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XAUUSD trade ideas

XAUUSD Gold price recovers further from one-month low, climbs to $2,620 amid risk-off mood Gold price attracts some haven flows in the wake of the post-FOMC sell-off in the equity markets. The Fed’s hawkish outlook lifts the US bond yields to a multi-month high and might the XAU/USD. Traders now look to the US Q3 GDP print for some impetus ahead of the US PCE data on FridayFrom a technical perspective, the overnight close below the 100-day Simple Moving Average (SMA), for the first time since October 2023, and the $2,600 mark was seen as a fresh trigger for bearish traders. Moreover, oscillators on the daily chart have just started gaining negative traction and suggest that the path of least resistance for the Gold price remains to the downside. Meanwhile, Thursday's attempted recovery stalls near the $2,618 region, or the 23.6% Fibonacci retracement level of the latest leg down from over a one-month high touched last week. The said area should now act as a pivotal point, above which a fresh bout of a short-covering could lift the XAU/USD towards the $2,635 area, or the 38.2% Fibo., en route to 50% retracement level, around the $2,655-2,656 supply zoneGold price (XAU/USD) builds on its goodish intraday recovery from a one-month low and climbs to a fresh daily high, around the $2,622 area during the early part of the European session on Thursday. The global risk sentiment took a turn for the worse in reaction to the Federal Reserve's (Fed) hawkish cut on Wednesday. This, along with geopolitical risks and trade war fears, turn out to be key factors driving haven flows towards the precious metal. Meanwhile, the US Dollar (USD) is seen consolidating the previous day's post-FOMC gains to a two-year top and does little to provide any impetus to the Gold price. That said, the Fed's signal that it would slow the pace of interest rate cuts continues to lift the US Treasury bond yields and acts as a tailwind for the buck. This, in turn, might keep a lid on any further gains for the non-yielding yellow metal and warrants some caution for bullish traders
OANDA:XAUUSDShort
by KingForex078
ANNUAL CLOSING PREDICTION🌟 XAU/USD Gold Forecast - Monday, December 16, 2024 🌟 Gold (XAU/USD) is heading into Monday with a bullish outlook but faces key resistance at $2,765. A breakout above this level could propel prices higher, aligning with the current uptrend. However, if resistance holds, we might see a correction towards the strong support zone at $2,545. 🔑 Key Levels to Watch: Resistance: $2,765 – A critical ceiling for upward movement. Support: $2,545 – A safety net for price drops. 📈 Market Sentiment: Gold’s momentum remains positive, supported by ongoing economic uncertainties. But keep an eye on potential short-term pullbacks if buyers hesitate at resistance levels. 📅 Week Ahead: Gold remains a top safe-haven asset amidst fluctuating market conditions. Watch for breakout opportunities as the trend develops. Stay tuned for updates and live action on XAU/USD throughout the week! Anticipates gold prices reaching $2,500 per ounce by year-end, assuming a Federal Reserve rate cut
FOREXCOM:XAUUSDShort
by TREXTROFX
XAUUSD H4 I Bearish ReversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2675.12, which aligns with the 38.2% Fibonacci retracement. Our take profit will be at 2639.87, an overlap support level close to the 78.6% Fibo retracement The stop loss will be at 2726.06, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
#XAUUSD/GOLD 4HXAUUSD 4-Hour Analysis The XAUUSD (Gold) pair has broken below a significant trendline support on the 4-hour chart, signaling a shift in momentum to the downside. This breakdown indicates increased selling pressure and provides a strong opportunity for bearish positions. Technical Outlook: Pattern: Trendline Support Line Breakdown Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirming the breakdown with bearish price action signals, such as a retest of the broken support line acting as resistance or the formation of lower highs and lower lows. Traders should monitor indicators like RSI for confirmation of bearish momentum or MACD for a bearish crossover. Risk management is essential, with stop-loss orders placed above the retest level and profit targets set at key support zones below.
OANDA:XAUUSDShort
by PIPSFIGHTER
Gold Price Analysis December 16Fundamental Analysis Expectations of a hawkish Fed rate hike next week boosted the US dollar and US Treasury yields on Wednesday, leading to a corrective pullback in gold prices from multi-month highs. US President-elect Donald Trump's tax plan will add to inflation and delay the Federal Reserve's easing policy. Technical Analysis Gold is in a strong bearish channel with 2636 being the first target of the downtrend and 2626 the next. The recovery to be considered a trend reversal only when gold closes above the 2691 area. Gold is still considered a downtrend if it faces the 2672 and 2691 port areas. Pay attention to price reaction to have the best trading strategy Trading attention zone BUY zone 2626-2624 Stoploss 2620 SELL zone 2673-2675 Stoloss 2678
OANDA:XAUUSD
by TVS-Trader
GOLD Technical Analysis! BUY! My dear friends, My technical analysis for GOLD is below: The market is trading on 2660.0 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2682.0 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
Idea GOLD 16-20 December 2024In my opinion, the trend of gold this week will be as follows: 1- Support at 2640 and the final target for the week is 2760 to 2830. Note: Please be careful 2820 2- If 2640 breaks to the 2610 range, we do not make any trades and wait. 2-1- If 2600 breaks, sell trade with a stop loss of 2645, target 2830 2-2- If 2650 breaks, buy trade with a stop loss of 2600, target 2550 Note: My opinion is bullish. Overall, it will be a risky week. The November candle closed negative and the second week of December closed neutral. Please be careful. We may not have a trade this week.
