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Forex-gold

RLinda ! GOLD-> Is distribution over? A rebound after FB?Gold reaches the first important mark of 1858, but the resistance zone, tentatively, stops the distributive movement. There might be a technical pullback phase. Gold makes a false breakdown of the consolidation resistance zone and the level of 1858, at the moment we see the price consolidation in the short zone, thus, the price opens the way down to the 1840, 1820 zone I expect that after a strong rise, gold may weaken a bit. After the end of the consolidation under 1858, I expect the price to fall. The first target is 1840, the second target is 1821. Regards to R. Linda!
OANDA:XAUUSDShort
by RLinda
33
🔴 EURUSD : NEW WEEK TA : 12.12.22 As you can see, after price reached to the Bearish BB on the chart, it faced a bearish reaction and dropped more than 150 pips, now the price is returning to the range of 1.055 to 1.062 , This is a supply zone and I expect more fall from this range! In total, 2 scenarios are specified on the chart that you can enter the SELL position by getting the right trigger! Observe the price reaction to these numbers: 1.0645 to 1.067, 1.0725 to 1.0785! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.12.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Short
by ArmanShabanTrading
14
RLinda ! GOLD-> The bulls are defending the 1765 lvl. Going up?Gold shows us a stronger bullish behavior in the market. The price pullback to 1765, to the 0.5 Fibo level and the consolidation above the level, in the long zone, shows us a bullish mood. The price is in an ascending price channel and yesterday the gold consolidated after the false breakdown of 1765. The consolidation was between 1768-1778, and the subsequent break-down of the resistance tells us about the future direction. There is a potential upside to 1807.96 and then to 1858. I expect a final consolidation above the Fibo level of 0.618 (1778.489) and a subsequent rise in price. Regards, R.Linda!
OANDA:XAUUSDLong
by RLinda
15
RLinda ! GOLD-> A bounce from support lifts the moodGold tested a key support zone (the intersection of the local trend line, which acts as channel support and horizontal support at 1727.85 on the chart), after which the futures showed bullish interest after the minutes of the latest U.S. Federal Reserve meeting indicated a slowdown in the pace of interest rate increases. The minutes from the Fed's Nov. 1 to 2 meeting indicated that Fed policymakers agreed that it would probably be appropriate to slow the pace of interest rate hikes But rising real rates through early 2023 remain a difficult backdrop for non-revenue-generating gold, but increased recession and geopolitical risks in 2023, strong physical demand in emerging markets and record high purchases by central banks trying to diversify their foreign reserves suggest that gold could still outperform real rates. (Char 1. Xauusd daily timeframe. Technically analysis) The daily timeframe shows an expected end to the pullback at the 1729 area. It is based on positive fundamentals. The MACD and RSI are in the green zone relative to their neutral lines. The chart shows upside potential to the 1800 zone I expect that the gold might consolidate in the nearest future, as it is trading in a range between 1765 and 1727. I expect a small pullback from the resistance to the support zone, but if the price breaks through the resistance upwards, a strong enough momentum can be formed Regards to R. Linda!
OANDA:XAUUSD
by RLinda
19