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XAUUSD Revision Thursday 19 December 2024Hello Nation! I had to wait for FOMC to conclude before doing this update. Let’s start with Gold opening at 2646 area. Price went straight bullish to the highest SBR level which was created by yesterday’s candles. From there we can follow that price have a bearish reaction which ended up moving Sideways bouncing to top and bottom of the m15 for many hours. While price doing so, i can also see my favourite setup developing which i marked with the m15 box. With price showing rejection from that box. That is a hint for me that sell entry was possible. I mark the sell position with a risk of 30 Pips SL and TP of 100 Pips. Usually i will go down to lower timeframe like the m5 or m1 to precise my entry. But for these daily updates, i will stick with m15. I have another SBR Zone at 2637 / 2638 area. But, as my m15 SBR was clear for entry. Time was too close to FOMC. Congratulations to those who manage to catch that sell entry. I chose to sit tight and just watch how Gold reacts to the news . Conclusion for today, It was another sellers day. Hours of consolidation during London Session and we are ending the day with an estimate of 200 pips drop due to FOMC. I am just sharing what i see. I am just taking notes for my own setups and maybe i can improve to be a better trader. Thank you for reading and Goodbye!
OANDA:XAUUSD
by Mann20pips
2
WTI CRUDE OIL: Bullish fractal from 2023 targets $78.50.WTI Crude Oil is neutral on its 1D technical outlook (RSI = 51.153, MACD = 0.060, ADX = 20.101) as it is trading around its 1D MA50 but at the same time remains supported on the S1 Zone. In the meantime the 1D RSI is rising on HL, which is a bullish divergence. This set of dynamics are identical to March-June 2023, when WTI was contained over the S1 Zone but the RSI was pointing to a bullish divergence that eventually caused a bullish breakout. Consequently, we are bullish now, aiming again at the R1 level (TP = 78.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
2
GOLD Buy ZoneGood day, traders. A significant buy zone for large institutional traders lies between 20 and 40, aligning with the prior 9-day consolidation period before the breakout above 2665. Analysis Details: The 20-40 range reflects strong accumulation by major players, supported by increased volume and reduced volatility during consolidation. The breakout above 2665 highlights this zone as a critical support level for future price action. Implications: The 20-40 range will likely act as strong support during pullbacks, offering potential entry points for traders. Monitor this zone for bullish signals and build positions with stops slightly below. PEPPERSTONE:XAUUSD TVC:GOLD OANDA:XAUUSD
PEPPERSTONE:XAUUSDLong
by GoldenEdge
copper silver12.18.24 in this video I get to show you a perfect buying setup for copper.... using extensions and support resistance lines and ABCD patterns. on the other hand silver which I think is going higher but I could be wrong... is still a lousy trade today because it is badly contracted trading patterns like this are very stressful you're likely to have more losing trades if you pick a setup like the setup we see today and actually for the past 3 or 4 days on Silver..... the market needs time to expand before it's a good trade. the silver market is Trading in such a way that you can't tell who prevails the buyers or the sellers because the vertical range of this Market tells you that the buyers and sellers both don't know where the Market's going which is typical of a badly contracted Market.... so you wait for the market to Define itself and expand and we will get a chance to see that because sooner or later the market will expand then we can look to see what it looks like. contracted markets don't look dangerous but they are and you will have more losing trades and you'll get whipped around relatively bad risk reward Behavior.
COMEX:SI1!
by ScottBogatin
XAUUSD (Gold) #FOMC Signal in Short AreaHello friends here is my XAUUSD(Gold) ideas about FOMC Economic Projections and Fed Press Conference ,lets share your opinions about the signal . The R1 is 2652 if its breaks the zone then it can go for long ,for long target you can view my last chart about Gold .if its breaks the S1 then my bearish target is declared in the chart so lets follow my signal and share your precious thoughts about my chart . Follow me for timely updates boost my post and support with your likes and comments .
OANDA:XAUUSDShort
by ALLEYPROFESSIONALS
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.
