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The economy is looking to the FedThe Fed has started its two-day policy meeting and is expected to cut interest rates by another 25 basis points. However, the focus will be on the Summary of Economic Projections (SEP) and dot plot, which provide guidance for interest rates in 2025. While US Treasury yields and real yields both edged lower, the US dollar remained steady. The 10-year Treasury yield fell to 4.379%, while the DXY index rose 0.07% to 107.01. On the technical front, gold prices maintain their long-term uptrend but are under pressure in the short term. The key support level now is $2,600/ounce, which corresponds to the 100-day simple moving average (SMA). A break of this level could send prices lower to $2,531 – the August 20 high. Conversely, if the price breaks above $2,650, the next target will be $2,670 (50-day SMA), and then $2,700. In addition to the Fed’s decision, investors are awaiting the release of the core Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, to gauge the future direction of policy. Signs that the incoming Trump administration may push for expansionary fiscal policy have raised expectations of a change in the Fed’s stance in the near term.
TVC:GOLDShort
by FalCol_TradingMaster
World gold price todayGold prices continued to weaken today due to stronger-than-expected important US economic news. The US retail sales report for November showed an increase of 0.7%, 0.2 percentage points higher than the forecast increase of 0.5%. This information made some gold investors worry that the FED may postpone the 0.25 percentage point interest rate cut after the end of the monetary policy meeting in the early morning of December 19. Since then, many people have temporarily stopped trading gold. On the other hand, gold is also likely to have limited purchasing power due to some forecasts of rising inflation in the US, a slowing labor market..., prompting the FED to stop cutting interest rates early in 2025. At that time, the USD could increase in value very strongly, negatively affecting the world gold price trend. The question now is whether the Fed will be more hawkish or dovish than the market has been expecting. Investors are now expecting the Fed to be more cautious in easing monetary policy, given the impact of Donald Trump’s agenda on inflation.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD M15 I Bearish Momentum?Based on the M15 chart analysis, we can see that the price is rising toward our sell entry at 2645, which is a pullback resistance. Our take profit will be at 2636.49, a swing low support level. The stop loss will be at 2648.90, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
1
Gold Influenced by Various Factors, Focus on The Fed's DecisionGold prices need to clear $2,664-$2,664 levels for investors to gain control of the short-term market. From a technical perspective, any subsequent up-move might face hurdles near the weekly highs, around the $2,664-$2,666 area touched on Monday, ahead of the $2,677 area. A sustained strength beyond the latter should allow Gold prices to reclaim the $2,700 round figure. The up-move could extend towards the monthly swing highs, around the $2,726 zone, above which XAU/USD is likely to resume its upward trajectory. On the flip side, the overnight swing low, around the $2,633 region, now seems to protect the immediate downside ahead of the monthly trough, around the $2,614 zone. This is followed by the $2,600 level, which, if broken decisively, will be seen as a fresh trigger for bearish traders and make Gold prices vulnerable to extending the recent sharp decline from the one-month highs touched last week.
FOREXCOM:XAUUSDShort
by yunusbachtiarr
XAUUSD TODAY CHART OUTLOOKBased on the analysis of this chart, the market demonstrates a cyclical trend of rising and falling movements. This pattern of fluctuations presents opportunities for significant earnings, as it allows investors to capitalize on both upward and downward trends. Understanding these market dynamics and strategically timing investments during these shifts can lead to substantial financial gains. By leveraging this predictable volatility, individuals or institutions can position themselves to maximize profits in both bullish and bearish market conditions.
OANDA:XAUUSD
by SadarExplore
Trend analysis and strategy, continue to look at reboundGold bottomed out and rebounded on the daily line, MA10/7-day moving averages were flat at 2661/70, and the RSI indicator was running at the 50 value of the middle axis. The short-term four-hour chart bottomed out and rebounded, and the Bollinger Band lower track 2630 was supported to a certain extent. The hourly moving average golden cross opened upward, and the RSI indicator bottom diverged and stood above the middle axis. The callback during today's trading day is still mainly for low-price longs, and then consider selling. After yesterday's decline, gold continued to return to volatility. After today, the NY market will usher in the Fed's interest rate decision, so gold will most likely continue to fluctuate before the Fed's interest rate decision, and then wait for the Fed's interest rate decision to decide the winner. The 1-hour moving average of gold is still in a short position. The gold rebound still focuses on the resistance near the last high of 2667 and continues to see a volatile decline. Gold rebounds above 2660 and can continue to be short. Pay attention to the 2633 first-line support below. Gold fluctuates in this range and waits for the Fed's interest rate decision before choosing a direction. First support: 2640, second support: 2633, third support: 2615 First resistance: 2658, second resistance: 2667, third resistance: 2678 Trading strategy: Before the US interest rate decision, sell high and buy low in the range of 2633~2667
OANDA:XAUUSDLong
by Jun-GoldAnalyst
XAUUSD - Daily | BREAKOUT IncomingSimple Trading - Ascending Triangle Gold is overall bullish so if the pattern breaks, it should break to the upside. Of course, if gold can not maintain bullish momentum, it may result in a further decline in the price. This pattern may not break out until the end of Dec. maybe into Jan. with this in mind we are still about to take price action trades on the smaller time frames. Levels to look out for: BULLISH: 2673 - 4hr FVG low 2683 - 4hr FVG High 2700 - supply and demand BEARISH: 2624 - 1hr Head and Shoulder Target 2610 - Daily FVG High 2590 - Daily FVG Midpoint 2575 - Daily FVG Low 2560 - Daily Double Bottom
