Get started

Goldideas

XAUUSD:what will be the final direction? Compared with his testimony in the Senate on Tuesday, Powell's speech in the House on Wednesday was milder, causing the US dollar to undergo a short-term correction and giving the gold price an opportunity to stabilize near 1800. In his testimony on Tuesday, Powell's remark that "the Fed is prepared to accelerate the pace of interest rate hikes, and terminal rates may be higher than previously expected," stimulated expectations of rate hikes to reach new highs, with the expected terminal rate exceeding 5.7%. As a result, the US dollar index soared, and the gold price plummeted more than 30 dollars per ounce that day. However, in last night's testimony in the House, Powell's speech was slightly milder. He emphasized that no decision has been made regarding the pace of rate hikes and reiterated that the Fed will be data-dependent. This cooled the prospect of rate hikes slightly, causing the US dollar index to pause its uptrend and gold prices to stop falling and rebound slightly, rising 0.35% intraday as of now. However, it should be noted that although the market has cooled down on the prospect of Fed rate hikes in the past 24 hours, the cooling is not significant. According to the CME FedWatch tool, the market currently expects a 50 basis point rate hike at the March meeting with a probability of 76.4%, slightly lower than 78.6% one day ago. At the same time, the market's expectation for the Fed's terminal rate remains above 5.7%, with almost no signs of cooling compared to one day ago. In the case of high expectations for rate hikes, the short-term decline in the US dollar index may not last long, which means that although the gold price may rebound and correct slightly, it is unlikely to evolve into an upward trend. Technically, attention should be paid to the support role of the 105-105.30 area for the US dollar index. If this area holds firm and resumes an uptrend, it will bring the risk of gold price breaking below 1800. In the short term, gold remains in a volatile range, with a resistance level of 1825-1830. If the price reaches this level, consider entering a short position with a small position. The downside target is 1810-1800. If the price breaks below 1800, the downside will be further opened up. Pay attention to the non-farm data to be released on Friday, which will provide some guidance for the future market. I have in-depth research on futures products such as cryptocurrency, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes. Friends with questions can leave me a message in time, and I will give the most secure advice. Hope it can help you.
FX:XAUUSDShort
by FlashTrades_
Can XAUUSD break through 1860? Today's market saw a strong downtrend due to Powell's speech causing a strengthening of the US dollar and market bearish sentiment. The price has deviated from its technical trend, but I personally expect the market to eventually return to a technical trend. Our long positions entered at 1830 are still being held, and for friends with larger capital, additional long positions can be added near 1820. I am optimistic that a good rebound trend will emerge after the negative news is digested by the market. As emphasized at the beginning of this week, there will be a lot of data and news to focus on. I will continue to update the strategy and please stay tuned.
FX:XAUUSDLong
by FlashTrades_
XAUUSD:Short first then long on opening After every market wave, successful traders reap joy, profits, and experience, while unsuccessful traders face sadness, losses, and lessons. Same market, same time, different results, which one do you belong to? If the direction is right, the road is not daunting. Time witnesses strength, and strength wins the future. Let trust become profit, and profit dispel doubt. The market changes rapidly, same candlestick, different perspectives, different results. Facing the ups and downs of candlesticks, are you confused, afraid of rising, and falling? Plan your trades, trade your plans. The road to success is simple. With a clear understanding, you can be at ease. The market offers many opportunities, it depends on whether you can seize them. If you are always hesitant and confused when facing opportunities, you might as well follow my rhythm and see if it can enlighten you. XAUUSD formed a double bottom support on the hourly chart, and the moving averages formed a bullish cross, indicating a clear bullish signal. The opening is expected to test the 1860 resistance level, then break through the previous high after a dip. The main idea for next week is to follow the trend and buy on dips. Personal trading plan: Short at 1860, with the first target at 1850, the second target at 1840, and stop loss at 1870. Buy again at 1840, with the first target at 1855, the second target at 1870, and stop loss at 1830. Next week, it is important to pay attention to the ADP and NFP data, as this data will greatly impact the XAUUSD trend. Please focus on it, and I will also help analyze the data situation. If there are any changes in the market, I will update the strategy in time. If you have any questions, please leave me a message, and I will give you the safest strategy. FOREXCOM:XAUUSD
