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GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market. The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected. The Fed's hawkishness has played its role: the dollar is rising, markets are falling. Today all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
SPY/QQQ Plan Your Trade For 12-19 : Top PatternToday, we should expect the SPY/QQQ to move a bit higher - trying to form a short-term top before price rolls downward again. I urge traders to stay very cautious of early trending and look for a bigger opportunity later in the day as price rolls downward. Gold and Silver are struggling. I still believe Gold and Silver will rally higher as fear elevates. But right now - that is not happening. I need to see Gold and Silver move away from this panic selling before I can become move convinced of a trend. Stay cautious if you are trying to trade Gold and Silver right now. Bitcoin is moving through an EPP pattern very cleanly - actually a DUAL EPP pattern. $95-$99k should be the downside price target throughout this move. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
Gold Drops $65 as Bearish Momentum Dominates Post-Fed DecisionGold Technical Analysis Gold prices dropped approximately $65 yesterday following the Federal Reserve's rate decision. The market continues to exhibit bearish momentum as long as it trades below 2623 and 2612, targeting 2585. A break below 2585, confirmed by a 1-hour or 4-hour candle close, could push the price further down to 2558. The gold market is expected to remain volatile, with the upcoming GDP report playing a crucial role: If GDP comes in below the expected 2.8%, this could support a bullish move. If GDP exceeds 2.8%, this could reinforce the bearish trend. Key Levels Pivot Point: 2612 Resistance Levels: 2623, 2638, 2653 Support Levels: 2585, 2572, 2558 Trend Outlook Bearish below 2623 and 2612 Bullish above 2623
OANDA:XAUUSDShort
by SroshMayi
Gold - TRIO RETEST!Dear TradingView community and fellow traders, I find the daily chart for Gold to be interesting as it appears to be forming one of my favorite patterns. What I call TRIO RETEST Here is why the blue circle is a strong zone to keep an eye on: 1️⃣ => Overall Trend Gold has been bullish long-term trading inside the rising broadening wedge in blue and now approaching the lower blue bound / trendline acting as a non-horizontal support. 2️⃣ => Round Number The $2,500 marked in green is a strong round number. 3️⃣ => Oversold Zone Gold is bearish short-term trading inside the falling channel in red and now approaching the lower red trendline which I consider an oversold zone. As per my trading style: As Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break, and so on...) 📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques. All Strategies Are Good; If Managed Properly! ~Richard Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
OANDA:XAUUSDLong
by TheSignalyst
2
THE KOG REPORT - FOMC THE KOG REPORT – FOMC This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. For this FOMC we have the following key levels which need to be monitored and can be used for potential spikes. 2630-25 support, which is too close to target from here could give us that push upside into the higher levels of 2650-55 and above that 2660-65. It’s that higher region we will want to be watching closely for a potential RIP and opportunity to then short back down as shown on the chart. Immediate levels are no good to us here if there is exaggerated volume in the markets on the release, or the press conference 30mins after. On the flip, if we continue the move downside breaking through the 2630 level we will be looking lower, 2610 as the point of interest but the extension of the move into the 2590-95 region is where we will want to be to waiting for the RIP and potential opportunities to then long back up. Simple one this time, if we don’t get the levels, we want we’ll stay out of it and come back tomorrow to look for a decent set up. Our bias target at 2667 still remains so please play caution. RED BOXES: Break above 2640 for 2650, 2660 and above that 2668 Break below 2625 for 2610, 2596 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
GOLD: Assessing Recent Market Shifts and Future OutlookFollowing a significant drop triggered by the recent USD economic news, gold prices have begun an intraday recovery from a one-month low of approximately $2,602 as I write this article. The global risk sentiment has notably deteriorated in response to the Federal Reserve's hawkish stance announced on Wednesday. Geopolitical uncertainties and concerns regarding trade conflicts have also contributed to heightened demand for safe-haven assets like gold. From a technical perspective, the bearish momentum does not appear to be over. There exists the possibility that gold prices could experience a pullback, potentially retesting a previous demand zone that may provide some support. Furthermore, the Fed’s indication to decelerate the pace of interest rate cuts has resulted in rising yields on US Treasury bonds, which typically strengthens the US dollar. This dynamic may serve to limit any further upward movement for gold, which does not yield interest, making it less attractive in comparison to interest-bearing assets. As a result, traders with bullish positions should exercise caution as the market navigates these complex influences. Previous Forecast : ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1