TVC:GOLD
by AIan_Gold
1
XAUUSDXAUUSD is currently pulling back toward lower levels. The market has formed equal lows, and the price may drop below these equal lows before pushing into higher zones. I believe if the price rejects the support zone around 2625 and the upward trendline, there is a good chance the market will bounce back. This support level has been respected multiple times, as it acted as the top of the consolidation zone before. I expect the price to move lower, potentially testing the equal lows and the previous day's low, followed by a bullish reversal. My goal is resistance zone around 2720
FXOPEN:XAUUSDLong
by FOREXxADVISOR
GOLDGOLD could not hold on fomc ,Federal Reserve announced a quarter-point cut to its key interest rate Wednesday, an effort to keep stable what appears to be a steady but cooling economy. It's the central bank’s third rate cut of 2024. The move reduces the Fed's target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate cuts for 2025. It stated that the unemployment rate remains low, while the rate of inflation "remains somewhat elevated." The Fed's moves are designed to prevent the economy from overheating when growth is strong, or falling into recession when it is slow.
VANTAGE:XAUUSD
by Shavyfxhub
XauUsd- New leg down towards 2610 support?In my Friday analysis, I highlighted that while the 2660-2665 zone is a technical support, it is too obvious and very likely to fall. This prediction came true as the week closed with Gold trading below this level, forming a strongly bearish daily candle. Additionally, a Pin Bar from the 2700+ resistance zone appeared on the weekly chart, reinforcing the bearish outlook. During the Asian session last night, the price tested the ascending trendline, and as of now, Gold is trading at 2656, hinting at a potential rebound following the 800-pip drop from its recent peak. Looking ahead, if a deeper rebound occurs, the 2680 zone will be a key level for bears to monitor. This area presents an ideal shorting opportunity given its favorable risk-to-reward setup. At the moment, I’m out of the market, waiting to sell into signs of weakness, with 2610 support as my target.
OANDA:XAUUSDShort
by Mihai_Iacob
18
USOIL Best Level to Short/Hold 10% swing trade setup🔸Hey guys, today let's review the 2 hour chart for US oil . Any upside is limited by strong overhead resistances, currently trading near range highs so overall risk/reward shifting in bears favor. 🔸Strong resistances will cap upside at 72.00 usd / 72.50 usd. right now locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event. 🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 72.00 and 72.50 SL fixes at 74.00 usd, TP1 bears is 68 usd TP2 bears is 66 usd. swing trade setup, patience required. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:USOILShort
by ProjectSyndicate
5
XAUUSD: Channel Up bottom buy opportunity.XAUUSD is marginally bearish on its 1D technical outlook (RSI = 43.110, MACD = -4.500, ADX = 23.016) as it is trading under the 1D MA50 and is approaching the 1D MA100. That was the trendline that contained the correction on November 14th at the bottom of the 8 month Channel Up and delivered a strong rebound. So far it seems that Gold is replicating the April-June accumulation phase. As long as the 1D MA100 holds again, we will be bullish, aiming for a strong rebound to the 2.0 Fibonacci level (TP = 2,825). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
FOMC sparks gold selloff, UBS sees long-term gains UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, increased investor interest, and a lower interest rate environment. UBS projects central bank purchases of 900 metric tons or more in 2025 as part of ongoing reserve diversification efforts. From a technical perspective, the 100 and 200 weekly Simple Moving Averages (SMAs) continue to trend upward on the weekly chart, suggesting limited long-term bearish potential. However, resistance at $2,665 is currently restricting further upside movement. In the short term, gold prices are experiencing notable declines following the latest FOMC rate decision, which has been interpreted as the Fed becoming more cautious about cutting in the future. Prices are nearing the 100 SMA, and traders will have to watch for a meaningful challenge to this support zone.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold can do a correction before ascending furtherAs you can see, the price is within a bearish pennant pattern, and if this pattern breaks, the price could drop significantly. Additionally, we have a bearish divergence, which strengthens this signal. In the short term, I think gold is forming an ascending wedge, which, once completed, could lead to substantial growth. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSD
by CobraVanguard
Gold Trade Plan 18/12/2024(500 Pips Down)!!!!Dear Traders, Gold price still Range between 2635-2650 . i Mixed Classic Pattern&Price Action in chart, 1-Head&Shoulder Target : 2670 2-(0.38 Fibo Level : 2669) 3- Fibonacci TrendBase Extention : 2672 4- Clean Order block 2672 Area , 5-(wave 3 Minor(almost completed) and we will have some correction to UP) Totally : 2670-2672 is very Safe for Sell to target 2615-2620 ( for tonight) "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
OANDA:XAUUSDShort
by alirezak
4