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Xauusdlong

xauusd toady target 3674Here's a summary of your updated XAU/USD trade plan: Trade Plan - Entry Point: Currently trading at 2616/2635 (assuming you're already in the trade) - Target: 2674 - Stop-Loss: 2614/2612 Market Analysis The XAU/USD is experiencing a bullish rebound, driven by a weakening US dollar and increasing inflation concerns. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum. - Moving Averages: The 50-day moving average is trending upwards, supporting the bullish view. - Resistance Levels: The resistance levels at 2674 and 2685 could pose a challenge to the upward movement. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:2.4, which is relatively aggressive. - Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size. Stay disciplined and stick to your trade plan. Good luck!
OANDA:XAUUSDLong
by Geroge_Fx
Gold Trends Forecast December 10🤑Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of China (PBOC) announced that it is resuming gold purchases... the market is hoping that we can see other central banks follow suit and we can see a continuation of the record buying," said Bart Melek, head of commodity strategy at TD Securities. • The US Federal Reserve (Fed) has started its interest rate easing cycle with a 0.5% cut in September 2024, followed by a 0.25% interest rate cut in November 2024. Investors are currently predicting an 87% probability that the Fed will continue to cut interest rates by 0.25% at the meeting on December 17-18. However, if the Fed pauses and the fundamental messages become cautious, this will cause some temporary pressure on gold prices. 🥰Technical analysis: • Gold broke the downtrend in the h1 frame, breaking through the accumulation sw border, although it has not closed the previous day's candle at 2670, it also shows quite strong buying power. • Expect Fibo 0.5 – 0.618 to buy back 🕯 Trading plan: 🔼Buy Gold: 2652 – 2650 SL: 2648 TP: 2656 -2662 – 2674 If SL this order buys back 🔼Buy Gold: 2645 - 2643 SL: 2640 TP: 2656 -2662 – 2674 – Open 🔽Sell Gold: 2686 – 2688 SL: 2692 TP: 2679 - 2660
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time. Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations! Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold! Bros, have you followed me to short gold? So how do you trade gold next?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!
OANDA:XAUUSDLong
by Trader_Marvin
Last Leg XAUOverall uptrend still needs a leg to complete its wave. Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis. Last leg is to form the head and shoulders, synonym of long term tops. I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding. Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag. Let's see
EIGHTCAP:XAUUSDLong
by Osmanomics
High-level shock and callback strategyGeopolitical Tensions Drive Short-Term Gold Rally – Strategic Approach for the Next Move In recent sessions, geopolitical tensions, particularly Israel's military actions in Syria, have spurred risk-off sentiment, driving gold prices higher in early trading. However, despite the short-term surge fueled by geopolitical risks, gold prices have failed to break above last week's key resistance level at 2655. Given that gold is currently trading at historical highs, a correction or consolidation at these levels seems likely. We believe this rally is primarily driven by short-term geopolitical risk factors, rather than fundamental support. Once the market has priced in these risks, gold prices are likely to undergo a pullback, creating more favorable conditions for a long position at lower levels. Today's Strategy Recommendations: Short Strategy at Key Resistance: If gold rises above 2655, consider implementing a short position. If the price breaks above 2660, additional short positions can be added, anticipating downward pressure in the near term. Wait for Pullback to Enter Long: It is recommended to wait for a price pullback to a suitable support level before considering a long position. Exact entry points will depend on market reactions and technical signals. Disclaimer: This analysis is for informational purposes only. All trades should be executed with strict risk management in place, avoiding over-leveraging and ensuring capital protection.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold's Short-Term Volatility and Long-Term OutlookExplosive Weekend News: The Syrian President Assad has abandoned the country, and the anti-government forces have won in this wave of unrest. The biggest beneficiary of this is not Israel, but the United States! Their control over the Middle East has reached its peak, and many domestic issues will now open breakthrough opportunities, significantly boosting the speed of economic recovery. Syria’s loss has been devastating for Russia and Iran due to tactical errors. Iran’s strategic arc has been broken, and Russia has lost important strategic points, undoing over a decade of planning. The unrest caused gold to gap higher today, but the expectations for the U.S. economy have led to a pullback in gold prices. Despite the ongoing turmoil, if this situation continues to develop, the U.S. dollar will inevitably emerge as the ultimate winner. Gold prices may gradually retreat after reaching a peak This is based on an analysis of the international situation, and it represents a long-term strategic outlook. Short-Term Outlook: Due to the ongoing turmoil, gold’s safe-haven demand remains intact. Technically, 2628-2618 is an important support zone, with resistance still focusing on the 2643-2652 area.
