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Gold is in RangeAs per TPO chart on gold for 30 Min: Market Sentiments looks like the market is trying to find its base after that sharp drop we saw last week. There's been some buying interest as the price has started to stabilize a bit higher, but the ups and downs show there's still some uncertainty in the air. We have seen multiple rejection from 30-35 area and the dip from this range might suggest a bit of short-term bearishness, but since we're still close to the normal trading range(2620-40 Now), it's not too alarming.
OANDA:XAUUSD
by TheGoldenCircle
Building Emotional Intelligence in Trading: Your Edge for 2025 Emotional intelligence (EQ) is often the unsung hero of successful trading. It involves understanding your emotions and those of others to enhance decision-making, manage stress, and navigate the often tumultuous financial markets. Here's how to leverage EQ to improve your trading outcomes in the coming year: 1. Self-Awareness - Know Your Emotional Triggers: Concept: Recognize what emotions drive your trading decisions. Are you prone to fear, greed, or overconfidence? Application: Keep a trading diary where you note not just your trades but your emotional state before, during, and after each transaction. This can reveal patterns in how emotions affect your trading. 2. Self-Regulation - Control Impulsive Reactions: Concept: Manage your reactions to market movements to avoid knee-jerk trades. Application: Set pre-defined rules for when to trade and when to step back. Use techniques like deep breathing or stepping away from the screen to calm down during high volatility. 3. Motivation - Stay Driven by Your Goals: Concept: Use intrinsic motivation to keep your focus on long-term goals rather than short-term gains or losses. Application: Define clear, long-term trading objectives and remind yourself of these goals when facing setbacks. Celebrate small wins to maintain motivation without becoming complacent. 4. Empathy - Understand Market Sentiment: Concept: Gain insight into how others perceive the market, which can be as crucial as technical analysis. Application: Monitor market sentiment through news, social media, and community discussions. This broader perspective can help you anticipate market moves based on collective behavior rather than just individual analysis. 5. Social Skills - : Concept: Build and leverage relationships with other traders for mutual growth and support. Application: Engage in trading communities, share your insights, and learn from others. Networking can provide emotional support, new strategies, and a sense of belonging which is vital during tough market conditions. Practical Steps for Enhancing EQ in Trading: Regular Reflection: Dedicate time weekly to reflect on your emotional responses to trades. What went well emotionally? What could be improved? Mindfulness Practices: Incorporate mindfulness or meditation into your routine. This can aid in maintaining focus and managing stress, both critical in trading. Emotional Check-ins: Before making a trade, do a quick emotional check. Are you feeling pressured, excited, or calm? Adjust your approach accordingly. Scenario Planning: Visualize different market scenarios and your emotional responses to them. This mental preparation can help in real-time decision-making. Continuous Learning: Read about behavioral economics or psychology related to trading. Books like "Thinking, Fast and Slow" by Daniel Kahneman can offer profound insights.
OANDA:XAUUSD
by TheGoldenCircle
Gold is currently stuck in Sideways range The 4-hour gold chart shows a consolidating price around 2600-2,630 area, following a downtrend and a slight recovery attempt. Key support lies at 2,600 as a psychological level, with resistance around 2,650 for a breakout confirmation. F or intraday trades, the bias is neutral, Swing traders should wait for a breakout above 2,650 for a move toward 2,700+ or a breakdown below 2,600 for a drop toward 2,550. The market appears indecisive, so focus on quick trades until a clear direction emerges. On daily TF The chart is in a clear uptrend , with higher highs and higher lows. the price finding support around the 2,600 level: This suggests the market is in a retracement phase, potentially gearing up for the next big move and we need to wait for potential buying opportunity soon within 1-2 weeks in January after confirmations.
