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Gold can exit from pennant and rise to 2700 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the support line and later dropped to the resistance level, which coincided with the seller zone. After this, the price made impulse down to the support line, breaking the 2720 level, and then tried to grow, but failed and continued to decline next. Then Gold reached the support level, which coincided with the buyer zone, and broke it too, after which Gold dropped to the support line. Next, the price turned around and started to grow inside the upward pennant, where it soon reached the 2615 level and even broke it one more time. After this, XAU continued to grow until it reached the resistance level, which coincided with the resistance line of the pennant, and then turned around and made a correction movement. Price fell to the support level, some time traded near this level, and then rose to the resistance line of the pennant, but later it rebounded and fell back to the 2615 support level. Recently it started to grow and at the moment I think that the price can correct to support line and then rebound up, thereby exiting from the pennant pattern. Next, Gold will continue to grow, so, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
5
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic finish to the week with our chart levels respecting and playing out like we analysed. We tracked and traded the 1H chart all week, which was playing in a tight range, allowing us to use the weighted levels for the bounces throughout the week, taking advantage of the 30 to 40 pip weighted bounces. This is now the 4h chart that we shared on Sunday and as you can see the retracement range was tested to perfection today, clearing 2612 bearish target, followed with the bounce just like we stated, completing the week with a bag full of pips. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD → NFP may release price from consolidationFX:XAUUSD declines to 2615 and forms a false breakdown. Traders are confused as they wait for NFP and are not preparing for premature action yet, waiting for economic data... The dollar is having some trouble indicating it is ready to enter a deeper correction phase, but now it all depends on NFP and the Fed. Metal is still squeezed inside the 2660 - 2615 flat. A false break of the support forms a pullback to the liquidity sides If the NFP is below the expected 200K, the gold may go up, as it will indicate the continued cooling of the US labor market and encourage the Fed to cut rates further. But, strong NFP data could put pressure on the decision to pause the Fed's interest rate cut cycle, which could put negative pressure on the metal.... Resistance levels: 2655, 2660 Support levels: 2636, 2605 Technically, the NFP may influence the price to leave the channel, which may be accompanied by a strong impulse. The price direction depends on the immediate actual employment data.... A break of resistance will trigger a rise to 2690 A break of support will trigger a fall to 2580 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors? --- A Safe Haven in Chaotic Times During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal. Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation. --- Macroeconomic Trends Supporting Gold Prices 1. Monetary Policy and Real Interest Rates Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset. 2. Growing Demand for Gold Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth. 3. Geopolitical Tensions Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value. --- Gold in the Digital Age Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market. --- Forecast: Will Gold Hold Its Shine? Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include: - Further interest rate cuts in Europe and the United States. - Rising geopolitical and political tensions, increasing demand for protective assets. - Sustained high demand from central banks and financial institutions. In the long term, gold appears to be an excellent hedge against inflation and market volatility. --- Conclusion Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio. Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
OANDA:XAUUSDLong
by InvestMate
2
Gold prices continue their downward trend, falling from $2,710. Gold prices today continue their downward trend, trading around $2,642. This decline comes as the market braces for the release of the highly anticipated U.S. labor report from the Department of Labor, scheduled for Friday. According to a Bloomberg survey, nonfarm payrolls for November are expected to show an increase of approximately 200,000 jobs. However, remarks made by Federal Reserve Chair Jay Powell on Wednesday in New York also had a significant impact. Powell emphasized that the U.S. economy is in "very good shape," with risks to the labor market diminishing. This has raised concerns among investors that the upcoming jobs report could outperform expectations, potentially weakening gold’s outlook further. From a technical perspective, the focus is on the descending wedge channel. If sellers manage to defend the resistance levels within this channel, the downtrend may persist. The next projected targets for the sell-off are $2,605, $2,547, and $2,471, respectively. Share your thoughts, opinions, and questions—let's discuss what’s unfolding in the market!
