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Xauusdsetup

Trading strategy for January 15 CPI dataGold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term. In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by the Federal Reserve’s Governor at 22:00. As such, investors may remain cautious in their trades ahead of these important economic reports and news. At the start of the Asian session, there are expectations that Gold may see some upward movement. Therefore, considering a Buy position is recommended, with targets at 2,678 - 80 and further up at 2,685 - 87. However, after this, we can look to sell on any pullback in the 85 - 87 region, aiming for 5-10 points profit. Currently, traders can consider buying within the short-term range in the Asian session. If the price closes below 2662, avoid buying and wait for lower levels to enter. For now, the bias is more towards buying, and further updates will be provided as the price action unfolds towards the European session. Key Resistance: 2678 - 2682 Key Support: 2664 - 2660 Trading Plan: SELL ZONE: 2683 - 2685 SL: 2690 TP: 2680 - 2676 - 2674 - 2670 BUY ZONE: 2657 - 2655 SL: 2652 TP: 2660 - 2663 - 2665 - 2670 - ???? Today, we have crucial CPI data coming out, so be cautious with your trades and avoid complacency. Always adhere to your TP/SL levels to protect your account. The ADMIN will provide continuous updates on any changes in price action. GOOD LUCK!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
1
GOLD TRADING STRATEGY January 14Global Gold Prices Decline as USD Hits 2-Year High The gold market experienced a decline in prices as the US dollar reached its highest level in over two years. The Dow Jones index initially opened with a decrease but later surged over 100 points, while the NASDAQ and S&P 500 remained in the red. Gold prices also initially dropped following the opening of the US stock market but quickly rebounded as the Dow Jones index began to rise. Key Market Updates Gold prices ended the trading day on January 13 with a 1.1% decrease, settling at $2,658.84 per ounce. The US dollar index reached its highest level since November 2022, driven by a strong US jobs report that highlighted the economy's resilience and diminished the prospects of a Fed rate cut. The impending inauguration of President Trump and his proposed trade policies, including tariffs and protectionism, may lead to inflation and trade wars, potentially increasing the appeal of gold as a safe-haven asset. Market Outlook and Expectations Investors are eagerly awaiting the release of key economic reports, including inflation data, unemployment claims, and retail sales figures, to gain a better understanding of the US economy and the Fed's policy plans. Currently, the market expects the Fed to cut interest rates by 0.25% this year, down from the previous expectation of a 0.4% cut. Trading Strategies and Recommendations Despite the current market conditions, which favor a stronger US dollar, gold prices remain within the upward channel and have not shown any signs of breaking down through key support levels. The current view is to maintain a buying position, with the following entry and exit points: Buy ZONE: 2662−2660 Stop Loss : $2655 Take Profit : 2668 − 2668 − 2672 - 2676 − 2680 Sell ZONE: 2685−2687 SL: 2692 TP: 2680 − 2680 − 2677 - 2673 SELL ZONE: 2694−2696 SL: 2700 TP: 2690 − 2690 − 2687 - 2685 − 2680 Today's Market Focus The Producer Price Index (PPI) report will be released today, and investors should be cautious in their trading decisions. The plan for the day will be updated after the Asian and European markets close, and a view for the US market will be provided after the PPI report is released. Remember to follow proper risk management and adhere to take-profit and stop-loss levels to protect your account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDShort
by tradergyan01
GOLD strategy beginning of the week January 13 Continued uptrendSafe Haven Demand for Gold Surges Amid High Inflation and Upcoming Tax Policies Under Trump Administration Gold prices in the domestic market closed the week at their highest level in a month. A report from the U.S. Department of Labor showed that non-farm payrolls in December increased by 256,000, far exceeding the November figure of 227,000. The strong job data caused an unexpected reaction in the commodities market. This has raised the probability of the Federal Reserve (Fed) not cutting interest rates in January to 97.3%. Meanwhile, 74% of analysts believe that the Fed will maintain its current interest rates until the FOMC meeting in March. Donald Trump will be inaugurated as U.S. President on January 20. Markets are paying close attention to the Trump administration’s policies, particularly regarding tariffs and their inflationary