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Gold Next Target: $1790.00? Check idea We have seen that the price has been going down continuously for the last several days, and yesterday gold reached $1820.00, which has pulled back a bit and is running up to $1826.00.   Our resistance is 1830 if it crosses it next.   Our resistance is 1835; we expect gold to bounce back from 1835 and come down; and our target is $1816, $1809, and $1790.00.   Apart from this, we also have news that will be released at 2 PM according to UK time, which can also affect the market, so keep watching the latest news, and our target is 1816, 1809, and 1790. We have resistance at 1830, 1835, and 1845, and also support at 1825, 1816, and 1809. We believe that if the market closes below 1816 and breaks the 1816 support, our next targets are 1809 and 1790.   If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.   Good luck and best wishes to everyone.
OANDA:XAUUSD
by MsProTrading
2
See our analysis of what the next target for gold isHello everyone, We hope you guys are having a great weekend.   We have seen over the past several days that gold has been consistently down since 1947, when it was back, and has been consistently down, never going up.   When the market closed on Friday, gold was running at 1848, while 1846 is a very strong support.   We think that gold will pull back from here and go between 1874 and 1878 because 1879 is a very strong resistance.   Again, gold will come down, and our target is 1830. If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSD
by MsProTrading
7
$1,870 or $1,800 -> Which Direction for Gold?Gold has now hit a seven-month low at $1,830 just as the US government avoids a shutdown. Over the weekend, the U.S. Congress passed a stopgap funding bill. This means that important government information won't be delayed, and it won't make it harder for the Federal Reserve to decide what they might do with interest rates. Traders are starting to believe that interest rates will stay high for a long time, which is not good news for the precious metal market. Traders think there is a 55% chance that the Federal Reserve will keep interest rates between 5.25% and 5.50% this year, which might not be a great enough majority to convince gold traders to look for prices above $1,870 in the near term. However, Federal Governor Michelle Bowman mentioned yesterday that she's open to raising rates more if the data shows that inflation is not slowing down at a reasonable pace. Sentiment like this might keep gold above $1,800 for the time being though, and limit gold bears from overcommitting to a larger downfall. The next big data reports to affect the gold market will be this week's job openings data, private hiring numbers and nonfarm payrolls.
BLACKBULL:XAUUSD
by BlackBull_Markets
Short Position XAU/USD (1h Timeframe) Position: Short Entry Range: 1907.71 - 1906.00 Take Profit (TP): 1896.96 Stop Loss (SL): 1908.40 Analysis: Given the recent price action and technical indicators on the 1-hour timeframe, a potential shorting opportunity for XAU/USD has been identified. The pair seems to be exhibiting signs of a minor pullback, providing a short trading opportunity. Adding that the macro trend for gold remains bearish in the longer term, it's additional signal for SHORT. The chosen entry range has been selected based on recent resistance and potential trend reversal points. Always keep an eye on broader market news and potential geopolitical events that can influence gold prices. Ensure proper risk management and never risk more than a predetermined percentage of your portfolio on any single trade. Happy Trading!
FOREXCOM:XAUUSDShort
by Frenzy_Trader
XAUUSD Daily Analysis by @OfficialKieranTrewickXAUUSD Daily Analysis by @OfficialKieranTrewick The overall trend is still bullish, following the correct market structure such as consistent HHs and HLs. Following last week's slump through the 1900 barrier down into the lower 1800s price has now reached a key support and resistance level both on the dynamic front alongside horizontally holding strong previously and even creating a key order block pivot zone helping add to the defense that could be the precious metals key support area to provide that key pivotal market structure we are looking for. With the 50 EMA currently struggling to dip below the 200 on the daily timeframe showing a short-term bearish market sign being overpowered by the long-term bull market and the 200 trend carrier gold has then successfully completed a full quarter cycle in price with 25% sitting around 1820-28, 50% sitting around 1920 and 75% at 2040. If you ever heard the saying "Buy the Dip" best believe this is one of the best examples...We are talking about GOLD here, not JPY or AU sorry guys but you have been pretty volatile recently AU nearly going into a full-on recession. But with GOLD we pretty much know besides USD strength causing short-term weakness the metal will rise again and likely stronger than before. Dont get too attached on seeing it go down because you should be happy either way, we all still make money. It's when we get to attached on price going a certain direction we don't follow our systematic plan therefore leaving ourselves vulnerable to emotional decisions that can impact our trading.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
XAU/USD | The Downtrend Continues - Time to Short!👋 Good day, traders! Let's consider two possible scenarios: 📉 After a prolonged uptrend on the W1 chart, XAU, being in the overbought zone and having broken its ascending trend, has been forming an "Uncertainty Triangle" pattern for the past few days. After breaking the support level at $1908.00, it's expected to actively move downwards towards the target levels of $1892.00, $1878.00, and $1858.00. I recommend considering sales from the aggressive level of $1900.00 and the conservative level of $1880.00 with a potential profit of 0.5-2.2%, SL ~$1920.00. ✅ Give a 👍 if you want more insightful and profitable trading ideas❗️ ❓ I'd love to hear your comments. What are your thoughts on this? DISCLAIMER: This idea is not a trading recommendation and is for informational and educational purposes only. Traders should analyze and make decisions based on this information independently.
OANDA:XAUUSDShort
by Maxim_Lushnikov
XAUUSD(GOLD): 28/09/2023: More fall for GOLD? Well, as you can see the price had a strong bearish movement according to my previous TA, and now there is a strong demand zone in front of the price that is a weekly bullish order block. This order block can push the price up for a short term but till the price is under a bearish order block I am on a sell side of the market. 💡Wait for the update! 🗓28/09/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
OANDA:XAUUSDShort
by VahidTradingCR
1
✏️ $GOLD : NEW Analysis,Price will See $1851? (READ THE CAPTION)By examining gold in the 2-hour time frame, we see that the price continued to fall and has fallen to $1890 so far! As you can see, there is an important level of demand in front of the price, which caused the collecting the liquidity and the price to break below this zone 40 days ago! Now that the price is approaching the zone of $1883 to $1888, I expect that the price will experience an upward correction from this range , and probably the first target of this rise will be $1895! Be careful of the gold stop hunting movements in this range and if you see a positive reaction, don't think that the whole trend has changed , because my mid-term view is still bearish and I think we will see the target of $1851 soon ! Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
36
Gold breakout and downtrend continuesGold fell sharply in the context of US Treasury bond yields reaching a 16-year high and profit-taking activities leading to a sell-off of precious metals. Gold is also under pressure from the USD hanging high near a 6.5-month peak. The DXY index (which measures the movement of the USD against 6 major currencies) is near 106 points Gold also decreased because a commodity closely related to gold, oil, dropped sharply. Petroleum demand is forecast to be suppressed as major central banks keep interest rates high for a long time. North Sea Brent oil price dropped to 92.8 USD/barrel, while US light sweet crude oil price (WTI) dropped to 89.3 USD/barrel
TVC:GOLDShort
by FalCol_TradingMaster
Gold holding Downtrend, could it reach 1750?It may be lot of red and green candle going on and on. But if we focus and take a closer look it's actually doing something beautiful which we can make a lot of profits. Let's take a look. 1. Holding Downtrend since April. 2. Can't break Downtrend line. 3. 1885 - 1905 is a crucial zone to hold, if it breaks there is a nothing hold till 1750 area. Which means on 1W TF Gold will still be bullish. 4. Breaking downtrend line in 1W TF will be huge confirmation to go up maybe even higher than before. 5. On the other side closing candle below 1885 in 1W TF we might see 1750.
OANDA:XAUUSD
by terayu