#xauusd #elliottwave long buy setup wave c / 5 / 1 / z / y 14DecThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
GOLD trade ideas
GoldXAUUSD ( Gold / U.S Dollar )
Completed " 1234 " Impulsive Waves
Break of Structure
Fibonacci Level - 38.20%
Bullish Channel as an Corrective Pattern in Short Time Frame
Order Block
GOLD BUYHi Traders
What are you thinking About GOLD.
This Price seems in Buy Side To Top.
Resistance Zone 2700
Support Zone 2663/58
Price will Test Support After Again Rise.
Lets Like and Share Your Minds In Comments .
XAUUSDXAU/USD, which represents the price of gold against the US dollar, is a widely traded asset in the financial markets. It is often influenced by factors such as interest rates, geopolitical tensions, and economic data. Traders consider it a safe-haven asset, particularly during periods of uncertainty, making it a key indicator of market sentiment.
GoldStill looking to go bearish on gold.If price fails to break previous day high , then I am looking to sell.
If price breaks above previous day high , then cones back , I am looking to sell.
Gold on killing streakMarket completed its inverse M pattern and gives the retest of its bottle neck which we grab the opportunity of 300 pips yesterday.
What scanarios we have now?
As i entered on bearish volume trade from 2668 area with very strict stoploss of 2671.
My optimal traget will be 2652 area for today.
Gold trading opportunitiesFocus on trading around the red area. If it falls to the green area, there is a high probability of a rebound, which can be used as a key buying opportunity.
XAUUSDLooking at this chart shows a double-top pattern and implies that we will probably experience an ignoring price below $2600.
Gold (XAU-USD) Buy PlanMarket Context: Gold has reacted from the Monthly IRL with a bullish momentum on the Daily Time Frame, creating a Fair Value Gap (FVG).
Target: Monthly ERL.
Entry Strategy:
Targeting Volume Imbalance and Fair Value Gap levels for entry.
Following a Change in State of Delivery.
Exit: ERL will be the final target.
Gold Analysis - December 2024Gold maintains its bullish momentum, trading above $2,660 per ounce due to optimism surrounding new economic stimulus from China and a weakening US Dollar, which enhance the appeal of the precious metal. During American trading hours, spot gold reached an intraday high of $2,667.31, reflecting sustained demand after the People’s Bank of China (PBoC) resumed gold purchases following a six-month hiatus. This aligns with a macroeconomic context that favors safe-haven assets. News of Chinese stimulus has improved sentiment for gold, with China, being a significant consumer and investor, showing clear support for prices through central bank purchases. Meanwhile, the US Dollar is weakening ahead of key central bank announcements and economic data releases, making gold more attractive to investors holding other currencies. Attention is focused on the US Consumer Price Index (CPI) data due on Wednesday, which could influence expectations for the Federal Reserve's monetary policy. A higher-than-expected CPI could pressure gold, while weaker data may further support its bullish trend. Decisions from various central banks, including the Federal Reserve, ECB, and BoE, may shape market sentiment, with dovish signals potentially further boosting gold. Wall Street opened lower, with major indices in the red, while government bond yields ticked slightly higher, creating a mixed environment that supports safe-haven flows into gold.
XAUUSD - gold will be welcomed by the Federal Reserve!Gold is located between EMA200 and EMA50 in the 1H time frame and is trading in its descending channel. If we maintain the drawn channel, we can witness the continuation of gold's decline and limited visibility of the bottom of the channel. Within the demand zone, we can buy with a suitable risk reward. If it returns to the ceiling of the channel, it is possible to sell within the supply zone.
1. UBS Gold Forecast:
UBS has projected that gold prices will reach $2,900. This prediction is based on factors such as the rising U.S. debt, strong demand from central banks, and declining interest rates. The institution also anticipates that U.S. inflation will decrease to 3% by the end of 2024, 2.6% by the end of 2025, and 2.5% throughout 2027. These figures are significantly higher than the Federal Reserve’s 2% target, suggesting that persistent inflation may pose a significant obstacle to the Fed’s efforts to control it.
2. U.S. CPI Report:
The U.S. Consumer Price Index (CPI) report for November highlighted the persistence of inflationary pressures. However, the details of the report appeared somewhat reassuring. CIBC Bank predicts that the Federal Reserve will reduce interest rates by 0.25% in its December meeting, though subsequent rate cuts may be delayed due to the economy’s continued growth.
3. Ray Dalio on Gold:
Ray Dalio, the founder of Bridgewater Associates, referred to Bitcoin as a hard asset and stated that he prefers Bitcoin and gold over debt-based assets. He expressed concerns about a potential global debt crisis and emphasized the importance of shifting investments toward hard assets.
Dalio pointed to unprecedented levels of debt in major countries such as the U.S. and China, deeming these debt levels unsustainable.Speaking at a financial conference in Abu Dhabi, he remarked, “It is impossible for these countries to avoid a debt crisis in the coming years, which will likely lead to a significant depreciation of their currencies.”
4. Dalio’s Evolving Stance on Bitcoin:
Previously, Dalio believed that cryptocurrencies like Bitcoin would not achieve the success many had hoped for. However, in recent years, he has become a prominent advocate of Bitcoin. In 2022, Dalio suggested allocating up to 2% of an investment portfolio to Bitcoin and gold as a reasonable strategy to combat inflation. He also reiterated his preference for gold over Bitcoin while emphasizing the importance of portfolio diversification.
