Gold's critical $2,650 zone: Is the breakout close? [Weekly …

Dec 1, 2024 · Sentiment: Gold is in neutral territory with a slight bearish edge, hanging around key moving averages (10, 50, 100, 200 SMAs). While it’s climbed back above the 50 SMA, it’s still …

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Gold's Critical $2,650 Zone: Is The Breakout Close? [Weekly …

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substack.com

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Gold Under Pressure: Why $2,650 Level Is Crucial For Bulls [Weekly …

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Dec 22, 2024 · In this week’s update, I’ll: Decode the technicals: pinpoint the hidden technical clues that could signal a sudden breakout—or a ruthless selloff. Unpack the global data: …

substack.com

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The Gold Trader | Joseph | Substack

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Full-time gold day trader for 12 years. Ex US Ambassador in Zimbabwe. Weekly intelligence-level reports on XAU/USD. ... Gold's critical $2,650 zone: Is the breakout close? [Weekly XAU/USD …

substack.com

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Gold Stands Firm Near $2,650 Hurdle; Modest USD Strength

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Dec 9, 2024 · Gold price bulls await breakout above short-term trading range hurdle near $2,650-2,655 area From a technical perspective, any further strength above the $2,648-2,650 supply …

fxstreet.com

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Gold (XAU) Silver (XAG) Daily Forecast: Can FOMC Minutes Trigger …

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Jan 8, 2025 · Gold prices hover near $2,649.07, with a breakout above $2,650 signaling bullish momentum. Silver struggles below $30.31, facing resistance at $30.73. FOMC Minutes remain …

fxempire.com

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After The Fed Cuts Bigly, Gold Gets Comfortable Above $2600

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Sep 20, 2024 · The Gold Futures cup & handle technical breakout target is $3000, and after reaching its first primary Fibonacci target at $2461, the next Fibonacci target is at $3336 based …

kitco.com

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Gold Futures: Decisive Breaks And Key Levels To Trade

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Feb 13, 2024 · For the weekly chart, the critical zone to maintain a bullish bias is above $1834.2. The daily chart’s key level is the wedge’s resistance near $2080; a bullish breakout here could …

oneuptrader.com

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Gold: Rebound At Key $2,650 Support Likely Amid Lack Of Follow …

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Oct 15, 2024 · A weekly close below this level may signal a correction, with potential drops to $2,580 and then $2,520. Disclaimer: This article is written for informational purposes only.

investing.com

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Gold Holds Steady Above $2,650; Going No Where In A Hurry

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Dec 17, 2024 · Gold’s price recovered initial weekly losses and edges higher for the second day in a row, approaching the $2,700 mark of broad US Dollar's weakness. Risk appetite limits …

fxstreet.com

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Gold Price Analysis: Is $2,600 Breakout A Bullish Signal Or A …

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Nov 19, 2024 · Immediate resistance rests at 2639 and 2650 before the longer term zone around 2673 comes into focus. On the support side, we have potential support resting at 2624 and …

actionforex.com

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Gold Dips Below $2,650: Is The Next Big Move Coming Soon?

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Jan 8, 2025 · The metal faces immediate resistance at $2,665, while stronger upside hurdles are seen at $2,680 and $2,700. On the downside, the $2,637 EMA aligns with immediate support, …

fxleaders.com

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Gold (XAU) Daily Forecast: Will $2,626 Pivot Spark A Breakout Or ...

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Nov 19, 2024 · Gold is poised near $2,622, with $2,626.46 acting as a pivot. A breakout could test $2,644, while failure risks $2,608 support. Federal Reserve comments remain critical for …

fxempire.com

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Gold Hits $2,590 – Will Bulls Take On $2,630/$2,650 Or ... - FXStreet

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Sep 16, 2024 · Gold digs its heels at $2580 after reaching new record $2590 . ... Next resistance eyed at $2,630-$2,650. ... Prolonged consolidation followed by strong breakout above …

fxstreet.com

FAQs about Gold's critical $2,650 zone: Is the breakout close? [Weekly … Coupon?

What is the gold futures cup & handle technical breakout target?

The Gold Futures cup & handle technical breakout target is $3000, and after reaching its first primary Fibonacci target at $2461, the next Fibonacci target is at $3336 based upon the depth of the 2011 to 2015 pullback. On the downside, gold under $2500 would be troublesome, while gold moving below $2300 could suggest the rally is over. ...

Will GDX & gdxj breakout?

The GDX is consolidating around 4-year resistance at $40, while GDXJ is doing the same near 3-year resistance at $49. A weekly Comex close this afternoon in Gold Futures above $2650 would set up a breakout above both critical resistance levels, targeting $50 in GDX, and $60 in GDXJ before year-end. ...

Are gold futures bouncing?

Currently, Gold Futures are trading near the bottom of the wedge and seem to be bouncing after a small test last week. Hourly Chart Analysis of Gold Futures We can observe that the pivot point at $2046.4 is acting as an immediate hurdle for the bulls. ...

Is the gold futures market consolidating?

Weekly Chart Analysis of Gold Futures The weekly clearly shows the market is consolidating. The Fibonacci retracement levels from the recent swing high and low indicate that the price is hovering around the 100 level (previous all time high). Bulls still need to see a decisive break above this in order to continue with the ...

What is a daily chart analysis of gold futures?

Daily Chart Analysis of Gold Futures The daily chart presents a wedge pattern formation, which typically signals a continuation or reversal depending on the breakout direction. Currently, Gold Futures are trading near the bottom of the wedge and seem to be bouncing after a small test last week. Hourly Chart Analysis of Gold Futures ...

Did the Federal Reserve cut a 50-basis point rate on Wednesday?

Featuring views and opinions written by market professionals, not staff journalists. Going into what was arguably the most highly anticipated week of the year, and possibly the most pivotal moment in U.S. monetary policy history, the Federal Reserve began an expected easing cycle with a 50-basis point rate cut on Wednesday. ...