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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 Trend - M-T downtrend is yet to complete ?The downtrend in gold prices continued last week after turning back from the previous week's high of 2726.The decline accelerated after the Fed's interest rate meeting on Wednesday, failing to support at 2630(1) and falling back to a near three-month low near 2585.Then on Friday, US inflation data came down slightly, causing gold to bounce back above 2600 to close the week at 2622 (down $25 from the previous week). As mentioned 2 weeks ago, there will be significant profit taking above 2700 while the year came close to the end. After the Fed's meeting, the market fundamentals began to change again. Fed Chairman Powell indicated that the number of interest rate cuts will be reduced in 2025, from the previously expected 4 times to 2 times; next year's relatively high inflation and high-interest rate environment will bring support to the US dollar while keeping gold prices under pressure. The new U.S. President's tariff policy will be the dominate factor to lead the gold price next year. 1-Hour Chart (Above) > Gold price rebounded after hitting 2583 late last week, forming a S-T bottom. Expect the rebound top near 2650. The market should be relatively quiet this week, take 2580-2650 as the trading range for now until the market develop further this week. Daily Chart (Above) > Gold was rejected by 2700 twice on the daily chart, forming a double top pattern (3). Short selling should control the market as it cleared the support by the double top neckline (3.1) last week. After the current S-T rebound, the downtrend should resume and expected the price to return to around 2540-50 in the next 2 weeks. M-T operating range would be 2535-2730(4). P.To
TVC:GOLD
by 1uptick
Copper we are holding buy trade from 797 upside will continueDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:COPPER1!
by JaiPrakashShuklaHarmonicTrader
Islver buy on dip upmove will continue read description for tradDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAGUSD
by JaiPrakashShuklaHarmonicTrader
Gold MCX buy on dip until recent low not break Target on chartDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
XAUUSD will go up 2600 support,2638,2655 upside Target Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
Gold Trading Strategies for 23rd December 2024Gold Trading Strategies Strategy 1: Breakout Strategy Buy Above: Enter a buy position above the high of the 15-minute candle that closes above 2636. Upside Targets: 2650, 2665, 2680 Sell Below: Enter a sell position below the low of the 15-minute candle that closes below 2611. Downside Targets: 2600, 2587, 2570 Strategy 2: Support Zone Buy Strategy If the price trends lower from 2625: Buy Between: 2610-2616 Stop Loss: 2604 Targets: 2625, 2635, 2650 Strategy 3: Resistance Zone Sell Strategy If the price trends higher from 2623: Sell Between: 2635-2645 Stop Loss: 2655 Targets: 2625, 2615, 2600 Summary: Breakout Strategy: Utilizes the breakout levels of 2636 for buying and 2611 for selling based on the 15-minute candle close, with defined upside and downside targets. Support Zone Buy Strategy: Focuses on buying in the support zone of 2610-2616 with a stop loss at 2604, targeting 2625, 2635, and 2650. Resistance Zone Sell Strategy: Targets selling in the resistance zone of 2635-2645 with a stop loss at 2655, aiming for targets of 2625, 2615, and 2600. These strategies provide a comprehensive approach to trading gold, incorporating different market conditions and defined targets. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
1
Silver1!Understand the chart: Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down. Lines with percentages: These are like checkpoints to see how much the price has moved up or down. Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows where they might lose money if it goes down. Think of it like a weather forecast but for stocks! Traders use this to decide the best times to buy or sell. Hope this helps! 🌞📉📈
MCX:SILVER1!Long
by iVishalPal
GOLD TRADING POINT UPDATE >READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade list week already done good profits 💰 ready for new week analysis setup Gold Traders Gold rejected point below 👇 trend 📉 2725 below 👇 2648 closed 🔒 market. Today night market open 👐. 4H Close below 👇 2640 Next target we'll see 2600.! ? Wait for closing below 👇 that entry open Short Trade. 2648 ba ck up trand 2675 2678 again for short trade entry. Let's do update every day 🙂 Small target we'll see 2620 Short long time Trade 2481 analysis target 🎯 Resistance level 2675 2678 Support 2628 - 2600 2481 Mr SMC trading point Support 💫 My hard analysis Setup like And Following me 🤝 that star ✨ game 🎯
OANDA:XAUUSDShort
by SMC-Trading-Point
2
PCR in Trading However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment. A high PCR indicates a bearish sentiment, as more traders buy puts, expecting the market to decline. Similarly, a low PCR suggests a bullish sentiment, with more traders buying calls in anticipation of a market rise. PCR > 1: When the PCR is greater than 1, it suggests that there are more open put contracts than call contracts, indicating a bearish sentiment. Traders and investors anticipate the underlying asset's price to fall. PCR = 1: When the PCR is close to 1, it implies a balanced sentiment in the market.
NSEIX:NIFTY1!Education
by SkyTradingZone
Why to buy Gold...As shart shows 3 Red- 1 green 2 red - 1 green 1red - 1 green we can expect. If gold want to go down then to make M pattern, it will go up If gold want to go up then also it will go up... Look very childish and simple But keep it simple We can expect 2693 and 2743 coming probably till 13th january. Our view will be absolutely wrong if gold gives day closing below 2615 Or it goes below 2603 anytime. For gap down opening more than 12 dollars on monday will also break upmove. Gold shall open on monday @2632 Then low of 2620~2622 and then back on upmove.
TVC:GOLDLong
by chinmaywakode
3
Accuracy of Weekly/ Swing Zones on Silver Chart Silver gave a gap down opening, breaking the zone and gave sell side target & took proper bounce from the zone. Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades. I have explained here how we takes trades on basis of daily and weekly zones .
MCX:SILVER1!
by AIQuant-X
Accuracy of Swing/ Weekly zones on natural gas chart Zones worked very well in natural gas . Natural Gas is love . respecting zone every time . exact reversal and target hit, break out of zones and target hit Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades. SL is always above or below the zone .
MCX:NATURALGAS1!
by AIQuant-X