Get started

Goldsignal

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.
TVC:GOLD
by Gold_Trading_Expert
4
GOLD RANGING...AND UP AGAINAs I said last weeks since March 21..after 8 months in which all my analyzes about GOLD were almost perfect, as I told you last weeks ... GOLD went down hard and reached the 1763 area from where he climbed the 1793 pass and right over my 1837 target! in the next period I expect a retreat until the area 1823 or even a little lower and from there ... UP again until in the area 1914 or even above THIS WEEEK...as I said GOLD started the retracement movement before the expected climb and I will continue to be in SELL until my 1823, where I will reanalyze the whole strategy! GREAT ATTENTION: *This information is not a Financial Advice.
FOREXCOM:XAUUSD
by BloomFX_SIGNALS
1
XAU Buy/Sell + Exit TradesThe ENTRY/TP zones are your entries as well as your exits. Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break. Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule. More info on the strategy and how to play it: How To Play The Chart Entries/Exits: Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat. All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
FX:XAUUSD
by ExclusivelyFX
5
Gold Weekly Analysis: Buying Pressure Persists (November:15-19)Gold prices have been on an impressive run the past few months, climbing from $1,540 at the beginning of September to a high just shy of $1,867 last week. However, that might be about all people who will get out if higher inflation numbers and geopolitical tensions continue weighing heavily into risk sentiment. It has seen increased expectations for rate hikes in America stimulate demand for precious metals over time despite their reputation as hedges against economic uncertainty or currency devaluation. This situation has brought fundamentals back into focus as risk sentiment for precious metals evolves in 2017-2018; we can't predict what will happen next, but it seems like things are getting interesting. It is expected gold has chances to test above $1900 or more. W hat happened last week? The 10-year US Treasury bond yield broke below 1.5% last week and lost more than 3%. It allowed gold to push higher at the start of the previous week. The Federal Reserve's Monetary Policy Committee Members were split over whether to raise interest rates this year or wait until next year. It caused a lot of turmoil within currencies around these parts - which have shown signs lately saying it may be time for economic stimulus again after everything calmed down during QE3 following Lehman Brothers' collapse. What About The Next Week? October's Retail Sales data will be released on Tuesday, and it's possible we could see a weaker-than-expected print which would revive concerns over inflation impacting consumer activity negatively. However, an upbeat reading may help risk flows return to markets limiting XAU/USD's upside movement. But gold, as long as above $1800, will be considered as an uptrend market. So, any downside correction may be the chance of buying opportunities. There are not so much market-moving data to be released in the next week. So, investors and traders will care about inflations, 0-year US Treasury bond yield moves, Retail sales reports, and any comments from FOMC policymakers. I think these four factors are enough to understand the gold market from the view of fundamental analysis. Technical View: Technically gold is in an uptrend, and there is no doubt. But gold stuck below the resistance level of $1875. So either we should buy gold after breaking above $1875 or after downward correction nearly $1850 price zone. H4 Chart From the present rate, immediate support is identified at the $1850 price zone. The next significant support shows the $1835/1830 price zone. I don't think next week's data are enough to break below the $1830 price zone unless any unexpected things happen. On the other hand, immediate resistance is identified at the %1870/1875 price zone from the present rate. Breaking above the $1875 price zone will open the door for the $1900/1910 price zone. I expect the market will ring next week between the $1875 to $ 1830 price zone if the retail sales report prints positive or the $1875 to 1900 price zone if the retail sales report comes negative.
TVC:GOLDLong
by Gold_Trading_Expert
1
GOLD RANGING...AND UP AGAINAs I said last weeks since March 21..after 8 months in which all my analyzes about GOLD were almost perfect, as I told you last weeks ... GOLD rejected again from the 1790 area and re-entered the range we were talking about! I will wait for it to reach the 1763 area again and reject it and I will give BUY again! I expect a small retreat and I see a continuation of the climb to 1837 from where I will reanalyze the whole situation! THIS WEEEK...as I said ... GOLD went down hard and reached the 1763 area from where he climbed the 1793 pass and right over my 1837 target! in the next period I expect a retreat until the area 1823 or even a little lower and from there ... UP again until in the area 1914 or even above GREAT ATTENTION: *This information is not a Financial Advice.
FOREXCOM:XAUUSD
by BloomFX_SIGNALS
6
XAUUSD shortShe's going down guys. We can see that DXY has hit the 0.5 level of the fib retracement and bounced off ( or In the process of doing so) and we can see that Gold has come to retest the support of my upward channel that it broke down from last week and that's all I need as far as confirmation to short the gold. But when DXY reaches the top of it's downward channel I expect it to breakout BUT it might not see be ready to TP early on this Gold short. let me know what you think in the comments
OANDA:XAUUSDShort
by s6ixfiv3
GOLD RANGING...AND UP AGAINAs I said last weeks since March 21..after 4 months in which all my analyzes about GOLD were almost perfect, as I told you last week, GOLD rejected again from the 1790 area and re-entered the range we were talking about! I will wait for it to reach the 1763 area again and reject it and I will give BUY again! THIS WEEEK...as I told you last week GOLD went down in the mentioned area from where I had an almost perfect entrance until the 1793 area my final target! next week ... I expect a small retreat and I see a continuation of the climb to 1837 from where I will reanalyze the whole situation! however ... a closure even 1 day under 1793 will make me play again in the range I was telling you about in the last few weeks GREAT ATTENTION: *This information is not a Financial Advice.