OANDA:XAUUSDShort
by Bentradegold
3
XAUUSD H1 Short From S/R TP BEARS 2565 USD🔸Hello traders, today let's review 1hour price chart for gold. Recently price action compressed into rising wedge and then broke down currently re-test of breakdown zone in progress. 🔸Strong resistances at 2655/2665 USD, shorting from resistance is the recommended strategy right now, limited upside. 🔸Recommended strategy bears: short sell from overhead resistances near 2655/65 SL 2675 USD TP1 2600 TP2 2565 usd. usd fixed stop loss for this entry at 2675 usd, swing trade setup may take more time to hit target. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDShort
by ProjectSyndicate
10
Hellena | GOLD (4H): Long to resistance area of 2717.733.Colleagues, the previous forecast is still active, but I decided to make a new one to show in more detail what exactly is going on. I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”. Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
14
GOLD--> Consolidation. Waiting for new move to change trend.OANDA:XAUUSD mild fluctuations on Friday and a second consecutive weekly decline were recorded. Accordingly, the precious metal lost approximately 0.5% this week, after hitting its lowest level since November 26 at the start of the trading session. So, do you wonder what factors have impacted XAUUSD? Talking About Influencing Factors: The sentiment among short-term traders and technical positioning in the gold market has clearly cooled, with efforts underway to find momentum to improve sentiment in the short term. Throughout the day, gold showed little reaction to the much-anticipated employment data of the week. The latest report revealed that although job growth remains relatively stable, cracks in the U.S. labor market have begun to emerge, suggesting potential vulnerabilities. Regarding U.S. monetary policy, midweek, Fed Chair Jerome Powell noted that the U.S. economy is stronger than it was in September and adopted a more cautious stance regarding rate cuts. According to the CME Group's FedWatch Tool, with two rate cuts already this year, traders predict a 68% probability that the Fed will cut rates by another 25 basis points at its December 17–18 meeting. Theoretically, it remains unclear whether gold can sustain an uptrend as prices approach a strong resistance level. Talking About Technicals: Gold is currently in a sideways trend, so we are considering trading within the range's boundaries. Our focus is on the local channel from H1 2660 - 2615. At this point, gold is heading toward the upper zone of interest. A false breakout of the main resistance zone and price consolidation in the selling area may lead to a price decline toward the lower boundary of the sideways range. Assess, share your thoughts and questions, and let’s discuss what’s happening with OANDA:XAUUSD :))
OANDA:XAUUSDShort
by Bentradegold
GOLD / Dropped $47 and Reversed, Again Bearish MomentumGold Technical Analysis The price dropped and reached our targets 2623 and 2613 and reversed quickly, as we mentioned yesterday, Today also has a bearish momentum as long as trades below 2653 will drop to get 2623 and 2612, below 2612 will touch 2585, and we have the retest possibility to 2653. To be a bullish trend till 2661 and 2678, the 4h candle should be closed above 2653. Key Levels: Pivot Point: 2641 Resistance Levels: 2653, 2661, 267 Support Levels: 2624, 2612, 2585 Trend Outlook Bearish Momentum: Dominant as long as the price remains below 2649 and especially 2638. previous idea:
OANDA:XAUUSDShort
by SroshMayi
USOIL Will Go Higher From Support! Buy! Please, check our technical outlook for USOIL. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 67.101. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 68.230 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:USOILLong
by SignalProvider
1
PALLADIUM has started a massive 3-year rally. Don't miss it.We first published this Palladium (XPDUSD) chart exactly 4 months ago (August 06, see chart below) and it is the appropriate time to update it now: As you can see, we gave the buy signal exactly on the market bottom which was in fact a Triple Bottom. The rebound broke above the 1W MA50 (blue trend-line), a Resistance that was unbroken since the week of October 10 2022, and technically confirmed the uptrend and the trend reversal from bearish to bullish. The pattern that is carrying this uptrend is a Channel Up and in November in fact, it respected both the Higher Highs and Higher Lows trend-lines. As mentioned on that August analysis, Palladium formed the very same Channel Up after both previous major market bottoms (Bear Cycles) since the December 2008 bottom of the U.S. Housing Crisis. All Channel Up patterns (the current is the 3rd one), started after the 