XAUUSD Short Tram BUY NOW
💹XAUUSD(GOLD) ⏬ BUY STOP @ 1794.500 ((Scalping Trade))
✅TP-1# 1805.500
✅TP-2# 1818.500
⛔️SL 1777.777
N.B- MUST USE SL BECAUSE ITS WAVE CORRECTION ENTRY.
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Goldsignal
Gold Price: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Gold price per ounce (GOLD).
The chart is self-explanatory. Keep a close eye on the RSI as a possible re-test of the Support and Resistance Line is coming soon.
Included in the chart: Trend line, Support and Resistance Line, RSI, Support Zone, Descending Parallel Channel, Ascending Broadening Wedge, Descending Broadening Wedge.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies, stocks, and other assets to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Gold still in neutral bias, Upside-downside both risks remain Gold prices are dominated mainly by the USD, geopolitical factors, bank rates, economic crisis, inflation, bond yields, and FED monetary policy.
Last FOMC was a bit hawkish than dovish. That helped the USD to gain against the gold prices. But at the U.S season, 10 years bond dropped a bit. As a result, gold has recovered nearly $20 from last week's low. However, gold price consolidates almost psychological and minor trendline resistance level of $1800.
If the bond market slides today, gold may again go up and test the nearly $1805 price zone.
Two reasons are playing behind the gold's drop.
Powells hawkish statement
Central bank's rate-hiking cycle.
We know if central banks raise bank rates, that negatively impacts gold and bitcoin prices because both don't pay any overnight interest as currency does through swaps.
FED hints they will hike bank rates in March, and every rate decision date is possible to hike though they didn't fix it four times this year. And the bank of England is expecting to rise 25BP rates this week.
These two factors are all other fundamental issues favoring gold to go upside. Covid situation, Russia-Ukraine crisis, United Arab Emirate-Houthis crisis still exist even though higher inflation is another supportive factor that could help gold rise again.
From my experience, I have seen many times, when the inflation is too high, the central bank's rate-hiking can't stop gold buying bias from the investors.
I hope this time we also will see that the gold price rises during the rate hike cycle. So considering every circumstance, I still think as long as gold is above the $1770 price zone, it could test the $1846/1850 price zone again. But before it goes up again, it needs to break and stabilize above the $1805 price zone.
Technical Analysis
From the present rate, immediate resistance is $1800. Breaking above $1800 will open the door for an $1805 price zone. If the gold price stabilizes above $1805, it may drop to nearly $1780 (Trendline Support) again.
But if the gold price manages to break above $1805, the next target is $1828 and finally $1846/1850 price zone.
On the other hand, if the central bank's rate-hiking cycle impacts gold negatively, gold may break below the $1770 price zone. Breaking below $1770 will open the door for the $1750 price zone. Breaking below $1750, the next target is $1725, and the final target to the downside is $1680/1685 price zone.
XAUUSD will drop further to find a strong support 1785 then 1765Market Instrument: XAUUSD
Timeframe: H4
Analysis: Technical
Structure: Support and Trend line Breakout
Prediction: Bearish
We have seen a strong bearish follow in gold prices recently where the picked up trend line on H4 has now breached with a strong move to the downside. Here I believe the next strong support is holding close to the 1760 area. If the bearish pressure remains stronger we will see a further drop following 1785 then 1765 accordingly.
Gold Price Analysis: XAU/USD is still in positive mode.Several reasons are playing behind the rising of gold prices. The main catalysts for rising gold prices are omicron concerns, geopolitical factors, stock crashes, and downbeat yields.
Today, we have seen the Asian stock market slip and yields drop. But, on the other hand, a Russian attack on Ukraine is a growing risk.
This week we have federal open market committee meeting minutes. The market is expecting a hawkish statement. If the FED delivers a hawkish statement, this may only stop the bias of rising gold. Otherwise, I don't see any other fundamental factors that can stop the bias of rising gold prices.
Technically gold is also in an uptrend. Last time the strongest support was the $1828/1830 zone price. And the gold price is still holding above the support zone. But in the daily chart, gold is hovering below the trendline resistance.
So, it is a bit hard to decide where to buy the gold in this place or wait for more confirmation.
There is no doubt that fundamentally gold is still in mode, but technical analysis says we should wait for more confirmation.
