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GOLD (XAUUSD): What to Expect Next Week? 🟡 As I predicted, Gold dropped this week. The price successfully violated 1924 - 1940 horizontal demand cluster. The broken structure turned into a supply area from where we saw a strong rejection of Friday. I do believe that the market will keep falling next week. Next support - 1900. If the price goes higher, watch a falling trend line. That will be the next resistance on focus. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
16
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
GoldViewFX - MARKET UPDATEHey Everyone, Our 1H chart idea shared last Sunday is now complete with all targets HIT. The last target at 1978 needed a cross and lock above 1961 to open 1978. This confirmation gave us enough time to get in for the 1978 target for a perfect finish. We are now seeing a rejection on this level with a massive drop down into support due to NFP. Any open buy positions can be managed with buying dips, as per our long term plans once market settles back into organic movement. Our long term projection still remains Bullish. BULLISH TARGETS 1952 - DONE 1961 - DONE EMA5 CROSS AND LOCK ABOVE 1961 WILL OPEN 1978 - DONE BEARISH TARGETS 1941 - DONE EMA5 CROSS AND LOCK BELOW 1941 WILL OPEN THE SWING RANGE SWING RANGE 1918 - 1895 We will now come back Sunday with our multi timeframe analysis and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all!!! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
Reason to Buy XAU/USD Now: Diversification and Inflation HedgeReason to Buy XAU/USD Now: Diversification and Inflation Hedge The XAU/USD represents the exchange rate between gold (XAU) and the US dollar (USD). Here is a compelling reason to consider buying XAU/USD now: Diversification: Investing in XAU/USD can serve as an effective diversification strategy for your investment portfolio. Gold has historically exhibited a low correlation with other asset classes, such as stocks and bonds. During periods of economic uncertainty or market downturns, gold has often shown resilience and acted as a counterbalance to other investments. By including XAU/USD in your portfolio, you can potentially reduce overall portfolio risk and increase its stability. Inflation Hedge: Gold is often considered a hedge against inflation. When inflation rises, the purchasing power of fiat currencies like the US dollar tends to decrease. In contrast, gold has maintained its value over time and has often appreciated during inflationary periods. By owning XAU/USD, you can potentially protect your wealth and preserve purchasing power in the face of inflationary pressures. Global Economic Uncertainty: The global economy is subject to various uncertainties, such as geopolitical tensions, trade disputes, and economic fluctuations. These uncertainties can impact traditional financial markets, leading to increased volatility and potential losses. Gold, including XAU/USD, is widely recognized as a safe-haven asset during times of economic turmoil. Investors often flock to gold as a store of value and a means of preserving wealth. Buying XAU/USD now can provide you with exposure to this safe-haven asset and help mitigate the risks associated with uncertain economic conditions. Central Bank Actions: Central banks play a significant role in influencing the value of fiat currencies. When central banks implement expansionary monetary policies, such as quantitative easing or lowering interest rates, it can potentially lead to currency devaluation. In such situations, gold tends to gain value, as it is not directly influenced by central bank actions. By investing in XAU/USD, you can protect yourself against potential currency devaluation resulting from central bank policies. Technical Analysis: Examining technical indicators and chart patterns can provide insights into the XAU/USD price trends. Traders and investors often use technical analysis to identify potential buying opportunities. It is advisable to consult with professional analysts or conduct thorough research to make informed decisions based on technical analysis. Conclusion: Buying XAU/USD now can provide diversification benefits, act as an inflation hedge, and offer protection during times of economic uncertainty. However, it is important to note that investing in any financial instrument involves risks, and market conditions can change rapidly. Before making any investment decisions, it is recommended to conduct thorough research, consider your financial goals, and consult with a financial advisor to assess whether buying XAU/USD aligns with your investment strategy and risk tolerance.
OANDA:XAUUSD
by eretusam
1