Get started

Xauusdsetup

XAUUSD - DAILY GOLD PLAN 12/13 ⚡️ MACRO INFORMATION: 👉 Gold prices erased Tuesday's gains following November CPI news, while traders focused on the key Fed policy meeting for additional monetary policy concerns. 👉 The entire market spotlight will be on the Fed's two-day policy meeting on Wednesday when the central bank decides on interest rates and releases project summary economic reports. According to general forecasts, the Fed will hold interest rates this week, with about an 80% chance of a rate cut next May, CME's FedWatch tool has found. More refined has gold guide support. 👉 Commenting on gold in the long term, in its 2024 outlook report, Heraeus Metals emphasized the possibility of an economic recession next year. If the scenario plays out, the USD could weaken and that would help push gold prices to new highs. The company forecasts that gold will trade between $1,880 and $2,250 per ounce in 2024. ⚡️ TECHNICAL COMMENTARY: 👉 Today's gold price closed a red candle and had a long candle, this shows that sellers are overwhelming buyers, but there has been quite a quiet dispute. Today we expect the price to recover so we can continue to sell. 👉 According to the indicator set, the price in the daily frame and H4 PHP frame has reached the oversold zone, h1 has a PHP range. 👉Make a trading plan: 🔼 Buy Gold: 1968x – 1966x SL 1963 City 1975 -1987 🔽 Selling Gold: 1995x - 1997x SL 2001 City 1989 – 1982 -1970
OANDA:XAUUSDShort
by AETradingFx1
The NFP will be announced soon, are you ready? Because NFP data will be released today, the market performance in Asia and Europe has been relatively flat, maintaining a narrow range of fluctuations in the 2028-2034 range. Currently, in the 1H chart, the moving averages are highly glued, and resistance is concentrated in the 2031-2033 range. support is near 2028. There are only 3 hours left before the data is released. The market may try to choose a direction within the first 30m of the data release. I predict that the probability of rising first and then falling is high. Today's focus is on data. I plan to trade short. If the data does not match expectations, I will make adjustments at that time (you can leave me a message if you need a complete trading plan). The data market fluctuates greatly. Everyone should control risks during the transaction process. For small accounts, try to control the SL within $5. good luck!
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD:Return to Technical Trading Today's volatility was mainly driven by weekend emergencies. Now that the market has returned to calm, trading has returned to technical aspects again. At present, there is some support from 2023 to 2018. After all, it has experienced a sharp decline. Unless there are special events that have an impact, the repair of the technical form is inevitable. Under this premise, the remaining trading time today and the Asian market tomorrow can be carried out in the 2018-2042 range. In this process, the support is 2018-2023, the resistance is 2031-2033, followed by 2037-2042. If it falls below 2018 , it is likely to return to the range of 2013-2001. The above are my views on gold trading, I hope it can help everyone. If you need more specific information, you can contact me. good luck!
FOREXCOM:XAUUSD
by Allen_Ex
XAUUSD: Gold Analysis Today Gold can be described as two days of ice and fire, the weekend Powell speech is still lingering, gold directly hit a record on Monday, as high as 2144. Due to Powell's dovish speech in the early hours of Saturday morning, the market has become more certain about the expectation of the peak of the US Reserve rate hike, and has deepened the expectation of interest rate cuts beginning next year. So buy the expected to sell the fact, gold yesterday morning opened directly showed, but yesterday morning rose, then directly opened the negative fall situation, the lowest hit 20201 line, a one-day drop of up to 124 dollars, all the support below basically did not play a role, directly below the trend line support. This time, the multi-idling exchange is very urgent, the daily line directly large Yin close long lead, the price back to the short-term average support, meaning that the gold stage bottoming signal appeared, yesterday's surge fell first out of the market, today's volatility may not be too large, first look at the bearish adjustment. This morning took the rebound correction, above the focus on 2050 to 20531 line pressure to look bearish, look at the 2020 low point break, below the support in 2011 to 2013 line, touch can be considered more.
FOREXCOM:XAUUSDShort
by HectorBrown1
💯GOLD PLAN DAILY DECEMBER 1👉 World gold price on December 1, as of early morning (Vietnam time), is trading around 2,036 USD/ounce - down 8 USD/ounce compared to trading at the same time yesterday morning. 👉 Today's gold price was adjusted slightly down after this precious metal hit its highest mark in 7 months. The solid recovery of the US Dollar Index also had a negative impact on the metals market. 👉 Analysts said that although inflation has fallen sharply from the 40-year high recorded in June 2022, it is still much higher than the 2% target set by the Fed. 👉 On Tuesday this week, the US Department of Commerce said that core PCE, the Fed's preferred inflation measure, increased 3.5% in the past 12 months through October. Persistent inflation may force the Fed must maintain interest rates within a limited range in the first half of next year. 👉 According to data from the World Gold Council (WGC), central bank gold demand is on track to reach or even surpass last year's record. In early November, WGC said central banks bought more than 800 tons of gold in the first nine months of the year. China, Poland, Singapore and India are the leading countries in gold additions. 👉 Tonight there will be news about IMS and Chairman Powell will speak, the price will fluctuate quite a lot. AEs note the time frame to avoid trading 👉 TECHNICAL COMMENTARY: Gold price in the last 2 days has had selling pressure and gradually adjusted, but not too strongly. The price line is still too high above the EMA 38,89,200, the price is falling to approach the EMA 34, expecting a nice Buy bet in the 2020 area when the price adjusts and touches the EMA 34 there. 📌Trading plan: 🔼 Buy Gold Entry: 2019x -2017x Sl 2014 TP 2026 - 2033 🔼 Sell Gold Entry: 2042 – 2044x Sl 2047 TP 2036 - 2028 - 2020
OANDA:XAUUSDShort
by AETradingFx1
Gold's Story of Resilience and StrengthD ear Esteemed Traders, A s gold has gracefully danced above the EMA, it has painted a beautiful story of resilience and strength. This upward ascent, hand in hand with a rebound from the steadfast blue support zone at the bottom, has ignited a symphony of hope within our hearts. T he question that now echoes through the trading halls is whether gold will reclaim the upper support it once held dear. The breakout from the EMA levels, standing tall and unwavering, beckons us to believe in the power of gold's resurgence. W hile a brief retracement occurred upon reaching the upper blue zone, a testament to gold's ever-evolving nature, it has not retreated significantly. Instead, it has consolidated its forces, poised to reclaim its rightful place. A s we keep a watchful eye on gold's price around this pivotal zone, a potential breakout trading opportunity awaits. If gold holds its ground within the upper blue zone, reestablishing itself as a beacon of support, its price could soar to even greater heights, mirroring the trajectory of the dotted white arrow. H owever, if gold's ascent falters, unable to breach the upper support, its price could descend below the support once more. This scenario, though challenging, could pave the way for further retracements, as depicted by the other dotted white arrow. Remember, dear traders, that this is not an investment advice but rather an invitation to join hands as we navigate the ever-changing landscape of gold's journey. With warmest regards and a heart filled with anticipation, See you in the follow-up!
TVC:GOLDLong
by Elysian_Mind
2