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Gold-futures

RLinda ! GOLD->What to expect from the price in the near future?Gold is showing surprising confidence. The heavyweights are already starting to talk about a strong rally. What's going on in the lower time frame? It's worth paying attention to such a nuance as the absence of a fall after testing the channel resistance. The price is in a strong consolidation between the support (rising dotted line) from December 20, 2022 and resistance 1876. A break of one of the sides of this consolidation will determine the further direction. In our case, it is worth taking into account the trend direction to choose the trading direction. I expect the price movement in the direction of the trend. On the chart there is an important target - resistance 1890, which is a liquidity zone, so I expect breakdown of 1876 and further growth to 1890 as a priority. But if the support is broken, the price can form a technical pullback to 1850-1840. Regards R.Linda!
OANDA:XAUUSD
by RLinda
39
RLinda ! GOLD-> H&S formation stage. What to expect?Gold is down 2.2% from its high. Technically, this is a reaction to a false breakout of strong resistance. What's next? Yesterday I told you, there is a high probability of a technical pullback, the price goes down towards 1824, but it does not reach the zone, so the technical pullback forms and the price draws an interesting "Head & Shoulders" pattern, based on the false-break and the resistance. I think that if this pattern holds, the price can reach both 1824 and 1807 in the nearest future. The situation is tricky, if the price breaks 1843 and rallies above it, there is a chance of rising to 1858 and trying to break the resistance at 1858. But if the right shoulder of the "Head & Shoulders" pattern confirms, if the price consolidates under 1843, there is a chance to go down to 1807 Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
14
🥇 Golds Rise Likely To Speed Up... Even A New ATH Possible!Golds rise is likely to speed up even while the stock market prepares to print a relief rally. We are likely to see Gold (XAUUSD) growing together with the SPX... Wait! Forget about the S&P 500 Index, this is the Gold chart. Here we have quite a few bullish developments to mention/look at but first... Feel free to Boost 🚀 and read the 26-Dec-2022 trade idea below: 💿 The Evolution Of Money | ₿ Bitcoin vs 🥇 Gold | I ❤️ Gold! XAUUSD is trading daily above MA200 and all the EMAs we use, those being EMA10/21/50/100/300. Trading above MA200 and EMA300 is a significant development for the bulls and opens the door for long-term growth. Not that we will necessarily have long-term growth but the doors are open, this is now in the cards based on this simple signal. A very strong RSI supports this current move but the trading volume is low. Two ways to read the low volume... 1) Things are just getting started and the volume is yet to come in. 2) There can be a reversal later on... Let's add a third... 3) Simple continuation and this type of market can work/grow on low volume as well. There is a "W" pattern from October to September 2022 which tends to lead to slow and steady growth. See how this same pattern performed for Monero (XMRBTC) back in 11-April-2022... The pair has been growing since! Well my friends... Gold looks really good. The main support is the range between $1,750 and $1,780. Anything above this level is strongly bullish. If XAUUSD moves below this range, then things can change... Meanwhile, the bulls have control right now of this game. Enjoy your week. Happy new year 2023. Make peace and love not war. Oh wait... Even a new All-Time High is possible! The targets are mapped on the chart. Namaste.
