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XAUUSD at Key Pivot Points: Upside or Downside?Hello, OANDA:XAUUSD has respected the 1D pivot point (PP), finding support at this level. The next key level to watch is the 1M PP. If it holds as support, we could see further upside; however, if it acts as resistance once again, a downside move may follow. Optimism for an upward trend remains, but the reaction at this pivot point will ultimately determine the direction of price action. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSD
by TradeWithTheTrend3344
XAU/USD "The Gold" Metal Market Bullish Robbery Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a trade after the breakout of White MA 2,680 however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low level should be in retreat. Stop Loss 🛑: Using the 2H period, the recent / nearest low level. Goal 🎯: Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
VELOCITY:GOLDLong
by Thief_Trader
XAUUSDUpdate: Friday, December 20, 2024 There is a downtrend line in the form of resistance!!! We are monitoring the expected movement of the current price. The price may encounter resistance and continue the downward movement. If the downward sloping line is broken, and passes through the support level, the rise may be confirmed and the rise has begun. There are suggestions for two Fibonacci corrections indicating the formation of the beginning of the rise!!! In this case, the Fibonacci technique works when the price stabilizes above the 0.74 area for two Fibonacci corrections, indicating a local upward movement or a rising coordination. Conclusion: As long as the price is below the sloping line, or continues in the downward direction, the downward trend is preferred if it does not reverse to the upside. The next possible trading area is 2540, this price is considered a support area and the price may head towards it.
VANTAGE:XAUUSD
by chihaaymen
S&P 500 Comes Back From Extreme "Extreme"In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart). It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it. This is irrational market behavior caused by artificial buying pressure (Gamma Squeeze). Now, we see the market bouncing off the 1/4 line between the warning line and the U-MLH of the white fork. And yet again, we’re trading within the orange fork. What now? Back up again or is it really heading down this time? Read my lips: "I - Don’t - Know." §8-) Buuuut, the projection and the extent of the over extension lead me to believe that this time, it’s going to crash! Like in the NQ, my stance here is **short** for the coming weeks, and possibly even months.
CME_MINI:ES1!Short
by Tr8dingN3rd
NQ - Nasdaq? Read Tomorrows Wallstreet JournalIt hasn’t made any sense for a long time now how the markets keep climbing. Manipulation? Self-perpetuation? Honestly, who cares why. As the saying goes: “The dwarves dug too deep. And what they unearthed was their doom.” Or, in another version: “The greedy vultures flew too high, and all they found was gravity.” In the chart, we see two pitchforks: The orange one highlights the actual overextension. The white one represents the moderated version. Interpreting this image is simple if you have a rulebook you can trust—and a few decades of market experience under your belt. §8-) 1. **The price turns at the orange centerline.** This means the market is in "balance"—in the context of the overextension. Or… 2. **Put differently:** In the context of the white pitchfork, the market overshot the upper median line parallel. This was an overextension by a factor of 2. **What do we do with this?** We stick to the rulebook for median lines. The rulebook says that when the price trades above the U-MLH (upper median line parallel), fails to hold, and drops back into the fork, the market will fall to the next line. - **Orange fork:** Down to the L-MLH (lower median line parallel). - **White fork:** Down to the centerline. Beyond that, I **think/guess/predict/read-tea-leaves** that the market will fall much deeper in 2025. Please note the distinction here: - The first statement is the projection—the interpretation of the chart. - The latter is a speculation (no crystal ball involved). For me, it’s clear: medium-term **short** with multiple price targets.
