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.
Xauusdsignal
Will Gold also test the next resistance level?It’s been a highly bullish week for OANDA:XAUUSD traders, with prices not only reaching but surpassing all my targets one by one.
As I outlined in Monday's outlook, if the bulls manage to break above the 2655–2660 resistance zone, the 2785 level would be exposed, and more importantly, the price would very likely move beyond 2700.
Yesterday, that prediction materialized as we saw a decisive break above this critical milestone, with FOREXCOM:XAUUSD reaching the 2718 target—and even surpassing it.
Overnight, the price briefly dropped from 2725, touching the newly formed support at 2700 before reversing strongly upward.
The overall structure remains extremely bullish, with every dip being bought by traders.
This momentum should guide our strategy moving forward, focusing now on the next resistance zone at 2755–2760.
Adjustment rhythm DOWN ABC ! The buying side is weakening⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Price pressures in the United States are expected to have remained sticky in November, with headline inflation picking up. While the data is unlikely to deter the Federal Reserve (Fed) from cutting rates by 25 basis points (bps) next week, it might limit the scope of the easing cycle heading into 2025.
Beyond that, the situation in the Middle East remains uncertain. The Syrian rebels have appointed a prime minister for a transitional government while Israel has stepped up its attacks on the Syrian army’s facilities. Ongoing tensions in the area are buoying safe-haven flows into Gold.
⭐️Personal comments NOVA:
Frame H1 - complete 5 rising waves according to elliot. Need a downward adjustment to accumulate for the market
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2746 - $2748 SL $2753
TP1: $2740
TP2: $2730
TP3: $2720
🔥BUY GOLD zone: $2674 - $2676 SL $2669
TP1: $2685
TP2: $2692
TP3: $2700
⭐️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
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 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 BuySetupHi everyone.
As we broke the structure stronger than previous one with higher volume, so I think this trend is going to continue to meet the weekly orderblock.
I think this area is good to set an order.
This order has a tight SL, so please consider the risk management.
I'll send another setup for this entry in the comment below. don't forget to check it ;)
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
XauUsd target done. What's next?As expected, the 2655–2660 resistance zone gave way, and after a confirmed breakout, OANDA:XAUUSD moved higher, surpassing the initial target of 2685 and hitting a local high above 2700.
The price then formed a double top around the 2704 level (5m chart) before entering a normal correction phase. During this pullback, it tested the 2675 zone, which held as a strong support area due to its confluence.
Currently, Gold is showing signs of resuming its upward trend and is trading around 2693. My outlook remains bullish as long as the 2670–2675 support zone holds. For now, buying during dips remains the best strategy.
If the price can break back above 2700, the next key resistance to watch is at 2718.
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.
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.
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 Gold Trade Idea👀👉 XAUUSD Gold has rallied, evidenced by this break in market structure on the four-hour timeframe. I’m monitoring for a potential buying opportunity on a retracement, as outlined on the chart. Please remember, my analyses are purely educational and should not be considered financial advice. 📉✅
XAU ! Scalping ! Buy according to the main short-term trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside.
⭐️Personal comments NOVA:
Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalping
TP1: $2665
TP2: $2678
TP3: $2688
⭐️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- Towards target after confirmation?In yesterday's post, I highlighted the high probability of an upward breakout above the 2655–2660 resistance zone. As anticipated, XAU/USD successfully broke through this key level, confirming its importance.
Following the breakout, the price reached a high near 2675 before undergoing a normal correction. This pullback was healthy for the trend, as it retested and confirmed the previously broken resistance zone (2655–2660) as new support. This successful retest reinforces the strength of the bullish momentum.
Looking ahead, my outlook remains optimistic. I anticipate a new leg higher, with the price likely targeting the 2685 resistance zone. I will maintain my bullish stance as long as the 2660 area holds firm as support. My preferred strategy is to "buy the dips," taking advantage of pullbacks within the broader uptrend.