Scalping! XAU! Waiting for gold price to BREAK from trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) stays under pressure during the early European session on Wednesday but manages to hold above the one-week low reached the previous day, showing limited follow-through selling. Expectations of a less dovish Federal Reserve (Fed) continue to support higher US Treasury bond yields, creating headwinds for the non-yielding yellow metal. However, USD bulls appear cautious, holding off on making strong moves ahead of the pivotal FOMC decision.
⭐️Personal comments NOVA:
Moving sideways in 2 trendlines, M30. Leaning towards breaking the uptrend and waiting for today's interest rate cut results.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping
TP1: $2650
TP2: $2655
TP3: $2660
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Xauusdlong
interest rate cut! most important data end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) extends its recovery from the $2,633 level, a one-week low, and gains modest traction during the Asian session on Wednesday. The uptick appears to be driven by repositioning ahead of a key central bank event. However, gains are likely to be limited as traders await the outcome of the crucial two-day FOMC policy meeting later today. The Federal Reserve (Fed) is broadly expected to cut interest rates by 25 basis points and signal a more cautious approach to further rate reductions.
⭐️Personal comments NOVA:
The market will pick up and recover when the FED lowers interest rates later today. But it won't have too much of an impact because most investors won't be too surprised.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2664 - $2662 SL $2667 scalping
TP1: $2658
TP2: $2652
TP3: $2645
🔥SELL GOLD zone: $2694 - $2696 SL $2702
TP1: $2685
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2607 - $2605 SL $2600
TP1: $2618
TP2: $2630
TP3: $2645
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
#XAUUSD 4HXAUUSD Based on the 4-hour analysis, I am currently monitoring key support levels at 2610.00 and 2605.00 for potential buying opportunities.
Target levels: 2660.00, 2680.00, 2700.00, and 2780.00.
Important note: If the price closes below 2600.00, it is advisable to avoid any buying positions.
For now, refrain from placing any pending orders. Wait for strong bullish confirmation signals before entering a trade.
This setup represents a significant swing trade opportunity.
XAU/USD (Gold) Wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2678
2nd Support – 2692
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TRADING STRATEGY FOR DECEMBER 18 XAUUSDGold prices fell on December 17 due to:
Stronger USD (+0.1%), making gold more expensive for holders of other currencies.
Higher 10-year bond yields, increasing the opportunity cost of holding gold.
Key Takeaways from the Fed:
A 0.25% rate cut is expected on December 18, but the likelihood of further cuts in January 2025 remains low (only 18%).
US Economic Impact:
November retail sales exceeded expectations, fueling inflation concerns. This suggests the Fed may pause further rate cuts in January 2025.
Gold is strongly supported by important economic data this week. From a technical perspective, after recent sharp declines, gold has shown signs of reversal from the 2633.xx resistance area, rebounding toward 2650.xx.
Today's Main Trend: Focus on long-term buy opportunities at strong sell points. Use sell scalping strategies and observe reactions to trade more effectively.
INTRADAY TRADING STRATEGY
SELL SCALP:
Entry: 2661 - 2663
Stop Loss (SL): 2666
Take Profit (TP): 2655
BUY SCALP:
Entry: 2634 - 2632
SL: 2629
TP: 2640
BUY ZONE:
Entry: 2618 - 2620
SL: 2615
TP: ???
SELL ZONE:
Entry: 2672 - 2674
SL : 2677
TP: 2664
Buying opportunity at 2643-2628Gold is currently facing some selling pressure near 2648, but the overall trend remains bullish with a high probability of breaking through. In the coming days, prices are likely to rise above 2660, making buying the primary trading direction for now.
In a weak market, gold may fluctuate multiple times within the 2643-2628 range to build up momentum. In a strong market, prices could rally after just one retest today.
However, there’s also a possibility of breaking below the support. If that happens, the likelihood of a short-term drop to 2580 will increase significantly.
Go long gold near 2633 as scheduledBros, I have been suggesting that gold is likely to continue to fall to the 2635-2630 area in the past two days. At present, gold has fallen back to this area as expected. We have made a lot of money in gold short trading in the past two days! Congratulations to those friends who followed my trading strategy!
At present, the lowest price of gold has reached around 2633, so the support of the 2635-2630 area is effective in the short term, and gold has failed to fall below this area several times during the decline, so this area has become an important defensive position for bulls in the short term, so there should be some buying funds here, whether it is to seize control or to play between the long and short sides, the bulls should perform well in this range.
So in terms of short-term trading, I prefer to start long gold near 2633, and I have already done so. Moreover, there is still strong support in the 2625-2620 area below. If gold continues to fall, I will consider adding positions to long gold in the 2625-2620 area again.
Bros, I have already started to go long on gold. Are you optimistic about the rebound of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold range fluctuations, short-term profit strategyOn the daily level, the pressure is at 2665-2675, and the support below is around 2640. If it continues to weaken, the rebound may not be too large, but it is a small deviation, so it is not easy to chase the short for the time being, waiting for the rebound to go short. If it breaks 2640 further below, then it will be a small rebound and go short, but for now, it is still tentatively set at 2640-2675 for the beginning of the week! Overall, today's short-term operation strategy for gold is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2670-2675 resistance, and the short-term focus on the lower side is 2640-2643 support.