CME_MINI:NQ1!Short
by Tr8dingN3rd
GOLDEN INFORMATION / GOLD UPDATE / WEEKLY CLOSING / FED UPDATETRADINGVIEW: plan day 12/20/2024 (Friday) ⭐️GOLDEN INFORMATION: Thursday's US economic data revealed a decline in unemployment claims, while the final Q3 GDP report from the Bureau of Economic Analysis confirmed 3.1% year-over-year growth. Despite these figures, market attention remains focused on projections for 2025. The Federal Reserve (Fed), led by Chair Jerome Powell, reduced interest rates by 25 basis points, though the decision was not unanimous, with Cleveland Fed's Beth Hammack dissenting in favor of maintaining current rates. Fed officials have also shifted focus to inflation, as reflected in the dot plot. Their projections indicate two 25-basis-point rate cuts in 2025 and another two in 2026. ⭐️Personal comments PIPS & PROFIT: Strong Bearish Trend - Pressure on Market Maintains Around 2600 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2626 - $2628 SL $2633 TP1: $2620 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2576 - $2574 SL $2569 TP1: $2582 TP2: $2590 TP3: $2600 Let support Pips & Profit by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone 🌸🌸🌸
FXOPEN:XAUUSDShort
by PIPS_n_PROFIT
XAUUSD (Gold) Bullish trade Idea over the breakout of 2604.02 leXAUUSD (Gold) Bullish trade idea over the breakout of 2604.02 level. Gold fell on the recent 18 Dec 2024 FOMC, and on 19 Dec 2024 the unemployment data was strong for the US dollar, so now I am watching the buy-side trade idea over the breakout of the 2604.02 level with strong confirmations of price at this level. The setup must meet the required momentum in the price. The sentiments also show the price will move as per the data revelled from various sites. Setup; Gold Buy at level: 2604.2-2605.2 Stop Loss: 2599.2 (50 pips) or the low of previous candle Take Profit; 2623 *Note; If the valid breakout will be found then the setup also valid otherwised find more oppercunity.
FOREXCOM:XAUUSDLong
by Bloom_Forex_Official
My Best analysis I have analyzed the recent price movement of gold (XAU/USD) on the 1-hour timeframe, and here are my observations: 1. Downtrend: The price is currently following a downward trend, indicating a bearish market sentiment. 2. Resistance Level: A strong resistance zone has been identified near the 2,598 level. 3. Potential Breakout: If the price manages to break above this resistance, an upward move can be expected. However, failure to break the resistance might result in a further decline toward the 2,560 level. 4. Bearish Target: A potential bearish target around 2,560 has been highlighted based on the current trend.
TVC:GOLD
by LunaTrader_SingnalsProvider
1220 USOIL could not break top zone and turn down sideways againHello traders, This Thursday, Bitcoin's price experienced significant fluctuations, dropping from $102,000 to $97,000, a decline of $5,000 overnight. If we consider the high point from last weekend, the "tulip bloom," to the current "withered" state, it has fallen a total of $11,000 within a week. As a reminder, the second half of December is the period of tightest liquidity in the U.S. Everything is sellable! Therefore, when Federal Reserve Chairman Powell clearly stated, "We are not allowed to own Bitcoin," it can at least be confirmed that the rumors of the Fed holding Bitcoin have been dispelled, and the U.S. government's plans to accumulate Bitcoin are nearly impossible. This means that Bitcoin's price has finally returned to "normal," reflecting the trend of tightening liquidity. On Thursday, there are several important data points to pay attention to: 1. U.S. Dollar Index: 108.3 2. 10-Year Treasury Yield: 4.57% 3. 30-Year Treasury Yield: 4.74% These figures indicate that inflation expectations are rising. In particular, the 30-year Treasury yield is just about 10 basis points away from this year's high of 4.81%, and less than 40 basis points from the 2017 peak of 5.11%. Over the past two weeks, the 30-year Treasury yield has risen by 40 basis points. What is the current market consensus? The small red circle suggests shorting U.S. Treasuries and going long on the dollar. Today is Friday, a special day, as it marks the largest and most important options expiration date (OPEX) of 2024. Given the maximum OPEX, the impending government shutdown, and the tightening liquidity, the market may experience significant volatility!!!!!! Major attention is needed during this time, particularly during U.S. market hours (9:00 PM Beijing time to early Saturday morning). Wednesday's internal tips: On the 4-hour chart, crude oil has retraced below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), creating a selection issue for the market. **Idea One:** You can choose to enter new long positions after the 4-hour chart returns above the EMA. **Idea Two:** You can also consider a larger risk-reward ratio, entering the market opportunistically while the 4-hour chart is below the EMA, but the daily and weekly charts remain bullish. For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second idea mentioned above. TP1: 71.5 TP2: 72.0 TP3: 72.70 On Wednesday, during U.S. market hours, crude oil faced resistance at the first resistance level; On Thursday, during U.S. market hours, crude oil was blocked by the 4-hour EMA. At this point, the long crude oil trades hit their stop loss, and positions were closed, requiring a reevaluation of the trading strategy. Since Wednesday, under the pressure of the Fed's hawkish interest rate cuts, the demand outlook for crude oil has become increasingly bleak. Moreover, the market's further slowdown in easing expectations poses severe challenges for oil prices. Currently, the market generally believes that there will be a significant oversupply of global oil next year. In this market expectation, a rise in oil prices has become almost impossible. Market sentiment is low, and investors are generally cautious about the oil market. In the coming months, oil prices are likely to remain under pressure, making it difficult to regain their former glory. From a technical perspective, on the 4-hour chart, crude oil continues to struggle within a sideways range. On Friday, plan to establish new short positions. On the 1-hour chart, during European and American market hours, look for an opportunity to enter short positions on crude oil based on a 1-hour reversal signal. TP1: 67.50 TP2: 66.60 Mid-term short position take-profit level: 63.50. GOOD LUCK! LESS IS MORE!
