Tracing rhymes with:
retracing, bracing, embracing, erasing, gracing, racing, retracing, basing, bracing, casing, chasing, debasing, defacing, displacing, effacing, embracing, erasing, facing, gracing, misplacing, pacing, pasing, placing, racing, replacing, retracing, spacing
Tracing sounds like:
tarzan's, terrorizing, terseness, theorizing, thoroughness, thrashing, torching, tracking, tragicomic, trajan's, trashing, tregoning, trekking, tricking, trojanowski, trojans, trucking, trzcinski