Gold trading zones: 20-Dec-2024Today’s Gold trading zones: For educational purposes only, use at your own risk.
Goldlong
After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates.
Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.
Gold is still in a long term uptrend.At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
Multinational investment bank Goldman Sachs predicts that demand for gold will remain strong as central banks seek to diversify their reserves, especially after Russia's assets are frozen in 2022.
🔥 XAUUSD SELL 2607 - 2609🔥
💵 TP1: 2600
💵 TP2: 2590
💵 TP3: OPEN
🚫 SL: 2615
Gold Next Week Timeframe :
D1 trendline broke
H4 Bullish eng
H1 Bullish eng + FVG
D1 trendline has broken the down trendline, H4 has bullish engulfing at demand zone, H1 has also bullish engulfing and Fair Value Gap (FVG).
Entry :
According to H1 TF, entry point is 2643 at the area of FVG and Bullish engulfing.
Stop loss 2630 and Target is 2723.
Its possible to achieve target next week in FOMC.
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.
Dont Miss The Developing Gold Range Longs and ShortsIn this video I talk about the range that is now forming on gold which will provide many opportunities for Longs and shorts going into 2025. Trade the range until it breaks .
XAUUSD (Gold) Bullish PlanAs Expected Monthly Candle Close above 2604, October Low Sweep, So I am Bullish in December because Order Flow is Bullish of Gold and Silver, In New Month Price will Tap in FVG Then Bullish Move Expected. Follow With Risk Management.
XAUUSD expecting next impulse after a sharp decline!Hi fellow traders, XAUUSD is ready to make a move higher from the blue box after completing a sharp correction. Move your stoploss to break even as soon as we close above the grey ‘Risk free zone’. Target the 2800.86 level. Good luck and trade safe!
GOLD TO $3000/OZ (after correction ofc)After my previous optimistic idea, here’s a scenario that seems much more likely! Now I can also see that gold needs a little break before it can head towards the $3000+ target price! I think the $2500 avg. price level is a very good entry point before the first wave of the fifth wave begins.
Summary of 12.21 Golden WeekendThis week, gold experienced continuous shrinkage, but we also followed the trend and finally won a great victory. Our members also successfully completed the goals set at the beginning of the week.
Finally, I wish you all a happy weekend. Let us continue to complete our profit plan next week.
12.20 Gold short-term short-selling trend remains unchangedAgainst the backdrop of changes in the Fed's expectations for a rate cut in 2025, and the reduction in the number of rate cuts and the reduction in the magnitude, the gold market plunged sharply on Wednesday night. Although there was a rebound on Thursday, the price once reached 2626. However, it should be noted that this seemingly strong rebound is actually a bullish counterattack after the decline, and it is difficult to reverse the overall downward trend.
From the daily trend pattern, the closing line of the high-rise and fall leaves a long upper shadow, which means that the increase cannot be maintained and the strong pattern is difficult to return.
This rebound, on the one hand, vented the resistance of the bulls, and on the other hand, it confirmed the pullback of the previous bottom support and completed the top-bottom conversion. Once the key support level is broken, the bears will continue. In addition, after the short-term touches the whole hundred mark, there will be repeated situations. From the technical perspective, whether it is rising or falling in the short-term, after touching the whole hundred mark, there will be short-term repetitions. Therefore, after yesterday's decline and the price fell below 2600, it is normal for the price to rebound.
Although the current market has not started to fall, it is very difficult for the price to return to the original support level, and the downward trend has become a high probability event.
Today's trading strategy:
SELL: 2620 Target 2600 90 80
#GOLD Update chart XAUUSD is showing a strong bullish divergence, a clear indication that the market's momentum is shifting upward. The technical signals are aligning perfectly, paving the way for a potential breakout in gold prices as buyers step in to capitalize on the opportunity.
12.20 Gold Short-term Operation Analysis StrategyYesterday, the gold market opened at 2645.2 in the morning, and then the market rose slightly. The daily line reached a high of 2652, and then the market was in a range. Before 3 am, the daily line reached a low of 2632.9, and then the market was in a range. Although the Fed cut interest rates by 25 basis points in the early morning, the dot plot showed that the rate cuts next year would be reduced from 4 to 2, and the Fed Chairman later confirmed that the market broke through and fell sharply. The daily line reached a low of 2583.1, and then the market was in a range. The daily line finally closed After the line reached 2585.2, the daily line closed with a saturated large negative line with a slightly longer upper shadow line. After this pattern ended, the rebound trend was destroyed. The market has a need to continue to fall back within a certain period of time. In terms of points, the short position at 2600 this morning was reduced and the stop loss was followed up at 2602. Today's market first rose to give a 2600 short conservative 2612 short stop loss of 2616. The lower targets are 2590 and 2583. If it falls below, it will focus on the 2572 and 2563-2554 support range.
