Get started

Fundamental Analysis

GOLD stable, pay attention to data and upcoming eventsOn the Asian market on Tuesday (December 17), OANDA:XAUUSD Spot delivery is basically stable, gold price is currently around 2,651 USD/ounce and there are almost no significant fluctuations. In the coming days, the Federal Reserve, Bank of England and Bank of Japan will hold monetary policy meetings to decide on interest rates, while also hinting at what 2025 might hold. The Fed is expected to cut base interest rates by 25 basis points. The change has long been priced in, meaning the focus will be on the Summary of Economic Projections (SEP), or Dotplot chart, in which policymakers detail their expectations on inflation, growth, interest rates and employment. These will have a significant impact on the US Dollar. CME's "Fed Tracker" shows traders see a 95.4% chance the Fed will cut interest rates by 25 basis points on Wednesday. Today (Tuesday), the US Census Bureau will release retail sales data for November, which is expected to trigger market volatility during this trading day. Surveys show U.S. retail sales are expected to rise 0.5% monthly in November, after rising 0.4% in October. US retail sales data typically has a greater impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold. If US retail sales data is stronger than expected, the US Dollar could strengthen, thus pushing gold prices back down; On the other hand, a weaker-than-expected retail sales report will stimulate a recovery in gold prices. In addition, on the same day, the NAHB home price index in the US will be announced for December, which is expected to increase slightly to 47 from the previous value of 46. In terms of technical structure, not much has changed so readers can review the previous weekly publication linked below. In the coming time, the technical chart of gold prices will be noticed by some notable patterns as follows. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2680 - 2678⚡️ ↠↠ Stoploss 2684 →Take Profit 1 2673 ↨ →Take Profit 2 2668 BUY XAUUSD PRICE 2621 - 2623⚡️ ↠↠ Stoploss 2617 →Take Profit 1 2628 ↨ →Take Profit 2 2633
OANDA:XAUUSD
by Xayah_trading
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders. what do you think about this chart. comment your opinion in the comment session. current price: 2658 today a temporary bullish retracement is possible as market could not breakout w1 candle. but market is still in its liquidity zone. if market pull backs from 2668 and 2675 then its next target will be 2635 which is our demand zone. key points: 2668. 2675 demand zone: 2643. 2632 like comment and thank you for support
TVC:GOLDShort
by LindaFxTrading
GOLD: What's possible on the opening day OANDA:XAUUSD market is opening tonight. It closed around 2648. Gold is on the bearish run but is it really in the trend reversal or just technical correction? For asset like gold, a Trend reversal needs to be supported by fundamentals. And at the moment there isn't any sign that supports it. So as of now we can say that gold is in technical correction. WHAT TO EXPECT ON MONDAY? If at opening, market moves downward and below 2645 then we can expect for sell opportunity around around that area. only valid if it goes bearish with decent volume. But if market at the opening goes bullish we can look for sell opportunity around 2657 & 2665. both these levels are pretty solid. 2665 is very solid selling point as 200SMA & fib 0.236 are acting as good resistance level. Buy levels are 2629/2624 & 2605/2610. 2605 is very big level and I don't see it breaking until market decides it's next move. This is my analysis for opening day. And until fundamentals don't come we can't say that it's trend reversal. As of now market is waiting for FOMC. Fed will decide on interest rate and that will further help us to understand the direction of the market. NOTE: Don't trade without any confirmation! If my analysis helped you in any possible way, than don't forget to like & share the idea.
OANDA:XAUUSD
by Forex_Analysis_Wing
Forecasting the direction of gold for the rest of this yearAt the beginning of the trading session on December 16 (US time), world gold prices increased. The market expects the US Federal Reserve (Fed) to cut interest rates by 25 basis points at its meeting on December 17-18 (US time). Investors took advantage of buying gold to get ahead of the uptrend after the Fed's decision. After a series of unusual developments in gold in recent times, experts are still cautious with the precious metal in the short term. Some investors are tending to sell to take profits in the last weeks of the year. Marc Chandler, CEO of Bannockburn Global Forex, said that the direction of gold depends on the Fed's decision. Gold is at risk of falling to the $2,600/ounce mark if the Fed signals a smaller reduction or stops cutting interest rates next year. Forecasts that the US economy will likely be more stable and stronger next year. This means the Fed has little reason to lower interest rates, and gold prices may not receive as much support as this year.
TVC:GOLD
by FalCol_TradingMaster
Gold price forecast December 17, 2024World gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%). The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year. Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market. This medium-term upward trend is mainly driven by new economic policies, including deeper corporate tax cuts and increased tariffs on imports to the US. These policies could cause inflation to increase in 2025 and beyond. Wong also highlighted that real yields on the 10-year note have rebounded sharply after testing the 1.9% support level last week. If it increases to 2.29%, the opportunity cost of holding gold will be higher, making gold less attractive to investors.
OANDA:XAUUSD
by FalCol_TradingMaster
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle. Target Levels: 1st Resistance – 195.76 2nd Resistance – 196.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
30
Red Monday: Opportunity or the Calm Before the Bull?Greetings, friends. Today, I want to take a clear-headed and strategic look at the current situation in the crypto market. We’re experiencing what’s often called a “Red Monday.” Bitcoin is pulling back by roughly 3% for the day, which is just a light gust of wind—nothing unusual. However, altcoins, excluding Bitcoin and Ethereum, are showing much greater weakness. The total market cap of alts has dropped by 6.5%, but it’s already starting to stabilize. Here’s the important thing: focus not on the noise but on the key signals. The market is currently in a state of euphoria, with over 98% of Bitcoin’s supply in profit. This is a red flag for those who understand market cycles. History clearly shows that such phases often precede corrections. Typically, the market stays in this state for 2–3 months before retracing by 20–30%. Right now, we’ve been in this zone for two months, and the likelihood of a correction grows with each passing day. But listen closely: indicators haven’t yet hit extreme levels. This means the market still has some room to run before we face a correction wave. I see the probability of a 15–20% drop becoming increasingly tangible, but for now, there are no strong signals indicating a reversal. Trading volumes remain steady, which reflects restraint among major players. Key levels? They’ve already been outlined. The primary support zone lies between $92,000 and $87,000. This is where significant trading volumes are concentrated and will likely stabilize the market if a downturn occurs. For now, the scenario is clear: we’re likely to remain in the $92,000–$99,000 range until the end of the year. Now, friends, the main thing—no panicked decisions. Every market movement is an opportunity for the strong to fortify their positions. A correction isn’t the enemy; it’s part of the cycle that allows us to grow. But don’t forget: strategies need to be prepared in advance. Those who succeed here are not the ones who simply hope for luck, but the ones who come with a solid plan. If this perspective resonates with you, let me know. Together, we won’t just endure; we’ll come out stronger. Until next time. Ahead of us lies a truly bullish market.
by BamBooChain
2