FOREXCOM:XAUUSD
by BloomFX_SIGNALS
4
Gold Weekly Analysis: As long as above 1760, its uptrend. Gold suffered heavy losses last Friday. In addition, the 10-year US Treasury bond yield rose more than 1% on Friday, indicating that investors are becoming less confident in the economy's stability and strength of their earnings potentials. However, the latest retail sales report shows positive economic data like better-than-expected retail figures for October 2021. In addition, it is a positive sign that the upcoming asset purchase program may start soon from Federal Reserve Chair Powell next month. These reports and investors' optimism sent XAU/USD crashing down to $1763, and the market closed at 1766.45 price zone on Friday. The October Manufacturing Survey from the Federal Reserve Bank of Philadelphia and the weekly Initial Jobless Claims data from the United States will directly impact the gold price. If the report indicates that economic growth is slowing, which could impact investors' confidence in the coming quarter, that may negatively impact the USD. Bond VS Gol's Move. See the chart. When bond rate drop, gold price rise. When Bond rate rise, Gold price drop. There has been no significant increase seen after four consecutive quarters of positive figures ahead of current results. The latest available data was released earlier last week due to weak overseas economies such as China's manufacturing sector, which slowed down again last month. Gold is likely to come under bearish pressure in case the greenback capitalizes on rising yields. The benchmark 10-year US T-bond yield has maintained above the key 1.5% level despite weekly declines, but this could change with more economic instability expected soon. Technical View Gold dropped massively last Friday, but it is still in an uptrend. However, it is hard to say that the gold will break below the ascending trend line or continue its uptrend next week. As long as the gold price is above 1760.00, we must not think about selling gold, though retail sales printed positive last week. From the present rate, an initial resistance is identified at the $1780 price zone. Breaking above 1780 may open the door for the $1805/1807 price zone. To the upside, our final target is a $1730 price zone. On the other hand, breaking below the uptrend will be invalid. Gold's price breaking below $1760, our downside first target is $1750/1745. after breaking below $1745, our final target is the $1725/1720 price zone.
TVC:GOLD
by Gold_Trading_Expert
2
Gold Long Opportunity Hi Traders, Over the last few weeks we have seen gold decline after hitting strong resistance/supply at around 1830, following FOMC minutes, which was less a than anticipated result, gold spiked to find some liquidity around 1787 and crashed again finding support around 1737 area and resting the week on a weekly support around 1750. We find that gold has had a healthy correction to the 61.8% fibonacci retracement from the low of 1676 to 1830, correcting to 1737. This price action forms an ABCD pattern with a 61.8% retracement - common for the start of wave 2 of an impulse wave and C in an ABCD pattern . We would look for an extension to 1895 for the complete ABCD pattern where AB = CD. However, we have strong resistance / supply around 1833 which could stop gold , with the recent news of the USD not doing so well under COVID pressure this could be the start of the next covid economic wave, hence the FED not tapering in the recent FOMC meeting. There is also a falling wedge forming on the 4H chart as shown in the above with a strong bullish divergence on the RSI . We are also forming a right shoulder on the daily chart - a break of 1833 neckline could see 1850 - 1900 quite easily. I personally feel we might dip a little to test 1740-42 again before starting the run to 1830 and more possibly. With this being said gold is looking bullish fundamentally but is still in a somewhat downtrend with a lot of selling pressure technically. I believe that despite this we could have a change of hands around this area given the fundamental news of late. Please trade with caution. This is not financial advice.