OANDA:XAUUSD
by TradingGuide_Dean
XAU/USD Longs from 2,590 or 2,570?Gold has been trading within a range, creating significant liquidity both above and below the current price. Once this consolidation phase breaks, I anticipate a reaction from either my supply or demand zones. Overall, my bullish outlook on gold remains intact. I am particularly focused on the demand zones around 2,570 and 2,590, which I’ve marked as key areas. If the price reaches these levels, I expect a slowdown, allowing for accumulation before initiating a new rally to the upside. Confluences for GOLD Buys: - Bullish Market Structure: Higher timeframes continue to show strong bullish momentum. - Break of Structure: Price has broken key levels to the upside. - Unmitigated Demand Zone: Price needs to revisit these areas before continuing higher. - Liquidity Above: There’s a notable amount of upside liquidity, particularly around Asian session highs. Note: If gold takes out the upside liquidity, I’ll shift my focus to potential sells around 2,670, targeting the 5-hour supply zone for a reversal back down.
OANDA:XAUUSDLong
by Hassan_fx
Xauusd weekly chart Gold opened in a calm manner on Monday and spent the rest of the week fluctuating in a narrow channel at around $2,650. Trade Balance data from China and November inflation figures from the United States could help XAU/USD break out of its trading range next week. Gold resistance 2666/2690 On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which Gold support 2604/2591
OANDA:XAUUSDLong
by JohnHarry_7
XAUUSD - Gold Awaiting NFP!In the 4H timeframe, gold is below the EMA200 and EMA50 and has exited its ascending channel. If gold re-enters the channel and stabilizes above the drawn downward trend line, we can witness the continued rise of gold and limited visibility of the channel ceiling. Within the supply zone, we can sell with appropriate risk reward. The failure of the support area paves the way for gold to fall and you can buy in the demand zones. The U.S. nonfarm payroll report is set to be released today, drawing the full attention of markets. It is expected that nonfarm jobs will increase by 200,000, primarily due to the resolution of the Miloten hurricane and the conclusion of Boeing’s strike. However, recent charts indicate a declining trend in nonfarm employment over the past few years, confirming the weaker labor market conditions that the Federal Reserve has noted during its rate-cutting cycle. Even if the headline figure exceeds 200,000, it is unlikely to prompt a change in policymakers’ stance. The unemployment rate is also projected to rise to 4.2%. Markets may look for meaningful insights from today’s employment data, but they are unlikely to find anything substantial. Overall, the Federal Reserve is expected to cut interest rates again in December. Forecasts for job growth range between 155,000 and 275,000, compared to just 12,000 new jobs in September. The unemployment rate for this month is anticipated at 4.2%, slightly up from 4.1% last month. Last month’s precise unemployment rate was reported at 4.145%, while the labor force participation rate stood at 62.6%. In terms of wages, annual average hourly earnings growth is expected to slow to 3.9%, down from 4% last month. Monthly wage growth is forecasted at 0.3%, slightly below the previous month’s 0.4%. Average weekly working hours are expected to remain unchanged at 34.3 hours. Key data released so far include: • ADP Report: 146,000 jobs added compared to 150,000 in the previous month. • ISM Services Employment Index: Declined to 51.5 from 53, still the second-highest figure of the year. • ISM Manufacturing Employment Index: Rose to 48.1 from 44.4. • Challenger Job Cuts: 57,727 compared to 55,597 in the previous month. • Philadelphia Fed Employment Index: Increased to 8.6 from -2.2. • Empire State Employment Index: Rose slightly to 0.9 from 4.1. Recent trends suggest that the labor market is generally weakening, though temporary improvements are evident in some areas. JOLTS data paints a similar picture, with most Federal Reserve members convinced that the labor market is cooling. However, a single NFP report is unlikely to alter this broader trend, particularly given the influence of hurricanes, elections, and the end of Boeing’s strike on the numbers. On the other hand, President-elect Donald Trump's pro-business policies and "America First" approach have pushed gold prices lower ahead of the new year. However, one Canadian bank believes that gold's upward trend is not over yet. While markets may need time to adjust to Trump's economic policies, CIBC analysts remain bullish on gold's future in 2025. Investors should not be surprised by