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Xauusdsetup

💯GOLD PLAN DAILY DECEMBER 1👉 World gold price on December 1, as of early morning (Vietnam time), is trading around 2,036 USD/ounce - down 8 USD/ounce compared to trading at the same time yesterday morning. 👉 Today's gold price was adjusted slightly down after this precious metal hit its highest mark in 7 months. The solid recovery of the US Dollar Index also had a negative impact on the metals market. 👉 Analysts said that although inflation has fallen sharply from the 40-year high recorded in June 2022, it is still much higher than the 2% target set by the Fed. 👉 On Tuesday this week, the US Department of Commerce said that core PCE, the Fed's preferred inflation measure, increased 3.5% in the past 12 months through October. Persistent inflation may force the Fed must maintain interest rates within a limited range in the first half of next year. 👉 According to data from the World Gold Council (WGC), central bank gold demand is on track to reach or even surpass last year's record. In early November, WGC said central banks bought more than 800 tons of gold in the first nine months of the year. China, Poland, Singapore and India are the leading countries in gold additions. 👉 Tonight there will be news about IMS and Chairman Powell will speak, the price will fluctuate quite a lot. AEs note the time frame to avoid trading 👉 TECHNICAL COMMENTARY: Gold price in the last 2 days has had selling pressure and gradually adjusted, but not too strongly. The price line is still too high above the EMA 38,89,200, the price is falling to approach the EMA 34, expecting a nice Buy bet in the 2020 area when the price adjusts and touches the EMA 34 there. 📌Trading plan: 🔼 Buy Gold Entry: 2019x -2017x Sl 2014 TP 2026 - 2033 🔼 Sell Gold Entry: 2042 – 2044x Sl 2047 TP 2036 - 2028 - 2020
OANDA:XAUUSDShort
by AETradingFx1
Gold's Story of Resilience and StrengthD ear Esteemed Traders, A s gold has gracefully danced above the EMA, it has painted a beautiful story of resilience and strength. This upward ascent, hand in hand with a rebound from the steadfast blue support zone at the bottom, has ignited a symphony of hope within our hearts. T he question that now echoes through the trading halls is whether gold will reclaim the upper support it once held dear. The breakout from the EMA levels, standing tall and unwavering, beckons us to believe in the power of gold's resurgence. W hile a brief retracement occurred upon reaching the upper blue zone, a testament to gold's ever-evolving nature, it has not retreated significantly. Instead, it has consolidated its forces, poised to reclaim its rightful place. A s we keep a watchful eye on gold's price around this pivotal zone, a potential breakout trading opportunity awaits. If gold holds its ground within the upper blue zone, reestablishing itself as a beacon of support, its price could soar to even greater heights, mirroring the trajectory of the dotted white arrow. H owever, if gold's ascent falters, unable to breach the upper support, its price could descend below the support once more. This scenario, though challenging, could pave the way for further retracements, as depicted by the other dotted white arrow. Remember, dear traders, that this is not an investment advice but rather an invitation to join hands as we navigate the ever-changing landscape of gold's journey. With warmest regards and a heart filled with anticipation, See you in the follow-up!
TVC:GOLDLong
by Elysian_Mind
2
Gold Trading Plan - 27/Nov/2023Hello Traders, Hope you all are doing good!! I expect Gold to go Up after finishing the correction. Look for your BUY setups. NOTE: Many of my earlier posts have been hidden by TradingView due to some house rule violation. They informed it after 6 months of me using the watermark for my company name. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
OANDA:XAUUSDLong
by For3xScalper