TRADING STRATEGY FOR DECEMBER 18 XAUUSD

Gold prices fell on December 17 due to:

Stronger USD (+0.1%), making gold more expensive for holders of other currencies.
Higher 10-year bond yields, increasing the opportunity cost of holding gold.

Key Takeaways from the Fed:
A 0.25% rate cut is expected on December 18, but the likelihood of further cuts in January 2025 remains low (only 18%).

US Economic Impact:
November retail sales exceeded expectations, fueling inflation concerns. This suggests the Fed may pause further rate cuts in January 2025.

Gold is strongly supported by important economic data this week. From a technical perspective, after recent sharp declines, gold has shown signs of reversal from the 2633.xx resistance area, rebounding toward 2650.xx.

Today's Main Trend: Focus on long-term buy opportunities at strong sell points. Use sell scalping strategies and observe reactions to trade more effectively.

INTRADAY TRADING STRATEGY

SELL SCALP:
Entry: 2661 - 2663
Stop Loss (SL): 2666
Take Profit (TP): 2655

BUY SCALP:
Entry: 2634 - 2632
SL: 2629
TP: 2640

BUY ZONE:
Entry: 2618 - 2620
SL: 2615
TP: ???

SELL ZONE:
Entry: 2672 - 2674
SL : 2677
TP: 2664
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