OANDA:XAUUSDLong
by AlanSantana
4
RLinda ! GOLD-> A pullback is expected. Bulls control goldGold forms momentum and strengthens to 1849.9. The bulls continue to dominate the market. What to expect next? As we can see, since the beginning of the new year and the opening of trading, the price reacts violently, and after a long accumulation it forms a bullish momentum and tests the resistance of the ascending range. This zone is quite strong, and I most likely expect a pullback to the previously broken level. I assume price will go down from the resistance zone, but the potential remains bullish. In the near future, I expect a retest of the 1850 resistance level and an attempted retest of 1858, with further upside to the uptrend channel resistance. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
23
RLinda ! GOLD-> Bulls Celebrate CHRISTMAS and Pressure SellersGold shows quite positive dynamics at the end of the calendar year 2022. Since November, the price showed a very intensive stage of recovery and made a rally of 12.6%. On the chart, the trend change is clearly visible. It is worth paying attention to the ascending triangle. The price is in a consolidation phase. This pattern is interpreted as: the pressure of dynamic buyers on the limit resistance zone, which the sellers are trying to hold. Numerous breakout attempts, which turn out to be a false-break, only accelerate the energy buildup for the breakout. In the medium term I expect a continuation of the onslaught on the given 1807-1810 zone, and if the situation does not change, the zone will be broken through. Our targets in the medium term will be the resistance zone 1845-1855. In the long-term prospect - 1920-1935. Merry Christmas! Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
23
RLinda ! GOLD-> Gold opens for growth to 1878Gold has risen about $200 since falling to a more than two-year low in late September as expectations of a slower Fed rate hike eased the dollar's allure. In my last global review, I said we should expect a pullback after the breakout. The price forms a technical pullback to the $1775 zone and the bulls finally consolidate their position. As we can see, gold continues its rise, the price is currently at $1815. After the price fixes above the trend line, which started its formation in mid-2019, the price opens for itself the potential to $1878 and it is worth assuming that by the end of the year the price can shoot up to this mark Gold is holding range as trading is rather sluggish and investors are in a wait-and-see mode. PCE data will be important. If inflation continues to decline, the dollar will weaken further and gold will take on a more resilient tone. Third-quarter U.S. gross domestic product data and weekly jobless claims data will be released at 13:30 GMT. Traders will also analyze Personal Consumption Expenditures (PCE) data due out Friday, looking for information on inflation. The U.S. Federal Reserve gradually lowered the pace of rate hikes to 50 basis points in December after four consecutive 75-basis-point rate hikes. However, Fed Chairman Jerome Powell has signaled that the U.S. central bank will raise rates next year. At this point, gold looks good, and some caution should be exercised with it. All it takes is one or two negative factors for gold to plummet down again If the blockages start again and we see a paralysis in the Chinese economy, demand will fall and that will be a bearish factor for all commodities, including gold. The medium and long term outlook: 1) Gold is currently open to a move to $1878 2) The level of $1878 is difficult to break through and we should expect a pullback or consolidation at this level. 3) $1878 will be the key level to determine the further move. 4) If the bulls seize this area and hold the price above the level, the price will open a potential for the level of $1983 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
24
RLinda ! GOLD-> Triangle pattern and consolidation. Breakout?Gold continues to consolidate energy within the range boundaries between resistance 1807 and support of the price channel. In this case, an upward triangle is formed. Pressure is emerging on resistance 1807 The "Rising Triangle" pattern implies an active gathering of energy by buyers to break the resistance ahead, which in this case is the level of 1807.96. A breakthrough of this boundary will open the potential for the price to grow to the rising resistance (dotted line) and up to the level of 1907 I assume that today the price may form a pullback to the support of the price channel and continue to consolidate in this range. In the medium term I expect a break through 1807.96 and growth to 1840 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
27
RLinda ! GOLD-> Consolidation on the support line. What's next? Gold is in consolidation. After a rather active growth, it is testing the support of the price channel. The price is in the risk zone, what should we expect next? A consolidation without a bounce after a big drop might mean that the price can continue falling, in which case it can quickly reach the support of 1765, but the gold is still trading above the channel support. I assume that at the moment the buyers are trying to hold the support area of the channel and try not to let the price go down, as that would provoke selling. There are two possible scenarios. 1) If the bulls manage to keep the support of the channel, the price may reach resistance 1807 in the nearest future 2) If the support is broken through, we should expect the retest and the price consolidation under the level, and the price will go to 1765, and then to 1744. Regards, R. Linda!
OANDA:XAUUSDLong
by RLinda
14
RLinda ! GOLD-> Price is testing support. What's next? Gold is falling toward channel support after the release of the Federal Reserve data. The price is momentarily falling by 2%. The strong distributive movement is towards range support and the support zone of the price channel. I think there is a high probability of a bounce from strong support with this drop. The price may make a false break of the channel support and test the level of 1765, but the global trend is still bullish I expect a test of the support zone and consolidation above the level with the subsequent strengthening of gold towards 1807. The nearest short-term target is 1790. Regards to R. Linda!
OANDA:XAUUSDLong
by RLinda
23
RLinda ! GOLD-> Price in consolidation Gold is entering a consolidation phase after a fairly strong and active recovery. The level of 1807 is a strong obstacle, so it needs to accumulate energy to overcome this area. In the previous idea, I pointed out the possibility of forming a pullback from 1807, which is what we got. Price is testing 1784 and giving us a reaction. Trading inside the range is difficult, so I recommend targeting the upper or lower boundary. I think price may stay in this 1807-1765 range for a while longer, but in the medium term I expect a breakout of resistance. To buy, consider consolidation support at 1765, or a break of 1807 resistance. Regards, R.Linda!