GOLD recovered quite strongly, falling after FOMCOn the Asian market today (Thursday, December 19), OANDA:XAUUSD Spot trading recovered strongly after a sharp decline in the previous trading day. Gold price reached its highest level at the time of writing at 2,618 USD/ounce, an increase of nearly 30 USD during the day. The market will next receive US economic data, including final third-quarter GDP and weekly unemployment claims. Market attention will then turn to Friday's release of the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, which will boost the U.S.'s copper performance. US Dollar and gold in the short term. FOMC On Wednesday, the Federal Reserve cut interest rates as expected and predicted less policy easing in 2025. Federal Reserve Chairman Powell said the threshold for the next rate cut could be higher, which sent the US Dollar and US Treasury yields soaring, while at the same time, Gold fell more than 2% to a one-month low in trading on Wednesday. Federal Reserve officials cut interest rates for a third straight time on Wednesday, but lowered their forecast for the number of rate cuts next year, signaling they are increasingly cautious about being able to reduce spending. How quickly does the loan cost? The Federal Open Market Committee (FOMC) voted 11-1 on Wednesday to lower the federal funds rate to a range of 4.25%-4.5%. Cleveland Fed President Beth Hammack voted against, in favor of keeping interest rates unchanged. In the FOMC policy statement, Fed officials noted that economic activity continued to expand at a solid pace. Labor market conditions have generally eased since the beginning of this year, with the unemployment rate rising but remaining low. Inflation has made progress toward the committee's 2% target but remains high. The new Dotplot chart shows some officials expect fewer interest rate cuts next year than they estimated just a few months ago. Fed officials currently expect the benchmark interest rate to be between 3.75% - 4% by the end of 2025, which, according to the median estimate, would mean two rate cuts of 25 points each. basic. Jerome Powell The Fed will cut interest rates only twice next year amid rising inflation, according to Fed Chairman Jerome Powell, a forecast consistent with Trump's wait-and-see approach when he returned to the White House in January. Powell said Fed policymakers want to see more progress in reducing inflation when considering future rate-cutting strategies. US federal funds rate futures have reflected that the Federal Reserve will leave its benchmark overnight interest rate unchanged at its policy meeting on January 28-29 next year. Analysis of technical prospects for OANDA:XAUUSD Thus, gold has enough conditions to decrease in price after falling below the 0.618% Fibonacci level and bringing price activity back below the EMA21 moving average, with a sudden impact from fundamental factors. In the short term, although gold recovered from the 0.786% Fibonacci retracement level at $2,591, which was the bearish target noted by previous readers, it could still continue to decline further with a target around $2,538. . When the Relative Strength Index dropped below the 50 mark and was quite far from the oversold area, it showed that there is still plenty of room for price decline ahead. During the day, gold price increases as long as they do not surpass the 0.618% Fibonacci level and EMA21 should only be considered short-term recovery. Along with that, the downward trend in gold prices will be noticed again by the following technical levels. Support: 2,591 – 2,552 – 2,538USD Resistance: 2,624 – 2,634USD SELL XAUUSD PRICE 2635 - 2633⚡️ ↠↠ Stoploss 2639 →Take Profit 1 2628 ↨ →Take Profit 2 2623 BUY XAUUSD PRICE 2549 - 2551⚡️ ↠↠ Stoploss 2546 →Take Profit 1 2556 ↨ →Take Profit 2 2561
OANDA:XAUUSD
by Xayah_trading
Silver H4 | Rising into pullback resistanceSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 29.79 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Stop loss is at 30.90 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance. Take profit is at 28.86 which is an overlap support. 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 (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:XAGUSDShort
by FXCM
3
Could the price reverse from here?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the pullback support. Pivot: 2,627.26 1st Support: 2,585.13 1st Resistance: 2,664.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
GOLD: Technical Trends and Fed Meeting Impact AheadGold remains relatively stable, hovering around $2,644 on Wednesday as I draft this article. This follows a rebound from a one-week low reached on Tuesday. The precious metal is currently under some pressure as investors anticipate the results of the final Federal Reserve meeting of the year. From a technical standpoint, gold has already tested a significant daily demand zone, subsequently retreating from a high of $2,720. Now, the metal appears poised for a potential bearish trend as the US dollar continues to gain strength. Retail traders are predominantly holding long positions, whereas commercial traders seem to be reducing their long exposure, which could suggest a shift in market sentiment. Looking ahead, the upcoming economic data from the US, including the Federal Open Market Committee (FOMC) meeting today and the unemployment claims report tomorrow, could provide further support to the dollar. If these reports indicate stronger economic conditions, it may exacerbate a bearish trend for gold prices. As the market assesses the Fed's policy direction and its implications for interest rates and the dollar, gold will likely remain on the defensive. Investors should monitor these developments closely, as they could significantly influence gold's price movements in the near term. The combination of potential dollar strength and a shift in positioning among traders adds to the likelihood of continued bearish pressure on gold. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1