Gold Daily Chart
We can buy at the zone if we find gold near the support zone, like the $1830 price zone. For example, in the H1 chart, trendline support identifies the $1830/1815 price zone. So, if we can buy from the particular price zone, we can make some pips.
I always recommend trading in a higher timeframe. The higher timeframe we will use, the better result we will get.
The H1 chart shows that $1815 is the last support. And breaking below $1815 may change the trend. But if you see the H4 or Daily chart, we find that $1800 is major support. So as long as gold prices are above $1800, it will still be uptrend. That's why I always suggest seeing and trading in daily or H4 charts.
The H1 chart is forming another bullish flag, breaking above $1843/1848. We will get the confirmation. So, if we buy at $1843, our first target will be $1848. As $1848 is a trendline resistance zone and strong resistance level.
So, we should wait till the market breakout. Then, if the gold price breaks above the $1848/1850, we must continue our buy trade, and our second target should be at the $1858/1860 price zone. And final target to the upside is the $1875 price zone.
XAU/USD is looking interestingSo when we look at the chart we can see that the price is kind of trading in a range like we see with a lot of pairs at the moment. What we could do now is just either wait for that range to be broken or we can see if we still have the possibility to go and range trade it. For now I would just wait and see what the price does when it is going to reach the high of the range. There are 2 things that can happen:
1) We get a break of the channel and have a good chance to go long
2) The price reverses back of the resistance zone and the high of the range and we can go short on it.
If you have any questions feel free to send me a message.
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Gold stuck in trendline resistance, What is next? Gold reached its trendline resistance zone. As a result, the gold reached its highest level at $1848 for two months.
Next, the FED will announce their monetary policy, and I think gold will rise slowly until the FED meeting. There is a big chance that the FED will rise in March and four times this year.
That may bit hampered the pace of rising gold as gold is a good hedge against inflation; from this aspect, gold is still safe and the number one safe-haven asset to the investors during global growth and crisis.
Geopolitical tensions in the West also formed an additional factor supporting gold prices, as skirmishes intensified between Russia and the United States of America after US President Biden indicated that he expected Moscow to move towards Ukraine after it mobilized 100,000 soldiers near the borders of Ukraine, for the Biden administration to announce about $200 million. Additional defense military aid to Ukraine.
Overall, I am still in buy mode in gold, but as gold reaches its trendline resistance level, I am waiting for some downward correction or breaking above the trendline resistance.
Technical analysis:
Based on the current price, $1848/1856 is the trendline resistance zone. So, I will suggest not to buy in the particular price zone.
After breaking above $1856, our first upside target is the $1870/1875 price zone. However, $1870/1875 is a high swing area tested in November 2021. So, the market may take some time to break above the $1875 price zone. Finally, after breaking above $1875, my last target is the $1900/1910 price zone.
On the other hand, as gold is hovering below the trendline resistance, it is very common that gold may drop from this level for correction and profit-taking purposes.
So, if gold drops from this level, it may test the $1830/1828 price zone. Breaking below $1828, it can test the $1823 price zone. However, I am not expecting more than that about this week. So, something doesn't happen unexpectedly, and I don't think gold will change its uptrend very soon.
Gold is still in an uptrend as long as above the $1800....Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart.
In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the fundamental factors are still favoring the gold against all the major pairs.
So, fundamentally gold is in an uptrend, there is no doubt. But, even in the higher time frame, gold is in a long position.
In the h4 chart, gold is rising, testing trendline support and dropping trendline resistance.
$1830/1835 makes a strong resistance level from the present rate. Often, gold tested to break the $1830/1835 price, but the market was unable to break above the strong resistance level of the $1830/1835 zone though all the fundamental factors are supporting.
So, we should wait to buy gold until it breaks above the $1830/5 price zone or tests nearly trendline supports the $1805/1807 price zone. Because $1807/$1800 creates strong trendline support as well.
If we buy from the $1805/1800 price zone, our stop loss is below the $1796/1795 Price zone. And upside target is $1830, the next target is $1855, and finally $1865/1870 price zone.
On the other hand, if gold breaks below the trendline support $1800 price zone, we may short gold and target should be near $1780/1785 price zone and final target to the downside is $1760/1765 price zone.
GOLD RANGING...AND UP AGAINHello traders, starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year
As I said last weeks since March 21..after 8 months in which all my analyzes about GOLD were almost perfect,
...as you can see ... GOLD is on an upward Fibonacci but has also made a strong downward trend line!
