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World gold price todayGold prices continued to weaken today due to stronger-than-expected important US economic news. The US retail sales report for November showed an increase of 0.7%, 0.2 percentage points higher than the forecast increase of 0.5%. This information made some gold investors worry that the FED may postpone the 0.25 percentage point interest rate cut after the end of the monetary policy meeting in the early morning of December 19. Since then, many people have temporarily stopped trading gold. On the other hand, gold is also likely to have limited purchasing power due to some forecasts of rising inflation in the US, a slowing labor market..., prompting the FED to stop cutting interest rates early in 2025. At that time, the USD could increase in value very strongly, negatively affecting the world gold price trend. The question now is whether the Fed will be more hawkish or dovish than the market has been expecting. Investors are now expecting the Fed to be more cautious in easing monetary policy, given the impact of Donald Trump’s agenda on inflation.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Swing thesis by Titan_Karma (low % of confidence lvl)Investment Thesis Market Overview: The cryptocurrency market is currently quiet, with no significant news driving sentiment. This leaves Bitcoin (BTC) dependent on technical and financial indicators for direction. Traders should adopt a cautious approach and stay updated for any developments that could shift momentum. Market Sentiment Analysis: Bullish Long-term Sentiment: Over the past month, an increase in long positions indicates confidence among top traders. Short-term Weakness: 1-hour and 4-hour timeframes reveal a shift towards short positions, signaling bearish sentiment in the immediate term. This mixed outlook suggests the possibility of short-term pullbacks while maintaining an overall positive trajectory. Technical Analysis: Daily Chart: Indicators like the RSI and Stochastic Oscillator are in overbought territory, hinting at a potential pullback or consolidation. However, the MACD remains positive, showing that bullish momentum is still in play. Short-term Timeframes (1h & 4h): RSI levels are near neutral, and the 1-hour MACD has turned negative, signaling possible weakness in the short term. Traders should monitor these indicators closely for trend changes. Fundamental Analysis: BTC has shown strong upward momentum over the past few months, backed by rising trading volumes and sustained market interest. However, the absence of fresh news and current mixed signals warrant caution, particularly around potential resistance levels. Risk Management Strategy: Given the conflicting signals: Stop-loss: Tighten stops at $104,000 to lock in profits. Take-profit: Aim for $110,000, based on key resistance levels. Key Indicators: Watch the RSI and MACD closely for any signs of trend continuation or reversal. Trade Recommendation: The recommendation is to HOLD/BUY, focusing on the longer-term bullish trend while managing short-term volatility. Confidence remains moderate at 78%, reflecting mixed sentiment. Adjust stop-loss and take-profit targets based on real-time market developments to optimize risk-reward.
Long
by titankarma
BTC/USDT SHORT TERM TARGET AND IMPORTANT SUPPORT LEVELS!!!Bitcoin's surge towards $112,000 excites investors, but caution is warranted. Strong weekly closes fuel optimism, yet corrections loom. Support levels at $92,690, $92,551, $83,470, and $74,541 offer potential buying opportunities. The 5EMA suggests short-term strength, with prices above the moving average. However, this rally presents a problem for altcoins. Bitcoin's non-bearish dominance stifles their growth potential. Typically, altcoins thrive when Bitcoin's dominance wanes or stabilizes. This creates a dilemma for diversified crypto portfolios. The solution? Monitor Bitcoin's dominance closely. A shift could spark altcoin momentum. Meanwhile, focus on Bitcoin's journey, using support levels as guideposts. If breached, watch $55,017 for a possible trend reversal. Adapt strategies as market dynamics unfold.
by PROFITPULSE10X
Gold price forecast December 17, 2024World gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%). The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year. Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market. This medium-term upward trend is mainly driven by new economic policies, including deeper corporate tax cuts and increased tariffs on imports to the US. These policies could cause inflation to increase in 2025 and beyond. Wong also highlighted that real yields on the 10-year note have rebounded sharply after testing the 1.9% support level last week. If it increases to 2.29%, the opportunity cost of holding gold will be higher, making gold less attractive to investors.