FX:USOILShort
by FUNTRADER-Vera
GOLD --> The Downtrend Persists. What’s the Next Target?Dear Friends, Gold has seen a modest rise amidst a broader bearish trend, currently trading around $2,617, up 1.27% on the day. This slight uptick can be attributed to sellers pausing their pressure, coupled with the fundamental appeal of gold increasing. As the opportunity cost of holding the non-yielding precious metal decreases due to lower interest rates, gold becomes more attractive. However, the Federal Reserve's cautious outlook on rate cuts—suggesting smaller reductions than expected next year—could weigh on gold's upward momentum. Additionally, US Treasury yields edged higher on December 18, with the 10-year yield reaching its highest level since May. Treasuries, often considered a direct competitor to gold due to their interest-bearing nature, could diminish gold's appeal if yields continue to rise. Ben personally advises waiting for a decisive candle close below the 2636 liquidity zone before taking further advantage of the market trend.
OANDA:XAUUSDShort
by Bentradegold
GOLD → Interest rates are dropping, so why is gold falling?Hello, dear friends! Ben here! Gold prices remain consolidated below the $2,600 level following a strong two-way price movement in the previous session and stay near their lowest point in over a month. The primary reason for the decline in gold prices is the recent decision by the U.S. Federal Reserve (Fed) to cut interest rates by an additional 0.25%. While this move was widely anticipated, the Fed also indicated that it plans to reduce rates at a slower pace in 2025. The impact of recent Fed rate cuts had already been priced into gold. At this point, investors are eager to know how many rate cuts the Fed will execute in 2025. According to the Fed's latest interest rate projections, only two rate cuts are expected in 2025, compared to four cuts projected in the September forecast. In theory, the Fed’s hawkish stance has worked effectively: the dollar has strengthened, and the markets have weakened. Today, all eyes are on GDP and the PCE data—an index the Fed considers a key measure of inflation. From a technical perspective, after retesting the previously broken channel boundary and an imbalance zone, gold prices have dropped further. As a result, a clear trend is emerging that warrants close observation. If the price fails to hold above the critical support level around $2,586/ounce, it is highly likely to decline toward the $2,521/ounce area. Sincerely, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
Negative News - XAU Continues Bearish Cycle ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rebounds from a one-month low near the $2,584-$2,583 region seen during the Asian session on Thursday, halting a two-day losing streak. Geopolitical tensions and trade war fears, combined with the Federal Reserve's (Fed) hawkish shift on Wednesday, have weighed on global risk sentiment. The resulting declines in equity markets have driven safe-haven demand for gold. However, the Fed's signal of a more cautious approach to rate cuts next year has kept US Treasury yields near multi-month highs and supported the US Dollar (USD), which remains close to a two-year peak. These factors could limit gold's upside, urging caution for bullish traders. Market participants now await US economic data, including the final Q3 GDP figures and Weekly Initial Jobless Claims, for short-term trading cues. ⭐️Personal comments NOVA: The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635 SL $2640 TP1: $2625 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2585 - $2583 SL $2578 TP1: $2595 TP2: $2607 TP3: $2624 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
WTI OIL entered a new bullish pattern on a 4H Golden Cross.WTI Oil (USOIL) just formed a Golden Cross on the 4H time-frame while at the same time it rebounded on the former Lower Highs trend-line. This technical shift from a Resistance level turning Support, signifies the emergence of a new Channel Up pattern. The pattern's first Higher High was priced on the 71.45 Resistance (1) and if the current Higher Low holds at the bottom of the Channel Up, we expect an equally powerful Bullish Leg for the next Higher High. As a result we expect it to hit at least Resistance 2 and our Target is $72.80. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot