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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

GOLD stable, pay attention to data and upcoming eventsOn the Asian market on Tuesday (December 17), OANDA:XAUUSD Spot delivery is basically stable, gold price is currently around 2,651 USD/ounce and there are almost no significant fluctuations. In the coming days, the Federal Reserve, Bank of England and Bank of Japan will hold monetary policy meetings to decide on interest rates, while also hinting at what 2025 might hold. The Fed is expected to cut base interest rates by 25 basis points. The change has long been priced in, meaning the focus will be on the Summary of Economic Projections (SEP), or Dotplot chart, in which policymakers detail their expectations on inflation, growth, interest rates and employment. These will have a significant impact on the US Dollar. CME's "Fed Tracker" shows traders see a 95.4% chance the Fed will cut interest rates by 25 basis points on Wednesday. Today (Tuesday), the US Census Bureau will release retail sales data for November, which is expected to trigger market volatility during this trading day. Surveys show U.S. retail sales are expected to rise 0.5% monthly in November, after rising 0.4% in October. US retail sales data typically has a greater impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold. If US retail sales data is stronger than expected, the US Dollar could strengthen, thus pushing gold prices back down; On the other hand, a weaker-than-expected retail sales report will stimulate a recovery in gold prices. In addition, on the same day, the NAHB home price index in the US will be announced for December, which is expected to increase slightly to 47 from the previous value of 46. In terms of technical structure, not much has changed so readers can review the previous weekly publication linked below. In the coming time, the technical chart of gold prices will be noticed by some notable patterns as follows. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2680 - 2678⚡️ ↠↠ Stoploss 2684 →Take Profit 1 2673 ↨ →Take Profit 2 2668 BUY XAUUSD PRICE 2621 - 2623⚡️ ↠↠ Stoploss 2617 →Take Profit 1 2628 ↨ →Take Profit 2 2633
OANDA:XAUUSD
by Xayah_trading
My Best Analysis Resistance at 2628 If the market rises to 2628, this level may act as a resistance. Traders could expect a potential reversal or a slowdown in upward momentum from this point. It's crucial to observe volume and price action near this level for confirmation. Resistance at 2665 If the market continues to rise, 2665 serves as a strong resistance level. Price action near this level could indicate whether the market has the strength to break higher or if it will face a reversal.
TVC:GOLD
by LunaTrader_SingnalsProvider
1
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
OANDA:XAUUSDLong
by Nova-Scalper
4
Lingrid | GOLD Short-term RETRACEMENT from PSYCHOLOGICAL LevelOANDA:XAUUSD has moved higher, breaking through the prolonged consolidation zone. The price has reached the key resistance zone ahead of the Core CPI release, testing the psychological level at 2700 and weekly high level. This level has previously acted as resistance, and I think that the market may drop from this level, forming a short-term pullback. Therefore I expect the market to pull back from the resistance and the upward trendline before considering further upward movement because the market may retest the middle of the consolidation zone. My goal is support zone around 2665 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
25
GOLD Trading Opportunity! BUY! My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2648.6 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2675.4 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
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!
OANDA:XAUUSDLong
by Trader_Marvin
GOLD Is Going Up! Buy! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,658.744. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,675.908 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
2
xauusd projection 1. Fibonacci Levels • Key levels marked: • 78.6% retracement (around $2,740): Price hit this level but failed to break through, indicating a potential reversal point. • 61.8% retracement (around $2,693.57): A significant resistance zone within the highlighted yellow area of which th bears did not repsect at all. 2. Resistance and Support Zones • Double Bottom (Highlighted in Yellow): > Indicates a strong support zone that was previously tested twice. • Price Closed Below Resistance: • Resistance was marked around the 61.8% Fibonacci level, where the price failed to sustain bullish momentum. 3. Trendline and Breakout Analysis • A blue upward trendline is drawn to show the bullish trend. Price action is currently testing a break below this trendline. • If the price closes below the trendline and $2,643, it may confirm a bearish continuation. 4. Trade Setup (Bearish) • Confirmation Entry: Suggested at $2,643 after the next 4-hour candle closes below this level. • Stop Loss (SL): Placed at $2,653 to manage risk in case of a reversal. • Take Profit (TP1): Target at $2,596, which aligns with the 23.6% Fibonacci retracement, a historical support area. 5. Market Sentiment • The price is currently consolidating and testing a key area. The recent rejection at 78.6% suggests a bearish bias, but confirmation is awaited for a stronger move.
ICMARKETS:XAUUSDShort
by Ruvabenza
1