impact, as well as concerns over rising fiscal debt. In such a scenario, gold is seen as an inflation hedge, potentially pushing its price higher. Analysts at Saxo Bank suggest that these factors have driven increased physical gold accumulation in China. Gold has also seen significant gains against the British pound, as the U.K. faces a new bond market crisis. U.K. bond yields have surged due to concerns that the government will struggle to control the deficit amid rising spending costs. While higher interest rates are typically bad news for gold, uncertainty around tariffs continues to drive safe-haven demand. Since the beginning of the year, gold prices have risen nearly 3%. Looking at the charts, the price trend is turning bullish, with the next key resistance level at $2,715 per ounce. Bank of America and JPMorgan predict gold bullion will reach $3,000 per ounce by year-end, while UBS forecasts a price of $2,900 per ounce. Market Update and Technical Analysis Here’s a quick update on the current market situation. As mentioned, scenarios still favor gold’s upward momentum, despite positive U.S. data indicators. With upcoming events, investor sentiment remains inclined toward gold as a safe haven. The key psychological level is at $2,720; if this level is broken, the previous peak will likely be revisited quickly, leading to the creation of a new all-time high. However, initially, the market may test $2,720, followed by a correction phase to gather liquidity and momentum for reaching higher levels. From a technical analysis perspective, the bullish trend remains stable, supported by fundamental analysis factors. Therefore, continuing to buy is recommended, with a target at $2,720. BUY ZONE: 2678 - 2676 SL: 2672 TP: 2684 - 2688 - 2694 - 2700 - ??? SELL SCALP: 2702 - 2704 SL: 2708 TP: 2698 - 2694 - 2690 - 2686 SELL ZONE: 2716 - 2719 SL: 2723 TP: 2712 - 2710 - 2697 - 2694 Note: Key resistance zones are already highlighted in daily and weekly plans. Exercise caution early Monday as price ranges are still forming. Adhere strictly to TP/SL for every trade signal to safeguard your account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold strategy next week January 13 - 20Reasons Behind GOLD's Strong Rebound Despite Positive NFP and Unemployment Rate Data After the release of the NFP and UR data, which showed solid job creation last month, Gold initially dropped sharply following the news. However, investors soon reassessed the data and took a closer look at the revisions to previous months' figures. The job creation figure for the prior month (November) was revised downward significantly from the initially reported numbers. Combined with October’s revisions, the total downward adjustment for October and November amounted to approximately 800K jobs—a substantial revision! This led investors to speculate that December’s job creation numbers, despite appearing strong now, might also be subject to downward revisions at the beginning of next month. Should this happen, the actual job creation for December might turn out to be less impressive than currently reported, or possibly even weaker. This “history repeating itself” factor influenced the market sentiment. As a result, Gold staged a strong rebound after its initial sharp decline following the release of the data. Outlook for Gold in the Coming Week Gold is likely to revisit its recent high in the 2718–2721 range, given last week’s upward momentum. This level seems easily achievable. However, Gold has seen substantial gains in recent weeks, and a correction might be on the horizon. Such a pullback could fill liquidity gaps below, building stronger upward momentum to either retest or break through the all-time high resistance zone. Key Events to Watch in January Trump's Return to the White House: The inauguration could bring significant market volatility as we approach the end of the month. Asian New Year Holidays: The late-January holidays could cause a period of reduced liquidity. Given these factors, Gold may not yet have enough momentum to break through its all-time high. A correction is likely in the next 1–2 weeks, presenting opportunities for sell positions. Trading Strategy The key levels have already been marked on the chart. Specific entries will depend on daily price movements, and further updates will be provided accordingly. For now, focus on the resistance levels where price might react and drop back. Take note!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
1
