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XAUUSD trade ideas

XAUUSD - gold will be welcomed by the Federal Reserve!Gold is located between EMA200 and EMA50 in the 1H time frame and is trading in its descending channel. If we maintain the drawn channel, we can witness the continuation of gold's decline and limited visibility of the bottom of the channel. Within the demand zone, we can buy with a suitable risk reward. If it returns to the ceiling of the channel, it is possible to sell within the supply zone. 1. UBS Gold Forecast: UBS has projected that gold prices will reach $2,900. This prediction is based on factors such as the rising U.S. debt, strong demand from central banks, and declining interest rates. The institution also anticipates that U.S. inflation will decrease to 3% by the end of 2024, 2.6% by the end of 2025, and 2.5% throughout 2027. These figures are significantly higher than the Federal Reserve’s 2% target, suggesting that persistent inflation may pose a significant obstacle to the Fed’s efforts to control it. 2. U.S. CPI Report: The U.S. Consumer Price Index (CPI) report for November highlighted the persistence of inflationary pressures. However, the details of the report appeared somewhat reassuring. CIBC Bank predicts that the Federal Reserve will reduce interest rates by 0.25% in its December meeting, though subsequent rate cuts may be delayed due to the economy’s continued growth. 3. Ray Dalio on Gold: Ray Dalio, the founder of Bridgewater Associates, referred to Bitcoin as a hard asset and stated that he prefers Bitcoin and gold over debt-based assets. He expressed concerns about a potential global debt crisis and emphasized the importance of shifting investments toward hard assets. Dalio pointed to unprecedented levels of debt in major countries such as the U.S. and China, deeming these debt levels unsustainable.Speaking at a financial conference in Abu Dhabi, he remarked, “It is impossible for these countries to avoid a debt crisis in the coming years, which will likely lead to a significant depreciation of their currencies.” 4. Dalio’s Evolving Stance on Bitcoin: Previously, Dalio believed that cryptocurrencies like Bitcoin would not achieve the success many had hoped for. However, in recent years, he has become a prominent advocate of Bitcoin. In 2022, Dalio suggested allocating up to 2% of an investment portfolio to Bitcoin and gold as a reasonable strategy to combat inflation. He also reiterated his preference for gold over Bitcoin while emphasizing the importance of portfolio diversification. 5. Peter Schiff’s Warning on Bitcoin: Peter Schiff, a prominent gold advocate, has warned that creating a strategic Bitcoin reserve in the U.S. could have negative consequences. On December 9, Schiff posted on the social media platform X, suggesting that the Biden administration should sell all Bitcoin currently held by the U.S. government before leaving office. He stated, “This move would not only help reduce the 2024 budget deficit but also put an end to all the nonsense about establishing a ‘strategic reserve’ of Bitcoin, which is detrimental.”
FOREXCOM:XAUUSDShort
by Ali_PSND
Xauusd M30 Gold (XAU/USD) Market Structure Analysis - In-Depth This chart represents the 30-minute timeframe for Gold (XAU/USD), focusing on market structure, price action, and key levels. Below is a breakdown of each key component: 1. Market Structure Analysis ChOCH (Change of Character) ✅: A Change of Character occurs when the market shifts from bearish to bullish or vice versa. In this chart, ChOCH is marked with a ✅ where the price reverses direction and creates a new higher high or lower low, signaling a potential shift in market sentiment. For example: The ChOCH after the strong low ($2,613.377) marks a change from bearish to bullish. Break of Structure (BoS) ❌: BoS indicates when price breaks through a significant swing high or swing low, confirming the continuation of the current trend. In this chart, the BoS levels are marked with ❌ to highlight where price breached key structural points. BoS examples include: The breakdown of earlier support zones confirms bearish momentum. The break of the strong high later shows an attempt to push bullish before failing. 2. Key Levels Supply Zones (Resistance - Green Highlighted Areas): These zones are marked at the points where the price rallied and then reversed downward. They act as supply areas where sellers are active. Examples include: The zone near $2,720 - $2,730 (Strong High), where price faced resistance and failed to sustain further upward movement. Demand Zones (Support - Green Highlighted Areas): Demand zones are marked where price dropped and then reversed upward, indicating strong buyer interest. Examples include: The zone near $2,613.377 (Strong Low), where price formed a bottom and reversed. The intermediate demand zone near $2,640 - $2,650, which initially supported price before breaking lower. Strong High ($2,726.992): This is a significant swing high where price peaked but failed to continue higher. The failure to hold above this level confirmed that sellers dominated this area, pushing the price back down. Strong Low ($2,613.377): This is a significant swing low where price found strong demand and reversed upward. This level represents the most recent bottom before the bullish ChOCH occurred. 3. Trend and Price Movement Initially, the market was in a bearish trend, breaking key support levels (BoS). The strong low near $2,613.377 created a demand zone and a ChOCH, which initiated a temporary bullish reversal. The price then rallied toward the strong high at $2,726.992, breaking through intermediate supply zones on the way up. After reaching the strong high, the price faced strong resistance and reversed sharply, marking a key failure swing. Subsequent price action shows the market breaking back through previous demand zones, confirming a return to bearish structure. 4. Key Observations Bearish Momentum: The rejection at $2,726.992 (Strong High) and consecutive BoS levels indicate a bearish continuation. Key Demand Zone Tested: The demand area near $2,613.377 remains critical for potential reversals or continuation downward. ChOCH and BoS Significance: ChOCH signals trend reversals, while BoS confirms trend continuation. Together, they provide clarity on market direction. Conclusion This chart highlights the importance of: Market Structure: Tracking ChOCH and BoS levels for trend changes. Supply & Demand Zones: Identifying areas of interest where price reacts strongly. Key Levels: Monitoring significant highs ($2,726.992) and lows ($2,613.377) for trend continuation or reversal signals. Overall, the market shows bearish signs after failing to sustain above the strong high and breaking back through demand zones. Traders should watch for price action near the strong low ($2,613.377) to determine if buyers will step in or if bearish momentum continues.
OANDA:XAUUSD
by sufyanmirzaw
XUAUSDXAU/USD, commonly referred to as gold against the U.S. dollar, is a key instrument in the financial markets that reflects the price of gold in terms of the dollar. It serves as a critical barometer of global economic health and investor sentiment, often acting as a safe haven during periods of market volatility or economic uncertainty. Gold’s price is influenced by factors such as interest rates, inflation, geopolitical events, and movements in the U.S. dollar, which typically has an inverse relationship with gold. XAU/USD is a favorite among traders seeking to hedge against risks or capitalize on market trends.
OANDA:XAUUSDLong
by HavalMamar
Gold Intraday Trading Plan 12/13/2024As mentioned yesterday, gold was facing 2720 strong resistance. Indeed, 4hrly double top was formed and it dropped hard. Price is now trading at 2680. I don't see a sign of reversal or correction. And also in my weekly review, I do believe gold is now bearish in medium term. I am expecting in Asian session, it drops to 2660 and accumulate there. Then further drop to 2620 in Europe or US session. I am expecting the week to close in red. Let's see the PA for confirmation.
CAPITALCOM:GOLDShort
by SteadyFund
3
GOLD Will Collapse! SELL! My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 2689.1 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 2657.2 Safe Stop Loss - 2708.9 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1