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Don’t worry when buying gold at the bottom The Fed's interest rate decision on Wednesday and Powell's subsequent speech, although the interest rate was cut by 25 basis points as expected, its "hawkish" tone had a significant impact on the price of gold. The Fed lowered its expectations for future easing policies, predicting only two interest rate cuts of 25 basis points in 2025, lower than the previous forecast. This shows that the Fed is more concerned about inflation risks and remains cautious about economic growth. This policy shift resonates with strong US economic data, further strengthening the market's expectations for the Fed's future policies. The final value of US GDP in the third quarter was revised up to 3.1%, higher than expected, and the number of initial jobless claims also fell sharply, showing that the labor market is still strong. These data show that the resilience of the US economy is stronger than expected, providing support for the Fed to maintain a relatively tight monetary policy. For the gold market, the Fed's "hawkish" stance has put significant pressure on gold prices. As a non-interest-bearing asset, gold's price is negatively correlated with interest rates. A low interest rate environment is usually good for gold because it reduces the opportunity cost of holding gold. However, the Fed has hinted at a slower pace of rate cuts, or even a pause, raising the opportunity cost of holding gold, dampening demand for the metal. The strengthening of the U.S. dollar index has also had a negative impact on gold prices denominated in U.S. dollars. The market is currently divided over expectations for inflation. While recent inflation data has retreated, it is still above the Fed’s target level. Fed officials have also expressed concerns about persistently high inflation. The upcoming core PCE data (the Fed’s preferred inflation indicator) will be the focus of market attention, and the results will have an important impact on gold prices. If the data shows persistently high inflation, it could push up gold prices; otherwise, it could put further pressure on gold prices. While the Russia-Ukraine conflict is still ongoing, the market has adapted to its impact on the global economy and financial markets. Recently, some geopolitical events have had a relatively short-lived and limited impact on gold prices. Market sentiment plays an important role in gold price fluctuations. Recent stock market volatility reflects investors’ concerns about the outlook for global economic growth, which could boost demand for gold as a safe-haven asset. However, strong economic data and the Fed's "hawkish" stance have eased market concerns about risky assets to a certain extent, weakening the safe-haven function of gold. 1 The Fed hinted that it will slow down the pace of interest rate cuts in the future, which will put some pressure on gold. 2 The speed of global economic growth will affect investors' preference for risky assets, weakening the safe-haven function of gold. 3 The current 1-hour downward trend of gold is clear. In summary, the current short-term trend of gold is weak. Today, investors are paying attention to the pressure area of ​​the 1-hour downward trend line above, and gold will be shorted after adjustment under pressure.
FOREXCOM:XAUUSDShort
by Yuliya1l11
1
Forecasting gold priceForecasting gold prices is a complex task, as it's influenced by a multitude of factors. Here's a breakdown of the key elements and some current forecasts: Factors Influencing Gold Prices: US Dollar: Gold is often priced in US dollars, so its value tends to move inversely to the dollar's strength. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand. Interest Rates: Rising interest rates can make holding gold less attractive, as it doesn't offer a yield like bonds or other interest-bearing assets. Inflation: Gold is often seen as a hedge against inflation. When inflation rises, investors may turn to gold to preserve their purchasing power. Geopolitical Uncertainty: Economic or political instability, such as wars or financial crises, can increase demand for gold as a safe haven asset. Supply and Demand: Physical demand for gold, including jewelry, industrial uses, and central bank purchases, also plays a role in price fluctuations. Current Forecasts: Trading Economics: Their global macro models and analysts expect gold to trade at $2,682.04 USD/t oz. by the end of the current quarter and $2,783.76 in 12 months. FXEmpire: They highlight that the US dollar's strength and the Federal Reserve's monetary policy are key factors currently limiting gold's upward momentum. They are closely watching the US PCE Price Index for inflation insights, which could significantly impact gold prices. Other Analysts: Some analysts suggest that geopolitical tensions and concerns over a potential US government shutdown could boost gold's safe-haven appeal. However, strong economic data could reinforce the Fed's policy stance and limit gold's upside. Important Considerations: Forecasts are not guarantees: These are just predictions based on current information and models. Unexpected events can significantly impact gold prices. Multiple factors at play: It's crucial to consider the interplay of various factors, rather than focusing on any single element. Stay updated: Keep an eye on economic data releases, central bank announcements, and geopolitical developments to stay informed about potential influences on gold prices. In conclusion, the outlook for gold is mixed, with both upward and downward pressures at play. The US dollar's strength and the Fed's monetary policy are key factors to watch, along with inflation data and geopolitical events. It's essential to stay informed and consider multiple perspectives when making any investment decisions related to gold.
