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Gold Analysis ahead of FOMC and Retail Sales $1850 on the card? There will be two major news will be released in the market today, both of which will have a significant impact on the price of gold. During the first half of the American session, the Retail Sales Report will be released, and the FOMC will release its report after its conclusion during the second half of the American session. The Federal Reserve will raise interest rates today; a 25 BP rate hike is already priced in the market. So, I don't think this will help the USD a lot against the gold. The big draw of today's FOMC meeting is how aggressively FED delivers their statement and what they are thinking of changing their dot plot. From the dot plot, we will learn about the long-term interest rate and how many times they want to increase their bank rates. According to the statement, the more aggressive it is, the more gold will be devalued. This is the first time the Federal Reserve is hiking bank rates since the outbreak of the Pandemic. Bear in mind that simply boosting a currency's interest rate does not make it stronger; instead, its monetary policy is more significant than whether the rate is raised or lowered. As a result, there is no reason to believe that gold will fall in value if the Fed raises interest rates. If FED delivers a dovish hike, then gold will rise. I believe that gold will gain strength during today's retail sales report, which will be released starting at the US season. In that circumstance, it is more possible that gold will test the level of 1940 first. Moreover, if the retail sales report prints below expectations, gold is more likely to test the $1950/1960 price zone. Now, what is it that the FOMC might do? I think FED will deliver a dovish rate hike to balance the economy and market. If FED delivers a hawkish rate hike, gold will be too weak than the dollar, and the USD will be too strong. A too-strong currency is detrimental to the economy because it hurts exports. So, I think FED won't take these risks. Moreover, FED may deliver a dovish rate hike. In that case, gold may fall first and test the $1900/1885 price zone. But if the United States wants Russia to be more disciplined in all aspects of its behavior, the Federal Reserve will raise the Hawkish interest rate. In that instance, gold may test the $1850 rice zone. Gold's Technical View Gold stays below the trendline support. So, technically gold is more likely to drop again with a slight correction to the upside nearly $1940/1950. The current gold rate has immediate support in the $1907 price zone. If gold breaks the $1907 price zone, then our 1st target will be the $1890 price zone, and if it breaks $1890, the final target will be the $1850/1855 price zone. Please support me by liking, commenting, and sharing if you like my analysis. Thanks.
TVC:GOLD
by Gold_Trading_Expert
12
Gold stuck in moving averages and triangles.There is no economic report till the US season today for gold. Gold might be downtrend before the US season as it breaks below the trendline support, and 100 and 50 SMA creates a death cross. Gold price is hovering near to its 200 SMA. If gold price breaks below 200 SMA and stabilizes below $1907, it may test again below $1895/1890. On the other hand, at $1932has a minor trendline resistance and around $1940/1945 moving average resistance. So, as long as above 200 SMA, it may rise to the 50/100 SMA or trendline zone. But as 100 and 50 SMA has created death cross, it has the most possibility to drop. Fundamentally gold is still neutral comes positive till the US season. But it has not changed a lot. So, if gold breaks below 200 SMA in the H4 candle, you also can play for the sell order... On the other hand, if gold breaks above the 100 and 500 SMA price of $1953/1955, gold will continue its uptrend. 1st target to the upside is $1970/1975, and the final target is $2000.
