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Xauusdshort

Gold will Go Down Again!!!Gold ( OANDA:XAUUSD )started to decrease yesterday after the release of the US indexes(Federal Funds Rate, FOMC Economic Projections, FOMC Statement) . Gold is moving near the Resistance zone($2,642-$2,620) and Resistance lines . In terms of Classic Technical Analysis , Gold appears to be forming a Rising Wedge Pattern . According to Elliott's wave theory , Gold is completing wave 4 . The probability that the wave structure of wave 4 will be complicated is very high. Of course, it depends on today's US indexes (Final GDP, Unemployment Claims) . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Gold to start declining again from the Potential Reversal Zone(PRZ) and AFTER breaking the lower line of the wedge pattern , it will fall to at least $2,611 and attack the Heavy Support zone($2,605-$2,584) . ⚠️Note: If Gold breaks the Potential Reversal Zone(PRZ) and Resistance lines, we can expect more Pumps.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
10
Bears dominate - gold selling pressure below 2600⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Thursday's US economic data revealed a decline in unemployment claims, while the final Q3 GDP report from the Bureau of Economic Analysis confirmed 3.1% year-over-year growth. Despite these figures, market attention remains focused on projections for 2025. The Federal Reserve (Fed), led by Chair Jerome Powell, reduced interest rates by 25 basis points, though the decision was not unanimous, with Cleveland Fed's Beth Hammack dissenting in favor of maintaining current rates. Fed officials have also shifted focus to inflation, as reflected in the dot plot. Their projections indicate two 25-basis-point rate cuts in 2025 and another two in 2026. ⭐️Personal comments NOVA: Strong Bearish Trend - Pressure on Market Maintains Around 2600 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2626 - $2628 SL $2633 TP1: $2620 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2576 - $2574 SL $2569 TP1: $2582 TP2: $2590 TP3: $2600 ⭐️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
XAU/USD "GOLD vs US Dollar" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📉 : You can enter a short trade at any point, however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest high level. Goal 🎯: 2540.00 or Before Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
OANDA:XAUUSDShort
by Thief_Trader
XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. XAUUSD is currently trading at around 2605 . We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago). Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play. Overall XAUUSD is still extremely bearish . We could see the following scenarios happen. Scenario 1: SELL from 2620 We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells. Scenario 2: SELL from 2633 A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level. Scenario 3: SELL from 2590 Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD. Personal opinion: The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends. KEY NOTES - XAUUSD is overall bearish. - XAUUSD sells are valid from key pullback areas 2620 and 2633. - XAUUSD breaks below 2590 would also confirm further sells. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
Short gold after hitting 2635-2645 areaBrothers, we went long on gold near 2591 yesterday and closed the long position near 2607 this morning, making a profit of 160 pips easily, which is a very good trading result. After closing the long position, I originally planned to wait for gold to fall back and continue to go long on gold in the 2595-2590 area, but after I closed the order, gold has been fluctuating in the 2607-2600 area, and did not give me the opportunity to go long on gold again. So it's a pity that I missed this time when gold continued to rebound. At present, gold has reached around 2628, and the increase has not exceeded my expectations. I think gold may even continue to rebound to the 2635-2645 area. However, if gold touches this area for the first time, I think there will be an opportunity for gold to fall back to build up momentum and extend its effect. So, if gold touches the 2635-2645 area as expected, I will choose to short gold once!Bros, will you choose to short gold like me? 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:XAUUSDShort
by Trader_Marvin
Gold UpdateGold has formed: 1- Valid ascending channel (in blue) with multiple touches . 2- Head & Shoulders (in yellow). 3- Resistance on the right shoulder. As long as the right shoulder resistance still stand with no broken candle, both 2 & 3 are still valid and considered as good strategies Now we’re waiting for an H8 candle to broke and close clearly under the last touch (trigger point) of the our blue channel and to retest and get rejected from below of the channel so we can enter a Short (sell) trade Follow us for more ideas and updates
OANDA:XAUUSDShort
by HazTheTrader
Will the interest rate cut in late 2024 happen? XAU UP OR DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 12/16 - 12/20/2024 🔥 World situation: Although gold posted some losses, it remains up nearly 1% for the week, supported by a mix of US economic data. While inflation figures were varied, the latest Initial Jobless Claims report strengthened investor confidence in a December rate cut by the Federal Reserve. Attention now shifts to the Fed’s December 17-18 policy meeting, with traders pricing in a 93% likelihood of a 25 basis point cut, according to CBOT data. Following the announcement, all eyes will be on Fed Chair Jerome Powell’s press conference for insights into the policy direction for 2025. 🔥 Identify: H4 is seeing price close to the bullish trendline - which will be validating the last rate cut of the year. There will be some upside but it will still be difficult to break above the 2723 price zone 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2678, $2723 Support : $2613, $2590, $2535 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