TVC:GOLD
by ITManager_US
"Sell every High's on Gold"Technical analysis: Gold is displaying extreme durability as despite the Bearish pressure provided by the Technical necessity for the Lower High’s Lower zone extension, the parallel relief rally of DX and uptrend on Bond Yields, the Spot prices (Gold) was testing #2,582.80 - #2,592.80 Support zone throughout yesterday’s session, extending the range to #2,552.80 - #2,622.80 (Medium-term break-out levels). In addition to that, yesterday’s session High’s bounced exactly on the pressure point which is a sign that Bearish full scale reversal might not be far away, but will be surely postponed if today’s #2,611.80 - #2,613.80 Short-term Resistance cluster gives away and result as an #10 - #15 point recovery Intra-day. Daily chart remains an healthy Descending Channel but at the same time, Weekly chart (#1W) is on Negative gradient so only a new Higher High's Lower zone extension test can restore the Short-term Bullish sentiment (#2,622.80 or above towards #2,627.80 - #2,632.80). As I have closed all my my Selling order, I assume no new orders for the moment. My position: The Trade remains "Sell every High's on Gold" and remember as long as DX is Trading on upside numbers, recovery on Gold will remain very limited. I will either re-Sell Gold now with #2,582.80 Target, or await one of my upside re-Sell areas to re-Sell Gold towards Lower levels. I am looking at #2,552.80 benchmark test initially as I expect Gold to remain pressured on both Intra-day and Short-term basis.
OANDA:XAUUSDShort
by goldenBear88
1
"Sell every High's on Gold"Technical analysis: Gold is displaying extreme durability as despite the Bearish pressure provided by the Technical necessity for the Lower High’s Lower zone extension, the parallel relief rally of DX and uptrend on Bond Yields, the Spot prices (Gold) was testing #2,582.80 - #2,592.80 Support zone throughout yesterday’s session, extending the range to #2,552.80 - #2,622.80 (Medium-term break-out levels). In addition to that, yesterday’s session High’s bounced exactly on the pressure point which is a sign that Bearish full scale reversal might not be far away, but will be surely postponed if today’s #2,611.80 - #2,613.80 Short-term Resistance cluster gives away and result as an #10 - #15 point recovery Intra-day. Daily chart remains an healthy Descending Channel but at the same time, Weekly chart (#1W) is on Negative gradient so only a new Higher High's Lower zone extension test can restore the Short-term Bullish sentiment (#2,622.80 or above towards #2,627.80 - #2,632.80). As I have closed all my my Selling order, I assume no new orders for the moment. My position: The Trade remains "Sell every High's on Gold" and remember as long as DX is Trading on upside numbers, recovery on Gold will remain very limited. I will either re-Sell Gold now with #2,582.80 Target, or await one of my upside re-Sell areas to re-Sell Gold towards Lower levels. I am looking at #2,552.80 benchmark test initially as I expect Gold to remain pressured on both Intra-day and Short-term basis.
TVC:GOLDShort
by goldenBear88
Gold Analysis December 20⭐️Fundamental Analysis Gold prices maintained a buying bias in the first half of the European session on Friday amid prevailing risk-off sentiment. Amid persistent geopolitical risks and trade war concerns, the threat of a US government shutdown prompted some safe-haven flows into bullion. C The Federal Reserve's hawkish signal that it will slow the pace of rate cuts in 2025 acted as a driver for US bond yields and favored USD bulls. Traders now look to the US Personal Consumption Expenditures (PCE) price index, which could influence the USD price dynamics and act as a driver for gold prices in the US session. ⭐️Technical Analysis Gold rebounded from 2587. This zone became a resistance zone but is no longer too strong if the selling pressure is strong. The important zone at the moment is around 2607. When this zone breaks before the middle of the European session, the target of 2622 will be where SELL signals can be considered. If the US session breaks this zone, we have two possible resistance zones, the first SEL around 2633-2635 and when this zone breaks, we must aim for 2658-2660. If it fails to break 2607, set SELL to 2555. ⭐️Trading signals SELL GOLD zone 2622-2624 Stoloss 2627 SELL GOLD zone 2633-2635 Stoploss 2638 BUY GOLD zone 2656-2654 Stoploss 2651 BUY Scalp 2692-2690 Stoploss 2687
OANDA:XAUUSD
by TVS-Trader
XAU/USD 20 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!! ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED) Analysis/Intraday expectation remains the same as analysis dated 16 December 2024. Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase. Price Action Analysis: Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity, for two possible reasons. 1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high. 2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855. Intraday Expectation: Intraday expectation and alternative scenario as per points 1 and 2. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!! ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED) Analysis/bias remains the same as yesterday's analysis dated 19 December 2024. Price Action Analysis: Yesterday's analysis played out as expected with price targeting weak internal low, printing a bearish iBOS. Price has printed a bullish CHoCH, indicating, but not confirming bullish pullback phase initiation. We are now trading within an established internal range. Intraday Expectation: Price is currently trading at premium of internal 50% EQ where we could see a reaction. Price could potentially trade up to M15 supply level before targeting weak internal low priced at 2,583.915 Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
Back Up The TruckSome believe gold has finished it's bull run, old hat from the late 70's folks say they have seen this before and calling a crash. The Oct/Nov highs were ripe for a correction only, a wave four sideways triangle. This building structure has perhaps only a matter of days before breaking out, buy at today's support or wait for the upper breakout for confirmation. The coming wave five breakout will be strong, could coincide with geopolitical events. Upside in precious metals has much much further to go, the current stage is only folks getting interested...the coming chaos by design will usher in a stampede. There is insufficient PM's right now for delivery should holders request their holdings. Your opportunity to purchase PM's now, will prove prudent and wise. Appreciate a thumbs up, good trading and God Bless you all!
CAPITALCOM:GOLDLong
by Fractal777
1
NQ Weekly and Longer term Bias (We were fire last week, check)hey guys just my weekly chart and levels going into the week. everyone expecting a santa rally, not so positive... i could see it mooning from here, don't get me wrong. im much more bullish this week than last now that we got some sort of correction (check last weeks analysis for real, read the chart and play the thing for the week, we cooked, hope you all did too, all 3). anyway a lot on there, i think it's downward, people buying the wrong dip in my opinion, much more liquidation to come. good luck
CME_MINI:NQ1!Short
by ajx1124
HelenP. I Gold can rise a little and then drop to $2590Hi folks today I'm prepared for you Gold analytics. Some days ago price made a gap and then reached the support level, which coincided with the support zone. Then XAU broke this level and continued to move up to the resistance level, which coincided with the resistance zone and soon broke it too. Next, the price rose to 2720 points and then made an impulse down, breaking the resistance level, after which tried to back up, but failed and some time traded below the 2665 level. Some time later, Gold reached the resistance level again and finally broke it one more time, after which rose to the trend line. Then the price turned around and started to decline inside a downward pennant, where it soon dropped to the resistance level and broke it again. Then Gold fell to the support zone, after which turned around and tried to grow but failed and dropped back to the support zone. Recently price finally started to grow and reached an even trend line, which continues to trades close. For this case, I expect that XAUUSD will make a small move up, higher than the trend line, and then start to decline. For this reason, I set my goal at a 2590 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
xauusd , the plan for the next week Hello everyone, As shown in the attached chart... Gold is now trading at levels 2622 - 2626. After the major correction and the liquidation of the areas 2582-2590. The markets are expected to open with a bearish price gap to levels 2610-2603. If this scenario does not happen, a correction will occur to these areas and the rise will continue to areas that we will determine: Upside targets: 1- 2655-2665 2- 2680-2690 3- 2703-27010 Buying areas: 1- 2600-2607 2- 2582-2588 Selling areas: 1- 2655-2665 2- 2680-2690 3- 2703-2710 As always, we will provide you all with updates throughout the week and how to manage deals. MR. Hamza Goldcandle
OANDA:XAUUSDLong
by goldcandle3
If you want more silver, buy PALLADIUM! BUY BUY BUY!Looking at this chart, palladium is highly undervalued compared to silver, meaning its time to back up the truck and load up on as much palladium as possible! Benefits of the Palladium vs. Silver Chart Historical Ratio Dynamics The palladium-to-silver ratio measures how many ounces of silver you can buy with one ounce of palladium. Historically, palladium has been much more expensive than silver, with ratios often exceeding 100:1. Identifying peaks in this ratio allows you to sell palladium for silver when palladium is overvalued. Cyclicality and Arbitrage Potential Palladium prices are highly cyclical, driven by industrial demand, especially in the automotive sector (e.g., catalytic converters for gasoline engines). Silver also has industrial uses but behaves differently due to its dual role as a monetary and industrial metal. Taking advantage of these cycles lets you accumulate more silver when palladium prices peak relative to silver. High Volatility in Palladium Prices Palladium is more volatile than silver, offering greater arbitrage opportunities when the price surges. This volatility can be leveraged to trade into silver at favorable ratios. Diversification Benefits Palladium offers exposure to unique industrial sectors (e.g., automotive and emerging technologies), while silver has broader industrial and monetary uses. A strategy that trades between the two can help balance your portfolio over time. Rarity and Supply Constraints Palladium is much rarer than silver, with limited annual mining production and significant geopolitical supply risks (e.g., from Russia, a major producer). This scarcity can drive price spikes, creating opportunities to trade for undervalued silver. Clear Buy for Palladium (Current Market Analysis) Palladium-to-Silver Ratio Considerations: If the ratio is historically low (e.g., below 80:1), palladium might be undervalued compared to silver, signaling a buy. Conversely, when the ratio is historically high (e.g., above 120:1), palladium may be overvalued, making it an ideal time to trade for silver. Palladium’s Price Drivers: Strong demand in the automotive sector, especially for gasoline engines. Supply constraints due to geopolitical risks. Innovation in hydrogen energy and other technologies could boost demand further. Illustrative Example Current Situation: Palladium is trading at $1,500/oz. Silver is trading at $25/oz. Palladium-to-silver ratio: 60:1 (60 ounces of silver per ounce of palladium). Future Projection: Palladium rises to $3,000/oz, and silver increases only to $30/oz. Palladium-to-silver ratio becomes 100:1 (100 ounces of silver per ounce of palladium). By trading 1 ounce of palladium, you can acquire 100 ounces of silver, compared to 60 ounces today. Outcome: You’ve significantly increased your silver holdings by taking advantage of the price ratio. Why Palladium Now? Current Undervaluation Relative to Historical Trends: If palladium prices are at multi-year lows relative to silver, it indicates a buying opportunity. Asymmetrical Upside for Palladium: Palladium is much rarer than silver, and any supply shock or surge in demand could drive prices higher faster than silver. Industrial Strength: Palladium remains essential for catalytic converters in vehicles, especially in regions with strict emissions standards. Comparing Palladium to Platinum in This Strategy Higher Volatility: Palladium tends to be more volatile than platinum, offering more frequent trading opportunities. Higher Price Levels: Palladium is typically priced higher than platinum, leading to larger potential silver gains when ratios peak. Risk Consideration: Palladium markets are more susceptible to supply shocks, meaning timing and market awareness are crucial. Conclusion The palladium-to-silver strategy capitalizes on palladium’s scarcity, industrial demand, and volatility. By buying palladium when undervalued and trading it for silver when the ratio peaks, you can increase your overall holdings of silver while benefiting from the cyclical nature of both metals.
OANDA:XPDUSDLong
by AndranikAghazarian