FX:XAUUSDShort
by Gold_Trading_Expert
1
GOLD GLOBAL VISION (Elliott Waves)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last idea,everything according plan. received a strong upward movement on volumes, we are forming the fifth wave Globally we are in wave (iv) of 5. After which we will see the final growth in the area of ​​2200. MAIN TARGET ZONE: 2150-2300 STOP: 1750 Risk/Reward: 1 to 5 Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
OANDA:XAUUSDLong
by trytofeelpositive
8
Why is gold falling hard? Will gold test $1950/1900. Why is gold dropping hard?  There are only two reasons that are playing behind the gold's drop.  1. Ukraine's president says they are no longer to join NATO.  2. Profit-taking purposes.  Both two matters are playing behind the gold's drop and happening at the same time. Because if Zelonasky doesn't join NATO, Russia may stop the war. No war favorable market conditions push the investor for profit-taking.  And, of course, gold dropped from its all-time high price. It is normal. Even I shared an analysis last week that gold will drop from $2075, which happens. It is widespread. Every asset will have profit taken from solid support and resistance. And all-time high and all-time low is enormous support and resistance.  Gold has dropped almost 1100 pips from its all-time high price zone. Gold is currently hovering near trend line support. Somehow if this minor trendline support breaks out, it will go straight to $1950. $1970 is the trendline support zone from the present perception, which means that if 1the gold breaks below $1979t, our first target would be 1950. In my opinion, gold may not break $1950 in one chance. I think XAU/USD will pull back from around $1950 because around $1950 is the Major Trendline Support Area. But if for some reason 1950 breaks out, it will only go to the 1900/1890 prize. Today we have a CPI report. So, if CPI drops, XAU/USD may bounce to $2000/2020. I think, $2000 or $2020 should be another good place to sell if the CPI drop. If CPI prints positive, there are no ways gold has the most possibility to test $1950.
FX:XAUUSD
by Gold_Trading_Expert
Gold Weekly Analysis: Gold needs war, not only sanctions. Gold dropped sharply after testing its nearly multi-year high level of $1974/ounce. However, XAU/USD started positively at the begging of the last week but closed in a negative biased. But technically, as long as gold is above the $1850/1835 price zone, it will remain still bullish. The gold market yet has thousands of reasons to go upside. When the Russia-Ukraine crisis started, gold went up because investors expected NATO and Russia to conflict. Still, the USA and Europe just gave sanctions against Russia but didn't announce direct war with Russia. But market expected direct war against Russia. Though that didn't happen yet, the NATO countries are involved with Russia-Ukraine issues slowly. And eventually, NATO countries conflict with Russia very soon because the Russia-Ukraine war involves the security and self-respect of America and Europe. If Russia occupies Ukraine, NATO will be considered a failed organization. Although Ukraine is not yet a member of NATO, many may say that NATO countries cannot wage war directly against Russia. It will be just an excuse and a strategy to cover up the failure. Because of the encouragement and provocation of NATO, Ukraine has shown courage and confidence. So the defeat of Ukraine means the defeat of NATO to Russia. I am not a war expert, but as a market analyst, I think investors not only expected a blockade on Russia, but they expected a big war. But since that did not happen, the gold market has undergone a significant correction, and as a result, gold has dropped. Russia has been expelled from Swift. As a result, all countries that do business with Russia will be in more or less trouble. There is no doubt that essential commodities like gas, oil, and wheat will increase. Many countries in the Middle East depend on wheat from Russia and Ukraine. Many European countries are dependent on Russian gas and oil. So it is very typical for the commodity market to become turbulent. And since Russia has been ousted from Swift, there is no doubt that they will lean towards a cross-border interbank payment system, gold, or bitcoin to keep the economy afloat. So I think even if the gold price dropped last week, it would increase from next week. Not only the gold price, but I also do not doubt that the blockade on Russia will increase the price of gold and commodities like bitcoin, oil, and wheat. Technical Analysis: Technically as long as gold is above the trendline support zone of $1850/1835 price zone, it will remain uptrend. From the present rates, $1875/1870 is immediate resistance. Breaking below $1870 will open the door for the $1835/1850 price zone. Again, we may see a big buy from the $1850/1835 price zone. The buying bias may start from the immediate support level of the $1870/1875 price zone. But, breaking below $1835 may invalidate the uptrend and may continue downtrend in the long term. If the gold price bounces from its immediate support or buys limit zone, our first target to the upside is $1915. Breaking above $1915 will open the door for the $1960/1975 price zone. And the final target to the upside is above $2000. Please like, comment, and share if you like my analysis and join me.