CAPITALCOM:GOLD
by mahmoudshoari
Xauusd for a selling opportunity from the H1According to the lower timeframe, I'm personally looking for a selling opportunity from the H1 resistance area because it's a major zone for sellers. Now the price consolidating between the parallel channel, but we can expect, it will break the resistance and move towards the major resistance area. But if the price successfully breaks our channel downside, then we will start placing our stop orders. Target:- 2588.00 / 2558.53 Let's see how the price will move. CAPITALCOM:GOLD
CAPITALCOM:GOLDShort
by TRADE_CENTER_1
Trading is a Game of Probability------For SMC TradersFocus on Risk Management and High-Probability Setups Trading is fundamentally a game of probabilities, which means you should take risks that align with your capital and personal risk tolerance. There is no "holy grail" strategy in trading. Instead, you need to think from both sides of the equation: start by assessing the risk you’re taking on in a trade rather than focusing on potential profits. When you prioritize managing risk, profits will follow naturally. One of the most common mistakes traders make is to focus solely on profits. They imagine the rewards but fail to account for the risks involved. Trading success comes from understanding and managing the probabilities on both sides—risk and reward. The Foundation of Trading: Risk Management 1.Control Risk Per Trade Self-Funded Accounts: Limit risk to 1%-2% of your account balance per trade. Funded Accounts: Limit risk to 0.25%-1% of your account balance per trade. 2. Adjust Stop Loss Dynamically to Protect Capital When the trade moves in your favor, focus first on securing your stop loss. Once the market breaks a recent high or low, move your stop loss to breakeven. Avoid chasing extreme risk-reward ratios like 1:30 or 1:50, which are often overhyped on social media. In reality, a 1:5 to 1:10 risk-reward ratio is excellent and more realistic. Rather than aiming for exaggerated profits, concentrate on protecting your capital and waiting for high-probability entries. Discipline and Patience: The Keys to Consistent Success Avoid Emotional Trading Emotional trading is a major obstacle to profitability. To succeed, you must remain emotionless and stick to your plan. Only take trades at high-probability Points of Interest (POI) and avoid impulsive entries. Be Patient and Wait for the Right Setup Patience is a vital part of trading. The market doesn’t always offer high-quality opportunities, so it’s crucial to wait for everything to align with your trading plan before entering a trade. Key Takeaways Risk per trade for self-funded accounts: 1%-2% Risk per trade for funded accounts: 0.25%-1% Focus on high-probability trading setups and always protect your capital by adjusting your stop loss. Aim for realistic risk-reward ratios (e.g., 1:5 to 1:10) rather than chasing extreme and impractical goals. Discipline and patience are the foundations of long-term trading success. Remember, trading is a long-term game of probabilities. Protect your capital, trade rationally, and patiently wait for high-probability opportunities to achieve consistent profitability.
ICMARKETS:XAUUSDLong
by Smart-Trader-KIMMM
Trend analysis and strategy, continue to look at reboundGold bottomed out and rebounded on the daily line, MA10/7-day moving averages were flat at 2661/70, and the RSI indicator was running at the 50 value of the middle axis. The short-term four-hour chart bottomed out and rebounded, and the Bollinger Band lower track 2630 was supported to a certain extent. The hourly moving average golden cross opened upward, and the RSI indicator bottom diverged and stood above the middle axis. The callback during today's trading day is still mainly for low-price longs, and then consider selling. After yesterday's decline, gold continued to return to volatility. After today, the NY market will usher in the Fed's interest rate decision, so gold will most likely continue to fluctuate before the Fed's interest rate decision, and then wait for the Fed's interest rate decision to decide the winner. The 1-hour moving average of gold is still in a short position. The gold rebound still focuses on the resistance near the last high of 2667 and continues to see a volatile decline. Gold rebounds above 2660 and can continue to be short. Pay attention to the 2633 first-line support below. Gold fluctuates in this range and waits for the Fed's interest rate decision before choosing a direction. First support: 2640, second support: 2633, third support: 2615 First resistance: 2658, second resistance: 2667, third resistance: 2678 Trading strategy: Before the US interest rate decision, sell high and buy low in the range of 2633~2667
OANDA:XAUUSDLong
by Jun-GoldAnalyst