1W RSI formed Higher Lows against the price's Lower Lows, which is a Bullish Divergence. They broke out once the 1W RSI made the first pull-back on the Arc shapes you see on the chart, indicating a normalization on the initial buying pressure at the bottom. Obviously, this is a recurring technical cyclical pattern, formed on a 6-year Cycle. With the use of the Sine Waves we can accurately display the previous bottoms (January 11 2026 and December 01 2008) and to a fair extent the tops (we can argue that those are formed on the 3rd Lower High (red circles) on the 1W RSI Lower Highs trend-line). Needless to say, we still expect Palladium to reach at least the 'Russia-Ukraine war peak' at 3450 by mid 2026 - mid 2027. If you want to go beyond that, technically, it can extend as high as $4780, which would represent a +451.52% rise from the recent 2024 bottom. The previous two Bull Cycles rose by +533.56% and 451.52% respectively, which also represents they high degree of symmetry within Cycles. In any event, the current levels remain a unique buy opportunity on a 3 year horizon if you are a long-term investor. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XPDUSDLong
by TradingShot
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Quick report this week with the key levels to look for during the rest of the day. We had the 2630-35 region hold price down, giving us the move into the lower target regions completing all the bearish targets for the week, so now we’ll look for a similar move, or, simply stay out of it. We have the level of 2670 still active from the KOG Report, maybe they have held back all week to swoop that level, so for that reason, that is where we will look to for a RIP and possible short attempt. Circled below is a key level, 2625, any attempts at that region with rejection can give that push upside, unless broken. We did say yesterday a break of support will take us into those lower levels of 2610-15 which has already happened, so a similar move can not be discounted for a potential bounce from below. Due to the range, the movement can be extreme, so please be careful, remember the trade comes after the event, let them move price to where they want, look for a clean reversal and you can capture the reversal. RED BOXES: Break above 2650 for 2661, 2664 and 2670 in extension of the move Break below 2625 for 2615, 2610 and 2695 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
1
The plan to go long on crude oil beginsBros, today's NFP market is somewhat disappointing. Gold did not activate our limit orders during the rebound. So we don't have a good position to participate in gold trading. At present, I pay more attention to crude oil than to gold. At present, crude oil has fallen to around 66.95 and has not effectively fallen below 67. Moreover, crude oil has repeatedly turned the tide in the 67-66 area, successfully stopped the decline and successfully reversed the trend, so crude oil has now entered a strong buying area.Therefore, crude oil is currently at a very attractive price near 67. I think there will be a large influx of buying funds in this area, thus supporting the oil price to rise again. Then I think we can start to go long on crude oil in this position area! Wish us good luck! Bros, are you also bullish on crude oil 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!
TVC:USOILLong
by Trader_Marvin
SPY/QQQ Plan Your Trade For 12-05 : Harami-Inside DayToday's pattern suggests the SPY/QQQ will stay rather flat and likely close within yesterday's body range. I'm not expecting a lot of price action today - although we could see a high/low range outside of yesterday's body range. Gold and Silver are struggling to find support and rally from recent lows. The US Dollar's move back below 106 is positive for metals. But I urge traders to stay very cautious until they see a clear bullish breakaway pattern in metals. I've been trying to tell everyone for 3+ weeks that the markets typically go a bit WONKY after a big election process. This year, Trump's victory was a big surprise for many, and I'm confident traders are attempting to avoid risks by staying away from making big moves before the end of the year. Bitcoin fell back below $100k again and I believe BTCUSD could be setting up a very large Excess Phase Peak pattern. If I'm correct, we may see Bitcoin fall to GETTEX:82K (possibly $72k) as the EPP pattern continues. It is very early in this EPP price structure, but ultimately, the EPP either continues to play out or invalidates. So, one way or another, we will either see a move down to GETTEX:82K (or below) or a rally move breaking above the $103k highs. Again, I expect a very flat day for the SPY/QQQ. Stay safe. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
1