TVC:GOLDLong
by Gold_Trading_Expert
6
Gold weekly Forecast: From 7th March To 12th March 2022Gold's rise is not stopping in any way. Honestly, there is no reason to stop it. Gold has not dropped that way without profit-taking reason from the technical level. The Russia-Ukraine crisis and the economic blockade imposed on Russia by NATO countries have further boosted demand for gold, and inflation has been on the rise for the past two years due to the Covid 19. All in all, the fundamental reasons for gold are pretty strong and favor upside the golds prices. Although the NFP report was quite good yesterday, it did not impact the market and didn't help the USD against gold and safe-haven assets. Yesterday, during NFP's live news trading season in my group, I repeatedly said that gold would not go down no matter what the report was. And so it has been. It is ubiquitous that if there is a significant crisis in the market, no report in the economic calendar works that way. And that's what the market is all about. And as long as these issues exist, the XAU/USD will continue to rise with a higher high chart pattern. Gold will always rise after profit-taking with corrections from the support level every time as long as the issues exist. This is what I have been seeing for the last 14 years. In the case of Safe Haven Assets, there is no exception that prices rise during crises, economic slowdowns, and higher inflation. As far as I can tell, the Russia-Ukraine issue will not end soon. And if this issue continues and NATO member states impose more economic sanctions on Russia, the gold price will quickly cross the all-time high rate of $2070. If the XAU/USD crosses $2070, we should have a second target of $2185 and finally $2300; by the end of this year, we can see the gold price. Gold Daily Chart Take a look at the daily chart. Although the market closed before last week with a vast bearish pin bar, the gold price did not drop. Instead, the gold market has closed near the previous swing high level in the last week with a vast and clear bullish candle. As the market has closed with a full bullish candle in the last week, if the gold price can somehow cross this immediate swing high level of $1975, our next target is $1992. After breaking above $1992, our next target to the upside is $2010/2020. I think this will be the most common scenario in the next week. We will see a minor correction towards $2020. Gold may come closer to $1975 with a market correction, but this will not change the trend. And if there is a Russia-Ukraine issue that exists and worsens, we will see again that the gold price has been rising to $2050/2080 very soon. Please like, comment, share, and join me if you like my analysis and chart.
TVC:GOLD
by Gold_Trading_Expert
16
Gold may touch the sky very soon. Gold breaks above the market gap highest after correction. Though weekly candles closed, a substantial bearish pin bar candle market ignores candlestick patterns. And most possibly, gold will test the sky as long as Russia-Ukraine issues exist. And there is no sign that the war will end very soon. So, it would be wise to keep in buy mode as long as a crisis exists. Initially, I expected gold to test its last week's swing high zone of $1973 price zone. And breaking above $1973 may open the door for above $2000. Gold's fundamental situation and market sentiment are still positive. So I guess gold still has a chance to test $1973 or go above $2000. Given the growing demand for gold as a safe haven, given how the United States and its allies are imposing economic sanctions on Russia and are likely to do more, hopefully, the demand for gold will not decrease. And just as Russia has surrounded Ukraine on three sides, it is only natural that large-scale war could break out at any time. So staying in Gold sell now would not be a sage thing to do. We should stay in buy mode until each resistance zone breaks out until the next resistance. And if you go to the market swing area, it is better to use small stop-loss and stay in buy mode.
