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XAUUSD- Gold prices climbed high, oil and USD went downWorld gold prices this morning were stable with spot gold down 1.1 USD to 1859.8 USD/ounce. December gold futures last traded at 1,873.8 USD/ounce, up 9.5 USD compared to yesterday morning. Although the Israel-Hamas conflict has not subsided, it continues to promote safe-haven buying activities in the gold market. However, that momentum failed to help the precious metal hold on to its previous gains due to the rise in bond yields. Although gold is not shining, market analyst Fawad Razaqzada at City Index believes that this precious metal will still find strength in a risk environment. Besides, the fact that the USD did not find motivation after Friday's stronger-than-expected employment report has made many investors think about the possibility that the greenback has peaked and that is a good sign for the market. golden school. This expert said that spot gold continued to hold above 1,857 USD/ounce on Tuesday afternoon (US time) and that was the first important short-term resistance level. While a slight pullback from this level is understandable, the reality is that support in the long-term area around $1,805 to $1,820 an ounce was in place last week, before the risks flared. political geography. This expert said that is a good sign for gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
2
🥇Gold🥇will increase from 🟡Price Reversal Zone(PRZ)🟡🚀✅As I expected in the previous post, Gold was able to reach 🟡 Price Reversal Zone(PRZ) 🟡.👇 🌊According to Elliott's wave theory , Gold is completing microwave 5 of microwave C of the main wave Y . 🔔I expect Gold to start rising from 🟡 Price Reversal Zone(PRZ) 🟡, and the target can be the Resistance line . Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
44
XAUUSD - Will gold recover this week?World gold prices this morning tend to increase with gold prices increasing by 2.5 USD, so the trading level is up to 1835.6 USD/ounce. In trading late last week, the gold market demonstrated recovery momentum as the labor market breakout revealed some weakness despite last month's increase in jobs. The modest increase ended a long series of declines since the US Federal Reserve (Fed) kept interest rates unchanged at its policy meeting on September 20 and the US jobs report was recently released. sending gold prices right to a 7-month low. Kitco News' latest ongoing gold price survey fails to find a clear picture of gold's direction this week as both market analysts and investors are evenly divided on the precious metal's outlook for week ending October 13. Specifically, among the analysts who consulted the survey, 38% thought gold prices would be higher this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. Meanwhile, 43% of retail investors participating in online Main Street tours expect gold to rise this week, 42%11 predict lower prices, 15% see prices moving sideways in the near future. limit. limit. The survey shows that retail investors expect gold prices to trade around $1,842/ounce this week, $30 lower than last week's expectations. Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
OANDA:XAUUSD
by FalCol_TradingMaster
🥇Gold🥇 will Go Up to 🟡Price Reversal Zone(PRZ)🟡⏰15_Min⏰✅Gold managed to break the 🔴 Resistance zones 🔴 at the beginning of the new week. 🔔I expect Gold to rise to at least the 🟡 Price Reversal Zone(PRZ) 🟡 after touching the 🟢 minor Support zone 🟢. Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
28
GOLD - Precious metals are expected to continue to declineWorld gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. The USD on the world market spread and increased sharply in the international payment basket. The Dollar-Index - measuring the strength of the USD in a basket of 6 host currencies increased by 0.24% compared to the previous session, up 106,300 points Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around. Meanwhile, James Stanley, senior market strategist at Forex.com, said gold will likely maintain its recent range this week. Stanley doesn't think another recession will produce a bottom, although it could happen
TVC:GOLDLong
by FalCol_TradingMaster
Gold price increased again, short-term trend is difficultEven though the USD and US Government bond yields increased quite strongly this morning, investors still put their gold purchasing power to hedge against risks. Specifically, the Dollar-Index - which measures the strength of the USD in a basket of 6 currencies, increased by 0.24% compared to the previous session, to 106,300 points, at 6:13 a.m. this morning. (Hanoi time) None I). Hard US Government bond yields remained around the 16-year high, increasing 0.28% to 4.795%/year at 6:15 a.m. this morning. Experts say that the increase in gold prices despite two profitable assets, bond yields and the increase in the USD, is due to the increasing conflict in the Gaza Strip, which has so far shown no signs of cooling down. According to experts, when geopolitical tensions escalate, it will create economic activity regardless of the regime. Because global commodity supply chains will more or less affect and disrupt supply. This will make economies that are still deeply hurt by the epidemic and geopolitical tensions in Russia - Ukraine, now continue to be hurt by tensions in the Gaza Strip. However, experts also warn that investors should be careful when on October 12, the US will announce the September consumer price index (CPI). This is the number that determines whether or not the US Federal Reserve (Fed) will raise interest rates. If this index increases or is forecast, many Feds are still likely to raise interest rates once, putting pressure on gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🥇Gold🥇will go UP by Inverse Head and Shoulders Pattern🚀15Min✅Gold was able to make an Inverse Head and Shoulders Pattern near the 🟢 Support zone 🟢. 🔔I expect that Gold can break 🔴 Resistance zones 🔴 one by one in the next hours. Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
12
🚨🥇Gold🥇 will continue to Fall🚨✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle . 🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) . 🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢. 🔔I expect Gold to fall to the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and the support line to the 🟡 Price Reversal Zone(PRZ) 🟡 after the pullback. Gold Analyze ( XAUUSD ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
36