Gold trading strategy January 10, NF newsWhere will the gold trading strategy go for the first NONFARM news of the year ??? ⚫ Gold Prices Stable with Growth Prospects Spot gold holds steady at $2,670.16 per ounce, expected to rise over 1% this week, marking its best week since November 2024. ⚫ Focus on Nonfarm Data December 2024 Nonfarm report is projected to show an increase of 160,000 jobs, lower than the 227,000 gain in November, which may impact the Fed's interest rate policy. ⚫ Factors Supporting Gold Increased demand for safe-haven assets amid economic uncertainties. President-elect Trump’s policies, expected to raise inflation through tariffs and protectionist measures. ⚫ Fed Policy Outlook Kansas Fed President Esther George opposes further rate cuts, citing the U.S. economy's recovery and inflation remaining above the 2% target. The market is now awaiting the official U.S. jobs report for more clarity on the Fed's policy trajectory. At the latest Fed meeting, policymakers agreed that inflation is likely to continue slowing this year but noted persistent risks of price pressures due to potential impacts from President-elect Donald Trump’s policies, according to meeting minutes. Mr. Trump will assume office on January 20, 2025. The proposed tariffs and protectionist policies are expected to drive up inflation. Gold is viewed as a hedge against inflation, but high interest rates reduce the appeal of non-yielding assets. Fundamental Analysis The news continues to support gold's growth outlook. Despite the strong performance of the USD (DXY), gold has shown resilience, maintaining its upward trend. Technical Analysis In recent days, gold has been stable within upward trend channels, signaling sustainable momentum in the current price range. Observing the candlestick patterns reveals that buyers are strongly dominating, pushing the price towards critical resistance levels. Today’s Nonfarm Payrolls report is particularly crucial as the first significant economic data release of the year. Global investors are expected to closely watch this report, as it could significantly influence market movements for the month or even longer. Price fluctuations are likely to be substantial, with anticipated ranges of 40-50 points compared to previous Nonfarm reports. Stay cautious. Trading Strategy for Asian/European Sessions BUY SCALP: 2662 - 2660 SL: 2656 TP: 2668 - 2672 - 2676 - 2680 BUY ZONE: 2646 - 2644 SL: 2640 TP: 2650 - 2654 - 2660 - ???? SELL SCALP: 2678 - 2680 SL: 2683 TP: 2674 - 2670 - 2668 SELL SCALP: 2690 - 2692 SL: 2696 TP: 2684 - 2682 - 2680 - 2676 SELL ZONE: 2704 - 2706 SL: 2710 TP: 2700 - 2696 - 2692 - 2888 As mentioned, today is expected to see significant volatility due to the critical Nonfarm report and Friday's weekly candle close. Stay cautious, follow your TP/SL strictly, and manage your account carefully. GOOD LUCK!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Sideways gold strategy waiting for NONFARM January 9, 2025Analysis and Trading Strategy for Gold Today: 1. Fundamental Analysis: US Weekly Unemployment Claims: Data from last week showed significant improvement, indicating a strong job market. However, when combining the weak ADP Payrolls data and the dovish stance of FED's Waller with the strong Unemployment Claims data: FED's Waller does not believe severe tariff policies will be implemented. In the short term, he also does not expect tariffs to have a significant impact on inflation. => This indicates that FED's Waller remains dovish, which may soon provide support for Gold to rise again and further. 2. Technical Analysis: Based on the data and aligning it with technical analysis, the current trend remains bullish as yesterday's news maintained a dovish tone for both Gold and USD. Looking at the charts, the H1, H2, and H4 timeframes all display an uptrend within a parallel price channel in recent days. Today (Thursday): There are no significant news releases. We’ll have to wait until Friday's NONFARM Payrolls, which are expected to trigger a strong price movement (potential range of 40-50 pips). M30 Chart View: There is still an uptrend visible in this timeframe. Today's expectation is for Gold to continue sideways within a range of 15-20 pips while waiting for Friday's key news. The main strategy is to wait for the price to drop to important levels and then BUY. Trading Strategy: BUY SCALP: Entry: 2652 - 2650 Stop Loss (SL): 2647 Take Profit (TP): 2656 - 2660 - 2664 BUY ZONE: Entry: 2646 - 2644 SL: 2640 TP: 2650 - 2654 - 2658 - 2664 - 2670 SELL ZONE: Entry: 2670 - 2672 SL: 2676 TP: 2665 - 2660 - 2656 This is the price range where I expect the market to move 70-80% of the time today, especially during the Asian and European sessions. If there is a larger movement or unexpected news, backup levels are as follows: Resistance: 2680 - 2688 Support: 2636 - 2627 I’ve already noted these levels, and any significant changes will be updated promptly. Important Notes: Be cautious and strictly adhere to TP/SL levels. Never remove SL, as small mistakes are easier to fix, but large ones are much harder to recover from. GOOD LUCK!
