XAUUSD Trade Log - Monthly Swing Trade

Dec 5

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.

Dec 6

Trade active

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

Dec 10

Note

Still no entry!