Here is our view and update on XAUUSD. Potential opportunities and what to look out on the pair and sharing possible entries and important Key Levels.
XAUUSD is currently trading at around 2750s. We are sharing a few possible scenarios on gold and these scenarios are written from just a TA (Technical Analysis) point of view and possible outcomes with the Interest Rate Decision and FOMC data.
Scenario 1: BUYS
-We broke above 2766.
With the break of 2766 we could possibly see new ATH prices being printed and gold would remain being bullish overall.
Scenario 2: SELLS
-We broke below 2750 with 0.25% Interest Rate Cuts.
With the break of 2750 we can expect more sells on gold possibly repeating the previous outcome (18th of December 2024).
IMPORTANT KEY LEVELS:
-2766; breaks above would result in gold revisiting ATH (All Time High) and new highs.
-2750; breaks below would result in sells
-2740; breaks below confirming lower levels
-2720; breaks below confirming lower levels
-2690; breaks below would confirm gold is bearish and we should see lower levels (2590..)
Personal opinion:
We could possibly see the repeat of the previous Interest Rate Decision with a 0.25% cut and FOMC helping the DXY with more upside. For now we are planning on XAUUSD sells if the same results are out.
KEY NOTES
- XAUUSD breaking above 2766 would confirm buys and higher levels.
- XAUUSD breaking below 2750 would confirm sells.
- Breaks below 2740 would confirm lower levels.
- Trades are only valid if we break the mentioned levels.
Happy trading!
FxPocket
XAUUSD is currently trading at around 2750s. We are sharing a few possible scenarios on gold and these scenarios are written from just a TA (Technical Analysis) point of view and possible outcomes with the Interest Rate Decision and FOMC data.
Scenario 1: BUYS
-We broke above 2766.
With the break of 2766 we could possibly see new ATH prices being printed and gold would remain being bullish overall.
Scenario 2: SELLS
-We broke below 2750 with 0.25% Interest Rate Cuts.
With the break of 2750 we can expect more sells on gold possibly repeating the previous outcome (18th of December 2024).
IMPORTANT KEY LEVELS:
-2766; breaks above would result in gold revisiting ATH (All Time High) and new highs.
-2750; breaks below would result in sells
-2740; breaks below confirming lower levels
-2720; breaks below confirming lower levels
-2690; breaks below would confirm gold is bearish and we should see lower levels (2590..)
Personal opinion:
We could possibly see the repeat of the previous Interest Rate Decision with a 0.25% cut and FOMC helping the DXY with more upside. For now we are planning on XAUUSD sells if the same results are out.
KEY NOTES
- XAUUSD breaking above 2766 would confirm buys and higher levels.
- XAUUSD breaking below 2750 would confirm sells.
- Breaks below 2740 would confirm lower levels.
- Trades are only valid if we break the mentioned levels.
Happy trading!
FxPocket
Trade closed: target reached
Gold is trading above 2800.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.