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GOLD Where Next ?hey Traders , As i predicted last time gold went down from the trendline , unfortunately there was some manipulation before the news which stopped out a lot of traders. gold is still bearish technically I believe we are going to see gold on 1906-1910 again , you should be looking for shorting opportunities , remember the trend is your friend . the confirmation will be the break out of this zone. and fundamentally speaking gold is bearish dollar is still strong. the weekly candle closed as a inversed hammer too. this is just a prediction keep in mind this the last week of Q3 The markets are going to be very crazy anything can happen trade safe .
OANDA:XAUUSDShort
by xAB777
Gold Post FOMC Update Witness the astonishing power of Gold as it defies all odds! 🌟 After a jaw-dropping surge in the wake of the FOMC, hitting a resilient resistance zone at 1983, things took a wild turn. The FED's interest rate hike left many traders trapped in sell positions, leading to an insane and horrifying market situation. But guess what? We were ready! 💪 Armed with keen foresight, we stood tall in the sell zone, anticipating the inevitable drop. Our signal proved to be spot-on as Gold gracefully tumbled from 1983, and we seized the moment, booking stellar profits near 1948! 📈🤑 Now, the price retraces to 1955, testing the waters around a crucial trendline support, which, alas, succumbed to the pressure and transformed into a formidable resistance overnight. The bearish bias on higher timeframes strengthens our resolve to make the most of this golden opportunity. As we embark on this thrilling journey, our sights are set on the next targets: 1942 and 1925! 🎯🎯 The path ahead may be challenging, but we embrace it with unwavering confidence and a strategic approach. Join us as we navigate the twists and turns of the market and unlock the untold potential of Gold! 🌌💰"
FOREXCOM:XAUUSDShort
by Saibi_FX
Today's Gold Bearish Final Target: 1916 and 1903Yesterday, we saw that XAUUSD went up a lot until 1947. After that, the market has come down in FOMC News and is constantly coming down.  So far, the xauusd has broken much support. So far, if we see, the market can go up a little because, at present, the market has been running since 1924.  The rest of our goals have been completed; now our targets are 1916 and 1903.  As we mentioned in our last two or three analyses, the market target is 1903, so let's see that the final market is moving towards our target. 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:XAUUSDShort
by MsProTrading
4
Potential Gold (XAU/USD) Bat; Is gold going down?Soooooo, you know when there's one person in the room that says something crazy.....well I'm possibly about to become that person. My previous post about the long short on the USD/JPY still shows that there is still a little bit of way for the USD to climb before the drop. So, this took me to the gold chart, and here's where we are at present. I have had this bat drawn for around 10 days, and really didn't believe that it would play out, but so far it is. This is IMPORTANT bit....this bat could easily break if closes above point C, it could also really break if it doesn't drop down to point D. To get down to point D we need the DXY to rise....and to get to that point we will need the FED to announce a rate rise. Now I'm fully aware that Wall Street is 60/40 that there will be a halt in rate rises, sending the dollar down, but, and it is a but, this chart is a possibility. If there is a rate hike then the chances are that we are heading to point D at 1866, then put your fib on the CD point and 50% is the TP1, point C is TP2. I'm not saying that any of this will definitely happen, and don't shoot the loony in the room, but it's a possibility that is on the table. Don't forget, the FED won't be worried about throwing the little guy in the street under a bus. Their job is to look after the economy.
