XAUUSD Trade Log - Monthly Swing Trade

2024年12月5日

XAUUSD Swing Long Trade

This is a high-confidence swing trade setup with multiple confluences across monthly and daily timeframes.

Trade Details:

- Risk: 5% of capital

- Risk-Reward Ratio (RRR): 1:4

- Entry: Anywhere within the monthly Fair Value Gap (FVG), which has a 90-point range. You may DCA (Dollar Cost Average) into your position for better flexibility, though this is discretionary.

- Confluence: Signals align from the monthly down to the daily charts, indicating strong bullish momentum.

Macro Factors Supporting Gold Longs:

- Safe-Haven Demand: Global geopolitical tensions, including conflicts in the Middle East and Eastern Europe, have driven investors toward gold as a risk-averse asset.

- Rising Recession Risks: With several central banks maintaining high interest rates for prolonged periods, economic slowdown fears are rising, further boosting gold demand.

- Central Bank Purchases: Central banks worldwide, especially in emerging markets, continue to accumulate gold reserves to reduce reliance on the US dollar.

- Inflation Hedging: Persistent inflation concerns make gold an attractive hedge, particularly as real yields show signs of plateauing.

- Weakened Dollar Outlook: A potential pivot in US Federal Reserve policy could weaken the dollar, which would likely support gold prices in the medium to long term.

This swing trade offers a strong opportunity to capitalize on the current macroeconomic and technical landscape favoring gold's upward momentum. Stay aware of any unexpected fundamental developments that could influence the market.

2024年12月6日

交易進行

For now this pocket is preventing us a good entry. The Gold market is very efficient!

2024年12月10日

註釋

Still no entry!