the gold market's current woes, the analysts said, as a similar trend was seen in 2016, during Trump's first term. The Bank of Canada has reiterated its summer forecasts and stated that Trump's impact on the gold market will ultimately be positive. According to analysts, “It may take several seasons, but inflationary pressures will eventually show. Although this issue may challenge the trend of interest rate cuts, we believe that wealth preservation and the desire of non-US investors and central banks for safe assets will continue to support gold prices." Peter Schiff, chief strategist at Euro Pacific Asset Management, believes that the price of gold will not return below $2,000 an ounce, and that the price of gold is likely to double or triple. He noted that gold fluctuated between $1,500 and $2,000 from 2011 to 2024 and has now reached higher levels without resistance. Schiff emphasized at the New Orleans investment conference that the performance of gold this year shows the strength and high potential of this valuable metal. He also predicted that as the price of gold rises, more investors will be interested in stocks of mining companies. Meanwhile, BlackRock emphasized in its recent report that the Federal Reserve does not appear to have entered a typical cycle of interest rate cuts. The analysis shows that the Federal Reserve is likely to cut interest rates further in 2025. This reduction will occur in a situation where economic growth will slow down somewhat, but inflation will still remain above the target. Therefore, the Fed is unlikely to cut interest rates below 4%, and rates will remain above pre-pandemic levels.
FOREXCOM:XAUUSDLong
by Ali_PSND
XAUUSD Trade Log - Monthly Swing TradeXAUUSD Swing Long Trade This is a high-confidence swing trade setup with multiple confluences across monthly and daily timeframes. Trade Details : - Risk: 5% of capital - Risk-Reward Ratio (RRR): 1:4 - Entry: Anywhere within the monthly Fair Value Gap (FVG), which has a 90-point range. You may DCA (Dollar Cost Average) into your position for better flexibility, though this is discretionary. - Confluence: Signals align from the monthly down to the daily charts, indicating strong bullish momentum. Macro Factors Supporting Gold Longs : - Safe-Haven Demand: Global geopolitical tensions, including conflicts in the Middle East and Eastern Europe, have driven investors toward gold as a risk-averse asset. - Rising Recession Risks: With several central banks maintaining high interest rates for prolonged periods, economic slowdown fears are rising, further boosting gold demand. - Central Bank Purchases: Central banks worldwide, especially in emerging markets, continue to accumulate gold reserves to reduce reliance on the US dollar. - Inflation Hedging: Persistent inflation concerns make gold an attractive hedge, particularly as real yields show signs of plateauing. - Weakened Dollar Outlook: A potential pivot in US Federal Reserve policy could weaken the dollar, which would likely support gold prices in the medium to long term. This swing trade offers a strong opportunity to capitalize on the current macroeconomic and technical landscape favoring gold's upward momentum. Stay aware of any unexpected fundamental developments that could influence the market.
OANDA:XAUUSDLong
by Fondera
Gold Market Analysis 12/06Gold began to rebound after falling to around 2623. Since the 2635 support has been broken, it has now turned into resistance. Therefore, during the rebound, the first resistance to watch is 2635, followed by 2643. This was the highest point reached during the rebound after the price fell to 2635 today, making it an important resistance level. The next key resistance zone is the 2652-2657 area, where the price has recently encountered resistance. Since tomorrow’s NFP data could have a significant market impact, if the data is bullish, it’s quite possible that gold will rise back above 2650. However, if the data is bearish, the optimal level to consider for support would be around 2608. The prolonged period of consolidation has trapped many positions during today’s downturn, creating significant selling pressure. Therefore, it’s important to be cautious during trading and avoid blindly chasing prices higher. This is an ideal market outlook based on current conditions, but always remember that the market is constantly changing. While you can use this analysis as a reference, it’s important to remain flexible during your trades. Don’t stick to rigid strategies—adjust as the market evolves. If you have any doubts or need further guidance, feel free to reach out to me directly. I’m here to help with personalized advice!
OANDA:XAUUSD
by TradingGuide_Dean