[Edikan Matthew]

Gold rejecting at the 1 hour supply zone, enter the trade with low risk, let’s see how it plays out

[Edikan Matthew]

Gold bouncing on it’s 1 hour supply zone, I believe there’s a high probability that this hits full take profit, let’s watch out and see, manage your risk

[Rafe]

XAUUSD:- My forecast on Gold is below:

There is strong support for Gold @ $2308.00 and stiff resistance @ $3000.40.

The near term flash points are at $2654.20 & $2677.28 respectively.

I expect a lot of profit taking at $3000.40 and a strong collapse from that level at see some buying at $2654. Any short breaches above $3000.40 level can be shorted for humongous returns. At $2308 I expect to see massive buying by central banks around the world. However, if the momentum is stronger at $3000.40 then I’ll redo my analysis and update it accordingly.

 

GL GT

[Anonymous]

gold has just bounced off it’s 3 minutes demand zone, hopefully we hit take profit here, this is a high probability trade

[GVI Forex 2]

Using my plaform as a HEATMAP — USD up vs all but JPY and CAD about unchanged, AUD lagging, GBP the underperformer, EURUSD breaks below 1.02

USD up but uneven (USD JPY an exception)
US 10 year yield Up (near 4.80 %)
US500 Down
Gold About unchanged
Crude oil UP
BTCUSD Down

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports : 2660.00, 2640.00 & 2620.00

Resistances : 2680.00, 2695.00 & 2735.00

As proven time and time again , my “Historical” trend lines and angles are working perfectly.

But what does it mean ???

Well, if Gold manages to go over 2735.00 in coming days, we should be seeing new Rally in which case Target is in 3.000 area.

But if not, it is going to be a prolonged correction, lading all the way to 2320.00

[GVI Forex 2]

XAUUSD 4 HOUR – GOLD WAKING UP

NEEDS TO STAY ABOVE 2650 TO KEEP A BID AND THEN FIRMLY BREAK 2665 TO EXPOSE A VOID UNTIL 2725.

[GVI Forex 2]

NEWSQUWK US OPEN

US futures gain modestly, USTs contained into data & supply

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses are mixed, US futures gain slightly.

USD remains soggy vs. peers, EUR digests CPI metrics, Antipodeans lead.

USTs are contained into data, EGBs lift slightly on HICP, Gilts lag.

A choppy start for crude while spot gold benefits from the broadly softer Dollar.

Try Newsquawk for 7 Days Fre

[GVI Forex 2]

Using my platform as a Heatmap shows the USD lower vs all but the JPY, so you can see what cross flows are helping to drive the price action today.

To suggest anything more than typical start of year trading, EURUSD 1.0375 and/or GBPUSD 1.25+ would need to be regained.

USDJPY 158 remains pivotal as above it opens the door for 1.50.

US stocks up, bond yields up (ust a few bps) , GOLD down

How markets end tge week will be more important than how they start out.

[Idris Sagamu]

weekly outlook gold

[Idris Sagamu]

same gold using gann fan

[GVI Forex 2]

Using my platform as a HEATMAP shows the following

Outperformers (green arrows)

AUD

NZD

JPY

Underpe4rformers (red arrows)

GBP

Also US stocks up, GOLD up, BTC up

Opening day of the new year often sees profit taking vs fresh positioning.

[Mtl JP]

I am reminded of Louis L’Amour’s western tale: “Trap of Gold”

[GVI Forex 2]

As I noted today would likely be driven by thin liquidity, book squaring and position adjustments ahead of the holiday week. GBP and JPY have been beneficiaries, EUR, stocks and GOLD as well.

[Anonymous]

Quick intraday trade on Gold, it’s at a major resistance level and price action is showing bearish patterns I believe the trendline will not hold and if that happens price should hit full take profit at 1:2 RR, so far Gold has been very bearish since the FOMC meeting

[GVI Forex 2]

All about positions, first before the hawkish Fed and then the not hawkish BOE

Positions getting squeezed

Long GBP (e.g. short EURGBP)
Long BTCUSD/Cryptos
Long Gold
Long Stocks
Less short EURUSD (meaning less ability to absorb selling)
Apparently long JPY

Markets don’t move this way when they get it right

Those who got blown away will pack it in for the holidays

Those who made out okay will bank their winnings and try not to give it back

Bottom line buy USD dips especially if there is a correction earlier in the day like today

Beware of further liquidations if those with vulnerable positions look to square up, which is typical at this time of year, ahead of a thin Xmas week.

[Anonymous]

After price took out the liquidity on the H4 swing low on Gold, it has broken above that level and it’s rising steadily. I believe there’s a good opportunity for a quick 1 to 2 RR trade here. I’m risking 1% of my account here to make 2%. Risk management is key to success. I believe price will take out that short term swing high

[Anonymous]

My sell idea worked out for Gold, there was a minor support there, building up liquidity as seen on my post earlier, as soon as price took out that zone, I was very confident that we will see massive sells, 35% up on my account in a day, without breaching the 5% drawdown.
I think I would be topping the leaderboards if there were one 😉

[Anonymous]

Straddle trading idea, we have got the highly anticipated FOMC news by 8pm GMT+1, Gold is reacting to a key level on the H4 timeframe, above we have an intermediate swing high that price is very likely to be drawn to, but if that support zone fails, I believe price will go down and sweep the nearest swing low. There will be a lot of volatility, and statistically, straddle trading techniques are the most efficient for extremely volatile price movements

[Idris Sagamu]

good morning everyone
going long on gold

on 4 TF gold was on a key former reisistance turning to support
and uptrend using AT ladder