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Gold is still in a long term uptrend.At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future. Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year. According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation. This message from the Fed will make the gold price trend worse in the long term. Multinational investment bank Goldman Sachs predicts that demand for gold will remain strong as central banks seek to diversify their reserves, especially after Russia's assets are frozen in 2022. 🔥 XAUUSD SELL 2607 - 2609🔥 💵 TP1: 2600 💵 TP2: 2590 💵 TP3: OPEN 🚫 SL: 2615
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD (Gold) Bullish trade Idea over the breakout of 2604.02 leXAUUSD (Gold) Bullish trade idea over the breakout of 2604.02 level. Gold fell on the recent 18 Dec 2024 FOMC, and on 19 Dec 2024 the unemployment data was strong for the US dollar, so now I am watching the buy-side trade idea over the breakout of the 2604.02 level with strong confirmations of price at this level. The setup must meet the required momentum in the price. The sentiments also show the price will move as per the data revelled from various sites. Setup; Gold Buy at level: 2604.2-2605.2 Stop Loss: 2599.2 (50 pips) or the low of previous candle Take Profit; 2623 *Note; If the valid breakout will be found then the setup also valid otherwised find more oppercunity.
FOREXCOM:XAUUSDLong
by Bloom_Forex_Official
12.20 Gold Short-term Operation Analysis StrategyYesterday, the gold market opened at 2645.2 in the morning, and then the market rose slightly. The daily line reached a high of 2652, and then the market was in a range. Before 3 am, the daily line reached a low of 2632.9, and then the market was in a range. Although the Fed cut interest rates by 25 basis points in the early morning, the dot plot showed that the rate cuts next year would be reduced from 4 to 2, and the Fed Chairman later confirmed that the market broke through and fell sharply. The daily line reached a low of 2583.1, and then the market was in a range. The daily line finally closed After the line reached 2585.2, the daily line closed with a saturated large negative line with a slightly longer upper shadow line. After this pattern ended, the rebound trend was destroyed. The market has a need to continue to fall back within a certain period of time. In terms of points, the short position at 2600 this morning was reduced and the stop loss was followed up at 2602. Today's market first rose to give a 2600 short conservative 2612 short stop loss of 2616. The lower targets are 2590 and 2583. If it falls below, it will focus on the 2572 and 2563-2554 support range.
TVC:GOLDShort
by AIan_Gold
2
XAUUSD - sells in play?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair updated from the previous one. Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play. XAUUSD is currently trading at around 2670s . If you remember our previous long-term view on OANDA:XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher. Personal opinion: The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends. KEY NOTES - XAUUSD completed the predicted long-term move to the upside. - XAUUSD sells were called at the top of the area (2714). - XAUUSD failed to break higher and is following the long-term analysis. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
3
12.19 Gold interest rate decision determines direction!How to participate in the short-term gold today? From the daily chart of gold, it is a weak bearish pattern. The upper 2662 is the resonance pressure of the daily and hourly lines. This position has been prompted in recent days. The hourly chart shows that 2651 is the hourly annual line level pressure. This position also suppressed the retracement in the early trading. The hourly BOLL is slowly closing. The data is approaching. The 1-hour and 30-minute charts are also in a volatile pattern. So today's morning trading will not see a big market outbreak. Pay attention to the 2640/38 area below to see a volatile rebound of 2651-2662. When the price reaches 2662, you can first participate in the retracement. Of course, these are all before the data is released. After the data is released, you can still treat it as a shock between 2706-2600.
TVC:GOLD
by AIan_Gold
1
#GOLD NEXT TARGET?The Fed is set to cut interest rates for the third time in a row, by 25 basis points. ➡️➡️- Rate estimates in the Fed's "dot plot" from September forecast 100 basis points of cuts in 2025. ➡️➡️- Wall Street is predicting fewer cuts next year, for a total of 75 basis points. And some are predicting just 50 basis points, a level consistent with swap market pricing. ➡️➡️- Fewer cuts in 2025 are also consistent with the U.S. economy proving more resilient than officials expected just a few months ago. Recent data show inflation is falling more slowly than officials had expected and the labor market is not weakening as much as feared. ➡️➡️- The most important piece to watch is Fed Chairman Powell's remarks and press briefings.