In the next period I will wait to see the GOLD movement ... a closure even for 1 day under 1763 or over 1835 will give the new gold trend for the end of the year
THIS WEEK...just like last year , GOLD remains in the range and continues to force the trend line formed in recent months! even if all the signs almost certainly give rise to a GOLD climb, I will not get out of my routine and will continue to play between 1763-1835 until closing at least for a week outside this area
GREAT ATTENTION:
*This information is not a Financial Advice.
XAUUSD (GOLD) 4H ChartGold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction.
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bearish (positive for gold)
US10-year bond yield- Bullish (Negative for gold)
It is good to buy on dips around $1810
DISCLAIMER: ((trade based on your own decision ))
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Gold Weekly Analysis: It's all about inflation this weekThe US labor market report was one of the most important economic reports last week. IN DECEMBER, the US economy added only 199k jobs where the market forecast was 426K.
The unexpected and negative news about the employment data caused fears that the US economy slowed down. At the same time, rates came out saying that Unemployment and wage rates are better than expectations, but markets reacted to this information with poor liquidity.
The employment figures, in general, are not too negative, especially if we think that they come at the end of the year.
Even though December's numbers were alarming, we should note that this is because of the Corona epidemic, which the United States of America recorded a few months ago.
Gold Market Mover Data For The Week
Fed Chair Powell Testifies
CPI m/m
Core CPI m/m
10-y Bond Auction
PPI m/m
Core PPI m/m
Unemployment Claims
30-y Bond Auction
Core Retail Sales m/m
Retail Sales m/m
Industrial Production m/m
Prelim UoM Consumer Sentiment
Even with this data in mind, it would still be premature to say that job growth has stopped or slowed since December 2021.
If job growth continues at its current pace- which seems possible given how vital things seem recent- coverage for the first half of 2022 could quickly occur by late January or early February 2022.
The labor market index, or the number two indicator of importance to the US Federal Reserve, is expected to release its monthly report next Wednesday.
The inflation index will occupy the number one spot on this list because the US Federal Reserve has changed its monetary policy and tendency towards a more stringent approach.
Expectations are that CPI will drop in December at a monthly pace of 0.4% from 0.8%, while Core CPI is also expected to be unchanged at 0.5%.
This news could impact stock prices and the gold market as investors expect it would match or exceed expectations- making it an important event for financial markets this week.
The market is pricing in an opportunity of more than 80%, according to FedWatch's CME Group tool, with a rate hike in March and four rate hikes this year.
This has already been priced in the markets as of this writing. Still, expectations are now rising that US interest rates may increase by four times this year compared to three expectations (in The latest estimates from the US Federal Reserve). These higher numbers will support other movements within the markets.
If FED hints at four rate hikes this year in their monetary policy, GOld may not go up as we expected. Rate hiking mostly depends on inflation reports.
If the inflation rises as expected, the FED will think to hike their rates. As a result, gold will drop. But if we see another drop in inflation, FED may not hike four times their bank rates this year. So, keep in touch with inflation reports.
The markets will also monitor the latest updates of the Omicron variable and the extent of countries' response to confronting the spread, especially after recording record levels in the speed of space and rising cases of anxiety.
The US dollar index is trading at 95.90 this morning, with opening prices being higher by about 0.17% since last week's close, as global stocks and gold prices continue to rise following a surge in returns seen over the previous week.
If the omicron concerns increase, there is no doubt that gold will test $1865 and the next $1900+.
Technical View
Gold is forming a triangle. The channel resistance is identified at the $1820 price zone from the present rates and channel support at the $1780 price zone.
So, as long as the market holds between channel support and channel resistance, the gold is not changing its long-term trends.
Gold was trying to break below the channel support zone several times, but it didn't happen. So gold pulls back after making a fake break out from the support trendline.
In the H4 chart, gold price testing 200 SMA, breaking above 200 SMA, our text target to the upside is $1815/125 price zone. Breaking above $1820/1825, we need inflation reports.
On the other hand, if the CPI report prints positive this week, gold may fall below trendline support and test the $1780 price zone. For breaking below $1780, we need another Hawkish statement from FED or Powell like last week and any hints that the FED will hike rates four times this year.
