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Gold Analysis: GDP and Jackson Hole Symposium On The CardFundamental View Though last week had enough market mover data to share the Gold price, nothing happened last week after a big flash crash before last week though the USA had some major economic reports. Compared to the last week, there are no big events that can turmoil the gold price if something doesn't happen unexpectedly. There are four major economic reports to be published for the next week. Prelim GDP Jackson Hole Symposium Core PCE Price Index Fed Chair Powell Speaks Among the four market mover data, GDP and Powell's speech may impact the gold price. Tough last week, we also had Powell's speech, but the impact was little. Current fundamental events are few and not having many impacts on the market. But we should look at the pandemic situation and Afghanistan news. Overall, the worse situation of the world means investors will rush to buy safe-haven gold. Though the circumstance is not as bad yet, we should be concerned. Technical View Technically market is still in a downtrend; that's true. But if we look at the weekly chart, it has formed a long-leg bullish pin bar candle from the critical support. Though that candle formed for flash crases maybe that's why we didn't see buyers last week. But such a big bullish pin bar from critical support may increase bullish biases. In the daily chart, the gold price still holding descending channels. In H4, gold formed a triangle. Next week it will break the triangle and will have 150/200 pips move easily. Breaking below 1775, we may go for sell, and 1st target is the 1755-1750 price zone. Breaking below 1750 may open the door for the 1720 price zone. I don't think the gold price will drop below 1720 easily. However, if it drops below 1720, our 3rd target 1685 price zone. In the alternative scenario, as long as the market is below the descending trendline, we will not buy gold. But after breaking above the descending trend line, the gold price may immediately test the 1830/1835 price zone. Finally, breaking above the 1835 price zone may open the door for the 1900 price zone.
TVC:GOLDShort
by Gold_Trading_Expert
3
Gold Analysis: Post NFP Last Friday U.S. job market report printed better than forecasted. average hourly earnings have increased to 0.4% whether market expectation was 0.3%. Non-Farm employment change has added 943k jobs last month though the expectation was only 870k. and even, unemployment change has also beat the market expectation that printed 5.4%. Fundamentally, USD is in a good position though FED will not hike rates within 2 years. as the labor market reports beat the market expectation unless covid cases increase in a high number in the USA, we may see a positive impact on USD. The upcoming CPI report may be positive as earnings came positive last Friday. From the technical perception, Look at the daily chart... From the present gold price, 1750 is identifying as support. Breaking below 1750 may open the door for the 1680/1685 price zone. The last strong support was the 1800/1810 price zone. we may also see an upward correction a well. so, we may sell near the 1800/1810 price zone or break below the 1750 price zone. stop-loss should be above the 1840 price zone.
TVC:GOLDShort
by Gold_Trading_Expert
3
Gold Price Analysis: Sell Call Still Valid In The Daily Chart In the daily chart market still staying bellow the downward channel. Yesterday D1 candle formed a Bearish Pin Bar. If the gold price can't break above the 1820 price, D1 Bearish Pin Bar still will be valid. Last FOMC didn't change a lot. FED still in wait-and-see mode. Suppose we see the gold price break above the 1820 price zone. We may see some upward correction till the 1850.00/1860 price zone. On the other hand, breaking below the 1790.00 price zone will confirm the D1 bearish Pin Bar and sell call. Target 1: 1775/1770 Target 2: 1735/1730 Target 3: 1685/1680
TVC:GOLDShort
by Gold_Trading_Expert
1
gold 02.08.21gold has been ranging for quite some time now and this isn't just a short range, this is a bigger timeframe range. right now price is somewhat at a strong support since price had to break that resistance (now support) last week for it to reach our high of the range. if this h1/4hr candle can push a little bit lower and close bearish we should see some drop happening to our range support. a bit of a range or a high (high created during Asian session) retest might happen before the actual drop to give price a bit more structure.
OANDA:XAUUSDShort
by fxqueen98
gold 28.07.21 follow upnow price hit our first take profit from our bearish point of view and retraced back to the level we said price had high chances of pulling back too and if it held then price would be more bullish. if you did follow our risk management as we agreed when price hits first take profit we move our stop loss on breakeven for the rest then you should have got out with only profits and from here we move on to the bullish side. price hit support, made a daily wickfill and closed above our important level at 1800.26, if price manages to stay above then we should see price push higher to complete our range and reach our resistance. good luck!
