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XAUUSD Gold price recovers further from one-month low, climbs to $2,620 amid risk-off mood Gold price attracts some haven flows in the wake of the post-FOMC sell-off in the equity markets. The Fed’s hawkish outlook lifts the US bond yields to a multi-month high and might the XAU/USD. Traders now look to the US Q3 GDP print for some impetus ahead of the US PCE data on FridayFrom a technical perspective, the overnight close below the 100-day Simple Moving Average (SMA), for the first time since October 2023, and the $2,600 mark was seen as a fresh trigger for bearish traders. Moreover, oscillators on the daily chart have just started gaining negative traction and suggest that the path of least resistance for the Gold price remains to the downside. Meanwhile, Thursday's attempted recovery stalls near the $2,618 region, or the 23.6% Fibonacci retracement level of the latest leg down from over a one-month high touched last week. The said area should now act as a pivotal point, above which a fresh bout of a short-covering could lift the XAU/USD towards the $2,635 area, or the 38.2% Fibo., en route to 50% retracement level, around the $2,655-2,656 supply zoneGold price (XAU/USD) builds on its goodish intraday recovery from a one-month low and climbs to a fresh daily high, around the $2,622 area during the early part of the European session on Thursday. The global risk sentiment took a turn for the worse in reaction to the Federal Reserve's (Fed) hawkish cut on Wednesday. This, along with geopolitical risks and trade war fears, turn out to be key factors driving haven flows towards the precious metal. Meanwhile, the US Dollar (USD) is seen consolidating the previous day's post-FOMC gains to a two-year top and does little to provide any impetus to the Gold price. That said, the Fed's signal that it would slow the pace of interest rate cuts continues to lift the US Treasury bond yields and acts as a tailwind for the buck. This, in turn, might keep a lid on any further gains for the non-yielding yellow metal and warrants some caution for bullish traders
OANDA:XAUUSDShort
by KingForex078
Nasdaq Futures Rebound or More Decline? Key Levels and StrategieDive into today's analysis of Nasdaq futures for Thursday, December 19, 2024. After yesterday’s significant 1,000+ point drop following interest rate announcements, we assess whether the market will rebound or continue its decline. Here's what you'll discover: 📉 Short Strategies: Key levels like 21,620 and 21,540, with setups to capitalize on continued bearish momentum. 📈 Long Opportunities: Critical zones for potential recoveries, such as 21,700 and 21,870, targeting a resumption of the rally. 📊 Market Context: Insight into yesterday’s drop and its implications for both intraday and longer-term trends. If you’re looking for actionable insights and high-probability setups in a volatile market, this video is for you. Learn how to react to price movements and position yourself effectively. 🔗 Subscribe now for daily market updates, trading strategies, and exclusive content to enhance your trading performance. Don’t miss it!
CME_MINI:MNQH2025Short
by BinvestorsTrading
GOLD NEXT MOVE (bears are in dominance) (17-12-2024)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (17-12-2024) Current price- 2644 "if Price stays below 2660, then next target is 2644 and 2622 and above that 2672 ". immediate support- 2701-2703 -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSD
by AnupZiddi
18
Ethereum Fibonacci Strategy SetupThis ethereum setup I use is on the 15 minute chart. The signals are SMA crossovers of the 13/55. And the moving average plots are using Golden Ratio numbers to forecast near term price movements. Lastly I use a sessions indicator to show the New York & Tokyo sessions. As well as a tick value indicator to show me how much the tick value of the futures contract for Ethereum. Crossover Signals: Long - SMA 13 > SMA 55 Short - SMA 13 < SMA 55 Golden Ratio Plots (SMA): 111 - White 233 - Red 610 - Green Timeframe: 15 minute
CME:ETH1!
by sapphire_edge
Golden Horizons: Technical Precision Meets Fundamental PowerOANDA:XAUUSD - Daily Gold’s Bullish Breakout Shines Bright! Gold (XAU/USD) has confirmed a strong breakout from a Falling Wedge and Rounding Bottom, rebounding off the 50% Fibonacci level (2,533.75). With the next target at the 161.8% extension (3,107.09), this setup offers a potential 16.49% gain in just 77 days. Ideal for position traders seeking long-term growth and swing traders capitalising on interim moves. 🚀✨ 🌟 Technical Highlights: Gold’s Bullish Setup in Focus Gold (XAU/USD) is setting the stage for a remarkable upward journey, supported by two key bullish patterns that signal strong momentum ahead: 1. Falling Wedge The recent breakout from a falling wedge pattern is a textbook example of a bullish continuation. This move signals the end of a consolidation phase, where sellers lose control and buyers step in decisively. The breakout is accompanied by strong momentum, confirming that the bulls are in command and driving prices higher. 2. Rounding Bottom Formation Adding to the bullish case is a clear rounding bottom pattern, a powerful long-term reversal signal. This pattern reflects steady accumulation by buyers, often seen as the market transitions from bearish sentiment to a confident bullish trend. It provides a solid base for sustained upward movement. After retracing to the 50% Fibonacci level (2,533.75), the price rebounded strongly, breaking out with conviction. The next key target lies at the 161.8% Fibonacci extension (3,107.09), representing a potential 16.49% gain over the next 77 days. This setup combines technical precision with a clear path for growth, making it a compelling opportunity for traders to watch. Gold’s journey upward is gaining momentum—don’t miss the move! 🌍 Fundamental Insights: Gold’s Shining Role Gold continues to solidify its status as the ultimate safe-haven asset, thriving on a combination of global uncertainties and supportive monetary policies. The Federal Reserve’s dovish stance, characterised by steady interest rates, has reduced the appeal of fixed-income investments, making gold a preferred alternative for investors seeking stability in a low-yield environment. Simultaneously, persistent inflationary pressures and geopolitical tensions are driving investors toward gold as a hedge against declining purchasing power and economic instability. As crises in key regions escalate, gold’s reputation as a reliable store of value during turbulent times becomes even more pronounced. This blend of factors is propelling gold’s bullish momentum, appealing to both long-term investors and short-term traders eager to capitalise on its growing demand. Gold isn’t just performing; it’s standing out as a pillar of strength in today’s unpredictable financial landscape. 📆 Seasonal Boost: The Golden Demand Wave Gold traditionally enjoys heightened demand in the first quarter, driven by cyclical buying patterns in key markets like India and China. In India, the wedding season and festivals fuel a surge in gold purchases, while in China, the Lunar New Year celebrations see gold as a symbol of wealth and prosperity. These cultural and seasonal factors consistently create upward pressure on prices during this period. This seasonal demand perfectly aligns with gold’s current technical breakout and strong fundamental support. The convergence of these factors strengthens the bullish outlook, making the first quarter a historically proven and timely opportunity for traders and investors to capitalise on gold’s momentum. 🙏✨ Thank You for Reading! Wishing you incredible success on your trading journey! 🌟 Always remember, proper risk management is the cornerstone of sustainable growth in the markets. Stay disciplined, stay confident, and let the charts guide your path. 📈💼 Good luck with your trades—may profits be ever in your favor! 🚀💰
OANDA:XAUUSDLong
by SpicyPips