XAUUSD Long Opportunity for MondayAs you can see, our previous position was taken out by the stop loss, making the Wyckoff SPRING point before taking off, however, we are going to enter long at the recently formed 30 min TM demand zone that has not been mitigated yet, we are expecting the price to mitigate that demand zone before taking off to higher liquidity levels. The expected RRR for this planned position is 1:18
Good luck, lets catch this bad boy before it jumps to higher levels
XAUUSD (GOLD) 4H ChartGold recovered more than $15 on easing US bond yields. The number of new coronavirus cases in the US rose by one million on Monday, the number of hospitalized patients rose nearly 50%. This has increased demand for safe-haven assets like gold. It hits a high of $1816.77 and is currently trading around $1815.22.
GOLD BUY Signal 22DEC2021 TP 230 PIPSBeginning with the name of ALLAH who is the only lord and master and the most merciful...
I strictly take trading as a business, not a gambling stuff.
I have pre-defined approximate risk to reward ratio on every single trade with clear profit/loss zones.
Trade Discipline:
-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stop ahead of your trade entry level after the price moves 23 pips towards target,
-> Always close 80% of your trade position after market makes half movement towards target.
Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!!
REMEMBER:
I practice patience in trading.
NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business...
Day after day... Weak after weak... I GROW...
Gold may drop more after breaking below $1760Initially, gold has dropped below the long-term trend line starting from August. But we need more confirmation for long-term sell because $1760 identifies strong support.
After breaking below $1760, our first target is $1750, the next target is $1720/1725, and the final target to the downside is $1680/1685. Testing $1720/1725 or below $1680 needs positive US economic reports, especially today's NFP.
On the other hand, if the market breaks above $1800, it may continue its uptrend.
Gold Sell Stop: 1760
SL: 1800
TP1: 1750
TP2: 1725
TP3: 1685
Note: If NFP Positive
Gold Buy Limit: 1685
SL: 1650
TP1: 1720
TP2: 1760
TP3: 1800
TP4: 1830
Note: This signal is valid after the 15th of December
Gold LongHey Traders, today we are monitoring XAUUSD for a buying opportunity around 1780 zone respecting the bullish trend and the strong supply and demand zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe and remember to use proper risk management with gold, because gold movements are so violent comparing to other forex pairs and it's easy for gold to marginate your account if you don't use the right money management plan.
Joe.
XAUUSD shortHey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 1812 zone, once we will receive any bearish confirmation the trade will be executed. Remember to respect money management guys with gold. movements of gold are more severe than other forex pairs and using a wrong money management with commodities or indices in general will knock you out from the market easily. follow always the beautiful rule of investing, risk small aim high!
Happy weekend, Joe!
Gold May Drop Nearly $1835/$1800, Before It Pull Back to $1900+The price of gold is about to enter a much deeper consolidation, where gold prices may continue lower until they reach support from previous levels of the $1830/$1800 price zone.
The market behavior comes when bulls cannot go any higher due to lack of demand. Selling pressure also comes into play that makes them pause before re-engaging with buyers again.
The daily chart shows the market stuck in a triangle and gold price holding nearly descending resistance areas.
As long as gold price holds below the $1876 price zone, it means there will be no rallies up onto new highs without major catalysts causing panic sellers once more.
Technically, it is clear that gold is stuck in a triangle, and gold price holds nearly a resistance area. So, it is expected that the gold price may correct the downside, And that is happening.
There are fundamental reasons too. The hawkish Fed expectations and a stronger US dollar keep the gold market in check. The Fed funds futures indicate an eventual rate hike by July 2022, with high chances for another one by November.
According to Governor Christopher Waller's comments, the US central bank should speed up tapering if they want more leeway when it comes time to tighten policy again.
The prospects of early tightening continue acting as tailwinds on Treasury bond yields which could provide support at lower prices ahead.
So, if the gold price drops for the technical perception, gold may not fall below the $1830 price zone. Instead, gold may go up again to the $1865/1870 price zone again.
On the other hand, gold is dropping for both fundamental and technical both. As a result, gold has a high chance to drop nearly the $1800 price zone.
We also should keep in mind that from December to February, most of the time, gold prices always rise for many reasons. We can discuss this fact in another article. So, if we find gold nearly at the $1800 price zone just keeping 300 pips stop loss, I think we may get 1000/1200 pips.