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Goldoutlook

Gold Analysis: Straddling the Fence Amid Market UncertaintyIt’s pretty interesting to read comments and trading ideas on forums during these uncertain times. Right now, 9 out of 10 traders are saying to sell or hold short positions if they have them. They’re referencing MACD, EMA, charts, stars, the mood of their pets (just kidding, but hey, it’s a possibility) and other indicators. I analyze the chart differently, always keeping an eye on my indicators, which I’m sure you’re aware of since I talk about them all the time. So, looking at the Gold chart right now, the question is: who’s suffering more, the bulls or the bears? Honestly, it’s not clear-cut. If you ignore the chart and just look at the exchange data and positions, it’s pretty much 50/50. But there’s a solid call option for a rise with a strike at $3000 that popped up right after the drop to 2620, which is a positive sign. Overall, I’m “sitting on the fence,” and I’d recommend you do the same. News is coming soon, and I have a feeling there might be some bloodshed in the market.
OANDA:XAUUSD
by ClashChartsTeam
Gold Futures exactly at mid channel support. Gold futures are exactly at Mid-Channel Support for Gold Enthusiasts. Mother line support is already broken after head and shoulders formation in Gold. Gold Futures CMP is 75200. If Mid-Channel support 74436 (Major Support) is broken we can see gold fall to 73175 or even 71192 levels where Gold will come down to meet the Father line support of 200 days EMA. Resistances for gold on the upper side seem to be at 75836 (Major Mother line resistance of 50 days EMA). 76498, 77683 and 79K. Gold is looking little weak on charts and if Mid-Channel support is broken 74436 it will become vulnerable. To Know more about Parallel Channel and Mother, Father and Small Child theory mentioned in the above message. Do read my book (The Happy Candles Way to Wealth Creation) available in E-version on Google Play books and Kindle. Paperback Edition is available on Amazon. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
MCX:GOLD1!
by Happy_Candles_Investment
XAUUSD (GOLD) I Potential Bearish Flag BreakoutWelcome back! Let me know your thoughts in the comments! ** XADUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDShort
by BKTradingAcademy
5
XAUUSD (Gold) I Weekly outlook and technical analysisWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSD
by BKTradingAcademy
17
GOLD forecast 18June2023I have two options for analyzing the movement of GOLD. The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area. Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down. sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.
OANDA:XAUUSD
by Hokusai_FX
GOLD SHORT TERM INTRADAY IDEAIntraday Analysis - GOLD - ( 7th MAR 2023 ) As per analysis last week , Price tapped into our take profit region with possibility of price heading towards 1852-1855 region. Price was setting up better sell side liquidity during the start of the month and we may see a potential shift in market structure soon as we can see new lower highs printed and failure to print higher highs. Will be primarily looking for shorts with FED CHAIR JEROME testifying tonight at 11pm SGT. A hawkish remark by the fed will bring prices of gold back down however with a dovish stance we will adapt to buys tmrw. Bias - hawkish remark by jerome - gold shorts - dollar dominance HRHR SELLS AT 1864 MRMR SELLS AT 1855 SAFER SELLS AT 1847 Will not be looking for buys in our analysis although scalp buys are valid. For new traders, watch and observe the volatility during the news and wait for better price action or retest before entering tmrw. If you want to trade, reduce risk especially during NY session tonight.