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
Day Gold trading strategy features first NonFarm ADP of the yearGold Market Update and Trading Strategy Yesterday, gold experienced another bustling trading session, climbing from 2633 to 2663 before sharply dropping back to 2642 following the release of positive U.S. economic data. The PMI services data and job openings figures released yesterday were exceptionally strong, exceeding forecasts and indicating that the U.S. labor market and economy remain robust. This gives the Federal Reserve no reason to consider cutting interest rates, putting significant downward pressure on gold prices. President Donald Trump also emphasized that inflation is currently very high and expected to continue rising. A high-inflation economy is an ideal environment for gold's growth. This explains why gold rebounded shortly after, stabilizing at the 2650 level. Today, the ADP employment data is set to be released, marking the first major ADP report of the year. It is expected to have a notable impact on gold prices this week and potentially throughout the month. Buyers have returned, driving the price closer to the previous peak of 2665. Currently, prices are stalling near the strong Monday resistance zone at 2649. Buyers are holding the upper hand as the H1 candlestick shows a long wick below the 2649 resistance area. If the candlestick closes above this level, early buy opportunities during the day are worth considering. Target price zones have been noted, but if volatility increases, we have more distant target levels for trading. Trading Strategy BUY ZONE: 2634 - 2632 SL: 2627 TP: 2640 - 2646 - 2650 - 2662 - 2670 SELL ZONE: 2688 - 2690 SL: 2694 TP: 2682 - 2678 - 2672 - 2668 Today’s key news highlights the importance of monitoring trading volume and strictly adhering to TP/SL levels to protect your account’s safety. Scalping zones for today have been listed on the chart for observation, but the primary focus should be on BUY opportunities. For SELL trades, wait for higher points before executing. GOOD LUCK TO ALL!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold 01.07,continues to be profitable and has a strong uptrendReshaping Strategy Following Trump’s Statements and the Strong Volatility in GOLD Fake news caused market chaos at the start of the week: The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their favor. From Trump's statements, the following key points can be derived: Key Points: Trump suggests lifting Biden's oil drilling ban: U.S. oil producers are likely to return to the market more strongly. A significant drop in oil prices can be expected. Inflation could be better controlled, which is favorable for GOLD. Trump denies the WaPo report: While Trump denied the WaPo report, it doesn’t carry much weight as the report wasn't based on his actual statements. Trump's tariff plan remains intact. This back-and-forth between WaPo and Trump caused strong and unexpected volatility in the GOLD market. Trump made no mention of tariffs in his latest remarks: Current tariff policies do not place pressure on GOLD. This is considered a stabilizing factor for GOLD. Admin maintains a bias toward a rebound in GOLD. Wait for a slight pullback in GOLD prices to look for new buying opportunities. Market Environment and Developments: DXY (Dollar Index): Slight decline after the PMI data release. Fed Official Cook: Suggests reducing interest rates to neutral levels is appropriate. Trading Strategy: BUY SCALP ZONE: 2624 - 2622 SL (Stop Loss): 2620 TP (Take Profit): 2630 - 2636 - 2640 SELL SCALP ZONE: 2656 - 2658 SL (Stop Loss): 2661 TP (Take Profit): 2652 - 2648 - 2645 BUY ZONE: 2615 - 2613 SL (Stop Loss): 2608 TP (Take Profit): 2620 - 2624 - 2630 - 2638 - 2644 - ??? SELL ZONE: 2662 - 2664 SL (Stop Loss): 2668 TP (Take Profit): 2658 - 2654 - 2650 The current price is fluctuating between both ends within a large range. Yesterday, we captured nearly 300 pips with the two BUY/SELL zones outlined in the admin’s plan. Today’s price is awaiting news, making predictions challenging. Please refer to the zones noted in the plan and analyze the chart to optimize your trades. Note: Always set TP (Take Profit) and SL (Stop Loss) to protect your account. Good luck!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
trading strategy January 3, 2025. Gold increased sharply, why?What is happening, and why do investors continue to choose gold in 2025?** Gold prices hit a two-week high Gold has been bolstered by safe-haven buying activity as markets position themselves ahead of the Federal Reserve’s (Fed) interest rate outlook and the upcoming trade tariff policies of U.S. President-elect Donald Trump. Geopolitical factors, including international tensions and financial instability, particularly leading up to Trump’s inauguration, are also supporting gold prices. Gold thrives in low-interest-rate environments and serves as a hedge against economic and geopolitical risks. Investors are awaiting key data such as U.S. job openings next week, the ADP employment report, the Fed’s December meeting minutes, and the official U.S. jobs report to assess the 2025 interest rate outlook. Trump's inauguration on January 20 has heightened uncertainty, with his proposed tariff and protectionist policies expected to drive inflation and potentially trigger trade wars. As expected in yesterday's trading plan, traders were advised to actively seek buy opportunities for gold at higher price levels due to strong bullish momentum and investor sentiment being positioned above safe price zones. Analyzing the D1 chart