XAUUSD-GOLD | 15M | SCALPING TIMEHello guys, I made XAUUSD-GOLD analysis for you. For this kind of analysis, please value my analysis with your likes Thank you very much to everyone who supports me by liking
SIGNAL ALERT
BUY ( XAUUSD-GOLD ) 2650,0
🟢TP1: 2653.0
🟢TP2: 2655.0
🟢TP3: 2663.0
🔴SL: 2641.0
Medium Risk
Gold: Bullish Move AheadThe gold market has been exhibiting bullish momentum, supported by an upward trendline. After reaching a recent low at approximately 2,611.93 USD, the price has shown signs of a rebound near key Fibonacci levels. The key support area around 2,610.00 USD (0.786 retracement level) is holding strong, and gold is now approaching the 0.50 Fibonacci retracement level at 2,669.02 USD.
If the price manages to break above the 2,669.02 level, the next target would be near the 0.236 level around 2,699.16 USD. The bullish trend could accelerate further if gold surpasses the 2,726.10 USD resistance zone.
Key Levels:
Support: 2,611.93 USD
Resistance: 2,726.10 USD
Fibonacci Retracements: 2,655.54 (0.618) and 2,669.02 (0.50) act as significant levels for potential breakouts.
Gold Shows Bullish Signs, Eyeing 2666-2672 Resistance ZoneGold is at a critical point of contention between bulls and bears. From the technical chart, the bulls are in a stronger position, with signs of a double bottom. If this stabilizes, gold is expected to rise again towards the 2666-2672 area. Therefore, today's trading should focus on long positions.
4HR CHART trade long in Gold sets up. Buy-up
The volatility has settled in Gold trading for now. Price has kept support at around the 50 to 55 level. So Gold has propped up during Monday. It really has not even looked like selling off and I trade Gold a lot and I can usually tell when they want to reverse the price for a bit.
Buy around current price57,000 or 56,950 xauusd.
Stop under a recent swing low from a 3 or 5 minute timeframe.
TP1: at 70'
XAU Gold 30MinIchimoku Cloud
The red cloud indicates a prevailing bearish trend in the past.
Flat areas of the cloud highlight potential future resistance zones.
Key Support and Resistance Levels
Key Support (Orange Line): Around 2,649.77
Important Resistances (Yellow and Green Lines):
First Resistance: 2,655.39
Second Resistance: 2,667.41
Risk and Reward Area
The red area below the chart represents the Stop Loss zone (loss area).
The green area above indicates the Take Profit zone (profit area).
A trade has been executed with a balanced risk-to-reward ratio.
Relative Strength Index (RSI)
Current RSI value: 47.58
RSI below 50 indicates relative market weakness in the current state.
Green Arrows
The green arrow at the bottom of the chart suggests a potential bullish reversal from the key support level.
Analysis Conclusion:
The recent downtrend has tested the support level at 2,649.77.
If the price stabilizes at this level and breaks through the first resistance at 2,655.39, there is a possibility of growth towards the next resistance at 2,667.41.
The RSI needs to cross above 50 to confirm buyer strength.
Otherwise, breaking the support level may lead to further decline.
Gold continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal.
However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday.
⭐️Personal comments NOVA:
Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2674 - $2676 SL $2679
TP1: $2660
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2635 - $2637 SL $2632
TP1: $2645
TP2: $2658
TP3: $2670
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold Set for Recovery After Friday's DeclineLast Friday, gold encountered strong selling pressure at 2692, continuing its downward movement to the green zone, which I’ve marked as a potential buying area. Traders who held long positions on Friday may see profits on Monday.
There could be a second downward move, but if this happens, the 2644-2636 area is expected to act as strong support. For long positions, the initial targets are 2657-2666, and if prices stabilize around 2654-2658, we can target the 2671-2679 range.
XAUUSD BUY PROJECTIONXAUUSD - GOLD - BUY
Trade Reason :
4hr - Higher Low and Take support To ..
30 min - Trend Reversal
Entry Given ..
My suggestion :
Wait For Proper Correction in 30 Min.
Take additional confirmation for Trend Line Support
Fib 50% proper correction Level
Entry - 2634.50 or entry Now
Target - 2716
Stoploss- 2605
Happy Trading ...
Gold Market Weekly Analysis | XAUUSD Price action OutlookGold prices experienced a nearly 1% decline last week, largely influenced by a series of US economic data releases. Mixed signals from consumer and producer inflation reports kept markets cautious, but the lower-than-expected Initial Jobless Claims report strengthened investor confidence in a potential Federal Reserve rate cut at its December 17-18 meeting. Currently, traders are assigning a 93% probability to a 25 basis points (bps) rate reduction.
Next week promises to be eventful, with key US economic releases such as S&P Global Flash PMIs, Retail Sales, Industrial Production, and the core PCE Price Index, alongside the pivotal FOMC policy decision. These will play a critical role in shaping gold's trajectory.
In this video, I dive deep into the XAUUSD chart, breaking down technical and fundamental factors to help us navigate the upcoming trading week.
📢 Disclaimer: This video is for educational purposes only and does not constitute financial advice. Please consult with a professional before making trading decisions.
#GoldAnalysis #XAUUSD #GoldPriceForecast #FOMC #RateCut #ForexTrading #MarketOutlook
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