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XAUUSD Preparing for another bounce?XAUUSD with previous daily Trump's speech, market had a significant reaction that, eventually caused a pullback to 4755.00 level with series of lower high and lower low. However, as from multiple timeframe perspective, it is a longer term bull market, there is breakout of the lowertimeframe trend line with today's Tokeyo sessions move price may eventually breaksout again ? as so far there is a cross over of 20ema and 10ema on 30min which signal potential change of lcal downtrend to local uptrend.
FOREXCOM:XAUUSDLong
by ForexWizard01
2
Jan 13 - Gold has the potential to fall 500 pips.Yesterday, I analyzed that the price would move to the Fibonacci cluster in the 4600-4640 area. The price held at 4620, and now a correction is likely... there's a chance we could gain 500 pips or more. I used M15 for my analysis and looked for retracement areas with the Fibonacci retracement. There's also demand at the 0.618 Fibonacci level, which is likely to be responded positively, and the right gap is at the 0.5 Fibonacci level. You can prepare an entry area that you deem appropriate with an appropriate risk-reward ratio.
OANDA:XAUUSD
by AdrianDeBil_LogicTrader
TheGrove | GOLD BUY | Idea Trading AnalysisGold remains overall bullish, trading within a well-defined ascending structure. Price is now approaching a high-confluence area, where the demand zone aligns perfectly with the lower red trendline. This intersection is critical, as it represents a classic trend-following buy zone within a healthy uptrend. As long as this zone holds, we will be looking for bullish reactions and continuation setups, aiming for a move back toward the upper side of the channel and the previous highs. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDLong
by TheGrove
14
Gold Hits ATH Before Christmas — Is a Correction Coming?🎄🎄🎄 Merry Christmas, Traders! 🎄🎄🎄 Wishing you a joyful Christmas filled with good vibes, calm markets, tight stop-losses, and charts that respect your levels😄. May you spend this season with your family, loved ones, and everyone who truly matters — away from stress, noise, and overtrading. Enjoy the holidays, protect your capital,and come back refreshed for the new trading year. Best wishes to all my followers — thank you for being part of this journey ✨ ----------------------------- Historically, Gold has not printed all-time highs during the Christmas period. Most ATHs have occurred during macro stress events, not holiday sessions. As we approach Christmas, the market typically sees: Lower trading volume Reduced institutional participation More range-bound and slower price action This period is usually characterized by consolidation or mild directional moves, rather than strong breakouts. Important trends and decisive moves in Gold often emerge after the holidays, when liquidity returns and institutional positioning resumes in early January. ----------------------------- Currently, gold is moving near a resistance zone($4,506-$4,494) and, over the past few days, it has consistently formed new all-time highs (ATHs). From a classic technical perspective, gold, after experiencing a strong decline in momentum yesterday, seems to have formed a symmetrical triangle. A break below the lower line of this triangle could lead to a short-term downward movement for gold. From an Elliott Wave perspective, it appears that gold has completed wave 5, and we should now expect corrective waves. Given the intensity of the downward momentum, these corrective waves could be quite significant. I expect gold to decline from the resistance zone($4,506-$4,494) and the lower line of the symmetrical triangle, at least down to the support zone. Considering the approach of Christmas, trading volume is likely to be low, so larger targets might be more relevant after the holiday season. First Target: Support zone($4,478-$4,466) Second Target: Support zone($4,43-$4,426) Stop Loss(SL): $4,514 Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 15-minute time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDShort
by pejman_zwin
36
XAUUSD may drop 500 pip to weekly support!Market open with little higher on GOLD and volume has from bears to drive the price below in the first session to 4040.00 signaling potential break of daily support and move back to weekly low. If we see the structure, it is more of strong multiple liquidity grab of the resistance level showing possible liquidity sweep by sellers giving a high probability for the market to continue to drop weekly low at 4000 level. We are on a sell trade at 4055.00 and execting to drop t below 4022.00 or lower. Drop a comment if you have questions and follow for more updtes!
FX:XAUUSDShort
by ForexWizard01
Ending US G. shutdown could bring GOLD to daily support?US government shutdown has slowed longer term trend on XAUUSD with 2 weeks of bearish move finally formed an weekly inside bar which is the lowest volatity in the last 12 weeks! however, as there is bearish rejection, with potential ending of shut down could lead GOLD to drop again to the daily support to 3885.00 or lower? as 3 weeks price action is showing a continued bearish move, any break from the weekly high, price may bring the price back below the weekly low which potentailly create a lowertimeframe bearish trend. Therefore, weekly high is to watch for possible rejection, once price rejects, once down trend coinfirms, we will be looking for sell set up to daily support level.
FX:XAUUSDShort
by ForexWizard01