OANDA:XAUUSD
by FalCol_TradingMaster
Unlocking USUALUSDT: The Data That Tells the Real Story - Usual◳◱ On the BINANCE:USUALUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.9028 | 1.0877 | 1.4627 and support near 0.5278 | 0.3377. Entering trades at 0.8451 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Usual ▣ Rank: None ▣ Exchanges: Binance, Gateio ▣ Category / Sector: N/A ▣ Overview: Usual project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Current Price: 0.8451 ₮ ▣ 24H Volume: 68,696,083.923 ₮ ▣ 24H Change: 20.179% ▣ Weekly Change: 38.41%% ▣ Monthly Change: N/A% ▣ Quarterly Change: N/A% ◲◰ Pivot Points : ▣ Resistance Level: 0.9028 | 1.0877 | 1.4627 ▣ Support Level: 0.5278 | 0.3377 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 10.70 ▣ Last 90 Days: 10.70 ▣ Last Year: 10.70 ▣ Last 3 Years: 10.70 ◲◰ Volatility Analysis : ▣ Last 30 Days: 2.12 ▣ Last 90 Days: 2.12 ▣ Last Year: 2.12 ▣ Last 3 Years: 2.12 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:USUALUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
The Future of STXUSDT: A Look at the Key Catalysts - Stacks◳◱ On the BINANCE:STXUSDT chart, the Bband Breakout pattern suggests a consolidation phase that could precede a trend continuation or reversal. Traders might observe resistance around 2.817 | 3.178 | 3.998 and support near 1.997 | 1.538 | 0.718. Entering trades at 2.49 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Stacks ▣ Rank: 56 ▣ Exchanges: Binance, Kucoin, Gateio, Mexc ▣ Category / Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Stacks (formerly Blockstack) provides software for internet ownership, which includes infrastructure and developer tools to power a computing network and ecosystem for decentralized applications (dApps). Its focus is to replace the reliance on centralized cloud service providers and apps that harvest and monetize user information. The Stacks network allows users to directly own digital assets like usernames, domain names, computer programs, etc. On the Stacks blockchain, computing is done on the edges (i.e., client devices), and applications on the platform store data individually and use the blockchain only when necessary. ◰◲ Technical Metrics : ▣ Current Price: 2.49 ₮ ▣ 24H Volume: 85,569,157.492 ₮ ▣ 24H Change: 3.063% ▣ Weekly Change: 2.63%% ▣ Monthly Change: 25.12%% ▣ Quarterly Change: 68.55%% ◲◰ Pivot Points : ▣ Resistance Level: 2.817 | 3.178 | 3.998 ▣ Support Level: 1.997 | 1.538 | 0.718 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 3.91 ▣ Last 90 Days: 2.21 ▣ Last Year: 1.28 ▣ Last 3 Years: 0.53 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.01 ▣ Last 90 Days: 1.00 ▣ Last Year: 1.12 ▣ Last 3 Years: 1.17 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:STXUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
Gold Price Analysis December 16Fundamental Analysis Expectations of a hawkish Fed rate hike next week boosted the US dollar and US Treasury yields on Wednesday, leading to a corrective pullback in gold prices from multi-month highs. US President-elect Donald Trump's tax plan will add to inflation and delay the Federal Reserve's easing policy. Technical Analysis Gold is in a strong bearish channel with 2636 being the first target of the downtrend and 2626 the next. The recovery to be considered a trend reversal only when gold closes above the 2691 area. Gold is still considered a downtrend if it faces the 2672 and 2691 port areas. Pay attention to price reaction to have the best trading strategy Trading attention zone BUY zone 2626-2624 Stoploss 2620 SELL zone 2673-2675 Stoloss 2678
OANDA:XAUUSD
by TVS-Trader
VELAS is a true sleeping monster ATM (TA + TRADE PLAN)Trend Analysis Current Price: The price is hovering around 0.0117 USDT, which shows a small upward movement (+1.31%) in the current time frame (4-hour chart). Trendline: The chart shows a downward channel (red arrow) where the price has been moving lower. However, the price is now approaching a key support level and showing signs of potential reversal. Resistance Levels: The resistance level is marked by a horizontal red line, indicating significant selling pressure at around 0.0160 USDT. The price must break this resistance to signal a potential upward trend. Support Levels: A key support zone is located between 0.0100 USDT and 0.0132 USDT (marked with green), indicating that the price has been consolidating and could bounce back from this level. Indicators VMC Cipher B-Divergences: The indicator is showing divergences, suggesting potential reversal points, especially as the market is showing bullish divergence at lower price points. RSI (Relative Strength Index): The RSI is at 38.94, which indicates that the asset is in neutral or slightly oversold territory, suggesting that it could be poised for a bounce upwards if buying pressure increases. Art Money Flow Index: This indicator is currently low (around 23.60), suggesting that the money flow is weak. However, it is not in extreme oversold territory, which gives room for potential growth if momentum picks up. Stochastic Oscillator: The stochastic indicator is in oversold territory (around 35.39), signaling that a bullish reversal is possible if the trend picks up. Volume Analysis Volume: Current volume is 3.39K, which is relatively low but has been increasing recently. Higher volume during upward price movement would confirm the continuation of a bullish trend. Key Patterns & Signals Bullish Reversal Setup: The chart shows a potential bullish setup with increasing buying pressure near support. The presence of bullish divergences in the VMC Cipher and the RSI is an early indicator that the market could reverse to the upside. Breakout: The chart suggests that once the price breaks through the resistance level at 0.0160 USDT, it could accelerate towards the 0.0200 USDT level. Professional Trading Plan 1. Entry Points: Primary Entry: Wait for a clear breakout above the resistance zone (0.0160 USDT). A confirmation of this breakout on higher volume would present a strong entry signal. Secondary Entry: Enter near the support level around 0.0100–0.0130 USDT, particularly if there is a reversal candle pattern or other confirmation of bullish momentum. 2. Target Price Levels: Short-Term Target: 0.0180–0.0200 USDT as the next resistance zone after a successful breakout from the current resistance. Long-Term Target: 0.0280 USDT, assuming further strong upward momentum. 3. Stop-Loss Levels: Primary Stop-Loss: Set a stop-loss at 0.0100 USDT (below the support zone) to limit downside risk in case of a breakdown. Tight Stop-Loss: For more conservative traders, place the stop-loss just below the immediate support zone near 0.0120 USDT. 4. Risk Management: Allocate a small portion of the portfolio per trade, and use appropriate position sizing based on risk tolerance. For example, 1–3% of the total portfolio per trade. Monitor volume spikes and price action for any signs of reversal or trend exhaustion. 5. Trade Monitoring: Regularly check the key technical indicators (RSI, Stochastic, Art Money Flow) for shifts in momentum. Be aware of any external news or market events that could impact Velas’ price action. The market for Velas (VLX) shows potential for a reversal upward, especially as it tests key support levels and the RSI enters neutral territory. The breakout above resistance would be the key confirmation for further bullish movement, and traders should be prepared for a possible rally towards 0.0200 USDT. Keep an eye on the trading volume and price action for confirmation.
Long
by elfabiiani
An exciting week with many important economic data.World gold prices decrease when the USD increases. Recorded at 9:40 a.m. on December 16, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,570 points (down 0.11%). According to Naeem Aslam - investment director of Zaye Capital Markets, gold investors should mentally prepare for the possibility of gold prices weakening next week. The main reason comes from the US Federal Reserve (FED) reducing expectations about cutting interest rates, in the context of inflation still being "persistent". Lukman Otunuga - market analyst at FXTM - gave a neutral comment on gold prices in the short term. According to him, the trend of this precious metal will largely depend on the policy message that FED officials give in the upcoming meeting. Otunuga emphasized that, if the FED continues to maintain its "hawkish" stance, this could limit the ability of gold prices to increase as investors gradually narrow their expectations for stronger interest rate cuts next year. 2025. On the contrary, if the FED signals to loosen policy in 2024, gold prices could increase to 2,700 USD/ounce or higher. 🔥 XAUUSD SELL 2656 - 2654🔥 💵 TP1: 2630 💵 TP2: 2610 💵 TP3: OPEN 🚫 SL: 2665
OANDA:XAUUSDShort
by FalCol_TradingMaster