Platinum is a solid BUY BUY BUY!The current platinum versus silver chart is screaming to scoop up as much platinum as you can to eventually stack more silver in the future! Benefits of the Platinum vs. Silver Chart Historical Ratio Analysis: The platinum-to-silver ratio measures how many ounces of silver you can buy with one ounce of platinum. Historically, this ratio fluctuates, and investors use it to identify relative overvaluation or undervaluation. For instance, if the ratio is unusually low (platinum is cheap compared to silver), it might signal a buying opportunity for platinum. Conversely, if the ratio rises significantly (platinum becomes expensive relative to silver), you can trade platinum for silver, acquiring more silver than you started with. Market Cycles and Arbitrage Potential: Precious metals don't move in lockstep; they react differently to economic conditions, industrial demand, and market sentiment. Trading between them based on their relative values allows you to profit from these cyclical differences. When platinum is undervalued (as it is now compared to historical averages), it offers more potential for appreciation. Diversification and Inflation Hedge: While silver has high industrial use, platinum’s demand is growing in sectors like automotive (catalytic converters) and hydrogen energy, diversifying your exposure to economic trends. Both metals are excellent inflation hedges, but diversifying into platinum can reduce risks tied to the specific dynamics of the silver market. Asymmetrical Upside for Platinum: Platinum has been historically undervalued compared to gold and silver, meaning its upside potential in a bull market could outpace silver. By investing in platinum now, you're positioned to benefit from a possible price correction. Clear Buy for Platinum (Current Market Analysis) Low Price of Platinum Relative to Silver: If the platinum-to-silver ratio is near historical lows, platinum is likely undervalued. Buying platinum now means you’re acquiring an asset with significant growth potential. Potential to Accumulate More Silver: As the platinum-to-silver ratio rises in the future (when platinum becomes overvalued relative to silver), you can sell or trade platinum for silver. This allows you to increase your silver holdings without additional capital. Illustrative Example Current Situation: Platinum is trading at $900/oz. Silver is trading at $25/oz. Platinum-to-silver ratio: 36:1 (36 ounces of silver per ounce of platinum). Future Projection: If platinum rises to $1,800/oz and silver increases only to $30/oz: Platinum-to-silver ratio becomes 60:1 (60 ounces of silver per ounce of platinum). By trading 1 ounce of platinum, you can acquire 60 ounces of silver, compared to only 36 ounces today. Outcome: You’ve increased your silver holdings significantly by taking advantage of the price ratio. Why Platinum Now? Undervalued Relative to Silver and Gold: Platinum is priced lower than gold and silver on a relative basis, which historically is an anomaly. Growing Demand: Industrial and green energy applications are expected to boost platinum demand. Scarcity: Platinum is much rarer than silver, adding to its long-term value potential. By monitoring the platinum-to-silver ratio and understanding market cycles, you can leverage the undervaluation of platinum to maximize your holdings of both precious metals over time.
OANDA:XPTUSDLong
by AndranikAghazarian
XAUUSD Price Forecast: Analyzing the Next Big Drop Chart Analysis: Current Market Price: As of the latest observation, the market price for Gold (XAUUSD) stands at approximately $2,623.61 per ounce. Recent Price Dynamics: Trend Observation: The chart depicts a pronounced bullish trend characterized by consecutive green candles, indicating a sustained increase in prices. Volatility Assessment: There is observable deceleration in market volatility, evident from the progressively smaller candle bodies and reduced range between highs and lows. Technical Indicators and Annotations: Break of Structure (BOS): Identified on the chart, this term typically denotes a significant level where the price action has breached previous support or resistance, suggesting a potential shift in market dynamics. Order Block (OB): Highlighted as a crucial zone, likely where substantial institutional orders have been historically placed, acting as pivotal resistance or support in subsequent price movements. Projected Price Path: The inclusion of a blue directional arrow forecasts a potential upcoming price movement, hypothesizing an ascent to a designated upper level followed by a sharp decline. This anticipated trajectory points towards the 'OB' zone as a potential upper resistance boundary. Temporal Context: The horizontal timeline marks forthcoming dates, extending predictions slightly beyond the screenshot’s timestamp, providing a short-term outlook up to December 25. Strategic Implications: Resistance Consideration: The identified 'OB' zone is anticipated to serve as a major resistance area. Reaching this level could significantly influence market behavior, potentially triggering substantial sell-offs. Anticipated Reversal: The projected upward movement towards the 'OB' zone, followed by a marked decline, suggests a strategic anticipation of a price reversal, which could offer critical entry and exit points for traders. Trading Strategy Formulation: Aligning with these insights, traders might consider adopting a long position as prices approach the resistance, with preparations to pivot to short positions should reversal signals manifest. Analytical Considerations: Validation through Confirmation: Traders are advised to seek corroborative evidence from additional technical indicators or chart patterns to reinforce decisions based on the projected path and identified zones. Risk Management Protocols: It is imperative to implement stringent risk management measures, including setting stop-loss orders and appropriately sizing positions, to safeguard investments against unforeseen market fluctuations.