FOREXCOM:XAUUSDLong
by FlashTrades_
2
GOLD possible sell zone!Currency Pair : GOLD Possible direction : Bearish Technical Analysis : GOLD on the 4H timeframe is forming a possible head & shoulder with a dynamic resistance. As there is a monthly close tomorrow, after an over extension on the monthly highly likely GOLD will continue to drop for a deeper retracement. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
1
GoldViewFX - MARKET UPDATEHey Everyone, Another fantastic day for us with our last update yesterday highlighting 1940 being the last remaining target on this chart idea. This target was HIT today - BOOOOOM!! This also followed with a sharp tank down in price but once again found support at the identified retracement range, which provided support for another push up. We will now need to see 1940 - 1945 break with EMA5 to confirm the next range above. Failure to break this level will see price head down to find support again. We will continue with our plans to buy dips and will use our Goldturns to identify and navigate up and down to pick safe entries and exits. EMA5 CROSS AND LOCK ABOVE 1924 OPENNED THE FOLLOWING TARGETS BULLISH TARGETS 1930 - DONE 1934 - DONE 1940 - DONE BEARISH TARGETS 1924 - DONE 1918 - DONE EAM5 CROSS AND LOCK BELOW 1918 WILL OPEN 1911, 1904 AND 1895 SWING RANGE 1895 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
DECRYPTERS |GOLD (XAUUSD) | PROGRAMMED HI people welcome to Team Decrypters The only plan you Need Expecting gold to Rise First This week and incoming first 2 weeks of FEB we expecting a pull back in Gold Over all we are Bullish On Gold in terms of technical and fundamental perspective --1H we have Rising channel --4H we have soon Bearish Divg will be Created --Daily we have Trend line + Fibo Rejection -- Weekly we have Bearish OB ,supply some and resistance plus the confluence of some Advance concepts of liquidity To sum up all we expecting rise and than grab the liquidity to Drop the price Down At least 600 -900 PIPS PULL BACK EXPECTED
OANDA:XAUUSD
by DECRYPTERS
GoldViewFX - DAILY CHART UPDATEHey Everyone, Please see our updated daily chart setup and structure. PRE-LAST WEEKS UPDATE The daily chart remains very much Bullish with a candle body close above 1857 opening a gap target to 1879 only. However, if we see EMA5 follow through and cross and lock above 1857 then we will potentially see the full upper range open to the next resistance structure upto 1927. - This played out to perfection, as we saw the EMA5 cross and lock above 1857 with plenty of opportunity to get in for the movement catching the ride up. We got the movement up all the way from 1857 to 1921, which still leaves a small gap to 1927 open. LAST WEEKS UPDATE Our next challenge to track and observe will be a cross and lock above 1927 to open levels upto 1968. - This is playing out now but EMA5 has not crossed 1927. However, we have 2 candle body close above 1927, which is the first level of confirmation but we will need to see the ema5 cross and lock to confirm this movement and validate the break to open the upper level upto 1968 We need to be mindful and, as always not to chase the bull from the front. We will wait for our usual dips to support confirmed with our signals before taking buys using our smaller timeframe setups, managing a tight and effective risk exposure. This will allow us to absorb these swings safely before riding the wave back up, as you have already seen us do time after time. As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. . Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
8
GoldViewFX - END OFF WEEK UPDATEHey Everyone, Following on from yesterday, as expected a nice bounce from 1783 Goldturn. We trailed our long positions all the way upto 1800 for a perfect finish to the week. We have a back to benchmark range at 1815 from yesterday's breakout, which we expect a retest on at some point and also a gap above left open to 1831. We will keep these levels in mind in mind and as always look to get in from the right support levels, like we did today. Any big drops are buying oppurtunites for us. We will now come back boxing day for our multi timeframe analysis and plans for the coming week. Although volumes will be low during the holiday period, we will be active as always and continue to monitor and update the chart ideas. Enjoy your weekend with family and loves ones. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone, Please see updated Goldturn levels and targets for our 1H chart setup. Price is ranging between both support and resistance structures. We saw price tested 1758 resistance twice last week but EMA5 failed to cross 1758 confirming the rejection foe the push down. We then saw price break below 1750 but EMA5 failed to cross 1750, which confirmed the rejection for the push up. We will need to see a break of either of these levels with EMA5 cross and lock to confirm the next structure. BULLISH TARGETS 1754 1758 EMA5 CROSS AND LOCK ABOVE 1758 WILL OPEN UPPER LEVELS (1761, 1765, 1767) BEARISH TAREGTS 1750 1746 EMA5 CROSS AND LOCK BELOW 1746 WILL OPEN THE FULL SWING RANGE SWING RANGE 1730 As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
16