#XAUUSD 1HXAUUSD Based on the 1-hour analysis, I am observing the resistance zone around 2660.00 and 2665.00 for potential selling opportunities.
Target levels: 2655.00, 2640.00, 2625.00, 2614.00, and 2605.00.
Key pattern: Bearish engulfing near the resistance area.
Important note: Avoid placing any pending orders at this time. Wait for strong bearish confirmation signals before entering a trade.
If the price successfully closes above 2672.00, it is recommended to avoid taking sell positions.
Xauusdshort
Gold Influenced by Various Factors, Focus on The Fed's DecisionGold prices need to clear $2,664-$2,664 levels for investors to gain control of the short-term market.
From a technical perspective, any subsequent up-move might face hurdles near the weekly highs, around the $2,664-$2,666 area touched on Monday, ahead of the $2,677 area.
A sustained strength beyond the latter should allow Gold prices to reclaim the $2,700 round figure.
The up-move could extend towards the monthly swing highs, around the $2,726 zone, above which XAU/USD is likely to resume its upward trajectory.
On the flip side, the overnight swing low, around the $2,633 region, now seems to protect the immediate downside ahead of the monthly trough, around the $2,614 zone.
This is followed by the $2,600 level, which, if broken decisively, will be seen as a fresh trigger for bearish traders and make Gold prices vulnerable to extending the recent sharp decline from the one-month highs touched last week.
XAUUSD TODAY CHART OUTLOOKBased on the analysis of this chart, the market demonstrates a cyclical trend of rising and falling movements. This pattern of fluctuations presents opportunities for significant earnings, as it allows investors to capitalize on both upward and downward trends. Understanding these market dynamics and strategically timing investments during these shifts can lead to substantial financial gains. By leveraging this predictable volatility, individuals or institutions can position themselves to maximize profits in both bullish and bearish market conditions.
Accumulated gold - information about interest rates is comming ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) inch higher during Tuesday's Asian session but struggle to sustain momentum, hovering near the one-week low reached on Monday. Market participants remain cautious, awaiting the conclusion of the Federal Reserve's two-day meeting on Wednesday before making new directional moves.
Attention will center on the Fed's policy statement, the updated dot plot, and remarks from Chair Jerome Powell during the post-meeting press conference. Investors are keen for insights into the future path of rate cuts, which could influence the US Dollar (USD) and provide clearer direction for gold prices.
⭐️Personal comments NOVA:
The market is currently waiting for important information to lower interest rates tomorrow. The positivity will return when it reduces another 0.25 points tomorrow.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2678 - $2680 SL $2685
TP1: $2670
TP2: $2660
TP3: $2650
🔥SELL GOLD zone: $2663 - $2665 SL $2668 scalping
TP1: $2655
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2626 - $2624 SL $2619
TP1: $2635
TP2: $2648
TP3: $2655
⭐️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
Buying opportunity at 2643-2628Gold is currently facing some selling pressure near 2648, but the overall trend remains bullish with a high probability of breaking through. In the coming days, prices are likely to rise above 2660, making buying the primary trading direction for now.
In a weak market, gold may fluctuate multiple times within the 2643-2628 range to build up momentum. In a strong market, prices could rally after just one retest today.
However, there’s also a possibility of breaking below the support. If that happens, the likelihood of a short-term drop to 2580 will increase significantly.
Gold range fluctuations, short-term profit strategyOn the daily level, the pressure is at 2665-2675, and the support below is around 2640. If it continues to weaken, the rebound may not be too large, but it is a small deviation, so it is not easy to chase the short for the time being, waiting for the rebound to go short. If it breaks 2640 further below, then it will be a small rebound and go short, but for now, it is still tentatively set at 2640-2675 for the beginning of the week! Overall, today's short-term operation strategy for gold is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2670-2675 resistance, and the short-term focus on the lower side is 2640-2643 support.
SCALPING ! XAU ! retest 2646 entry SELL SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high.
Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward.
⭐️Personal comments NOVA:
Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping
TP1: $2640
TP2: $2635
TP3: $2630
⭐️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 Gold (XAU/USD) puts pressure on daily lows and trades below $2,660 on Friday’s early American session. The US Dollar (USD) reclaims its leadership ahead of the weekly close, helped by rising US Treasury yieldsGold price faced rejection at higher levels on Thursday and turned south before finding support at the 50-day Simple Moving Average (SMA) at $2,671 early Friday.