GOLD MARKET UPDATE Current Gold Market Situation: It is advisable to avoid making any purchases at this time. Wait for clear confirmation and stability before considering investment decisions.
Gold Long 4HThis is a Trade Idea Based on Pullback Levels and Golden zone of Fib, I'm looking for a buy opportunity around the 2633-2630 range on the 4-hour chart. To enter this trade, confirmation is essential. I'm looking for confirmation on a lower time frame, such as the 30-minute chart. An ideal confirmation would form a 'W' pattern, preferably with a higher low in the second leg.
Gold trading insights: 19-Dec-2024VIDEO ENDED ABRUPTLY BUT THE MAIN POINTS WERE COVERED...Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
#GOLD XAUUSD SELL MORE?🌐The Fed cut interest rates by another quarter point to a range of 4.25% to 4.50% early this morning and announced it would continue to shrink its balance sheet. Cleveland Fed President Beth Hammack voted to keep rates unchanged.
After confirming the Fed had delivered a 25 basis point cut, markets immediately turned to see how the central bank’s view on future rate cuts has changed. Unsurprisingly, the Fed is expected to be more cautious in 2025 than President Trump had predicted before the election. The Fed is expected to cut by 50 basis points, while raising its inflation outlook
XAUUSD - sells in play?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair updated from the previous one.
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are still using H4 to show you the sells we have in play.
XAUUSD is currently trading at around 2670s .
If you remember our previous long-term view on OANDA:XAUUSD you should remember that after hitting the top of the area at around 2714 (a bit higher) we were automatically looking for sells. We are currently holding a few sell positions at 2680s as the price failed to break higher.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some massive sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD completed the predicted long-term move to the upside.
- XAUUSD sells were called at the top of the area (2714).
- XAUUSD failed to break higher and is following the long-term analysis.
Happy trading!
FxPocket
12.19 Gold interest rate decision determines direction!How to participate in the short-term gold today?
From the daily chart of gold, it is a weak bearish pattern. The upper 2662 is the resonance pressure of the daily and hourly lines. This position has been prompted in recent days. The hourly chart shows that 2651 is the hourly annual line level pressure. This position also suppressed the retracement in the early trading. The hourly BOLL is slowly closing. The data is approaching. The 1-hour and 30-minute charts are also in a volatile pattern. So today's morning trading will not see a big market outbreak. Pay attention to the 2640/38 area below to see a volatile rebound of 2651-2662. When the price reaches 2662, you can first participate in the retracement. Of course, these are all before the data is released. After the data is released, you can still treat it as a shock between 2706-2600.
XAU/USD Expected Last Long Swing trade of year 2024 in Spot Considering the completion of the corrective downside move in gold, we can expect two swing-long trades this month.
Make sure you follow your risk-reward ratio during placing these trades.
Trade no. 1 - Entry - 2636
SL - 2694
TP - 2790
Trade no. 2 - Entry - 2605
SL - 2694
TP - 2790
#GOLD NEXT TARGET?The Fed is set to cut interest rates for the third time in a row, by 25 basis points.
➡️➡️- Rate estimates in the Fed's "dot plot" from September forecast 100 basis points of cuts in 2025.
➡️➡️- Wall Street is predicting fewer cuts next year, for a total of 75 basis points. And some are predicting just 50 basis points, a level consistent with swap market pricing.
➡️➡️- Fewer cuts in 2025 are also consistent with the U.S. economy proving more resilient than officials expected just a few months ago. Recent data show inflation is falling more slowly than officials had expected and the labor market is not weakening as much as feared.
➡️➡️- The most important piece to watch is Fed Chairman Powell's remarks and press briefings.
Gold - The Next Bitcoin?The markets are beyond stretched—they’re squeezed all the way to the moon.
Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips.
Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like crash could unfold—you’ll see we’re staring at the perfect recipe for a stock market KABOOM.
So, where will traders, investors, and even grandmas rush to when this unwinds? My bet: Gold. Where else? This is when the Gold Rocket ignites, replacing Bitcoin and the MAG7, creating yet another bubble—a glittering tulip 5.0. And just like before, it’ll burst when the fuel runs out.
Buckle up! 🚀
12.18 Gold tests low and waits for interest rate cutYesterday, the gold market opened at 2652.6 in the morning. After that, the market rose to 2658.9. After that, the market continued to fall under pressure. The daily line reached 2632.7 at the lowest point. After that, the market was slightly pulled up by the support of the 50 mark of the Fibonacci in this round of upward movement. The daily line finally closed at 2646.2. After that, the market closed in a hammer pattern with a long lower shadow. After this pattern ended, the daily line constructed a rubbing signal. Against the background of the Fed's interest rate cut tomorrow morning, today's retracement layout is long.
Intraday short-term operation suggestions:
BUY: 2640 Defense 35 30
$: 55 62 68
