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Oversold RSI a sign of gold upside to come ?XAU/USD FUNDAMENTAL BACKDROP Gold prices are trading lower for the 8th consecutive trading day as the US dollar remains bid due to some hawkish Fed commentary as well as an upside surprise on yesterday’s US JOLTs job openings statistic. Once again US labor market strength has been reiterated through jobs reports and will surely add pressure from a hawkish perspective. Throughout the week including today (see economic calendar below), markets will be looking to jobs reports beginning with ADP employment change, jobless claims and most importantly Friday’s Non-Farm Payroll (NFP) print. If the JOLTs job openings trend continues, gold prices may breakdown further. 1803 AREA IS A STRONG SUPPORT Buy @ 1803 SL @ 1875 TP @ 1932 TP @ 1950
OANDA:XAUUSDLong
by Thora-Scalper
Gold Next Target: $1790.00? Check idea We have seen that the price has been going down continuously for the last several days, and yesterday gold reached $1820.00, which has pulled back a bit and is running up to $1826.00.   Our resistance is 1830 if it crosses it next.   Our resistance is 1835; we expect gold to bounce back from 1835 and come down; and our target is $1816, $1809, and $1790.00.   Apart from this, we also have news that will be released at 2 PM according to UK time, which can also affect the market, so keep watching the latest news, and our target is 1816, 1809, and 1790. We have resistance at 1830, 1835, and 1845, and also support at 1825, 1816, and 1809. We believe that if the market closes below 1816 and breaks the 1816 support, our next targets are 1809 and 1790.   If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.   Good luck and best wishes to everyone.
OANDA:XAUUSD
by MsProTrading
2
See our analysis of what the next target for gold isHello everyone, We hope you guys are having a great weekend.   We have seen over the past several days that gold has been consistently down since 1947, when it was back, and has been consistently down, never going up.   When the market closed on Friday, gold was running at 1848, while 1846 is a very strong support.   We think that gold will pull back from here and go between 1874 and 1878 because 1879 is a very strong resistance.   Again, gold will come down, and our target is 1830. If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSD
by MsProTrading
7
Again Gold Sell Target? check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857. After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful. Gold will go back between 1875 and 1878, or back between 1885 and 1888, after which our next target is 1855.    If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSDShort
by MsProTrading
3
today Again gold sell? Check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857. After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful. Gold will go back between 1876 and 1879, or back between 1885 and 1888, after which our next target is 1855.    If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSDShort
by MsProTrading