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XAUUSD trade ideas

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.
CAPITALCOM:GOLDShort
by SteadyFund
3
Friends who hold short positions in gold, what should we do now?Bros, gold once rose to around 2676, but fortunately it has started to fall back now. To be honest, today's gold trading is in trouble. I originally wanted to short gold around 2660 now, and then go long gold around 2645 after gold fell back. However, gold only touched 2653 several times during the decline and then rebounded again. So I have held my short position until now, and then added the same position around 2675 to continue shorting gold. Once put me in a passive position in today's gold trading. The better thing now is that gold has started to fall back to around 2668. Although I still have floating losses, it is much better than just now! Come on, brothers! We still have hope for turning losses into profits, so wish us good luck! Bros, do you think my gold short position still has a chance to turn losses into profits?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
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? --- 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. --- 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. --- 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. --- 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. --- 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.
OANDA:XAUUSDLong
by InvestMate
1
Xauusd target 2743 Here's a summary of your updated XAU/USD trade plan: Trade Plan - _Entry Point_: 2715 - _Target_: 2743 - _Stop-Loss_: 2703 Market Analysis The XAU/USD is experiencing a strong bullish trend, driven by a weakening US dollar, increasing inflation concerns, and geopolitical tensions. Technical Analysis - _RSI Indicator_: The Relative Strength Index (RSI) is above 60, indicating a strong bullish momentum. - _Moving Averages_: The 50-day and 100-day moving averages are trending upwards, supporting the bullish view. - _Support Levels_: The support levels at 2703 and 2695 could provide a buying opportunity in case of a pullback. Risk Management - _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:4, which is relatively aggressive. - _Position Sizing_: Make sure to adjust your position size according to your risk tolerance and account size. Stay disciplined and stick to your trade plan. Good luck!
OANDA:XAUUSDLong
by Geroge_Fx
2024.12.11CPI Data Analysis and Opportunity AnalysisHello traders, In the trading process, a tense market often presents a significant challenge. Such market conditions not only test our trading strategies but also continuously challenge our patience and psychological resilience. **The Importance of Trial and Error Costs** Everyone must understand that trial and error is an inevitable part of the investment process. Whether you are a novice or an experienced trader, you will go through cycles of success and failure in the market. **The Key Role of Position Management** In a tense market situation, position management becomes one of the important tools for controlling risk and optimizing returns. Proper position management can help us reduce losses during trial and error and ensure that we have sufficient funds to participate when the market rebounds. We can flexibly increase or decrease our positions based on market volatility, thereby maintaining relatively stable returns in an uncertain market. Looking at the gold trend from late November to early December over 14 days, this is a standard tense market scenario. According to trading strategies and technical charts, there are times when bullish signals appear and times when bearish signals show up. Despite filtering signals, such as waiting for a reversal signal on the 4-hour chart before looking for entry signals on the 1-hour chart, stop-loss occurrences still exist during these 14 days of trading. Existence is rational! Just remember, there is no trading strategy that guarantees a 100% win rate. No matter what techniques or quantitative systems are used, reaching such a level is impossible. Once you understand this, you will allow stop-losses to occur during the trading process. Accepting their occurrence is essential to deeply grasp the essence of trading. **Gold** On Monday, we noted: **Currently, the 1-hour and 4-hour charts show gold resonance above the EMA, and given that Monday's market is relatively straightforward with fewer data interference factors, there is a chance for a breakout in a sideways market. It is recommended to look for 1-hour entry signals during the European and American sessions.** Bullish targets remain: - TP1: 2682 - TP2: 2703 - TP3: 2725 The first target of 2682 has been reached, and the second target of 2703 was reached during Wednesday's Asian session. It is recommended to reduce positions and continue holding gold longs. Tonight, during the U.S. session, pay attention to the release of U.S. CPI data at 9:30 PM Beijing time. Before this, it is not advisable to open new positions ahead of the CPI data announcement. It is recommended to patiently wait for a stable ABC consolidation pattern to form above the EMA on the 4-hour chart before looking for new entry opportunities on the 1-hour chart. What we focus on is not the CPI data itself, but the market's perception of the CPI data and the subsequent directional trends for decision-making. GOOD LUCK! LESS IS MORE!
OANDA:XAUUSDLong
by FUNTRADER-Vera
2
XAUUSD🌟 XAUUSD Analysis – Bullish Momentum in Full Swing! 🌟 Gold is shining bright, maintaining its strength within a well-defined upward channel. The market continues to respect key support zones, fueling confidence in a bullish continuation. 🔑 Key Levels to Watch: 📌 Entry Zone: 2710 (Break-even secured at 2715 for risk-free trading) 📌 Stop Loss: 2695 (strategically placed below channel support to protect capital) 📌Take Profit: 2735 (with potential for further gains as momentum accelerates!) 💡 Analysis Insight: Gold remains under strong buying pressure, with bullish sentiment dominating the trend. As long as the price stays above 2695, the market is primed to test and potentially break the 2735 resistance zone. Stay vigilant and ride the trend with confidence. ⚠️Trade Smart: Always prioritize risk management to safeguard your positions. Let’s make this a winning trade! 💸🚀
CAPITALCOM:GOLD
by FOREXQUEEEN_1