shows the bullish side dominating, with upcoming news continuing to favor gold's upward trajectory. On the D1 timeframe, pay attention to the 2670–2672 range, which is a zone of strong reaction, to look for sell scalping opportunities. However, the main trend today remains focused on buying in the target zones below. **Trading Strategy** - BUY ZONE: 2635–2632 Stop Loss (SL): 2629 Take Profit (TP): 2640–2646–2654–???? - SELL ZONE: 2704–2706 Stop Loss (SL): 2710 Take Profit (TP): 2698–2694–2690–???? Keep an eye on critical price zones according to the plan to optimize scalping trades and maximize profits. Ensure every entry is accompanied by adequate TP and SL levels to safeguard your account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold trading strategy opens the new year trading sessionThe strong buying activity of central banks, geopolitical instability, and monetary policy easing have driven gold to break several record highs in 2024. According to analysis and forecasts, the factors supporting gold in 2024 will continue into 2025, although they also highlight potential obstacles from Trump’s policies, which may increase inflation and slow down the Federal Reserve's interest rate cuts. Concerns about politics peaked after Trump’s decisive victory… The central bank’s gold-buying trend is expected to continue at a similar pace in 2025, but the flow of capital into gold will likely be more discreet due to the threat of tariffs from Trump on countries that are actively de-dollarizing. Gold surged quickly at the start of the Asian session at the beginning of the new year, likely due to large investors returning to the market after the long holiday, and the market has become more lively again. This comes especially after the US housing data report published on Tuesday, which showed a sharp decline compared to the previous period, possibly boosting optimistic sentiment about the Fed’s upcoming interest rate cuts. The market has improved compared to the gloomy period at the end of the year, due to profit-taking and the absence of large investors in the market. If gold rises quickly at the start of the day, do not chase the buy position; instead, wait for a reasonable price to sell during a retracement, and then consider buying again later. Therefore, the suggested strategy for the start of the day would be to sell during the retracement with a target of 2,632. After that, look for a buy again at support levels around 26 - 22 or lower. For the European session, the EURO PLAN suggests that if gold doesn’t reach the target by the start of the European session, then exit the sell position and consider buying earlier. Trading Strategy: SELL ZONE: 2648 - 2650 SL: 2255 TP: 2642 - 2638 - 2634 - 2630 BUY ZONE: 2600 - 2598 SL: 2594 TP: 2605 - 2610 - 2614 - 2620 These are key resistance and support levels that the author believes will see price reactions if reached. However, keep in mind the notes above in the article. The market has opened strong this morning with a lot of buying activity, which suggests that the trend of the previous downtrend channel may be broken. Therefore, be cautious with sell positions and prioritize finding buy entry points as suggested by the author. Good luck!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
GOLDEN TRADING STRATEGY FOR THE LAST DAY OF 2024GOLD UNDER PRESSURE DESPITE INCREASED GEOPOLITICAL RISKS The gold market is experiencing an interesting paradox: While the demand for safe-haven assets has surged due to geopolitical tensions and economic uncertainties, gold prices have yet to break out. The primary reason for this is the strengthening US dollar and the cautious stance of the Federal Reserve regarding interest rate cuts. However, the precious metal continues to maintain its long-term appeal due to its traditional role as a store of value, along with the trend of central banks increasing their gold purchases to diversify foreign exchange reserves. Market developments will largely depend on the policies of the new US administration and global geopolitical conditions. Gold is currently facing a sell-off as investors remain on extended holiday breaks. Today is the last day of the year, and the market is expected to experience significant liquidity sweeps on major charts such as D1 and W. Caution is advised today. It might be wise to wait for the new year to begin and for the Nonfarm Payrolls report next week, after which prices may stabilize for trading. For now, the market view today indicates price movement within a similar range as yesterday, approximately 30 points or more, so the range may be quite wide. Please pay attention to the price zones noted by ADMIN to achieve optimal and safe results for your account. Currently, the trend still shows a strong downward movement, and yesterday we patiently waited for the best entry zone at the 00-02 area. After a sharp drop, the price is now retracing and forming wicks on the H4 chart. It is approaching the small resistance at 2610 - 2612, so we will wait to see how it reacts and consider a sell scalp here. If the upward momentum is strong, wait for the precise price point as outlined in the ADMIN note on the chart. Trading Strategy: Sell Zone: 2621 - 2623 SL: 2626 TP: 2615 - 2609 - 2605 Buy Zone: 2586 - 2584 SL: 2580 TP: 2592 - 2596 - 2600 As noted by ADMIN, these are the BUY/SELL zones based on the price range ANALYZED for the day. However, on the last day of the year, there may be cases where the market will sweep sharply and approach more distant price zones. Please keep an eye on the chart view that has been analyzed for you.