OANDA:XAUUSD
by CJ_GOLDPIPS
XAU/USD Potential Double Top/H&S PatternTL;DR: We will most likely see Gold making another bullish run back towards the 2071.00 area. Once it reaches the previous resistance, it'll most likely fall back towards the support/ supply zone that's marked out (1923.78~1932.23). We can see how the events around the world are playing out. We see a strong surge in Covid mainly in 3 countries. There is also mass printing of Fiat currencies around the globe mainly from the European and North American nations. There will be a potential surge in the price of gold just from the sheer amount of gold central banks have been buying back in the past decade combined with the last two factors. Basically there is fear within the market and within the daily lives of the sheeple(sheep-people). But I also predict there will be a small sell off of gold in the later part of the year once we reach a new high, but with enough momentum we can see a return to a nice supply zone for central banks to splurge a little bit more. Thanks for coming to my Ted Talk :)
FX:XAUUSD
by FxLies
XAUUSD - Gold buyers no longer afraid of risksLast week was a week of losses for global indexes, especially for the U.S. There was a sharp fall due to the long-lasting trade war between the U.S. and China, which has yet to yield any results and is strained by new reciprocal tariffs. Investors increased demand for secure assets while risk appetite continues to fall. This demand has been especially beneficial for gold per ounce in the recent period. Commodities , which were stuck at $1,300-1,400 throughout the year, have recently increased their upward momentum. Major investment firms raised their price estimates up to $2,000. However, short-term resistance levels at 1534-1550 and 1575 may come to the forefront. The continuation of the trade war between the U.S. and China, downward sloping bond yield curves, and most importantly, the FED remaining on the interest rate path play an important role in the continuation of the uptrend. Support levels at 1507-1493 are critical in fallbacks. During the week, PMI figures also came from Europe, Asia and the U.S. This data, which is the leading indicator of growth, is quite weak. JP Morgan Global Composite PMI is at its lowest level in recent years. In short, recession pricing is prevalent in economies. This environment benefits gold . Confidence indexes by the U.S. and Chinese industry profitability figures may stand out in the upcoming week. In addition, developments in the Italian elections, the trade war and Brexit are important for the direction of pricing. As long as global risks are not eliminated, an upward trend in gold per ounce can be expected. Support - 1496 Resistance - 1555 Breakout - 1557 Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button! Ideas published should not be referred to as an investment advice!
FX_IDC:XAUUSDLong
by UnknownUnicorn3931771
Gold: A Few Slight Retracements; 1450 Soon; 1500 Within ReachI have discussed at length in my previous posts where I think Gold will go and the specific reasons for my conclusions. As such, I will refrain from repeating. To keep it simple, I see 1450 as the next major hurdle and once 1450 is broken we will be set to reach and exceed 1500 within 3 weeks afterwards. Until then it will take some volatility before we get to 1450 and a lot of false bear flags will be dished out. As a rule of thumb when trading Gold and Silver: never panic sell and always wait for two consecutive trading sessions for confirmation. I expect Gold to do the following in the near-term: 1) 1440ish (current) --> 1443-1446 (Sunday futures open) 2) 1443-1446 --> 1431-1438 3) 1431-1438 --> 1447 4) 1447 --> 1440-1442 *5) 1440-1442 --> 1450 --> 1470 --> 1490 --> 1500 and beyond *Slight retracements after 1450 on the journey to 1500 but nothing major. I expect we will reach 1450 by this coming week and we will top 1500 anytime in September. Longer-term I am still eyeing 1700+ by the mid-point of 2020. If Gold happens to gap fill some lower levels into the 1416-1421 range it will be very quick and sometime Sunday overnight into pre-dawn Monday. - zSplit
FX:XAUUSDLong
by PaulDeep19131
GOLD SHORTThe reason why we feel GOLD may Rise. * On weekly basis it has just started moving DOWN * To SINL and come near 1228 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :1245.09, SL:1249.60, Tgt 01:1233.82, Tgt.02: 1228.83, Tgt 03:1213.46 . The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAUUSDShort
by ajithchand-bhandaari
DJIA SHORT ::: REVERSAL CALLDJIA is expected to sink now. There are many reason why we feel it may sink. 01. It has CLEARED quarterly TARGET 02 level. and may come down for a bounce back soon. 02. Bearish Engulfing in daily Chart. 03. To sink and come near 1204 to 1197 levels 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:1218. with a SL @: 1222 Tgt01: 1208 Tgt02: 1204 Tgt03: 1190. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAUUSDShort
by ajithchand-bhandaari
GOLD SHORT ::: RISK CALL :::GOLD is expected to SINK. There are many reason why we feel it may SINK * HAMMER in WEEKLY Chart. * To SINK and come near 1199 LEVELS * Stoch RSI (3,3,14,Close) clearly states it maySINK. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is also the same Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our Short call shall be from 1215 with a SL @:1230 Tgt01: 1207 Tgt02: 1199 Tgt03: 1187. We are expecting this to happen shortly. We expect a sharp bounce back by mid week Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAUUSDShort
by ajithchand-bhandaari