CAPITALCOM:GOLD
by nikdobii
Why we're on guard for a USD pullbackStrong economic data for the US alongside expectations for the Fed to significantly reduce the pace of their easing cycle has been a main driver for USD bulls. And while the dollar could reach new high with the current backdrop, we're about to enter a phase of the year which greatly favours USD bears. Looking at monthly and daily seasonality patterns in December and forward returns for the USD around Fed meetings, I outline why a pullback - even idf only minor - could be due for the mighty greenback. MS
ICEUS:DX1!Short
by CityIndex
Xauusd sell target today 2628 possibleHere's a summary of your updated XAU/USD trade plan: Trade Plan - _Entry Point_: 2650 - _Target_: 2628 - _Stop-Loss_: 2659 Market Analysis The XAU/USD is experiencing a minor correction, driven by a short-term strengthening of the US dollar. Technical Analysis - _RSI Indicator_: The Relative Strength Index (RSI) is below 50, indicating a short-term bearish momentum. - _Moving Averages_: The 50-day moving average is trending downwards, supporting the bearish view. - _Support Levels_: The support levels at 2628 and 2620 could provide a buying opportunity in case of a further pullback. Risk Management - _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:1.7, which is relatively conservative. - _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:XAUUSDShort
by Geroge_Fx
Transform Your Gold Trades: Ultimate Price Action Insights!FXOPEN:XAUUSD @Alexgoldhunter Price Action Analysis and Strategy Key Levels and Zones Order Blocks (OB): Upper OB: Around 2,653.023 USD Lower OB: Around 2,644.000 USD Break of Structure (BOS): BOS Level: Around 2,644.000 USD Fibonacci Retracement Levels: 0.786 Level: 2,653.09345 USD 0.705 Level: 2,651.001625 USD 0.618 Level: 2,648.75485 USD 0.5 Level: 2,645.7075 USD 0.382 Level: 2,642.66015 USD Volume Profile: Indicates areas with significant trading activity. Higher volume bars at levels like 2,644.000 USD and 2,653.023 USD suggest strong interest and potential support/resistance. Significant Price Levels: p1D High: Noted on the chart. Swing High: Noted on the chart. BMR Low: Noted on the chart. Buy Strategy Entry Point: Consider entering a buy position near the lower OB around 2,644.000 USD, especially if the price shows signs of support and bullish reversal patterns. Stop Loss: Place a stop loss below the lower OB or the BMR Low to minimize risk. Take Profit: Target the upper OB around 2,653.023 USD or the Fibonacci retracement levels (0.618 or 0.786) for potential profit-taking. Sell Strategy Entry Point: Consider entering a sell position near the upper OB around 2,653.023 USD, especially if the price shows signs of resistance and bearish reversal patterns. Stop Loss: Place a stop loss above the upper OB or the Swing High to minimize risk. Take Profit: Target the lower OB around 2,644.000 USD or the Fibonacci retracement levels (0.5 or 0.382) for potential profit-taking. Conclusion By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels. Happy trading! 📈📉 If you have any more questions or need further details, feel free to ask! Follow @Alexgoldhunter for more strategic ideas and minds
TVC:GOLDLong
by Alexgoldhunter
Gold Technical Analysis 17/12/2024 ### Current Price: 2658.00 #### Our Preference - Short Positions: We favor opening short positions below the resistance level of 2665.00. - Targets: Watch for potential targets at 2643.00 and subsequently at 2635.00 for extended moves. #### Alternative Scenario - Bullish Outlook: If the price moves above 2665.00, we may see further upside potential. - Targets for Upside Movement: Key levels to watch include 2674.00 and 2689.00. #### Comments - As long as the price remains below 2665.00, we anticipate a choppy price action with a bearish bias. Traders should remain cautious and reactive to the price movements around this key level. ### Key Support and Resistance Levels - Resistance Levels: - 2689.00 - 2674.00 - 2665.00 - Support Levels: - 2656.00 (Last Price) - 2643.00 - 2635.00 - 2613.00 ### Technical Patterns - Bearish Pennant: Monitor for a potential breakdown of the one-hour bearish pennant. If this pattern breaks to the downside, we could see the price target the 2635.00 to 2613.00 area. - Bullish Confirmation: Conversely, if the price closes above 2666.00 on an hourly candle, it may suggest that gold could rally, with targets set at 2687.00 and 2691.00. ### Conclusion In summary, keep a close eye on the dynamics around 2665.00. The next moves will heavily depend on how the market reacts to this resistance level. Depending on whether the bearish pennant breaks down or if we see a strong close above 2666.00, traders should be prepared for swift price action in both directions. Trade Wisely!
OANDA:XAUUSDShort
by SRFXGlobal
Gold Price Analysis December 17Fundamental Analysis Gold prices traded in a narrow range during European hours on Tuesday and remained near a one-week low touched the previous day. Traders appeared reluctant to signal further interest rate cuts by the Federal Reserve (Fed) before placing any fresh bets. This, in turn, resulted in a range-bound price action for the second consecutive day and ahead of Wednesday’s key FOMC policy decision. Meanwhile, expectations of a less dovish Fed continued to support higher US Treasury yields, which helped the US Dollar (USD) attract some buyers and act as a drag on non-yielding Gold. However, persistent geopolitical risks stemming from the protracted war between Russia and Ukraine and tensions in the Middle East supported the safe-haven. Traders now look to the US Retail Sales figures to see what the market will do next. Technical analysis The important support zone 2647.2 plays a key role at the moment to help gold prices stand firm against a sell-off, when this zone breaks out and waits for a retest to sell, gold will return to the target around 2627 and 2615. When gold fails to break 2647, we have to wait until the Asian session leaves completely and only the European session remains, then we can buy back around 47 and aim for the target of the SELL entry zones around 63-65 and 75-77. Wish you good trading with my strategy
OANDA:XAUUSD
by TVS-Trader
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 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
9