OANDA:XAUUSDShort
by EliteTradersChoudharyJI
Trading Journal - Best trading book written by youIn the world of trading, success isn't just about skill or knowledge. It also depends on discipline, consistency, and always getting better. Journaling is a powerful tool for achieving these goals. Many traders find that keeping a detailed record of their trades and thoughts can greatly improve their performance and personal growth. Understanding Journaling in Trading Journaling in trading means recording your trading activities in a detailed way. This includes logging trades, strategies, emotions, market conditions, outcomes, but also annotating the charts and taking notes about the trades we didn't catch but we wanted to. Because journaling such trades is a next stet to catching them next time. It's not just about writing down numbers; it's about documenting the thought process and decision-making behind each trade. Your journal should not be a general , but adjusted to your strategy. A good trading journal typically includes data: Trade Details: Instrument, Timeframes, Key levels, Screenshot with entry and exits, Entry model Reasoning: Why did you enter the trade, including technical Emotional State: Your feelings during the trade—nervousness, confidence, greed, or fear. Outcome: Profit or loss, and how it compares to your expectations. Reflection: Lessons learned and adjustments needed for future trades. Why Journaling Is Crucial in Trading 1. Accountability Journaling makes traders accountable for their actions. It forces you to document and analyze every decision. This transparency ensures you can't ignore losses or poor choices as bad luck. Instead, you must confront and learn from them. When Journaling I always start with adding the analysis into my journal, whether it will turn into a trade or not. I always analyze if it would work and for what reasons it worked or not. This keeps me imporving my self. Trust me once you start to do this consistently. Your trading will change in a good way. Analysis in the Journal 2. Identifying Patterns and Habits Trading often involves repetitive patterns, both in the markets and in traders’ behaviour. By keeping a journal, you can spot recurring mistakes or habits. Recognizing these patterns is the first step toward breaking negative cycles and reinforcing positive behaviours. You will find these patterns by taking notes. And writing down your explorations. Trading Notes 3. Improving your Trading Plan When you start documenting your analysis and reasoning for entries based on your trading model, you will start to see what works best, it will help you to focus on this and avoid what wos not working for you. This can be revisited to refine decision-making processes. For example, a journal can show that certain strategies consistently yield positive results, encouraging you to focus on what works and based on that you can be improving your trading plan. Trading Plan 4. Emotional Regulation Emotions like fear, greed, and frustration can cloud judgment and lead to impulsive decisions. Journaling helps traders track their emotional states and understand how these emotions impact their performance. Over time, this awareness fosters emotional discipline, which is key to maintaining consistency. 5. Measuring Progress A trading journal serves as a tangible record of growth. By reviewing past entries, traders can see how far they’ve come, what they’ve learned, and how their strategies have evolved. This sense of progress boosts confidence and motivation. Conclusion Journaling in trading is more than a tool; it's a habit that can change how you trade. It helps you be accountable, disciplined, and self-aware. A trading journal is like a mirror and a map, showing you where you are and guiding you to get better. In trading, where consistency and growth matter, keeping a journal can be what sets you apart. Whether you're new or experienced, starting a journal can help you grow. You'll learn a lot and improve your trading skills. Start today, and let your journal help you succeed. Remember if you are not journaling, you are not improving and you will repeat the same mistakes over and over. Hope this inspires you to start journaling. Dave FX Hunter
FOREXCOM:XAUUSDEducation
by Dave-Hunter
Gold: Examining Upcoming Targets and Supply Zones As anticipated in the previous analysis, gold experienced a decline. However, it appears another corrective wave, effectively wave C, may still be ahead. Before the next drop, a slight upward movement in gold prices is not unlikely, allowing sellers to re-enter the market. On the 4-hour time frame, supply zones have been identified. Gold may rise to around $2,660, or alternatively, to $2,680 before resuming its decline. The $2,560 demand zone is the first key support and a potential bearish target for gold.
TVC:GOLDShort
by UtoForex
Analysis of gold trend next weekAnalysis of gold trend next week: Based on the current news, data and technical aspects. The trading strategy for next week will be mainly short selling at high levels. First of all, the first pressure level 2638-42 will be the main reference pressure level. Gold can continue to be short when it reaches around 2638-42. The short-term pressure level 2632 will be our final As a defensive position, as long as gold does not break through the 2642 line and stands firm, gold will still maintain a short trend. The closer the price is to 2638-42, the more beneficial it is for us to be short! From the daily and hourly lines, the shorts are pressing step by step, and there is still room for shorts. From the 4-hour analysis, the upper resistance focuses on the 2638-42 line, and the lower support focuses on the 2586-92 area. The intraday pullback relies on this position to continue shorting at high levels, and falls back along the short trend. The daily level is under pressure below this position and continues to maintain the high shorting rhythm unchanged. If you buy more against the trend, please be cautious about the buying point, enter the market with a light position, and strictly set a stop loss. Gold operation strategy: 1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593; 2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;
FOREXCOM:XAUUSDShort
by Caesar_Gorman