Negative News - XAU Continues Bearish Cycle ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rebounds from a one-month low near the $2,584-$2,583 region seen during the Asian session on Thursday, halting a two-day losing streak. Geopolitical tensions and trade war fears, combined with the Federal Reserve's (Fed) hawkish shift on Wednesday, have weighed on global risk sentiment. The resulting declines in equity markets have driven safe-haven demand for gold. However, the Fed's signal of a more cautious approach to rate cuts next year has kept US Treasury yields near multi-month highs and supported the US Dollar (USD), which remains close to a two-year peak. These factors could limit gold's upside, urging caution for bullish traders. Market participants now await US economic data, including the final Q3 GDP figures and Weekly Initial Jobless Claims, for short-term trading cues. ⭐️Personal comments NOVA: The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635 SL $2640 TP1: $2625 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2585 - $2583 SL $2578 TP1: $2595 TP2: $2607 TP3: $2624 ⭐️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
3
Gold: Navigating a Range-Bound Phase After the DropGold (XAU/USD): Consolidation in a Bearish Territory Amid Uncertainty The gold market has entered a consolidation phase, trading within a defined bearish range following a sharp sell-off on Wednesday. This pullback comes as the precious metal adjusts to a complex interplay of technical and fundamental factors, with current attention focused on the critical price levels of 2622 – 2581. A deeper look into the backdrop reveals that sentiment remains subdued due to broader market dynamics, and the technical setup underscores the vulnerability of gold prices as they test recent lows. Fundamental Overview: Fed’s Conservative Stance and Market Implications The Federal Reserve’s latest policy meeting on Wednesday had ripple effects across global markets. Adopting a more cautious stance, the Fed announced plans for just two rate cuts in 2025. This decision disappointed investors hoping for a more dovish approach and weighed heavily on risk-sensitive assets, including gold. Meanwhile, the dollar emerged as the clear beneficiary, strengthening to new local highs as traders flocked to safe-haven assets tied to U.S. monetary policy. The dollar’s rally placed additional pressure on gold, which often moves inversely to the greenback. However, the broader implications extend beyond just this week. Gold's recent struggles highlight the ongoing challenge of balancing inflation expectations, geopolitical risks, and macroeconomic trends. Looking ahead, today’s release of the Personal Consumption Expenditures (PCE) index—widely regarded as the Fed’s preferred measure of inflation—could introduce another layer of volatility. A surprise deviation from expectations in the PCE data, whether upward or downward, could significantly impact gold prices. Furthermore, any unexpected escalation in political uncertainty, whether domestic or international, has the potential to act as a short-term catalyst for the metal, possibly leading to a recovery attempt toward resistance levels. Technical Analysis: Testing the Lows in a High-Volatility Environment From a technical perspective, gold remains entrenched within a consolidation zone after the steep decline earlier this week. Such a pattern is not uncommon at this time of year, characterized by thin liquidity and heightened volatility as institutional players wind down for the calendar year. Price action suggests that the market is trading in a relatively wide range, bounded by key resistance levels at 2616 – 2622 and notable support levels at 2589, 2581, and 2560. Currently, prices hover near the lower end of this range, testing the support levels repeatedly. If the support at 2581 holds, it may trigger a short-term recovery toward the upper boundary of the range. However, any failure to defend these levels could lead to a retest of deeper support at 2560, further cementing the bearish outlook. Conversely, on the upside, resistance around 2616 – 2622 remains critical. A breakout above this zone may entice bullish momentum, but such a move is likely to be capped or short-lived, given the overarching fundamental headwinds. In fact, a retest of this resistance could result in a false breakout scenario, where prices temporarily breach the level before reversing sharply back into the range, targeting local lows. Trading Strategy and Broader Market Context For traders navigating the current environment, the focus should remain on the boundaries of the consolidation range. Range-bound strategies, such as buying near support and selling near resistance, could be effective in the short term. However, caution is warranted given the heightened sensitivity to macroeconomic events, including today’s PCE data release and potential geopolitical developments. In the longer term, the bearish undertone suggests that gold may continue its descent unless a significant shift in fundamentals alters the market narrative. Any sustained rally would require a combination of favorable catalysts, such as a dovish pivot from the Fed, a weakening dollar, or heightened geopolitical tensions. Conclusion Gold’s journey through this consolidation phase is emblematic of the broader uncertainty gripping financial markets. While the precious metal has shown resilience in the past, the current setup underscores the challenges it faces in a bearish environment. Resistance at 2616 – 2622 and support at 2581 – 2560 serve as pivotal levels to monitor, with price action within this range offering opportunities for tactical trades. In the grander scheme, the coming weeks will likely determine whether gold can break free from its consolidation or succumb to further selling pressure. As we approach the end of the year, reduced liquidity and heightened volatility will remain defining features of the market, setting the stage for potentially significant price swings in early 2024. (The market decides how much profit you make. You decide how much you lose.)
OANDA:XAUUSDShort
by lonelyPlayer0
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
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