TVC:GOLDShort
by Elite_Trading_Signals
THE KOG REPORT:KOG REPORT: In last weeks KOG Report, we said the ideal trade for the week would be to capture that long trade at the beginning of the week to then assess the price action, and short the market back down. For the early session we didn’t get the 1910-12 support level but managed 1916 up into the order region where we then shorted the market as illustrated down into the levels identified. For CPI, we updated our traders with the Excalibur hot spots for the long trade back up, which we would now say has also been fulfilled. So, what can we expect in the week ahead? We have FOMC this week so we’re very likely to experience choppy price action together with ranging for the first half of the week. For that reason, please be careful if we do range, don’t get trapped mid-range and try to control your lot sizes while the market accumulated orders. We have a range in mind 1915-13 support with 1930-35 order region resistance. We will be looking at these levels to either long the market, or to short the market pre-event! By Tuesday, ideally, we don’t want to be in an Gold trades in preparation for FOMC, for which we will we publish our usual report with what to look for. We’re going to keep the KOG Report short this week as we’ll go in more detail for FOMC, and of course we will update traders daily with the key levels and KOG’s trusted Bias for the week. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
XAUUSD EXPECTATION! SHORT!Hello Traders, here we are again with new analysis on GOLD, What we see here, is quite clear, so as always we have some expectation from price, so if they follow our expectation we take decision, We have strong supply zone around 1926, which price had extreme drop, however, it cannot be only confirmation as we are coming from 1918.50, which is strong resistance for the price, so I expect for the price to see 1926 for one more time to collect orders, the we continue short, So as always stay with me, I will let you know where to enter exactly to don't miss this opportunity, For now we going wait for the price to reach our determined level, then we will see if we can enter or no! Remember there is huge risk in this market, so always respect to your risk management Any question comment me bellow! @FxShzd team
OANDA:XAUUSD
by FxShzd
Short gold 15-16, finally try short position For gold, yesterday's U.S. market was stimulated by the news and quickly fell back to around 1901 and then stopped pulling back. When the big positive line was rising, the long and short did not reveal much trend. In the continuous falling market, The support below 1900 first took hold, and this position will also be our key breakthrough point in the later period. If the support at this position effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression opening above It remains near 1915. This position is also a key suppression area. With the suppression of the short-term moving average during the day, it is likely to form an effective breakthrough again. At present, when gold bulls are counterattacking, they do not give a strong signal. We can still continue to try to go short and wait, and once it breaks through around 1920, we still need to adjust the trend in time. Otherwise, it is likely to be a second washout by the short sellers, and gold will first hit 1915-1915 in the short term. Shorting near 1916, target around 1905-1900, loss 1921.5 golden signal xauusd:sell1915-1916 tp1905-1900 sl1921.5 If you need help during the transaction, please contact, ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓ ↓↓↓↓ ↓↓↓↓↓↓↓
FX:XAUUSDShort
by Richard-Wagner
GOLD Price Holds Steady Amidst Dollar Retreat, But Faces Down...Gold Price Holds Steady Amidst Dollar Retreat, But Faces Downward Pressures The price of gold has been treading water, hovering around $1,927 per troy ounce in the early hours of the Asian trading session on Monday. While the precious metal is managing to stay near the previous week's close, it faces challenges from multiple fronts, including a retreating US Dollar (USD), rising US Treasury yields, and influences from China's economic data. USD Retreats but Treasury Yields Rise The US Dollar Index (DXY), which measures the USD's performance against a basket of major currencies, is currently trading at approximately 104.80, slightly below its peak since April. The weakening of the USD has provided some minor support to gold prices. However, the rise in US Treasury yields, particularly the 10-year bond yields reaching 4.29%, up by 0.52%, could exert downward pressure on gold. USD's Robustness Supported by Positive Economic Data The USD is expected to remain resilient, supported by a consistent flow of positive economic data from the United States. For instance, US Initial Jobless Claims for the week ending September 2 reported a reading of 216,000, below both the market consensus of 234,000 and the previous week's revised figure of 229,000. This demonstrates the health of the US labor market and bolsters the USD's strength. China's Disinflationary Pressures on Gold China's Consumer Price Index (CPI) data for August was published recently, indicating a year-on-year increase of 0.1%. While this marks an improvement from the previous month's figure of -0.3%, it fell short of market expectations, which had anticipated a 0.2% reading. This relatively soft CPI reading suggests that disinflationary pressures persist in China, which could potentially weigh on gold prices. Uncertainty Surrounding China's Economic Situation Throughout the week, market participants will closely monitor developments in China's economy. Understanding the challenges that Chinese authorities must address to implement necessary monetary and fiscal measures to achieve their target of 5% GDP growth this year will be crucial. Any signs of economic instability or obstacles in achieving this goal could impact the global financial landscape, potentially affecting gold prices. Fed's Hawkish Stance and US CPI Data Awaited Adding to gold's challenges is the anticipation that the US Federal Reserve (Fed) will maintain higher interest rates for an extended period. There is also an expectation that the Fed will implement a 25 basis point (bps) interest rate hike by the end of 2023. This hawkish stance from the central bank could exert significant downward pressure on gold prices, as higher interest rates make non-interest-bearing assets like gold less attractive to investors. Investors will keenly await the release of the US Consumer Price Index (CPI) data for August later in the week. This data will provide further insights into the inflationary pressures in the US economy, which could influence the USD's performance and, consequently, gold prices. In summary, while gold has held its ground in the face of a retreating USD, it faces challenges from rising Treasury yields, China's disinflationary pressures, and the Fed's hawkish stance. The interplay of these factors will determine the precious metal's direction in the coming days and weeks. Our preference Below 1940.00 look for further downside with 1916.00 & 1907.00 as targets.
OANDA:XAUUSDShort
by FOREXN1
32