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Goldsignal

Gold could break above 2020 resistanceYesterday, Gold consolidated in a tight range and, in fact, this is the case since Friday's low at 2k support. As I said yesterday, in my opinion, the drop from 2065 is only a correction, not an overall trend reversal, and this correction could very well be over now. In conclusion, my strategy remains unchanged: buy dips in anticipation of a break above the 2020 resistance. In the case of a break above this level, the price could accelerate to the upside to the next level of resistance in the 2040-2045 zone.
OANDA:XAUUSD
by Mihai_Iacob
24
GOLD (XAUUSD): Your Trading Plan For Today🥇 Gold dropped to a key horizontal support last week. The price bounced from that and formed a rising triangle on 4H time frame. The neckline of a triangle is based on an intraday horizontal resistance. Its bullish violation (4H candle close above) can be a nice trigger to buy Gold with a confirmation. A bullish continuation will be expected to 2037 then. Alternatively, a bearish movement and a breakout of a green support may push the price lower. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4
GOLD Possible drop to daily 20EMAInstrument : GOLD Possible direction : Bearish Technical Analysis : From daily timeframe price has formed daily doji which has formed after multiple liquidity grab from both support and resistance. We see a clear head & shoulder on the 1h chart that has led gold to breakdwon from the trend line and may lead the price to daily 20EMA. On the retest of the hourly trend line a sell trade is high probable for short term. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:GOLDShort
by ForexWizard01
XAU/USD Aims to Cross $2,050 Hurdle with Easing US InflationGold price (#XAUUSD) has faced mixed sentiment and sluggish US dollar ahead of the US inflation data. Despite the challenges, the progress on the US debt ceiling negotiations and optimism surrounding Asia have underpinned the #XAUUSD run-up. Technical analysis suggests that the upper band of the Bollinger on the daily chart joins Pivot Point one-day R2 and the previous monthly high to cite the $2,050 level as an important upside hurdle for the #XAUUSD. The $2,025 support confluence including Fibonacci 23.6% on one month, Fibonacci 61.8% on one-day and the lower band of the Bollinger on the hourly chart is also a crucial level to watch. In terms of gold futures markets, traders added around 3.8K contracts to their open interest positions on Tuesday, adding to Monday’s build. Volume, in the same line, went up by around 20.8K contracts after two consecutive daily drops. The continuation of the weekly recovery in gold appears likely on the back of Tuesday’s advance amidst rising open interest and volume, with the yellow metal remaining focused on the 2023 peak near $2070 recorded earlier in the month. TRADE IDEA DETAILS CURRENCY PAIR: #XAUUSD CURRENT TREND: Uptrend (3-week) TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: $2,035 ✅TAKE PROFIT: $2,080 ❌STOP LOSS: $2,015 #GoldPriceForecast #TechnicalAnalysis #USInflation #GoldFutures #XAUUSD #USDebtCeiling #AsiaOptimism #Tradernotes #MarketUpdates
OANDA:XAUUSDLong
by RichDadph-FX
1
Gold- Will this be the expected move to new ATH?As I said for quite some time, I expect a new ATH from Gold, and also yesterday, in my post I suggested buying dips as a strategy. Indeed, after a very short-lived dive under 2010, XauUsd exploded to the upside again and reached 2067, only 8usd from the old ATH. Now the price is in a normal correction and this correction could offer bulls again a good price to enter. The first support is around 2040, followed by the 2020 zone. Only a drop and close under yesterday's low would put a pause on this strongly bullish scenario
OANDA:XAUUSD
by Mihai_Iacob
7
Gold May Tests $1950 Before It RiseThere are no big signs of the dollar strengthening in recent times. However, the Fed has so far been in favor of raising bank rates. But the reality is that although it is possible to temporarily support the USD by increasing the bank rate, eventually the USD won't get an advantage against gold and overall commodities unless Iinflaton drops. As it was initially thought, due to the sanctions of America and the European Union, Russia will suffer a lot. In reality, although Russia is suffering but America or its allies could not benefit much. Due to these reasons, negative sentiment has been created for America. And recent US economic reports are not very favorable either. Two American banks have gone bankrupt. Due to the dollar crisis, many countries are withdrawing from dollar transactions day by day. A strong dollar is certainly harmful to the American economy as well. After all, the Fed may not want the dollar to strengthen too soon too fast. However, as the dollar will continue to weaken further, But we shouldn't always buy Gold. There is something to say about price action and market correction. Gold is now close to the correction zone, although the market sentiment for gold is very positive. In case, if the job market report comes positive next week, then gold can easily test TSE:1950 dollars. At least for the price action. But, if the NFP prints negative than forecast for the next week, gold has a better chance to test $2000/2013. There is a strong trendline resistance near the $2000/2005 price zone and immediate resistance identifying near the HKEX:2013 price zone. If NFP doesn't print super negative, I don't think gold will easily break above the HKEX:2015 price zone till it drops first and test $1950. From the present circumstance, TSE:1975 is identified as good support. Breaking below TSE:1975 will open the door for the TSE:1950 price. I think TSE:1950 is a good zone for buying gold with a small stop loss.
FOREXCOM:XAUUSDShort
by Gold_Trading_Expert
2
GoldViewFX - 4H MARKET UPDATEHey Everyone, Please see update on our 4H chart idea which is playing out as analysed. We got a nice drop into the retracement range followed with a prefect bounce with candle wicking out on our 1967 Goldturn support into our first target. Although our 1H chart idea has opened both ways with the swing range being open; the 4H chart is still supporting above the retracement range, as EMA5 remains above the retracement range. We remain Bullish with our long term plans and will continue to track the price level to level when buying dips from support levels with the short term trend down. We also have a long range Axis target at 2052 on the 4H chart. BULLISH TARGETS 2005 - DONE 2022 - 2039 - 2052 - BEARISH TARGETS 1993 - DONE 1980 - DONE EMA5 CROSS AND LOCK BELOW 1980 WILL OPEN THE SWING RANGE SWING RANGE 1960 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
Gold (XAUUSD): Your Trading Plan For Next Week 🟡 Hey traders, This week, Gold broke and closed above a key horizontal resistance cluster. We see a correctional movement now. The price is steadily falling within a falling channel on 1H. To catch the next bullish movement, patiently wait for a bullish breakout of the resistance of the channel. If the price breaks and closes above that, a bullish continuation will be expected with the initial target being 2030 level. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
Gold- SL was taken, my bullish outlook remains intactOn Monday I said that I expect a new wave of buys on Gold and I'm looking to buy dips. As always, I put my money where my mouth was, but the spike down that followed took my stop loss (part of trading, even if we don't like this part:) ) Regardless of this setback, my bullish outlook for Gold is intact and, again, I'm looking to buy dips. Technically, the daily structure is strongly bullish and the recent PA seems to form a symmetrical triangle which usually is a continuation pattern. My target remains 2k zone with negation under last week's low, but a clear break of 2k could lead to acceleration and a new ATH could be reached
OANDA:XAUUSDLong
by Mihai_Iacob
13