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Golddollar

Gold Trend 02/11Gold rebounded from last Fri. low yesterday. The market opened near 1783 early in the Asian session. The price had been bounded by the 1780-88 range throughout the Asian and European sessions. It broke out from 1788(1) at the US session opening. Day-high reached 1795, with the day ended 1793 up by USD 9. The technical pull-back from escaping channel(2) has been completed after the price touched once again trendline(2). The price is still trading within the downtrend channel(3) in the 1-hour chart. An S-T trend line(4) has been formed in the last 24 hours. Selling will resume if the price breakout from trendline(4) and the 1788 support line. As mentioned yesterday, the horizontal range 1780-1810(6) is still dominating on the daily chart after the price break out from the uptrend channel. The 20 days MA(5) will provide support within today and 1796-1800 will be the resistance on the upside. S-T Resistances: 1805 1800 1795-96 Market price: 1791 S-T Supports: 1788 1780 1775 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment, let us know what you think! P. To
TVC:GOLD
by 1uptick
Is Gold going to repeat the past formation? 😱A potential trade is on the way, will gold repeat the past formation? As you can see last time, the gold traded along the trend line, then it found some resistance at 1900, traded it but it did not have enough strength to close higher and it broke the trend line and went down. Now we are moving along the trend line, the gold has found resistance at 1825 and it is about to break the trend line. What do you think about gold? Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:GOLD
by Yuriy_Bishko
21
Price Action On Gold/USDToday we had a bullish close on Gold, however,... based on the weekly chart momentum is slightly bearish. We're anticipating a strong move in either direction. So here's how we anticipate whether to go long or short. 📈Long: Price moves down to 1776.xx (marked on the chart) in the first few hours of the trading session. (setting a low of the day) 📉Short: Price moves up to our entry in the first few hours of the trading session. (setting a high of the day) ...and that's it! Happy Trading folks! Cheers!
OANDA:XAUUSDShort
by Kav1ka
1
Gold Spot / U.S. Dollar long term Risk-off sentiment making a comeback? StoneX cites 'early indications' of gold price turnaround Risk-off sentiment might be making a comeback in the second quarter, with "early indications" of a price turnaround for gold, according to StoneX. "After gold's performance in the first quarter of this year, when it posted its first quarterly decline since the September quarter of 2018, the price looks as if it is basing out," said Rhona O'Connell, head of market analysis for EMEA and Asia regions at StoneX. For most of the first quarter, gold fell along with the U.S. 10-year Treasury bonds due to the market's perceived inflationary risk. However, this trend seems to be changing in the second quarter, which means potential price reversal for the precious metal. "It would seem now that attitudes are changing slightly, with the ten-year bond rate easing, which is helping gold to stabilize," wrote O'Connell. "Whether this is a technical correction or a growing belief that the U.S. bond market has taken too much of a beating because there is still a long way to go, remains to be seen." The Federal Reserve keeps reiterating that it is not planning on raising rates any time soon, and markets might be starting to believe that promise, which could trigger a more risk-off environment, O'Connell pointed out. "In the background, the physical market in Asia has been picking up smartly, notably in China, with the local prices now at a premium of roughly $9/ounce over loco London," she said on Monday. "Elsewhere, the Perth Mint reports very strong sales of gold and silver coins in the first quarter, especially in Germany and the United States; gold demand thrived, and the Mint could not keep pace with silver coin demand. In March, the Mint sold over 130,000 ounces of gold and almost 1.6M troy ounces of silver in minted product form." Another price-positive trigger is that the central banks have once again started to buy gold. For example, Hungary's central bank raised its gold reserves to 94.5 metric tons from 31.5 tons, citing "long-term national and economic policy strategy objectives." From a technical perspective, gold's support remains around the 10-day and the 20-day moving averages at $1,730 and $1,732 an ounce. Resistance is still at the 50-day moving average of $1,757 an ounce. O'Connell said if gold can move past that resistance line, prices could be looking at the $1,820 an ounce target. "There are early indications that the price may be starting to turn around." Last week, gold failed to clear the $1,750 an ounce level, which could undermine sentiment, she noted. This week, markets are closely eyeing the Treasury auctions in the U.S., latest inflation figures, and Federal Reserve Chair Jerome Powell's comments at the Economic Club of Washington on Wednesday. Monday saw the sale of $58 billion of three-year notes and $38 billion of 10-year bonds. Tuesday will see the sale of 30-year debt.
FOREXCOM:XAUUSDShort
by BADQOMOCAWGOWLD
2
is GOLD coming ??As can be seen in the graph, Gold seems to form an upside-down Shoulder-Head-Shoulders formation over a very wide time interval. In such a case, if the $ 1670 levels, which it has been recently supported, will form the Right Shoulder, we can see the first target of $ 2180 and then the target will be $ 3000 because of the formation target. However, as a counter to the above scenario, prices must first break the downward trend, if not, we can see a retracement to one of the strongest horizontal resistances of $ 1400 . It contains only personal views and opinions. Does not contain legal investment advice ...
GLong
by EmoteK