GOLD, This BREAKOUT Will be the Most Price-Driving-Factor!Hello There! Welcome to my new analysis about GOLD on several timeframe perspectives. Since the war economy developments established in the recent year 2022 investors in the market are becoming much more fearful because of recession, inflation, stagflation, supply-chain disruptions and other factors that have changed the whole global financial markets into a market where investors are primarily looking to hedge against further uncertainty factors. Besides, that a implementation of a gold-backed currency-sytem is going to have massive effect not only on the gold-price-action, but also other price-driving-indications. As when considering the price-action GOLD has important lower support-zones in which it already bounced several times especially with the descending-support-level this is a major level from where a bounce is likely if not further supply and bearishness invalidates this level as a support. If a bounce from here on shows up with a implementation of a gold-backed currency-system in an even medium-sized economy this is going to convert the gold price into a pump near the all-time-high region. Then, it will be highly necessary that the gold-price also stays in this area and continues with the necessary momentum. Within the whole bigger global picture GOLD is building a much more momentous formation here as it is still within the Millenial-Cup-Handle-Formation and an initial completion of the local formation will be one step in the bigger picture of the completion of the final MIllenial-Cup-Handle-Formation. It has to be mentioned that the investors who are hedging against major recession, inflation, stagnation, and demand gap developments are holding the open interest here, this could change if a major gold-backed currenc-system implementation should reverse into the other direction. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
TVC:GOLD
by VincePrince
10
Gold's Descent: Breaking Support and Looking AheadYesterday was not a bad day for Gold bears, with the price dropping around 150 pips, but more importantly, breaking under important confluence support around 1915. As explained in yesterday's post, this was the line in the sand and Gold under this level would bring bearish confirmation. Going further, I expect XauUsd to continue its descent and I'm looking for a drop to the first technical level at 1885. However, in the long run, 1855 is my target. That being said, sell rallies is the strategy for me with an ideal entry between 1910-1915. Keep in mind that gold is currently in a weakened state, and the broken support may not be retested. Therefore, signs of weakness above 1900 could also present good entry opportunities. Best of luck and happy trading! Mihai Iacob
OANDA:XAUUSDShort
by Mihai_Iacob
14
Gold Fall by 🗻Double Top Pattern🗻⏰(1-Hour)⏰🗻Gold seems to be completing the second top of the 🗻 Double Top Pattern 🗻 near the 🔴 Resistance zone($1,939.00-$1,932.00) 🔴 and the Important Downtrend line . 🌊According to the theory of Elliott waves , gold seems to have completed its 5 impulsive waves and is now forming Corrective Waves . 🔔I expect Gold to move towards the 🟢 Support zone 🟢 after breaking the Neckline of the Double Top pattern . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
42
🚀Gold increase after Breaking the Resistance lines🚀⏰(1-Hour)⏰✅Gold managed to break the resistance lines a few hours ago. 🔔I expect the upward trend of Gold to continue and Gold to close its 🟡 Price Reversal Zone(PRZ) 🟡 and Important Downtrend line . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
17
🥇Gold🥇 Falls and then Rises⏰(15_Min)⏰✅Gold managed to form an Ascending Broadening Wedge Pattern . 🌊According to Elliott's wave theory , the Ascending Broadening Wedge Pattern completed Wave 4 . 🔔I expect Gold to decline to the 🟢 Support zone($1,915.420-$1,910.640) 🟢 and then rise again after confirmation of the end of Wave 5 . ⚠️I have shared two Long and Short positions in the chart for you, but be sure to act according to your Strategy and follow Capital management . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
11
GOLD (XAUUSD): Bearish Wave Continues 🥇 Earlier, I have predicted that Gold will drop from a major falling trend line. After its test, we saw a strong bearish reaction. Taking into consideration the fact that Gold is trading in a bearish trend, probabilities will be high that the market will go lower. On a 4H time frame, the market closed, trading in a horizontal range and consolidating. Your bearish confirmation will be a bearish breakout of the support of the range - a 4h candle close below 1914. A further bearish continuation at least to 1907 level will be expected then. Alternatively, a bullish breakout of the range may initiate a correctional movement. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
🥇Gold🥇 is Ready to ⚔️Attack⚔️ to Downtrend line⏰(15_Min)⏰🏃‍♂️Gold is moving near the 🟢 Support zone($1,914.520-$1,910.640) 🟢. 🌊Theoretically, Gold Elliott Waves can complete its 5 descending waves in the support zone. This is while wave 3 is Extended. 🔔I expect Gold to attack the Downtrend line from 🟢 Support zone($1,914.520-$1,910.640) 🟢. Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
9
🥇Gold🥇ready to go up by Double Bottom Pattern🚀(15-Min)🚀Gold has managed to form a Double Bottom Pattern in the 🟢 Support zone($1,923.40-$1,921.40) 🟢. 📚 Regular Divergence(RD+) between the two bottoms of the Double Bottom Pattern is a good sign for this pattern to work. 🔔I expect gold to start going up after completing the pullback to the neckline of the double bottom pattern and breaking the downtrend line , and Gold will go up to the 🔴 Resistance zone($1,939-$1,932$ )🔴. Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
11
Gold remains bullish above 1930 zoneIn my yesterday's analysis, I said that I expect XauUsd to reach 1980 and my opinion hasn't changed. As expected Gold retrace a little from the top, but considering the 700 pips rally from the recent bottom, this is nearly a correction. Also, looking at a shorter time frame, like h4 or h1, looks more like a consolidation. Looking at the posted daily chart we see that the 1925-1930 zone is strong support and as long as the price stays above this zone, the buy dips strategy remains intact. That being said, I will look to buy, and, if the target is reached, a 1:4 risk: reward ratio could be achieved, and that is all that matters in the end for a trader:)
OANDA:XAUUSDLong
by Mihai_Iacob
6