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Gold trading strategy - December 30, the last days of 2024As of December 30, 2024, the gold market opened the week with minimal fluctuations, continuing to trade within a sideways price range. The market has been relatively quiet during the final days of the year. This week marks the transition from the old year to the new, and it is anticipated that the market will continue to move within a narrow range with low liquidity. Significant economic reports, such as the ADP Employment Change and Non-Farm Payrolls, are scheduled for next week. This week, attention should be directed towards the end of the week, with two key reports: Unemployment Claims and ISM Manufacturing PMI. Traders should monitor these releases closely. Regarding gold's price range today, as previously predicted, the main trend remains a selling bias. Prices may exhibit a sideways decline; therefore, consider selling at resistance levels. The intraday price range is expected to fluctuate between 10 to 13 dollars. Trading Strategy for Today BUY ZONE: 2602 - 2600 Stop Loss (SL): 2595 Take Profit (TP): 2610 - 2614 - 2620 SELL ZONE: 2648 - 2650 Stop Loss (SL): 2655 Take Profit (TP): 2640 - 2636 - 2630 Please actively monitor the plan and note important price levels for potential gold scalping on the chart. Ensure to set take profit (TP) and stop loss (SL) orders to safeguard your account. Trade cautiously during these final days of the year. Good luck!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Trading strategy for the last Friday of the yearGlobal Gold Prices Rise on Safe-Haven Demand Gold prices rose on Thursday (December 26), buoyed by safe-haven demand amidst low trading volumes following the Christmas holiday. Investors awaited signals regarding the economic policies under the incoming Donald Trump administration and the Federal Reserve's interest rate strategy for 2025. At the close of trading on December 26, spot gold advanced by 0.8% to $2,634.39 per ounce. Daniel Pavilonis, Senior Market Strategist at RJO Futures, stated, “Part of gold’s rally is related to developments in Ukraine as Russia targets Ukraine’s power grid.” U.S. President Joe Biden urged the Department of Defense to continue ramping up arms supplies to Ukraine after condemning Russia's Christmas Day attacks on several Ukrainian cities and energy infrastructure. Gold is often viewed as a hedge against geopolitical instability and inflation. However, higher interest rates reduce the appeal of this non-yielding asset. The coming year is expected to be highly volatile for gold. The first half may see positive momentum driven by escalating geopolitical tensions, while the second half could witness profit-taking activities. As Donald Trump prepares to return to the White House in January 2025, markets will closely monitor U.S. economic data to assess how the Federal Reserve manages inflationary pressures arising from the Trump administration’s policies. Following the Christmas holiday, this week has been devoid of significant economic data, at least until the next. As a result, gold is likely to trade sideways today, leaning towards an upward trend based on the latest developments mentioned above. The suggested strategy is to look for buying opportunities with targets at $2,630–32, $2,635–37, and $2,640–42, or slightly higher if momentum allows. However, selling opportunities could arise after potential pullbacks, with targets around 5 - 10 Price Sell Zone: $2,648–50 Stop Loss (SL): $2,655 Take Profit (TP): $2,642–39–34 Buy Zone: $2,609–07 Stop Loss (SL): $2,602 Take Profit (TP): $2,615–20–28 Key Considerations: Given that today is a Friday, liquidity may remain low, and markets could see sudden price spikes triggered by thin trading volumes. Exercise caution in your trades, especially as many remain in holiday mode. Stay safe with your accounts, and trade prudently! GOOD LUCK!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold trading strategy before Christmas 2024Global Gold Prices Drop Ahead of Christmas Holiday Gold prices edged lower during Monday's subdued holiday trading session, pressured by the strengthening US dollar and rising US Treasury yields, as investors awaited clearer signals on the Federal Reserve's monetary policy direction for 2025. At the close of trading on December 23, spot gold fell by 0.4% to $2,611.17 per ounce, while gold futures dropped by 0.6% to $2,628.20 per ounce. The US dollar index advanced by 0.4%, hovering around a two-year high, reducing gold's appeal for holders of other currencies. Meanwhile, the yield on the benchmark 10-year US Treasury note also climbed. Despite the