OANDA:XAUUSDLong
by fxqueen98
gold 28.07.21as of yet, I am not looking for anything big or dramatic, if we look at our weekly price is showing more of a bearish market and when we look at the daily price is showing us more of resistance that was being created for a push up which price did last Asian session but today price dropped and broke support, however, price closed above. we might get a wickfill first so we shall set our first tp at 1795.50 and move our stops to breakeven then we can hold for the rest of the trade. we are going to have a tight stop loss as support has been strong in the past and no doubts price has chances of pushing higher
OANDA:XAUUSDShort
by fxqueen98
Gold Has Formed a Head & Shoulders pattern Welcome back Traders, Investors, and Community! Hi Traders, XAUUSD on H4 has formed a Head & Shoulders pattern, if it gets a Break below the neckline there is a high chance of going lower. ⬇️Sell at Neckline Breakout or Sell at 1819.59 ⭕️SL @ 1839.45 ✅TP1 @ 1790.05 ✅TP2 @ 1773.0 ✅TP3 @ 1742.0 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
OANDA:XAUUSDShort
by Fibonacci-Signals
gold 19.07.21given how the h4 candle on gold closed, price retested last weeks weekly low and if the daily candle close holding the rejection steady, we should see price rise all the way to 1832.90. FOR PICE TO ACTUALLY RISE WELL WITHOUT MUCH/ RETRACING TO THE LOW, THE H4 CANDLE PRINTING NOW WILL NEED TO CLOSE ABOVE 1817.34. if price rejects/fails to clove about 1817.34 we should see price consolidates between 1874.34 and last weeks weekly low or even drop more. IF YOU ARE GOING TO TAKE THIS TRADE, I SUGGEST ONE KEEPS IN MIND THAT PRICE MIGHT WANT TO DROP AND RETEST THE REJECTION BEFORE CONTINUING UP, HENCE WHY THIS H4 CANDLE NEEDS TO CLOSE ABOVE 1817.34. this will mean that pice has chances of taking out our stop losses and reverse and push higher. please keep this in mind as gold usually retests! IF YOU DID NOT MANAGE TO CATCH THE LOW, DO NOT ENTER UNTIL A H1 CANDLE CLOSES ABOVE 1813.90, HOWEVER, THE H4 CANDLE IDEAN IS MUCH SAFER
OANDA:XAUUSDLong
by fxqueen98
Gold Has Broken Above the Resistance by a Large Candle Welcome back Traders, Investors, and Community! Hi Traders, Gold on H4 has broken above the Resistance by a large red candle, It has also has been making HHs and HLs, so I am expecting that it goes up at least to 1841.84 ⬆️Buy now or Buy at 1808.8 ⭕️SL @ 1785.99 ✅TP1 @ 1841.84 ✅TP2 @ 1868.85 ✅TP3 @ 1905.2 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
OANDA:XAUUSDLong
by Fibonacci-Signals
Gold Analysis Ahead Of FOMC At the last FOMC, Gold prices end lower, then move up as the Fed signals no interest-rate hikes through 2022. During this period, FED didn't change its policy a lot. The pandemic has not finished yet, so it is hard to predict what will happen with the gold price. But, in the daily chart, the gold price has broken below the long-term trend line. So, technically market is bearish, there is no doubt. So, how long can it drop? I think as long as the pandemic is not going to over, gold won't drop much. 1680 is strong near-term support. Today is the FOMC, and FED hints for no bank rate changes history will repeat like last FOMC. Gold will drop first and then will up again. If the gold price breaks below the 1800/1795 price zone, the gold price may test the 1775 to 1770 price zone. If the FED is too hawkish more ever gold may test the 1750.00 price zone. On the other side, the weekly high is the 1815 price zone. Technically breaking above 1815, gold may move up to the 1840/1845 price zone. If the FED is to Dove final target to the upside is the 1875 price zone.
TVC:GOLD
by Gold_Trading_Expert
4
Gold Still Down Trend But Breaking Above 1800.00 May Have.......Gold is still in a downtrend, But the gold price breaks and stable above the 1800.00 price zone may have a different scenario. From the present price zone, 1800.00 is the immediate resistance. Breaking above 1800.00 markets may test nearly 1840/1845 price zone. 1840-1850 is the descending channel resistance area. as long as the market below 1850.00, the market won't change its downtrend bias. On the other hand, if the market close and stable below the 1758.00 price zone, we will go for sell till the 1680.00 price zone.
TVC:GOLD
by Gold_Trading_Expert
Outlook for Gold: Pullback presents an opportunity to buyHi everyone! Our call on gold last week is playing out nicely. For this week, we maintain a bullish bias on Gold, with prices holding above a key weekly and daily support area at 1763.14 - 1768.80, which lines up with the 78.6% and -27.2% retracement. A pullback to test this support zone presents an opportunity to play the bounce. Keeping in mind the views on the weekly time frame echo a bullish bias, a break above our H1 resistance could at 1794.50 could see more upside in gold prices, with 1820.20 as our next resistance target.
FOREXCOM:XAUUSDLong
by shermzT
XAUUSD Technical Analysis Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16 Have a Profitable Day If you find this helpful and want more FREE forecasts in TradingView Please show your support back, Hit the 👍 LIKE button, Drop some feedback below in the comment! ❤️ Your Support is really appreciated!❤️
OANDA:XAUUSDShort
by Fibonacci-Signals
5
How Long Can Gold Drop? Can it Break 1680.00 ? Gold is dropping 6 days in a row. In my last article, I did mention Gold is going to drop more than really happened. Is it time to sell now? I don't think so. we need to wait for some correction to the upside. then we can sell again. Breaking below 1850.00 price zone upside became invalid. from the current price zone, 1810/1815 is immediate resistance. We may think for sell from the 1810/1815 price zone. not before that. Like 6 days in a row market is dropping, so, we may see upward correction at any time. Either breaking below the 1760 price zone, we may see more selling pressure till the 1680/1685 price zone. of course, we are not going to buy like swing trade, we must follow the trend. so, wait for correction and keep selling as long next market mover data comes out. We need to analysis combine between technical and fundamental. Both factors are important to take a decision.
TVC:GOLDShort
by Gold_Trading_Expert
Gold : Monthly pivot rejection is a strong bull trend signal ? 1157 (August 2018 low) to 2075 (August 2020 high)- two year strong bull market made correction around 1676 (March,2021) which is the price in between the 38.2% - 50% Fib retracement level. Last month, price managed to close above 1900 handle and then tested the monthly pivot around 1860 and reversed. Speculative sentiment index is around 40% on an average. Its seems like technicals are indicating the start of an incoming strong bullish trend Monthly Pivot : 1861 Strategy : Split long positions Signal : Long @ market price + Pending long positions in between 1861-1890 + One last buy limit position slightly below 1850 Major Support : 1836 & 1811 SSI : 40/60
OANDA:XAUUSDLong
by UnknownUnicorn13514545