Critical Levels for AVABTC: Don't Miss These Signals - Traval...◳◱ On the BINANCE:AVABTC chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.0000091 | 0.00000998 | 0.00001223 and support near 0.00000685 | 0.00000548 | 0.00000323. Entering trades at 0.00002291 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Travala.com ▣ Rank: 508 ▣ Exchanges: Binance, Kucoin, Hitbtc ▣ Category / Sector: Payments - Payment Platforms ▣ Overview: None ◰◲ Technical Metrics : ▣ Current Price: 0.00002291 ₿ ▣ 24H Volume: 62.175 ₿ ▣ 24H Change: -22.654% ▣ Weekly Change: 195.55%% ▣ Monthly Change: 406.27%% ▣ Quarterly Change: 338.79%% ◲◰ Pivot Points : ▣ Resistance Level: 0.0000091 | 0.00000998 | 0.00001223 ▣ Support Level: 0.00000685 | 0.00000548 | 0.00000323 ◱◳ Indicator Recommendations : ▣ Oscillators: SELL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 4.31 ▣ Last 90 Days: 2.39 ▣ Last Year: 1.17 ▣ Last 3 Years: 0.55 ◲◰ Volatility Analysis : ▣ Last 30 Days: 8.75 ▣ Last 90 Days: 5.22 ▣ Last Year: 2.70 ▣ Last 3 Years: 1.75 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:AVABTC analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
The One Thing Everyone's Missing About CRVUSDT - Curve◳◱ On the BINANCE:CRVUSDT chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 1.4705 | 1.7378 | 2.4061 and support near 0.8022 | 0.4012. Entering trades at 1.2631 could be strategic, aiming for the next resistance level. ◰◲ General Information : ▣ Name: Curve ▣ Rank: 99 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Hitbtc ▣ Category / Sector: Financial - Decentralized Exchanges ▣ Overview: Curve Finance is a decentralized exchange optimized for low slippage swaps between stablecoins or similar assets that peg to the same value (e.g. wBTC/renBTC). The protocol employs a Automated Market Maker that was built specifically to give DeFi users low slippage and liquidity providers steady fee revenue. ◰◲ Technical Metrics : ▣ Current Price: 1.2631 ₮ ▣ 24H Volume: 138,006,035.406 ₮ ▣ 24H Change: 6.943% ▣ Weekly Change: 4.76%% ▣ Monthly Change: 327.13%% ▣ Quarterly Change: 351.68%% ◲◰ Pivot Points : ▣ Resistance Level: 1.4705 | 1.7378 | 2.4061 ▣ Support Level: 0.8022 | 0.4012 ◱◳ Indicator Recommendations : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Summary of Technical Indicators : BUY ◲◰ Sharpe Ratios : ▣ Last 30 Days: 9.88 ▣ Last 90 Days: 4.84 ▣ Last Year: 1.00 ▣ Last 3 Years: 0.20 ◲◰ Volatility Analysis : ▣ Last 30 Days: 1.89 ▣ Last 90 Days: 1.32 ▣ Last Year: 1.11 ▣ Last 3 Years: 1.12 ◳◰ Market Sentiment : ▣ News Sentiment: N/A ▣ Twitter Sentiment: N/A ▣ Reddit Sentiment: N/A ▣ In-depth BINANCE:CRVUSDT analysis available at TradingView TA Page ▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content. ◲ Disclaimer : Disclaimer The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk. ▣ Explore the Power of Charting with TradingView Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
by Crypto2AF
GOLD LIVE UPDATE 1HR CHARTXAU/USD Live Market Update: Dive into real-time insights for intraday trading on gold. Stay informed about the latest price action, key levels, and market trends to identify prime scalping and swing trading opportunities. With gold's dynamic nature, this live analysis provides traders with precise entry and exit points, helping you navigate market fluctuations with confidence. Whether you're a scalper looking for quick profits or a swing trader aiming for bigger moves, our updates ensure you're equipped with the knowledge to make informed decisions. Optimize your strategy and capitalize on every opportunity in the XAU/USD market!..
OANDA:XAUUSD
by SadarExplore
Massive -17% flash crash! Stop loss hunting, liquidity grab!CRYPTOCAP:TOTAL3 experienced a historic flash crash that impacted all altcoins, with most losing up to 25% within minutes before bouncing back. This coordinated crash likely affected many cautious holders who had placed stop-loss orders at -10% to -20%, waking up to the unpleasant realization that they lost significant positions during the event. This incident highlights the brutal nature of unregulated markets. Additionally, numerous leveraged longs were likely liquidated, particularly in the altcoin sector. The $100 billion drop has undoubtedly caused widespread pain but could also inject liquidity into the market, potentially fueling a future upward move. Leverage remains inherently risky, and stop-loss orders must be carefully monitored to avoid falling victim to these liquidity-grab tactics orchestrated by market makers. In this market, it’s not just trading—it’s a battlefield. Stay vigilant.