5. Peter Schiff’s Warning on Bitcoin:
Peter Schiff, a prominent gold advocate, has warned that creating a strategic Bitcoin reserve in the U.S. could have negative consequences. On December 9, Schiff posted on the social media platform X, suggesting that the Biden administration should sell all Bitcoin currently held by the U.S. government before leaving office. He stated, “This move would not only help reduce the 2024 budget deficit but also put an end to all the nonsense about establishing a ‘strategic reserve’ of Bitcoin, which is detrimental.”
We are bearish and sell below the resistance of 2710Gold fell sharply on the daily line, breaking the bullish structure that had been rising strongly from 2613 to 2726 in this round. The daily line retracement tested the MA5 daily moving average. The upper track of the Bollinger Band suppressed the 2713 line, the middle track was at the 2654 line, and the RSI indicator was running above the central axis. The short-term chart fell below 2700 in four hours, and a structure of accelerated decline appeared. The RS1 indicator returned to the central axis. The intraday trading ideas for gold are short-term bullish and long-term bearish!
Gold fell from a high level in the US market and is now under pressure at 2713. Gold can be sold directly near 2710. The 1-hour moving average of gold has begun to turn at a high level. After the downward divergence, the downward space of gold will be further opened, and it will continue to be sold under the pressure of 2710!
First support: 2675, second support: 2670, third support: 2660
First resistance: 2692, second resistance: 2700, third resistance: 2713
Trading strategy:
BUY: 2680-2678
SELL: 2710-2712
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
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A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
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Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
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Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
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Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
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Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
GOLD PRICE TREND ANALYSIS FOR TODAY, DECEMBER 13, 2024SPDR Gold Trust sold 24.88 tons of gold on December 12, which is the reason for the sharp decline in gold prices last night, suddenly dropping back into the previously broken downtrend structure around the 2675-2676 region.
Key Resistance Levels: 2700 - 2710 - 2732
Key Support Levels: 2666 - 2675
XAUUSD OANDA:XAUUSD Trading Strategy Around Price Zones:
SELL XAUUSD around the 2700-2701 region
Stoploss: 2706
Take Profit 1: 2695
Take Profit 2: 2690
Take Profit 3: 2675
“If there is a breakout above the 2728 level during the day, we look to sell around the 2749-2750 region in a long-term channel.”
BUY XAUUSD around the 2675 region
Stoploss: 2670
Take Profit 1: 2680
Take Profit 2: 2685
Take Profit 3: 2690
Note: Always set a stop loss in all cases to stay safe!
@Henrybillion wishes you a successful trading day.
Gold Accumulation phase THE STORY OF THE DOJI:
A large institutional player attempted to orchestrate a stop hunt, creating a false sense of market direction to trigger stops and ignite a sell-off. However, the subsequent price action revealed their hand.
The Doji candle at the support level indicated a loss of conviction among sellers, while the slow distribution and step-like pattern suggested a more deliberate and calculated market behavior.
The bullish candle that formed at the support level, particularly after the attempted stop hunt, implies that the market is rejecting the lower prices and that buyers are absorbing the selling pressure.
This price action suggests that the institutional player's attempt to short the market may have been unsuccessful, and that the market may be poised for a reversal or a continuation of the uptrend.
All based on my observational bias
XAUUSD LONGFRIENDS..
after days of consolidation xauusd finally break above..
we will try to go long till resist at around 2700
always dyor before opening position..
goodluck guys
SHORT TERM PREDICTIONKey Factors Influencing XAU/USD:
U.S. Inflation Data:
The latest Consumer Price Index (CPI) report indicates a 0.3% monthly increase and a 3.3% annual rise, aligning with market expectations. This suggests a moderate inflation environment, potentially leading to a more dovish stance from the Federal Reserve.
Federal Reserve Policy Outlook:
Market participants anticipate an 86% probability of a 25-basis-point rate cut in the upcoming Federal Reserve meeting. A rate cut could weaken the U.S. dollar, making gold more attractive to investors.
Technical Indicators:
Gold prices are currently testing key resistance levels around $2,695 to $2,700 per ounce. A sustained break above this range could signal further upside potential. Conversely, failure to surpass these levels may result in a pullback toward support around $2,683.
Short-Term Prediction:
Given the current economic indicators and technical factors, XAU/USD is likely to trade within the $2,683 to $2,700 range today. A dovish signal from the Federal Reserve could propel prices above $2,700, while any hawkish surprises may lead to a decline toward the lower end of the range.
Overlap resistance ahead?XAU/USD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 2,714.61
Why we like it:
There is a pullback support level.
Stop loss: 2,758.14
Why we like it:
there is a pullback resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 2,667.31
Why we like it:
There is a pullback support level.
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Gold Intraday Trading Plan 12/13/2024As mentioned yesterday, gold was facing 2720 strong resistance. Indeed, 4hrly double top was formed and it dropped hard.
Price is now trading at 2680. I don't see a sign of reversal or correction. And also in my weekly review, I do believe gold is now bearish in medium term.
I am expecting in Asian session, it drops to 2660 and accumulate there. Then further drop to 2620 in Europe or US session.
I am expecting the week to close in red.
Let's see the PA for confirmation.
