FOREXRSMV

Gold (XAU/USD) is currently trending toward a key support level and a liquidity zone. The market opened significantly above this area, and now appears to be gravitating toward the 3275 zone, which we’ve identified as a critical target area.

Locally, on the hourly XAUUSD timeframe, we can clearly see how the price is breaking out of the uptrend, thereby triggering a downward impulse. Resistance levels: 3325, 3343Support levels: 3303, 3275The liquidity level of 3300 could act as a magnet for the price, from which a correction to the resistance of the range of 3325 could form (liquidity hunt), but due to the change in the fundamental background, gold may continue its correction to 3275 (support zone) before a possible continuation of growth..▶️📌gold may continue its correction to 3275 - i will hold my sell entries to 3276I will place my sell entries range 3305 3302 SL 3308TP 3276

Technically, the price is in consolidation 3085 - 3067. Friday's session closing is promising enough, as the session closes almost at the peak (ath). Thus, we can assume that there may be an attempt to break the resistance in Asian/European session and if the bulls keep the price above 3084, gold may continue to rise to 3094 - 3105.

Technically,the coin shows negative, bearish dynamics, forming gradually declining highs without the possibility to approach the retest of local peaks.Bitcoin and digital assets are increasingly correlated to macro factors, so be sure to protect your portfolio from volatility as the market approaches a rate decision .

The price is still in consolidation.Now we need to watch for the reaction to the mentioned area :-(66838-66000-64766 Support ). If the bulls hold, then the price will head towards the resistance. But, most likely, the market has not yet accumulated the proper potential and the price may go deeper and test the support at 64500 before going up. But, there is no talk about a crash or a global fall now.

XAUUSD tested the $2,070 mark on Friday before retracting from the day's opening price. With the Federal Reserve's key interest rate at its highest in 22 years, the market eagerly anticipates the Fed's initiation of interest rate cuts. The diminishing inflation in the United States is fueling investor hopes for a swift reduction in interest rates by the Fed in 2024. The U.S. Core Personal Consumption Expenditure (PCE) index for November rose by 3.2% year-on-year, slightly below the market forecast of 3.3% and a further decrease from the previous period's 3.4% (adjusted down from 3.5%). Spot gold surged over 1.10% on Friday, rallying from below to above $2,070 in a last-minute price increase before hitting resistance and reversing to the opening level near $2,050. Support 2045 2036 Resistance 2063 2072 2085 XAU/USD's intraday movements have seen strong performance towards the end of the year. The medium-term target may be the support area below 1975. The market may test the support of the global price channel before further growth. At the moment, the priority of forces is for the bulls, as there are a number of nuances and patterns that point to this.

XAUUSD IDEA XAUUSD is breaking the price channel support. But actual, the price is still inside consolidation. The market calms down a bit after the strong excitement and goes into a state of waiting for news from the USA Metal price temporarily detached from DXY on the background of strong interest, capital inflow related to the crisis. Now the market is stopping and forming correction, as the trend cannot continue permanently, the market should rest, gain volume and liquidity. On the background of news, the price can go even lower, but again, if it will be positive news for the dollar. In this case, the correction of gold may continue to the area of 1975, which hides the volume of liquidity, as well as the target may be 1964 and even 1952. (These areas are interesting for big buyers). I continue to wait for the continuation of growth, but before that the market may go down a bit (to remove from the market the unnecessary passengers, to collect liquidity and then continue the growth). The risk point that holds the market back from a more protracted decline is 1964.4-1953.6. Support levels: 1978,68, 1974.7, 1964.4 Resistance levels: MA200, 1984.4, MA50 I assume that the price will continue consolidation for some time. Movement will be carried out from level to level. Against the background of the news we should expect a surge in volume and achievement of the local target.

GOLD continues to form a descending price channel. On Thursday a candlestick pattern is formed indicating the imbalance of forces in favor of sellersThis week is published quite a lot of interesting news. It is worth paying attention to: • 1) Core Retail Sales (no data, the previous ones were bearish) • 2) Retail Sales (expected to strengthen) • 3) CPI (expected to decline) • 4) FOMC Meeting Minutes • 5) Initial Jobless Claims (no data, previous ones were bearish) • 6) Fed MI From a technical analysis perspective, gold is approaching the strong 1903-1900 liquidity area. Last week's session is closing very close to local lows, which can be interpreted as the market's willingness to continue to gain momentum for further declines. A strong bearish trend dominates the market. Local support: 1912.5, if this line is broken, an impulse to 1900 is possible, but a rebound should be expected from the mentioned support, most likely a rebound may follow during the news.

🔽⏰GOLD is testing the indicated target support at 1912.7. A false breakout is formed and the market reacts with a rebound to the false breakout of the liquidity area The price is testing the resistance of the next bearish channel. There is a possible reaction in the form of a fall from the resistance and at the same time, the price may test the resistance area above, there is no sense to talk about a change of trend and global growth now, I stick to the fact that the fall in the medium term will continue. For us an important resistance area, in a bear market, will be the zone: 1919.6, 1923, 1932 Moving averages act as resistance, the price is already testing MA-50 in the format of a false breakout. 📌Resistance levels: 1919, 19223, 1932 📌Support levels: 1912.7, 1903 I expect the price to fall along the trend from the resistance areas. Strong bearish trend dominates the market.

XAUUSD GOLD is testing a key liquidity area after breaking triangle support. The price updates the global lows and confirms the presence of an ongoing bearish trend The price fails to reach the support at 1912.7 and forms a rebound. Most likely the target of 1912.7 is still valid, but before the support is retested the market needs more liquidity and for this purpose a correction is formed to retest the previously broken level. The price is heading towards the triangle pattern. The line of 1922.5 can be tested, or the price can go a little further, for example to 1927.5 or to 1932. It is impossible to talk about global growth now, the price is in a strong falling movement and continues to update the lows. We are looking for strong resistance areas to sell. Resistance levels: MA-50, 1923.5, 1927.9 Support levels: 1915,5, 1912.9 , 1903.600I expect the decline to continue after the retest of these resistance levels. Bearish trend reigns on the market. If the market didnt break 1912 zone Bullish movement will start estimated Target zone is 1952.200