Fed cutting interest rates by 0.25% last week, signals of a less aggressive rate reduction in 2025 pushed gold prices to their lowest levels since mid-November 2024 last week. While gold typically benefits from a low-interest-rate environment, investors are adjusting their expectations for the upcoming year. As noted above, following the release of disappointing US consumer confidence data at 10:00 PM yesterday, consumer sentiment remains gloomy. This sentiment could influence the Fed's policy direction, contributing to a modest dip in gold prices post-news. For today, the strategy is to focus on buying at key resistance levels of 20 - 27 - 33, observing price reactions in these zones to scalp for short-term sell opportunities. Conversely, if prices retrace below these levels and rebound, monitor zones (10-08) for potential buy entries. As today marks the beginning of the Christmas holiday, market movements are expected to be narrow and slow, with price ranges likely between 10-15 points. Careful placement of orders at optimal levels is advised. + SELL ZONE: 2632 - 2634 Stop Loss (SL): 2638 Take Profit (TP): 2620 - 2614 + BUY ZONE: 2603 - 2601 Stop Loss (SL): 2596 Take Profit (TP): 2610 - 2614
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold trading strategy at the beginning of week 2. December 23A Record-Breaking Year for Gold It can be said that in 2024, gold has been the most attractive investment channel, continuously breaking new records both domestically and internationally. Amid geopolitical tensions and forecasts about the social and economic situation, the price of gold is expected to continue rising in 2025. First, there is the increasing instability in the global geopolitical landscape, with two ongoing conflicts in Europe and the Middle East, which have driven a surge in gold as a safe-haven asset. The growing risks of global trade conflicts have also led central banks in emerging markets and Asia to follow the lead of central banks in developed markets, allocating more of their reserves into gold. The accumulation of gold by central banks worldwide is seen as a shield against external shocks, such as potential trade wars from the second term of President Donald Trump and geopolitical tensions in Ukraine and the Middle East. Eastern European countries are trying to fill their gold reserves. Throughout the year, gold has broken numerous records: 2,500 USD/oz, 2,600 USD/oz, 2,700 USD/oz, and reached a new peak of 2,826.2 USD/oz on October 30. As of December 20, the global gold price is trading around 2,602 USD/oz, up over 26% from the beginning of the year. Goldman Sachs forecasts that the price of gold could hit 3,000 USD/oz by the end of 2025. The investment bank has also listed gold as one of the top commodities for 2025, with the policies of the newly elected President Donald Trump potentially driving further price increases. In terms of technical analysis, in the short and medium term, a bearish structure has been confirmed. The hope is that the downtrend will continue into the next week, but there is also an expectation for prices to rise slightly at the beginning of the week in order to find better selling positions. Note that next week will include Christmas and New Year holidays, so the market may not move too much. Currently, gold is trading within the range of 2,663 - 2,582. A break above or below this range will determine the next levels of resistance and support. For now, keep an eye on the price range of (2,632 - 2,636) and the range (2,600 - 2,604). We will wait for the gap to close before making safer trades toward the end of the year. Trading Plan Sell Zone: 2,650 - 2,652 SL: 2,656 TP: ???? Buy Zone: 2,601 - 2,603 SL: 2,595 TP: ???? Pay attention to the trading ranges during the Asian and European sessions. We will update new price ranges for the U.S. session to assist traders. Note that the market is less liquid toward the end of the year, which could lead to price manipulation candles, so always be cautious with stop losses for each trading signal. GOOD LUCK!