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Auxusd

Will The Surprised NFP Job Reports Drag Gold's Price Down?Positive data came from NFP for the month of March. While Economists forecast a rise by 647,000, instead it jumped 916,000. Not only that, the unemployment rate also dropped to 6%. These report alone should drag gold down while the dollar index suppose to rally up. However, gold ended bullish. Looking ahead, gold temporally has bottom-out at 1675 and likely to make short rally up towards 1800. Gold still have a long way to go above 1800 as price most likely will re-test the low 1700 (or below) N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
OANDA:XAUUSDLong
by BullBearMkt
4
GOLD\XAUUSD (Y21.P2.E1).Macro structure.Correction Over?Hi Traders, GOLD hit its target based on what I saw in Dec 2019 and hence the macro correction, ABC wave. Who says TA doesn't work. Here is the proof. The question now is, or was, is it going to be a medium to deep pullback. If one looks at the chart, you can also argue that we are doing the handle component to the macro formation. Moving foreword, I'm expecting something like a double bounce "W" or sideways ranging price action to give a macro reversal. This purely based on fib level and structure. Looking at the weekly indicators, the majority have their signals crossed over, indicating some upward pressure. However not significant. I have the KDJ where I noted if the 1st orange signal needs to approach 50% to give it chance to change price trend direction. We so for have only the intension to change, where this signals cross over. Similarly with the Phoeix and WT\MACD. Based on these, Fib level, indicators and price structure, I think we are going to see a turn around in the coming weeks\months. all the best, S.SAri
OANDA:XAUUSDLong
by ssari
1
Buy gold bull flag daily charts and buy silverHopefully you will of already bought gold last Friday with the major dip down to weekly support again at 1860. If you haven't there is still time. We are currently trading inside a giant bull flag and I expect prices to move up to test a breakout of the flag over the next few weeks. Stop loss at 1855. Further we had a nice inverse head and shoulders break today on gold on the hourly charts to further hammer in the bottom of this pattern. A great time to buy Pattern has also been replicated on silver hourly chart so it looks as though metals are very much in favour again Buy and hold both
TVC:GOLDLong
by breakoutfakeout
GOLD for the SELLLast day candle is going to close below the Strong Support line at 1860 which is considered a break in support. If you look at the other touches I circled, no candle closed below the line without selling for a bit. Also another reason to support this sell is the head and shoulders formation, we already have a shoulder and a head and if you look closely it’s possible a right shoulder is forming. Also the touches inside the small trend lines makes the resistance even stronger. Everything from my perspective right now leads to a sell. The only situation that could support the buyers is very convenient news leading to USD losing value. Summary: Candle couldn’t break resistance and it’s gonna close below support, while possibly forming the right shoulder for the H&S formation. I’m a buyer and a seller so I’m open minded to both options. But I realize those that are specialized in one type of order are close minded to other possibilities. So if you’re strictly a buyer and gonna comment with negativity save it 😂😂
SAXO:XAUUSDShort
by AlvinMckenzie
Gold buy or sell? Ideas for Mid to Long Term This is a long term investment strategy but off course we are not without a plan for the short-mid term. I think that 1700s will the perfect buying spot as the 18 months moving average would coincide the 0.618 Fibonacci retracement it it plays out in the next 2-3 months. TVC:GOLD moved very quick and unsustainably decoupled from the 18 Monthly moving Average. The rally can continue only by multiple corrections to the 18 MMA . Long talk short, we are taking partial profits here and wait for the above scenario play out. My Long term (years) price target is 3525 USD/ounce as is the price target of the gigantic cup & handle . I am not a professional technical analyst. My analysis are not trade or investment advice. We can never know what the market needs or wants. It does its thing, then we reevaluate.
TVC:GOLD
by turgaycubuk
Is that a real breakout? Finally, I am back! This is about gold. nowadays I am focused on Oil and Gold, so let's go. last week we had a great bullish impulse on Gold. this is a very important level and controversial reversal area as well. I am totally long about Gold, thus the next target potentially can be 1765. let's see if it can close above the yellow zone then it would be bullish. if not, let's say another 50% of retracement, by the way, have you seen the last dogi candle in H4? that might be a reversal candle signal.
FX:XAUUSDLong
by taktip