TVC:GOLDLong
by Gold_Trading_Expert
GOLD: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Gold. The chart is self-explanatory. Gold price may come back down to re-test the top of the Descending Broadening Wedge Pattern. If price gets rejected when coming down, expect to see the 0.382 Fibonacci Retracement level to touch which is in line with the Multi-year Support Trend Line. RSI is near overbought on the daily chart so be careful. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. 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
TVC:GOLD
by MillionaireEconomics
3
Gold Weekly Analysis: Gold is about to test it's resistance zoneHello guys, welcome back to another gold weekly forecast. Gold is shining for 14 days as a safe-haven asset. Gold almost up nearly 1200 pips within 14 days. Russia-Ukraine issues set on fire on commodities prices, including gold. So, Any de-escalation of Russia-Ukraine tension may decrease the gold price as gold is rising for this issue. The current gold market condition shows that economic calendar reports are not working as it usually does before. Last week the US retail sales report was excellent, but it didn't help the USD against the gold. When the world goes through any kind of crisis, gold behaves like a king. The world is going through a geopolitical crisis, and gold is dominating, and it was supposed to happen. So, as long as geopolitical issues exist, gold will run to the upside more. So, Any de-escalation of geopolitical crisis will also send the gold down. Technical Analysis: Technically, gold is in an uptrend but hovering near its trendline resistance and previous swing high level. RSI also shows gold price holding over the overbought zone. So, considering technical analysis, it is expected that gold may go a deep correction to the downside. $1908/1915 is a resistance and correction zone from the current rates. So, gold may drop as a correction for the $1908/1915 price zone. But if the Russia-Ukraine tension rises more, I think gold will consider neither a resistance zone nor a swing high instead. If it can break above the $1915, gold may test the $1925 price zone immediately. From $1925, we may see a minor correction in deep, and it will be a buying opportunity. Our next target to the upside will be the $1950/1960 price zone, and the final target to the upside is $1995/2000. On the other hand, if geopolitical tension de-accelerates bit or the market follows technical analysis, gold may drop to the $1868/1870 price zone from the current price. Breaking below $1868 will open the door for testing the $1830 price. But I think gold won't break below $1830 very soon unless Russia-Ukraine issues are wholly finished. If you like my analysis, please like, comment, share, follow, and join me.
TVC:GOLD
by Gold_Trading_Expert
4
How Long Can Gold Rise? what is the Next Target? Gold has already broken its trendline resistance, and more upside bias is coming soon. But we have to be cautious that gold has reached its swing and profit-taking zone and have to consider Russia's reserves. Of course, gold has more room for going upside, but don't forget Russia has enormous gold reserves and might have to tap those if it's cut off from the global financial system. So, gold must go in some correction to the downside from the current zone. From the present rate, gold may test $1950/1960, and then I expect it will go to correction till the $1908/1915 price zone. In my last article, I did mention gold's first target is $1908/191. This target has already been done. Our second target was $1950/1960. Thou high tested was $1848, I mean nearly our second target. SO, after testing our second target, I expect gold to drop first nearly to its immediate support level of $1908/1915 level, then gold will rise again if the Russi-Ukraine crisis exists. So, I am expecting a correction though gold has broken above the trendline resistance. So, it would be too costly if you buy at this current level. SO, wait for the correction and buy again. Please comment, share, and join me if you like my analysis.
TVC:GOLD
by Gold_Trading_Expert
2
Gold: Why Gold Dropped Hard and What is the next Destination?during the weekend, we had shared our views on gold might going to drop, and that really happened. from my personal view, I have found 3 reasons behind the Gold's flash crash early market opening. 1. Last week's massive US job market report. 2. Gold was raised when most of the central banks cut their interest rate to support their economy during the pandemic. Now, many central banks are thinking to increase the bank's rate again. August 18, RBNZ is going to hike their bank rate is expected. 3. Timing also may play behind today's Gold's flash crash. The time gold dropped, most of the time flash crashes happen that time. because of thin liquidity. U.S market is closed, UK/European they are in bed, Asian traders aren't out of bed yet. only Australian and New Zealand market is open those are a relatively small market. So, now the question is, Will Gold Drop More? Most possibly Yes. after the flash crashes, we have seen before the market goes for a big correction. that really happening in the market right now. This week the U.S has an inflation report to be released. if the come can meet expectation the FED has more chance to rake hike again this year. so, the Gold may drop again. What about the technical analysis? technically gold is in a bearish mode we have shared many times. From the present price zone, 1760 is the major resistance. breaking above 1760 is a hard job. in case It breaks above 1760, we may see more upward correction till 1790/1800 price zone. I think 1970/1800 is the perfect price zone for sell entry. as long as the market is below the 1760 price zone, there is still have a chance to sell Gold. As usual, stop loss should be above the 1840 price zone. and the first target 9s 1725 and final target as we gave our last analysis is 1680/1680 zone. last analysis hit our target and bounced back from the 1680 price zone. N:B: Don't rush for selling Gold immediately, let the market for correction and chart pattern or any news outcome.
TVC:GOLDShort
by Gold_Trading_Expert
60