The 14-day Relative Strength Index (RSI) has also witnessed a renewed upside while holding well above the 50 level.
If Gold price resumes the recovery momentum, it could retest the multi-week high of $2,726, above which 2,750, the confluence of the psychological barrier and the November 5 high, will act as a tough nut to crack.
A failure to defend the 50-day SMA support at $2,671 on a daily candlestick closing basis will prompt sellers to target the 21-day SMA at $2,650 once again.
#XAUUSD/GOLD 4HXAUUSD 4-Hour Analysis
The XAUUSD (Gold) pair has broken below a significant trendline support on the 4-hour chart, signaling a shift in momentum to the downside. This breakdown indicates increased selling pressure and provides a strong opportunity for bearish positions.
Technical Outlook:
Pattern: Trendline Support Line Breakdown
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position after confirming the breakdown with bearish price action signals, such as a retest of the broken support line acting as resistance or the formation of lower highs and lower lows.
Traders should monitor indicators like RSI for confirmation of bearish momentum or MACD for a bearish crossover. Risk management is essential, with stop-loss orders placed above the retest level and profit targets set at key support zones below.
Gold will Go Down to PRZ!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the Support zone($2,670-$2,653) . It is currently completing a pullback to this zone, so the pullback pattern appears to be a rising wedge pattern .
According to Elliott's wave theory , Gold seems to have completed wave 4 .
I expect Gold to continue falling to the next Support zone($2,642-$2,620) and the Potential Reversal Zone(PRZ) .
⚠️Note: If Gold breaks the Resistance zone($2,665-$2,662) and resistance line, we can expect gold to rise 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.
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Scenario xauusd update levels This analysis is purely about adjusting the level, plus a minor comment, the price is still holding on to the main level and could create a double top, the main one makes sense to me because there is a npoc on the support around the price of 2700, at which the price could choose a stop below we are currently in a poc, so then the view of thinking like this is still short, but I am still waiting for a confirming signal.
XAUUSD (XAU/USD)📉 Sell Signal for XAU/USD
✅ Suggestion: I expect a drop for gold. You can enter a market sell position.
🎯 Target Area:
1️⃣ 2643.654
📊 This is a great opportunity to capitalize on the downward move. 🚀
💬 To manage this signal effectively and receive more signals:
1️⃣ Follow my TradingView page 📊
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Gold Shows Bullish Signs, Eyeing 2666-2672 Resistance ZoneGold is at a critical point of contention between bulls and bears. From the technical chart, the bulls are in a stronger position, with signs of a double bottom. If this stabilizes, gold is expected to rise again towards the 2666-2672 area. Therefore, today's trading should focus on long positions.
XAU - monday sideway! Scalping follows the downtrendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Last week's US Consumer Price Index (CPI) and Producer Price Index (PPI) reports strengthened expectations that the Federal Reserve (Fed) will ease its rate cuts at a slower pace next year.
On Friday, the benchmark 10-year US Treasury yield climbed to a three-week high, reflecting market bets on a less dovish Fed stance, which could limit gains for the non-yielding gold.
Looking ahead, Monday's release of global flash PMI data may shape broader market sentiment and potentially impact demand for the safe-haven precious metal.
⭐️Personal comments NOVA:
Gold price is slow on the first trading day of the new week, around the 2650 area.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2662 - $2664 SL $2667 scalping
TP1: $2657
TP2: $2650
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
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips.
So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630.
So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? 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!
Follow the trend and short gold!This week is a new week, so let's start this week's trading with hope!
Gold rebounded after touching 2643, and currently rebounded to 2658. From the current rebound strength, gold is still very weak. And after gold just experienced a big drop, there is no position to support gold to rebound immediately. So we can only follow the weak trend in trading at present.
So in the short term, I still prefer to short gold, and there is resistance in the 2660-2670 area above. Once gold cannot break through this area strongly, gold is likely to continue to fall. Once gold encounters resistance and falls back, it may fall back to the 2645-2640 area, or even the 2630 area.
Bros, let's try to short gold first, and then wait patiently for gold to fall 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!