OANDA:XAUUSDLong
by Username_for_trading
6
GOLD FUNDAMENTAL ANALYSIS LONG TERMWhy GOLD is bearish A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks. The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier. Long Forcast In December GOLD futures were finding support inside a key of technical area at $1757.40 to $1738.60. Due to sell-off in the stock market and weaker Treasury yields they could offer some relief so that then can beat-up asset which was fallen nearly $100 since September 3. However, they expected that the selling could be resume once the smoke would clear. In order to have a major rally in gold, the central banks would have to pumped more liquidity into the financial markets, but that is not likely unless there should be 5-10% correction in the stock market. Although such a move is on the central bankers hand and most were worried about withdrawing stimulus from their economies than putting liquidity back in. A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways benefitting from this. Liquidity is a major factor and gold isn’t as liquid as the three other safe-havens. Gold appears to be taking on more of a hedging role today. Traders may be buying gold as a hedge against a further decline in stocks. The primary cause of the market turmoil on Monday is a steep drop in stocks in Hong Kong with shares of embattled Chinese developer China Evergrande Group to blame for the move. Hong Kong’s Hang Seng Index dropped 3.3% to close at 23,099.14. Shares of China Evergrande Group in the city plummeted 10.24%, after failing as much as 17% earlier. Follow for future updates
TVC:GOLDLong
by ProTradingPoint
Gold Price Forecast: FOMC is major market mover for next week.Gold prices continued their downward trend on Friday, with XAU/USD trading down 1.87%. The sell-off takes price into a critical support pivot, and we're looking for possible inflection off this threshold in the days ahead, as there is an update from The Federal Reserve next week about interest rates that you need to know. Look back at my analysis, I had mention gold will drop, and that happened. Firstly, I collect fundamental data, and then I research the fundamental conditions of USD and Gold. Secondly, I use price action analysis for reading charts. Finally, I combined the fundamental and pure price action analysis. Fundamentals across different asset classes like precious metals where demand has been growing. Due primarily driven by new investors entering equity markets (which can lead people who want diversification away from risky assets) while also providing additional safety protection given recent political events abroad. What Happened Last Week? Last week one of the FED members delivered a hawkish statement. The U.S bonds also rose. If us bonds rise, the standard theory is gold will drop. Even, technically gold sucked below the descending trend line. These are some issues that happened last week. As a result, gold dropped. But they are not much important from my view that gold dropped last Thursday. The market is expecting a hawkish statement that will help in the next week. As a result, the market was priced in that issue. It is one of the biggest reasons that gold dropped. Next week's market mover data: September is a busy time for event risk. Next week will undoubtedly bring its fair share. The data releases are sure to see reduced importance as we wait with bated breath to hear what Fed Chair Jerome Powell has in store at his press conference on Wednesday morning. On Monday, September 20th, NAHB's House Index comes out. It gives insight into how our housing market is doing overall. On Tuesday morning brings two reports: Building permits report, which shows construction activity over time. Existing home sales report every week so you can see if there was any change when it came down. On Wednesday has Powell's press conference scheduled alongside more detail about what he plans on staying at The US Chicago Fed national activity index, weekly jobless claims figures, and the September Markit manufacturing PMI (flash) are all due on Thursday. On Friday this month, we have new home sales, which will be released by the Census Bureau as well. Federal Reserve Chair Powell is scheduled to deliver a speech at an event in New York City called "The Future of Work. Suppose the FED delivers a hawkish statement in the next week during FOMC. I think gold will test 1680/1685 very soon. So, during FOMC, there is a good chance to trade gold. Technical View: From the present rate, 1745/1750 is a strong support zone. If the market breaks below the 1750 zone, our next downward target is the 1725/1720 price zone. From the 1720/25 price zone, we may see a correction to the upside. But if FED delivers a powerful hawkish statement. The market may drop below the 1720 price zone. But I think that won't happen. The U.S. economy is not such strong that it will deliver very positive comments. So, don't expect much. Even some significant economic reports also came negative. However, if FED disappoints investors and delivers a dovish statement market may test the 1780 price zone again. Breaking above 1780 will open the door for the 1800.00 price zone. From the present condition and chart says, 1800/1810 is an extreme resistance. But in case if the market can break above 1810, there is no doubt that the market will test the 1830/1833 price zone again. At least for the next week. If not, something happens unexpectedly. I don't think the market will be able to break above 1830.
TVC:GOLD
by Gold_Trading_Expert
3
Gold Price Analysis Ahead Of NFPFundamental View The USD dropped against gold last Wednesday after the ADP report released a negative than expected. U.S bonds also dropped after the report came. Fortunately, the USD was saved on Wednesday for the ISM manufacturing report. ISM printed positive than forecast. U.S bonds and gold have opposite co-relation. if bonds rise safe heaven gold usually drops, and if bonds fall gold usually rises. U.S. bonds have an opposite co-relation with USD/JPY as well, especially 10 years bonds. Anyhow, today there are some high-voltage reports that will publish. Upcoming Reports 1. NFP 2. Average Hourly Earnings 3. Unemployment Rate 4. ISM Services PMI In my previous article, I did mention ADP report follows NFP most of the time. So, most probably NFP report is going to fall today. In August, ADP reported an increase of 326K jobs, far less than the 943K increase in non-farm payrolls that month. If NFP follows ADP lower in a meaningful way, the USD could fall quickly against Gold because investors will start to consider a further delay to tapering (that I mention in my last article). In light of the ADP report, it will be difficult for the dollar to rally before Friday’s non-farm payrolls report. But there is an alternative scenario as well though it is not strong we have to consider it. Wednesday's ISM manufacturing report was printed positive and yesterday's unemployment claims also dropped. that is a good sign of positive unemployment rates. So, the USD may not fall as we are expecting. In my view, after releasing NFP gold will go up first nearly 1830 and will drop again nearly 1800 price zone. i don't know the future but from my long time experience, I have seen these scenarios many times. Technical View From the present rate, immediate support is identifying at the 1800 price zone. If NFP rise and gold stable breaking below 1800 will open the door for the 1790 price zone and finally, the downside target is the 1880 price zone. On the other hand, if NFP drop, our immediate target is 1830/35 price zone. after breaking above 1835 our final target is 1850/1855 price zone.
TVC:GOLD
by Gold_Trading_Expert
2