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Goldforecast

Gold price gathers the positive momentum – AnalysisGold price continues to rise, organized inside new bullish channel that appears on the chart, noticing that stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the bullish wave that its next target located at 1900.00. Therefore, our bullish overview will remain valid and active unless breaking 1820.50 and holding below it. The expected trading range for today is between 1840.00 support and 1875.00 resistance. The expected trend for today: Bullish
CAPITALCOM:GOLDLong
by eltonmorningstar
1
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored. But the last day all those ECONOMIC INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway we expect that GOLD will go UP to 1890 LEVEL. Before that, GOLD may go down to the 1830 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
GOLD is set for another rise!GOLD has formed very strong bullish price action on the lower time as well as on the higher timeframe. After back to daily bullish engulfer, price has broken out of the local channel with a gap opening on the 4h timeframe. As long term trend is bullish, highly likely GOLD will continue to rise to complete 61.8% fib level at 1893.00, Upon closing of this current candle as bullish engulfer, we may open a buy position to take this move to the upside. Press like button if you enjoy this content :)
TVC:GOLDLong
by ForexWizard01
1
GOLD January 2023 Volatility Analysis GOLD January 2023 Volatility Analysis Currently the volatility for GOLD is at 4.46%, down from 4.48% last month. From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement: Bullish : 4.782% Bearish : 2.385% With this in mind we have currently 73.2% that the market is going to stay within the next channel TOP Limit: 1905 BOT Limit: 1741 If we are going to take a look into the previous monthly high and low points, currently there is a : 71.08% to hit the previous monthly high 26.93% to hit the previous monthly low Lastly from the technical analysis point of view, currently Weekly Timeframe : 80% of rating moving averages is indicating BULLISH Monthly Timeframe : 92.73% of rating moving averages is indicating BULLISH
TVC:GOLD
by exlux
Gold Detail Analysis | XAUUSD ForecastHI people ! Currently we are in 5th wave of Elliot wave (A,B,C,D,E) gold Cycle and we soon should see correction So here are quite Possible scenarios BULLISH SCENARIOS :- 1- The price can pull back to 1778-1782 Area and move the next leg up Targets ( 1835 1856 1920 1972 2070) . 2- The price can break 1810 and Target the levels ( 1835 1856 1920 1972 2070) . 3- The price can move Deep pull back to 1748-1752 Area and target same area ( 1835 1856 1920 1972 2070) . BEARISH SCENARIOS :- 1-There is a "M" formation on 4H,Daily ( M formation is a complex type of Double top ). 2- ON - 2 Day TF we have Bearish divergence ( Divg is in stoch RSI ) . 3- ON - 1 Day TF we have Bearish divergence ( Divg is in volume and and MACD indicator). 4- The wave C can give a pull back which i think is likely. 5-We also are on top of weekly BB & at Weekly supply level . 6-We have a "SMALL" rising wedge with in a "LARGE" RISING" wedge which usually breakout " ABOUT RISING WEDGE" 1-Breakout :- 60% of time it correct downwards. 2-confirmation :- when price break trend line and retest with good volume . FUNDAMENTAL & MACRO VIEW :- 1- ) Ok so all know China & Russia is biggest producer of Gold , Recently G7 put limit on Russia to sell OIL only at 60$ per barrel we also know OPEC is currently looking to cut off supply on OIL (This will increase the inflation also ,As greater oil prices = Higher inflation ) ,So more inflation =More interest Rates hence more pressure on Markets. 2-) secondly, We know US control most of world because of "USD" So Russia looking to sell OIL against GOLD rather than USD , with the backing of China At last in Recent Growth of 20% rally of "DXY" we only see 7.5% Decline in GOLD ( Where as stocks crypto and other Assets decline alot ) This shows relative strength CONCLUSION :- In my opinion we may see little pull back soon but over all i am bullish that we will Even break ATH soon in 2023 because simply Who control more Gold control World ( This refer to change in world order) From "US" TO " China + Russia" . "More demand =High Prices"
EIGHTCAP:XAUUSD
by DECRYPTERS
Long Term analysis of XAUUSD, Seems to have last cycle left Long term movement of XAUUSD as its last wave cycle of seems to be start soon and we can face prices around 6K to 7K for over 10 years later!!! Not so great move but still about 5 times growth investment is not so bad, but more important thing than investing money in GOLD for about 10 years and counting its beneficial statement, It is about how economical parameters need to change over a decade in future!!! Seems its time to fasten our seat belts!!!
OANDA:XAUUSDLong
by AtareumFX
4
GOLD (XAUUSD): Detailed Structure Analysis 🥇 Here is my latest structure analysis on Gold. Weekly Structures: Resistance 1: 1802 - 1811 area Resistance 2: 1871 - 1881 area Support 1: 1693 - 1728 area Support 2: 1615 - 1645 area Daily Structures: Support 1: 1756 - 1768 area Support 2: 1739 - 1741 area Support 3: 1664 - 1675 area Consider these structure for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
9