OANDA:XAUUSD
by TheGoldenCircle
Gold : Almost flat in Holiday weak Gold price is now trading in structure like a bearish flag, which usually means it might not be done falling yet. Right now, gold's hanging out around 2,619-20, near to weekly pivot point " If price decides to break out below this flag, it's probably going to keep sliding down, looking for support at lower levels. If by some chance it decides to pop up, it'll have to fight through some resistance to keep climbing and the main resistance that we have to watch in higher side is 2650 for bullish continuation. Given that it's the holiday season, it makes sense that the price is just chilling out, moving sideways with not much action going on.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold is in range : Current Price Action and Intraday Levels We have seen a recent downtrend (Short Period )after hitting a peak. The price has fallen below the previous support area and consolidation range (highlighted in yellow),and currently consolidating (In grey Box)suggesting sideways to bearish momentum. However, the consolidation could also imply that the market might be looking for direction (Wait for break in any direction). Current Price Action: Gold is currently priced at around $2,624.235, which is slightly above the pivot point (P) at $2,624.000. The price has shown a recent decline from the high of around $2,673.453, indicating a bearish sentiment in the short term. Resistance Levels based on Weekly Pivots: R1 is at $2,664.085, which was recently tested and acted as resistance. If the price moves up, this level could act as a resistance again. R2 at $2,704.560 and R3 at $2,744.645 are further resistance levels to watch if there's a strong bullish move. Support Levels based on Weekly Pivots: S1 is at $2,583.525, which is quite close to the current price. If the price breaks below the pivot point, this could be the first support level to watch. S2 at $2,543.440 and S3 at $2,502.965 are deeper support levels where buyers might step in. As discussed in weekly analysis video I am currently waiting for a swing buy opportunity ; and waiting for Lower level in 2550-2530 or Low area , or need confirmation above 2650 if price want to move directly in higher side without testing the lower levels .
OANDA:XAUUSD
by TheGoldenCircle
Gold Prices Drop Under Pressure From US Economic DataOn the 4-hour chart, gold prices have just experienced a sharp decline, currently trading around $2,602/ounce, after falling sharply from a recent high of $2,659/ounce. This weakness comes from the stronger-than-expected US retail sales data, reaching 0.7%, increasing the possibility of the Fed delaying its interest rate cut plan. Currently, gold prices have fallen deeply below both the 34-EMA and 89-EMA, indicating that the short-term downtrend is dominant. The nearest important support zone is located at $2,580, and if this level is broken, the price may continue to decline to the $2,550 area. On the contrary, the current important resistance zone at $2,620 will need to be overcome to create recovery momentum. I believe that gold prices will continue to face downward pressure in the short term, with the possibility of testing the support zone of $2,580. However, the upcoming FED meeting will play an important role in determining the long-term trend. Investors should carefully monitor the signals from the market.
OANDA:XAUUSD
by lilybyred
Gold Still Looking weak Gold prices have shown weakness, with the market currently positioned below key resistance levels, suggesting a bearish outlook in Intra day. The immediate resistance is seen at the previous support level around 2620-2625, which may act as a psychological barrier for the price to overcome. Immediate Resistance: 2620-2625 - This level has previously acted as support but now could serve as resistance. A move above this could signal a potential short-term recovery. Immediate Support: 2588 - This level corresponds to the close on FOMC day, representing a critical support area where buyers might step in if the price tests this level again. If gold fails to hold above the FOMC day close, there's a risk of further downside also 2580 level acting as a key trendline support, where a failure could lead to more significant declines. The next significant support to watch is around 2568 or a potential move towards 2569 (Fib extension 0.618) if current trends persist, and further levels down to 2537 (November's low), which is a high volume node where buying interest might re-emerge. A break below this could lead to further declines, targeting lower supports; For a bullish signal, gold would need to convincingly close above 2650 if it reverse without breaking 2588 on day close.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold on FOMC DayGold price is still looking weak technically and price is failing to claim weekly pivot(2667) in last two trading days of this week; For FOMC my view is still same , means I am expecting one ore leg down and in lower side we have to wait rejection at weekly S1(2608 or 2600 area) or 2568 / 2530-35 Levels for low in December for buying opportunities ( Expecting a low around 22-26 December) Also in higher side price need to claim 2700 area if price move in bullish side directly today after FOMC to re claim the bullish continuation.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold after FOMCAS EXPECTED , in previous post on gold the price was looking weak and after FOMC we have seen a decent correction in alignment with that view , on daily time frame price breakdown two supports I.e., 2620 and 2600, as you can see on the chart the price is now bouncing from lower TF oversold areas but still looking weak, next support as per weekly pivot is at 2568 and then 2530-35 area, As I am waiting from last week for this area for potential bottom in December so that I can plan a swing buy trade from this area. As per current PA ,last day candle is good bearish candle so there is no confirmation of any buy opportunity right now so it's better to wait for more confirmation from lower levels before entering in swing buy .