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Gold trading strategy on Friday, December 20U.S. Data Strengthens Market Expectations for the Federal Reserve's Cautious Approach to Policy Easing Next Year Recent data has reinforced market expectations that the U.S. Federal Reserve (Fed) will adopt a cautious approach to policy easing in the coming year. Earlier reports showed that the U.S. economy grew faster than expected in Q3 2024, while unemployment claims also saw a significant decline compared to forecasts. The robust economy and inflation risks, including tariffs and spending cuts, reaffirm that the Fed has little reason to take aggressive action. This traditionally is not favorable for gold, a non-yielding asset. Investors are awaiting the release of the core Personal Consumption Expenditures (PCE) data on December 20, the Fed's preferred inflation gauge, for further clues about the economic outlook. In today’s trading session, investors will focus on the crucial PCE inflation data, which will determine whether gold will recover strongly to the 2.63x - 2.65x region or drop deeper to the 2.55x - 2.53x range. The answer will be revealed later today, with a slight increase expected compared to the previous report. For now, it is advisable to consider buying in the Asian and European sessions first, with the PCE data to be considered later. Thus, the recommendation is to buy with targets at 2.605 - 2.607, 2.610 - 2.612, and possibly 2.615 - 2.617. Afterward, a sell position can be considered on a pullback with a target of 5-10 points. In the European session, if gold continues to trade around 2.59x at the start of the European session, the buy strategy remains valid. However, if gold falls and closes a candle at 2.58x, the situation should be reconsidered. At that point, a sell position may be initiated earlier with a target of 5-10 points. Trading Plan: BUY ZONE: 2591 - 2589 SL: 2585 TP1: 2600 TP2: 2605 SELL ZONE: 2621 - 2623 SL: 2627 TP1: 2610 TP2: 2600 Gold is rebounding quickly after China’s decision to maintain interest rates, following the Fed’s signals that rate cuts may be less aggressive. => There is a possibility of further gains, but it is not recommended to chase buys. Waiting for a light pullback would be a more prudent strategy.
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Gold trading strategy on December 19 after the FOMC newsFederal Reserve Chairman Jerome Powell stated that policymakers want to see further progress on inflation reduction before considering any future interest rate cuts. Higher interest rates reduce the appeal of assets that do not yield returns. As a result, the U.S. Dollar Index surged more than 1%, reaching its highest level in two years, making gold more expensive for holders of other currencies. Meanwhile, the yield on the 10-year U.S. Treasury bond hit its highest level in four weeks. Investors are now awaiting upcoming GDP and inflation data from the U.S., which are set to be released this week. These two key indicators could shape expectations for future monetary policy. Although the Federal Reserve reduced interest rates by 25 basis points, gold still declined sharply due to a lowered outlook for future rate cuts next year, with only two cuts expected instead of the previously forecasted four. Currently, the CME FedWatch Tool indicates a mere 10% chance of the Fed cutting rates further in January. In general, while the Fed did implement a rate cut in this meeting, it also signaled that the pace of rate cuts could slow, and future rate decisions will depend on upcoming economic data. With the indication of a pause in rate cuts and fewer expected reductions next year, it is likely that gold will continue to face downward pressure. Currently, with a slight recovery in early Asian trading, it presents an opportunity to look for a good price to sell. + Scalping strategy - Buy Scalp: 2606 - 2604 - Stop Lost: 2600 - Take Profit : 2610 - Sell Scalp : 2618 - 2620 - Stop Lost : 2624 - Take Profit : 2614 + Trading Plan - Sell Zone : 2633 - 2636 - Stop Lost : 2638 - Take Profit : ????? - Buy Zone : 2593 - 2591 - Stop Lost : 2588 - Take Profit : ????? - Buy Zone : 2585 - 2583 - Stop Lost : 2580 - Take Profit : ????? Although the outlook for interest rate cuts has diminished, and the Fed may pause further rate reductions, gold could still face downward pressure. However, in the long term, the three rate cuts by the Fed have made gold cheaper, and the "opportunity cost" of holding gold has significantly decreased compared to the U.S. dollar and Treasury yields. As a result, gold remains relatively cheap compared to the dollar. Therefore, the overall trend for gold is likely to remain upward, with any declines being short-term and driven by temporary hawkish views within the Fed. Before increasing again, gold may drop another 50-70 price, or even 100 price.
PEPPERSTONE:XAUUSDShort
by KevinNguyen-SimpleTrade
3
Gold Trading Strategy for 03rd December 2024.Buy: When the price of gold is above 2652 on the close of a one-hour candle. Sell: When the price of gold is below 2624 on the close of a one-hour candle. Current Price: 2639 Support Levels: 2634 | 2624 | 2618 Resistance Levels: 2643 | 2661 Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions.
OANDA:XAUUSD
by ramkkyy