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XAUUSDG trade ideas

Turning to long goldBros, today gold continued to retreat, and the current lowest has reached around 2665, and the short trend of gold is obvious. So where will gold fall? Should we continue to short gold? In fact, from the perspective of the gold structure, the 2665-2655 area is the bottom position of the rising relay in the rising structure, so this area plays an important supporting role. If gold cannot fall below this area, then gold's current downward trend is merely a correction to the rising trend. Therefore, gold may still rebound with the help of the 2665-2655 area, or it may hit the 2680-2690 area again. So in terms of short-term trading, when most people are still shorting gold, I quietly started to go long on gold! Brors, let's wait and see! 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
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
We are bearish and sell below the resistance of 2710Gold fell sharply on the daily line, breaking the bullish structure that had been rising strongly from 2613 to 2726 in this round. The daily line retracement tested the MA5 daily moving average. The upper track of the Bollinger Band suppressed the 2713 line, the middle track was at the 2654 line, and the RSI indicator was running above the central axis. The short-term chart fell below 2700 in four hours, and a structure of accelerated decline appeared. The RS1 indicator returned to the central axis. The intraday trading ideas for gold are short-term bullish and long-term bearish! Gold fell from a high level in the US market and is now under pressure at 2713. Gold can be sold directly near 2710. The 1-hour moving average of gold has begun to turn at a high level. After the downward divergence, the downward space of gold will be further opened, and it will continue to be sold under the pressure of 2710! First support: 2675, second support: 2670, third support: 2660 First resistance: 2692, second resistance: 2700, third resistance: 2713 Trading strategy: BUY: 2680-2678 SELL: 2710-2712
TVC:GOLDShort
by Jun-GoldAnalyst
1
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
GOLD PRICE TREND ANALYSIS FOR TODAY, DECEMBER 13, 2024SPDR Gold Trust sold 24.88 tons of gold on December 12, which is the reason for the sharp decline in gold prices last night, suddenly dropping back into the previously broken downtrend structure around the 2675-2676 region. Key Resistance Levels: 2700 - 2710 - 2732 Key Support Levels: 2666 - 2675 XAUUSD OANDA:XAUUSD Trading Strategy Around Price Zones: SELL XAUUSD around the 2700-2701 region Stoploss: 2706 Take Profit 1: 2695 Take Profit 2: 2690 Take Profit 3: 2675 “If there is a breakout above the 2728 level during the day, we look to sell around the 2749-2750 region in a long-term channel.” BUY XAUUSD around the 2675 region Stoploss: 2670 Take Profit 1: 2680 Take Profit 2: 2685 Take Profit 3: 2690 Note: Always set a stop loss in all cases to stay safe! @Henrybillion wishes you a successful trading day.
OANDA:XAUUSD
by Henrybillion
Gold Accumulation phase THE STORY OF THE DOJI: A large institutional player attempted to orchestrate a stop hunt, creating a false sense of market direction to trigger stops and ignite a sell-off. However, the subsequent price action revealed their hand. The Doji candle at the support level indicated a loss of conviction among sellers, while the slow distribution and step-like pattern suggested a more deliberate and calculated market behavior. The bullish candle that formed at the support level, particularly after the attempted stop hunt, implies that the market is rejecting the lower prices and that buyers are absorbing the selling pressure. This price action suggests that the institutional player's attempt to short the market may have been unsuccessful, and that the market may be poised for a reversal or a continuation of the uptrend. All based on my observational bias
TVC:GOLDEducation
by zikzay1
Scalping XAU / USD ! Resistance 2655SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Political unrest in South Korea, geopolitical tensions, and trade war concerns lend support to the safe-haven Gold price. However, modest strength in the US Dollar (USD), fueled by expectations that the Federal Reserve (Fed) may take a less dovish approach due to speculation that President-elect Donald Trump's policies could drive inflation higher, limits further gains for XAU/USD. Additionally, traders appear cautious, likely holding off on significant moves ahead of this week’s upcoming US consumer inflation data release. ⭐️Personal comments NOVA: Maintaining the sideway price range - scalping the 2655 resistance zone ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping TP1: $2650 TP2: $2645 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
6
SHORT TERM PREDICTIONKey Factors Influencing XAU/USD: U.S. Inflation Data: The latest Consumer Price Index (CPI) report indicates a 0.3% monthly increase and a 3.3% annual rise, aligning with market expectations. This suggests a moderate inflation environment, potentially leading to a more dovish stance from the Federal Reserve. Federal Reserve Policy Outlook: Market participants anticipate an 86% probability of a 25-basis-point rate cut in the upcoming Federal Reserve meeting. A rate cut could weaken the U.S. dollar, making gold more attractive to investors. Technical Indicators: Gold prices are currently testing key resistance levels around $2,695 to $2,700 per ounce. A sustained break above this range could signal further upside potential. Conversely, failure to surpass these levels may result in a pullback toward support around $2,683. Short-Term Prediction: Given the current economic indicators and technical factors, XAU/USD is likely to trade within the $2,683 to $2,700 range today. A dovish signal from the Federal Reserve could propel prices above $2,700, while any hawkish surprises may lead to a decline toward the lower end of the range.
FOREXCOM:XAUUSDShort
by TREXTROFX
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