OANDA:XAUUSDShort
by TheGoldenCircle
GOLD TRDAING POINT UPDATE ? > READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade list time poat analysis hit My target 2722 Fvg level if breakout up trand but rejected oderbolk going to back down trand Now Gold well recover it 2665 support level Traders close below 👇 that level next target 2607 2481 but I will see now 2665 ✊ wait for breakout. Following That Target 🎯 👏 Small target we'll See 2665 To recover it 2786 back down 👇 Resistance level 2718 + 2728 Support level 2671 -2665 2607 2481 Support 💫 My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎯
FXOPEN:XAUUSDShort
by SMC-Trading-Point
Accumulate - Coal India at 400Details: Asset: Coal India Limited (COALINDIA) Current Level: Near 52-week low at 400 Support Zone: Around 400 Potential Target: 540 Stop Loss: Below 400 or as per risk tolerance Timeframe: Medium to long-term Rationale: Coal India has witnessed a head & shoulder breakdown, pulling the stock to its 52-week low near 400. However, this zone appears to be a strong support level, providing an attractive accumulation opportunity for long-term investors. If the stock reverses from here, it could target 540 in the coming months. Market Analysis: Technical Setup: The 400 level has historically acted as a strong support zone, and a rebound from this level could signal the start of a recovery. Fundamental Perspective: As a key player in the coal and energy sector, Coal India remains fundamentally strong amidst rising power demand and infrastructure needs. Sentiment: The oversold condition at this support may attract buying interest, leading to a reversal. Price Target: Medium-term: 540 Risk Management: Set a stop loss slightly below 400 to minimize downside risk if support breaks. Timeframe: A move toward 540 is expected in the medium to long-term, depending on market sentiment and sectoral developments. Risk-Reward Ratio: Favorable setup for accumulation, with a defined support level at 400 and significant upside potential toward 540. Investors are advised to monitor price action near the 400 level, along with volume and broader market cues, to confirm the reversal before accumulating further.
NSE:COALINDIALong
by CyborgTradingHub
Gold started the week in almost Flat day After a relatively flat day yesterday, the price is still holding above last week's close of 2648 on higher time frame, and waiting for FOMC day, this kind of flat movement after good decline generally turn into consolidation for short period as everyone want to see the data first. Given the current position above last week's close, immediate support could be found around the 2648-50 area. If this level holds, it could provide a foundation for any potential bullish moves. breakdown from this zone can resume the decline towards weekly S1 2608 -2600 area or low. As discussed in previous posts I am still without any entry and waiting for buying confirmation after or during the FOMC day ..Till then it's a waiting and watching scenario.
OANDA:XAUUSD
by TheGoldenCircle
Gold in FOMC weekGold now under sideways area as marked on chart and for this week price opened under weekly pivot (2667) ; we have seen two days of good decline in last week closing. Personally I want to see more corrections towards 2610 and then 2530 area for potentials bottom for December , breakdown from 2530 on daily / weekly can open room for decline. In case of bullish scenario after FOMC price need to re claim 2790 and then we can expect bullish continuation towards 3000. As during year end markets can be a wild ride , and for this week we have high impact data releases and risk are very high , focus on risk management and try to trade on double sure entry ; I am also waiting for swing opportunity from last week and expecting that we can find this swing by this weekend.
OANDA:XAUUSD
by TheGoldenCircle
GOLD TRADING POINT UPDATE CPI ? > READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade But today high News 🗞️ Of CPI USD Fundamental Analysis update 160.684. running Now Trading point DXY recover up trand 108:000. Gold already take if breakout short trend 📉📈 2703 Teach. Short recover quickly 2674 pullback up trend 📈 Next target we'll see 2722 That Fvg level. I think 💬 buyers will take care that level Breck out Next easy to see 🙈 2789 wait for CPI USD deita ? Focus analysis break and support level 💫 Now small target 2722 Fvg level back Short 2672 If breakout 2650 level analysis target 🎯 2536 Resistance level 2722+2789 Support level 2674 -2668 2613 Support 💫My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎯
OANDA:XAUUSDLong
by SMC-Trading-Point