OANDA:XAUUSD
by RLinda
21
RLinda ! GOLD-> consolidation after the fall. What's next? Gold updated to a high of 1810 and then the price went into a retracement phase, which fell to the key level of 1765 and reached the 0.5 Fibonacci level, what to expect from that? We have an upward price channel and a strong uptrend on the back of loosening tight fundamentals. The price stops its correction at the 0.5 Fibonacci level and moves into consolidation between the 1768 and 1778 level. This can be interpreted multifacetedly, as a set of energy to buy and a consolidation to continue falling. An important nuance will be a price exit from the consolidation. A break-up of the resistance 1778 and its fixation above this level will send the price up to 1807. However, a breakdown of 1768, 1765 and a breakdown of the price channel support will open a potential for the price fall to 1729.5. Regards to R. Linda!
OANDA:XAUUSD
by RLinda
28
gold daily : fibo50 : 1840 is in mind of pro traders we have 2 important fibo in left , personaly i belive gold will reach fibo61 1900 break last candel,friday high is powerful buy signal ,so if you dont have buy ,you can put low size buystop on last high 1761 AC indicator give buy signal,if last low not break we will see +up trend in coming days big banks net open buy increase in last 2 week so 90% looking for buy and when gold go up ,dont pick reverse sell it can go upper without pullback and dont allow you exit from sell , never forget gold love buy and go up wild good luck
FX:XAUUSD
by ramin_trader2006
1
RLinda ! GOLD-> Overview of the local situationGOLD in a technical pullback format after breaking the descending channel and reaching resistance 1728.5 falls to the support of the local range 1660. Gold trades in a range between 1688.9 and 1660.4 and I suspect that the price may move in a consolidation for some time. What do you want to see next? 1) Long scenario: The gold is in the risk zone, because the price channel was broken earlier, but there was no confirmation of the trend change, but there might be a potential to break the resistance at 1688. In that case our target will be the liquidity zone of 1728.3 2) Short scenario: we have a strong bearish trend on the global chart, the price updates the global lows and the movement after testing resistance 1728 coincides with the direction of the pullback. The price can go down from consolidation under sellers' pressure. In that case, the support area of 1628 will be the target. Regards R.Linda!
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OANDA:XAUUSDLong
by RLinda
46
RLinda ! GOLD-> Overview of the global situation!GOLD - Overview of the global situation. On the chart I saw the global uptrend and the price movement in the channel, which began fresh formation since 2015. Pay attention to the price reaction to the support of the channel - it is very strong and forms strong movements in one direction or another. Also, I marked the range 2075-1677, two identical impulses from resistance marked the global range, the price continues to trade in this direction. A pullback to support is forming. And this zone is quite strong, if you consider how the price previously registered on the upward support line (channel support) The important level on the chart is 1677, which is a huge liquidity zone, and I think that in the mid-term we will see the price reach that area. And after the retest, perhaps, it will start its recovery. Sincerely R.Linda!
OANDA:XAUUSDLong
by RLinda
17
Should You Buy Gold? Yes! But Not Yet! Check It OutHello there! I want to be detailed on Gold in this analysis. I just decide to post an idea about it because I discovered something in the H4 timeframe that looks different from the other timeframes like the H1, 1D, 1W, and even the 1M, which can make some traders make the wrong decision going against the next market move. But first, I want to show you something in the monthly timeframe chart, then I will post the H4 chart to see what could happen when the Gold market opens. Look at the monthly analysis well so that you can understand what is going on now and what could happen next in the Gold market currently. Monthly Timeframe In the monthly chart, you can see that the Gold market has rejected the strong support level by forming a small bullish pin bar at the key support area. Warning: you must be careful here if you are deciding to sell Gold. The pin bar is not a classic kind though, it can have a bullish effect on the Gold price movement in the coming week. As a result, be very careful. Why? It's because ofe the context where the pin bar candlestick has appeared matters! Daily Timeframe In the daily timeframe, an engulfing candle, but not so strong, has formed at the key support level area, signaling the reversal to the upside. So, the Monday candle could close with a "wick below". H4 Timeframe In the H4 timeframe, there is a tendency for the price to experience a short-term bearishness, to reverse to the support level, creating a "W" or "double bottom" pattern before completely taking a rally to the upside. This means we can make sell trade decisions here and exit close to the support, not exactly at the support level though. Why the bearishness? The inside bars have formed at the key resistance level, showing a loss of momentum in the bulls of Finally, the timeframe to pay much attention to is H4 for now because a bearish pin bar has formed in it. Take note of this and the stochastic seems to be going bearish, moving away from the overbought zone
TVC:GOLDLong
by OraclePips