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XAUUSD trade ideas

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 Still Looking weak Gold prices have shown weakness, with the market currently positioned below key resistance levels, suggesting a bearish outlook in Intra day. The immediate resistance is seen at the previous support level around 2620-2625, which may act as a psychological barrier for the price to overcome. Immediate Resistance: 2620-2625 - This level has previously acted as support but now could serve as resistance. A move above this could signal a potential short-term recovery. Immediate Support: 2588 - This level corresponds to the close on FOMC day, representing a critical support area where buyers might step in if the price tests this level again. If gold fails to hold above the FOMC day close, there's a risk of further downside also 2580 level acting as a key trendline support, where a failure could lead to more significant declines. The next significant support to watch is around 2568 or a potential move towards 2569 (Fib extension 0.618) if current trends persist, and further levels down to 2537 (November's low), which is a high volume node where buying interest might re-emerge. A break below this could lead to further declines, targeting lower supports; For a bullish signal, gold would need to convincingly close above 2650 if it reverse without breaking 2588 on day close.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold Trading Strategy for 20th December 2024Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 2606 Sell Below: The low of the 15-minute candle that closes below 2583 Support and Resistance Levels: Resistance: 2616, 2634, 2652 Support: 2573, 2555, 2530 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2606. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2583. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact prices. Disclaimer: 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
XAUUSD 2575-2570 fall possible then reversal will come 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 30 % )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 : 50) Target 2- (T2 : 65 %) Target 3-  (T3 : 78%) Target 4-  (T4 : 100%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
Gold on FOMC DayGold price is still looking weak technically and price is failing to claim weekly pivot(2667) in last two trading days of this week; For FOMC my view is still same , means I am expecting one ore leg down and in lower side we have to wait rejection at weekly S1(2608 or 2600 area) or 2568 / 2530-35 Levels for low in December for buying opportunities ( Expecting a low around 22-26 December) Also in higher side price need to claim 2700 area if price move in bullish side directly today after FOMC to re claim the bullish continuation.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold after FOMCAS EXPECTED , in previous post on gold the price was looking weak and after FOMC we have seen a decent correction in alignment with that view , on daily time frame price breakdown two supports I.e., 2620 and 2600, as you can see on the chart the price is now bouncing from lower TF oversold areas but still looking weak, next support as per weekly pivot is at 2568 and then 2530-35 area, As I am waiting from last week for this area for potential bottom in December so that I can plan a swing buy trade from this area. As per current PA ,last day candle is good bearish candle so there is no confirmation of any buy opportunity right now so it's better to wait for more confirmation from lower levels before entering in swing buy .
OANDA:XAUUSDShort
by TheGoldenCircle
GOLD TRDAING POINT UPDATE ? > READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade list time poat analysis hit My target 2722 Fvg level if breakout up trand but rejected oderbolk going to back down trand Now Gold well recover it 2665 support level Traders close below 👇 that level next target 2607 2481 but I will see now 2665 ✊ wait for breakout. Following That Target 🎯 👏 Small target we'll See 2665 To recover it 2786 back down 👇 Resistance level 2718 + 2728 Support level 2671 -2665 2607 2481 Support 💫 My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎯
FXOPEN:XAUUSDShort
by SMC-Trading-Point
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 19th December 2024Gold Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle which closes above 2613 Sell Below: The low of the 15-minute candle which closes below 2580 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2613. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2580. Disclaimer: 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
Month of Consolidation XAUUSD , orderflow tells it all. As of December 18, 2024, analyzing the Delta indicator for XAU/USD (Gold vs. USD) provides valuable insights into the current market dynamics. The Delta indicator measures the net difference between buying and selling pressures, offering a real-time view of market sentiment. Current Observations: Positive Delta with Rising Prices: Recent data indicates that as gold prices have been increasing, the Delta has also shown positive values. This alignment suggests that the upward movement is supported by strong buying interest, reinforcing the bullish trend.
FX_IDC:XAUUSDLong
by XAUUSDANALYST