OANDA:XAUUSD
by SadarExplore
Gold - The Next Bitcoin?The markets are beyond stretched—they’re squeezed all the way to the moon. Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips. Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like crash could unfold—you’ll see we’re staring at the perfect recipe for a stock market KABOOM. So, where will traders, investors, and even grandmas rush to when this unwinds? My bet: Gold. Where else? This is when the Gold Rocket ignites, replacing Bitcoin and the MAG7, creating yet another bubble—a glittering tulip 5.0. And just like before, it’ll burst when the fuel runs out. Buckle up! 🚀
COMEX:GC1!Long
by Tr8dingN3rd
3
12.18 Gold tests low and waits for interest rate cutYesterday, the gold market opened at 2652.6 in the morning. After that, the market rose to 2658.9. After that, the market continued to fall under pressure. The daily line reached 2632.7 at the lowest point. After that, the market was slightly pulled up by the support of the 50 mark of the Fibonacci in this round of upward movement. The daily line finally closed at 2646.2. After that, the market closed in a hammer pattern with a long lower shadow. After this pattern ended, the daily line constructed a rubbing signal. Against the background of the Fed's interest rate cut tomorrow morning, today's retracement layout is long. Intraday short-term operation suggestions: BUY: 2640 Defense 35 30 $: 55 62 68
TVC:GOLDLong
by AIan_Gold
1
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
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
12.18 Gold shock revision BUYGold rebounded slightly yesterday, with a small cross positive line on the daily line. 1. After bottoming out and rebounding in the morning, it started to rise from 2650 in the afternoon. 2662-3 is the 382 position of the rebound from Friday's decline, and 2664 is the continued decline, so it is the key resistance level. The two watersheds are very clear, one is the low point of 2643, and the other is the European session time point. Therefore, the 2650 line was chosen to bet on the rebound. 2. The 2662-4 line, the evening retracement, the formula emphasizes that the European session opened a decline in the morning, oscillated, especially the rebound from 6-8 o'clock, so in this process, the price did not break through from 8-10 o'clock, and it has been sideways, so the probability of a retracement in the US session is very high. 3. The 2650-1 line, yesterday's intraday rise and retracement to the 618 position, the standard 618 in the oscillation is better to make a mistake than to let it go. Although the 618 position was touched yesterday or sideways this morning, the strength of the pullback is not large, but it is still a sign of oscillation. Today, it is quite controversial. The daily small cross positive line, according to the previous rhythm, the daily positive line is a continuous positive line, so we still need to see a rebound. The cross K is also the transit point of the short-term decline, so the European session time is very important. The watershed 2643 is also very important, which is the key to see whether it will continue to fall. From the operation point of view, in the morning at 618, the 4-hour is still more, 2651-2 is more, if you don’t participate before 7-8 in the morning, you won’t participate in the second time. Today, we really need to observe the strength and weakness of the day. Look at the rhythm of the day’s operation and the layout of the US market. 1. Break 2643 during the day, the US market will pull back and empty, and the support level is 2630-32. 2. If it continues to rise during the day, the daily line is likely to go through a cycle of continuous positive rebound. Today, we will see a pullback of 618. If it is touched, you can short. You can’t double top short. Intraday short-term operation suggestions: BUY: 2640, defense 30, target 55-60
TVC:GOLDLong
by AIan_Gold
1
12.17 Gold Short-term Operation Analysis SELLGold was still fluctuating and repairing yesterday, but it eventually fell under pressure. Gold was still fluctuating with a short side. Rebounds are still opportunities to continue to short. Gold is still short at the current price of 2656 in the early trading! The 1-hour moving average of gold is still a short arrangement with a death cross downward. The adjustment of gold has not ended. Gold fell under pressure at 2665 yesterday, indicating that gold is still in a strong resistance zone above 2660. It is still short at highs under pressure at 2665 in the Asian session. It can also be shorted near 2656 in the Asian session. Gold is fluctuating and urgently needs to choose a direction. Of course, it is now a fluctuating relay of the decline, so it is still short at highs. The focus of this week is the Federal Reserve’s interest rate decision waiting to be launched, which is also the battle between the long and short positions of gold. Whether the gold bulls can turn the tide depends on the impact of the data. Of course, if gold does not break a new low for a long time, it is not ruled out that gold has the possibility of short-term bottoming, so it is time to be flexible at any time. Asian trading strategy: Short gold at 2656, stop loss at 2666, target at 2640-2635
TVC:GOLDShort
by AIan_Gold
1
Gold: Bullish Move AheadThe gold market has been exhibiting bullish momentum, supported by an upward trendline. After reaching a recent low at approximately 2,611.93 USD, the price has shown signs of a rebound near key Fibonacci levels. The key support area around 2,610.00 USD (0.786 retracement level) is holding strong, and gold is now approaching the 0.50 Fibonacci retracement level at 2,669.02 USD. If the price manages to break above the 2,669.02 level, the next target would be near the 0.236 level around 2,699.16 USD. The bullish trend could accelerate further if gold surpasses the 2,726.10 USD resistance zone. Key Levels: Support: 2,611.93 USD Resistance: 2,726.10 USD Fibonacci Retracements: 2,655.54 (0.618) and 2,669.02 (0.50) act as significant levels for potential breakouts.
TVC:GOLDLong
by me22_
1
Forecasting the direction of gold for the rest of this yearAt the beginning of the trading session on December 16 (US time), world gold prices increased. The market expects the US Federal Reserve (Fed) to cut interest rates by 25 basis points at its meeting on December 17-18 (US time). Investors took advantage of buying gold to get ahead of the uptrend after the Fed's decision. After a series of unusual developments in gold in recent times, experts are still cautious with the precious metal in the short term. Some investors are tending to sell to take profits in the last weeks of the year. Marc Chandler, CEO of Bannockburn Global Forex, said that the direction of gold depends on the Fed's decision. Gold is at risk of falling to the $2,600/ounce mark if the Fed signals a smaller reduction or stops cutting interest rates next year. Forecasts that the US economy will likely be more stable and stronger next year. This means the Fed has little reason to lower interest rates, and gold prices may not receive as much support as this year.
TVC:GOLD
by FalCol_TradingMaster