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Goldtechnicalanalysis

GOLD FED NEWS DECISION PENDINGYesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed. Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for FED meeting confirmation on further price action. There will be two scenario In CASE 1 If price goes to the above 1782-85, then the level to look out for is 1810. In CASE 2 If price goes to the above 1772-69 as strong support, then the level to look out for is 1735 and low. AGAIN I RECOMMEND you to take action after FED news and best entry position would be below 1770. FOLLOW for future UPDATES, Like and Comment
TVC:GOLD
by ProTradingPoint
GOLD on it’s way to 1735As per yeaterday analysis GOLD is moving perfect on it’s way to 1735. Currently price action is very slow as GOLD trend is sideways, it will take aggressive move in the middle of this week. 1750 is point where market can be judged. Price above 1750 is a potential reversal zone and if it’s down then bearish. But here it’s sideway between 1772 and 1745. Now at present price is trading below the 9 periods EMA and 21 periods EMA as an indication of bearish market. The Relative Strength Index period 14 is at 30 levels with the signal line pointing Buy signal. Manage your risk and trade at current situation. Make sure to check out our analysis tomorrow and on Wednesday when we will share our longer term view on GOLD.
TVC:GOLD
by ProTradingPoint
GOLD analysis next target 1735 Gold is in downtrend zone, went top high and formed double top showing a bearish signal as it was unable to hold and break above 1834. Now gold is moving between 1772 and 1748, according to fibb of this month 0.382 our next target is 1735. You can open a short position once it breaks below the 16th sep low i.e 1748. It will take hard time to break that level till that you open short at high between this range. It will sure come down Analysis based on price action on daily basis. Cheers and just chill till it breaks for short position. Follow, like and comment down
TVC:GOLD
by ProTradingPoint
GOLD Update !! Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have just Completed an "M" formation and we already started the new impulse to the downside. We expect the price to retest the neckline before the continuation to the downside. Weekly : We do have an "M" formation as well and we want to see a retest of the neckline before a potential continuation to the downside. Daily : We have a "M" formation and we want to retest the neckline which is a very strong level of support that was broken during the previous week and it will act as a resistance now and magnet for short positions. COT : Institution have been shorting GOLD massively since they added closed more than 30000 long positions and added close to 12000 short position during the last Month and previous reports. We also looking at a bullish DXY since institutions have been adding long on the $ index during the previous weeks. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
OANDA:XAUUSD
by TheDayzen
Gold : 1785-1800 psychological resistance level test is likely Spot gold is trading inside the hourly range 1765-1775 for the past two days indicating the investors are not yet ready to book the profit and also an upside break out to test the 1800 handle is highly likely . Investors will be looking for the FED Chair remarks later on today ,although there are fears in market regarding the virus threat escalation ,any hawkish comments from the FED chair will force the investors to book the profit hence force the yellow metal to test 1675 support medium term. Medium Term Trend : Bullish Resistance : 1725 & 1785 Support : 1675 Speculative Sentiment Index : 30/70 (Retail buyers/sellers ratio)
TVC:GOLDLong
by Alremeithi