising channel of gold on the hourly chart has also reached the end. Therefore, it is necessary to guard against the risks brought by the shift in the market focus today.
In terms of operations, given that the market is disorderly taking advantage of the geopolitical situation to speculate on risk aversion, market sentiment is very irrational, and with the release of the US CPI data tonight, we must also prevent the market focus from shifting from risk aversion to the impact of the Federal Reserve's interest rate policy. Therefore, gold still retains the risk of falling under pressure at any time during the day, but under the influence of emotions, it is difficult to judge how much it can rise. On the upside, we can pay attention to the pressure near 2710-2720, and on the downside, we can pay attention to the support retracement of 2690-2685 and 2677-2675.
Gold falls back and continues to go longThe bulls are still strong now. However, the decline has not continued and now it has rebounded to around 2700. From the current trend, the bulls are still strong, MA5-MA10 moving average maintains a golden cross upward, and the upper track of the Bollinger band shows signs of opening. The key now is whether the 2700 mark can be broken through and stabilized. If it stabilizes, it will test the previous huge Yin high point of 2720; otherwise, it will fall again under pressure at the 2700 mark.
The 1-hour moving average of gold continues to form a golden cross and diverge in an upward bullish arrangement. The decline of gold is an opportunity to go long. Gold fell to the lowest point of 2675 today and then bottomed out and rebounded. Gold fell back to 2675 in the afternoon and continued to go long on dips. Gold can continue to go long if it falls back to around 2680.
XAUUSD potential buy signalHere is our signal on XAUUSD . Potential long opportunity.
As the price on XAUUSD has broken the long-term consolidation at 2666 , we could potentially see more upside on gold if we manage to stay above 2660 . Our entry is sitting at 2667 with SL (Stop Loss) sitting below the 2660 area at 2656.700 . Our TP (Take Profit) is sitting at the next KL (Key Level) at 2685 .
PARAMETERS
- Entry: 2667
- SL: 2656.700
- TP: 2685.000
KEY NOTES
- XAUUSD broke the consolidation area.
- Staying above 2660 would confirm our buys.
Happy trading!
FxPocket
XAUUSD - 4hr Bum n Run update (final)Let the Trade ride! Understand pullbacks will happen but the price is in motion. Respect the trend.
Gold has officially broken about the accumulation phase. Price has retraced back to previous resistance confirming new support. (2675)
Keep in mind:
Today
Core CPI m/m and CPI y/y
Thu
Dec 12
Core PPI m/m and PPI m/m
**Both of these red news events could shift the short term. watch for wicks and false breakouts
GOLD Possible Bull Run Awaiting Breakout after Liquidity Swap.XAXAUUSD
High Possibility of Breaking out and Forming new High above as shown. Wait for further clarifications. Work Mine Risk Yours.