CRYPTOCAP:TOTAL3
by CryptoNikkoid
2
BTC swing thesis by Titan_KarmaPrediction( investment_thesis='**News Analysis:** Recent developments in the cryptocurrency market have highlighted significant gains for XRP, reaching a $100 billion market cap, which suggests strong momentum and potential for further growth. The anticipation of Ripple’s RLUSD approval could further bolster XRP\'s price. Meanwhile, Bitcoin continues to set new records, with prices reaching around $84,000, supported by a decrease in exchange reserves, indicating a trend towards long-term holding. This bullish outlook for Bitcoin suggests it could be an attractive investment for those looking to hold for the long term. Both XRP and Bitcoin present promising opportunities, but investors should assess their risk tolerance and strategy carefully. **Market Sentiment Analysis:** The financial analysis indicates a bullish sentiment for BTCUSDT, with high trading volumes and a long-short ratio consistently above 1.0 across various time frames. This suggests that traders are expecting the price to rise, supported by strong market interest. The overall sentiment from top traders is bullish, indicating a potential opportunity for a long position. However, caution is advised due to the inherent volatility of cryptocurrency markets. **Technical Analysis:** The technical indicators for BTCUSDT show a bullish trend across different time frames. The RSI levels indicate moderately overbought conditions, particularly in the 1-hour and 4-hour charts, suggesting caution. The MACD is positive in the 4-hour and 1-hour charts, supporting bullish momentum. The price is above the EMA20 and SMA20, confirming a bullish short-term trend. Resistance is noted at 102247.25, which could act as a barrier. If the price breaks above this level with strong volume, it could signal further upside potential. **Fundamental Analysis:** The recent news and financial metrics suggest a strong bullish sentiment for BTCUSDT. The decrease in Bitcoin exchange reserves and the high trading volume indicate strong market interest and potential for further price increases. The anticipation of Ripple’s RLUSD approval could also impact the broader cryptocurrency market positively. **Risk Management Strategy:** Given the bullish indicators and market sentiment, a long position in BTCUSDT could be considered. However, due to the overbought RSI levels, it is crucial to implement a risk management strategy. Set a stop-loss near the support level of 97,000 to manage potential downside risks. A take-profit level can be set near the resistance level of 102247.25 to capitalize on potential gains. Monitor the MACD and RSI for any signs of reversal or weakening momentum. **CONFIDENCE_LEVEL:** 82% ##**TRADE RECOMMENDATION** ```json { "OUTCOME": "OPEN_LONG", "STOP_LOSS": "$97,000.00", "TAKE_PROFIT": "$102,247.25", "CONFIDENCE_LEVEL": "82%", "EXIT_POINT": "$102,247.25", "ENTRY_CRITERIA": { "TIMEFRAME": "1h", "RSI": "below 70", "MACD": "above 0, 1h", "ATR": "0.002, 1h" }, "CURRENT_OPEN_LONG_POSITIONS": 0, "CURRENT_OPEN_SHORT_POSITIONS": 0, "OPEN_POSITION": "$100,395.04" } ```' )
Long
by titankarma
2
Investors predict the Fed will lower interest ratesAccording to a report by the World Gold Council (WGC), the People's Bank of China (PBOC) bought gold for reserves in November after a 6-month pause. China's gold reserves rose to 72.96 million ounces of pure gold at the end of November, up from 72.8 million ounces the previous month. In November, gold prices dropped sharply due to the sell-off after the US election results. WGC said that central banks' demand for gold continues to be positive. The main motivation for buying gold is to diversify foreign exchange reserves and reduce dependence on the USD. In the US, the market is looking towards an interest rate adjustment by the Federal Reserve (Fed). According to MT Newswires, strong labor market data reduces immediate pressure on the Fed to accelerate interest rate cuts. 🔥 XAUUSD SELL 2676 - 2678🔥 💵 TP1: 2650 💵 TP2: 2640 💵 TP3: OPEN 🚫 SL: 2686 🔥 XAUUSD BUY 2653 - 5651🔥 💵 TP1: 2665 💵 TP2: 2675 💵 TP3: OPEN 🚫 SL: 2646
OANDA:XAUUSDShort
by FalCol_TradingMaster