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XAUUSD Huge expansion, im expecting a small pullback Good afternoon gold gang!! Wow huge trade this morning called in the minds section. 100 pips!! that is huge. Well done for anyone who jumped on. Current price is still expanding at a huge rate, so im expecting some kind of pull back to collect some liquidity. I have marked up what im looking for. Support must form at the red level below current price to then move up to the major level .. but sells will be below 1889 level. Dxy sill bearish so we might see the major level tapped today?! .. lets see at the open! Have a good afternoon guys .. ask me any questions in the comments and ill do my best to answer them. Like and follow! TommyXAU
OANDA:XAUUSD
by tommyXAU
3
THE BIG XAU SHORT! (part 2)Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2. With DXY & Yields moving higher, we're likely going to get this retest of 1900. *NOTE: either the big short is in play right now or we will get a push higher towards 1960 before it occurs; one thing is for certain - price needs to correct going into Feb 1st rate hike
OANDA:XAUUSDLong
by XAUSpeculator
4
Gold Price Prediction analysis TF WeekGold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY breaks the old high (109 as of 14 July), it might rapidly surge to 111. So, this may cause negative sentiment for gold. Nonetheless, gold can rebound for a short period before going down again. Suggest picking a top to sell. Sell 1754 - 1766 TP 1758/1754/1747/1735/1728 SL set according to your margin ( above 1772 is a crucial point for gold rally to wave 3 ) Have a good week!!
BLACKBULL:XAUUSDShort
by ThiMars
Gold is still in an uptrend as long as above the $1800....Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart. In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the fundamental factors are still favoring the gold against all the major pairs. So, fundamentally gold is in an uptrend, there is no doubt. But, even in the higher time frame, gold is in a long position. In the h4 chart, gold is rising, testing trendline support and dropping trendline resistance. $1830/1835 makes a strong resistance level from the present rate. Often, gold tested to break the $1830/1835 price, but the market was unable to break above the strong resistance level of the $1830/1835 zone though all the fundamental factors are supporting. So, we should wait to buy gold until it breaks above the $1830/5 price zone or tests nearly trendline supports the $1805/1807 price zone. Because $1807/$1800 creates strong trendline support as well. If we buy from the $1805/1800 price zone, our stop loss is below the $1796/1795 Price zone. And upside target is $1830, the next target is $1855, and finally $1865/1870 price zone. On the other hand, if gold breaks below the trendline support $1800 price zone, we may short gold and target should be near $1780/1785 price zone and final target to the downside is $1760/1765 price zone.
TVC:GOLDLong
by Gold_Trading_Expert
GOLD - SWING ANALYSIS NEXT WEEK GOLD - It seems the momentum is getting weak here and some consolidation and downward scenario is there, Probably the first few session will remain volatile where Gold will again try to jump around 1776, my trading approach will be like this ; My approach will be a sell around 1768 - 1774 Maintain stop loss around 1787 Potential downside target is 1745 - 1730 Follow the levels as mentioned above. Hit the like button if you agree to my views. Trade as per your risk appetite, I will be glad to see your likes & comment.
GShort
by Professor_GS
4