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Gold pullback idea, will it rebound to 1920? Hello traders, previously, I had recommended selling Gold at the 1940-1950 level. As expected, Gold fell heavily after FOMCH which I already predicted. 📌Currently, the price of Gold is around 1875 level. 📌Yesterday, the bearish impulse was so strong that buying Gold looks very risky now. 📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level at 1870-1875 holds and multiple bullish candlesticks form at this level, then we can consider buy Gold with a tight SL and TP at 1900, 1920.
OANDA:XAUUSD
by MarcellusLUX
13
XAUUSD: 28/9 Today’s Trading StrategyOn September 28, the gold market started to fluctuate. It will take some time to digest the large movements yesterday. Gold is currently trading at around 1876. The price of gold fell again on Wednesday and fell for the third consecutive trading day. It fell below 1880 for the first time since March 13. The intensity has further increased. Although it has fallen beyond the lower track, there is a certain demand for a technical recovery. However, the indicators in the attached picture still show no signs of weakening short positions, which implies that there is still room and strength to continue to decline in the market outlook. The trend will rely on the lower Bollinger Bands or the resistance of the 5-day moving average for high-altitude entry, waiting for the weekly target to be reached. The current high of 1950 has clearly peaked. This impact has led to a negative decline in 1947, laying the foundation for the Air Force's downward trend. The Federal Reserve's interest rate hike expectations are even more hawkish, and the fundamentals are overwhelming the bulls. The daily line also surges higher and then retreats, and the volume continues to decline, and the MA5-MA10 moving average crosses over. The weekly line is also repeatedly under pressure at the Bollinger Track and enters a volatile downward stage. Yesterday, the technical side of gold opened and saw the day's high of 1903. The line continued to come under pressure and fluctuated downwards. The European market further accelerated downwards and penetrated 1890 and continued to weaken. The US market accelerated downwards and penetrated the 1880 integer mark and continued to fall back to 1872. Weak closing, the daily K-line fell back and broke the bottom, and the overall price hit a new low for the year. It can be seen that the rebound was very little, and there was no chance for a rebound. The golden four-hour line continued to have a negative line downwards, and the last two days have all closed with a negative line. , directly breaks through the support level, from 1910 to 1900 and then to 1890, each support level is passed directly in one step. This is the strength of the short position, and trading with the trend is inevitable. So for today's operation, just take advantage of the trend and go short. We will not consider long orders for the time being. If the upper limit touches near 1882, we will directly go short. The stop loss is still 7 US dollars, and the target is 1865.
OANDA:XAUUSDShort
by ActuaryJ
Gold continues to struggleOn Wednesdy gold slumped below $1,900 per ounce to hit its lowest level since March this year. Some analysts blame the dollar for this, pointing out that gold is negatively correlated with the US dollar. In fact, while this can be the case, there are plenty of times in history when the two have risen together, fallen together or completely ignored each other. It’s best to treat the two separately when it comes to trading. The big question now is whether gold will continue to slide or find support and manage to recover? The precious metals complex, which includes silver, ETFs and individual mining stocks, is in the doldrums, but also looking fairly oversold. That means nothing on its own, as markets can remain 'oversold' or 'overbought' for much longer than most of us would deem reasonable. But the bears should probably be a bit cautious now with the down-trend in gold being around 5 months' old. The chart suggests that there could be some more downside, although the area around $1,800 could offer significant support, were we to get there. But in terms of recent swings, bear in mind that last November gold was trading around $1,630 yet 6 months later it hit an all-time high above $2,080.
TVC:GOLD
by TradeNation
Xauusd - 15Min Analysis Counter trend trade : Slight correction expected after a beautiful drop in Gold yesterday, Possible to hit the previous lowest low on the daily or 4Hr timeframe (marked with a simple line for possible rejection) or price could easily break the current lower low (might occur just before 14:30 sast - news - normally 30 min before news) This is Biased in my belief that a small correction occurs after a big drop or rally This correctional move setup is for a temporary buy - very risky - hoping to make some cents, awaiting my next trend trade sell setup around the same area expected to reject price (previous daily lowest low or the previous 15 min OB before the drop - there’s two I see so the closest to current price. NB!: this is a down trend and this is simply a test of theory that I’m taking - simply trade with the trend and note this is not advice.
PEPPERSTONE:XAUUSDLong
by codexd
1
GOLD 4H (Pivot Price: 1877)GOLD The gold price has shown a secondary and narrow trading since the morning, settling around the 1877 level, and therefore, no change in the expected bearish trend scenario for today, Stabilized above 1877 would help the price reach 1885 , 1893 , and 10902 For whatever reason if the price drops and stabilizes below 1877 it will be under selling pressure again to reach 1870, 1865 and 1860 Pivot Price: 1877 Defense prices: 1885, 1893 and Support prices: 1870 & 1865 & 1860 Duration: 4H
TVC:GOLD
by Evar_Mayi
Gold Moving Average AnalysisAlthough I have shared a lot of analysis for gold these days, long-term investors actually do not need that much and complicated analysis. By using only two moving averages, we can have an insight into long-term gold investments. Gold has moved along these two moving averages since the 1970s. Here, I have shown arrows where the averages are used as support and resistance for a better understanding of the situation. Gold, which is currently priced around $1917, can be expected to drop as low as $1852. This decline will not mean an entry into the bear market for gold. Weekly closings below this level are considered bear markets. But since history, this moving average has always been decisive. (Weekly EMA 85) Around this level will be a buying opportunity for gold. In the case of an uptrend, an ascending triangle breakout seems possible. In bear scenarios that lasted for about 5 years, gold always remained above 350 RMA per week. This is a big indicator that gold is always rising in the long run. It fell below this level only between 1997 and 2002, but later recovered and rose above it. Therefore, it would not be wrong to take this level as a reference.
FX_IDC:XAUUSD
by YavuzAkbay
GOLD:Trading strategywwadingview.com Gold is once again the same as I predicted yesterday. Today, it finally tested the support of 1900. At present, the support of 1900 is very strong. If 1900 is tested again and rises, then it can be judged that the probability of rising increases. Because it is still a downward trend, we need to strictly observe the support of 1900. If 1900 falls below again, then gold may fall to near 1885. So now trading needs to strictly set the stop loss. Short-term fast trading Gold:buy1900-1902 TP1908-1912 SL:1898 Want to know how to trade?Like and subscribe.Follow me
OANDA:XAUUSDLong
by UnknownUnicorn60055110
Gold Falls 1% as Fed Supports Rising Dollar Introduction: In recent market developments, gold prices have experienced a significant 1% drop as the Federal Reserve's support for a rising dollar takes center stage. This shift has caught the attention of traders worldwide, prompting concerns and deliberations about potential short-term opportunities. In this article, we will delve into the factors contributing to this decline and explore why it might be an opportune moment for traders to consider shorting gold temporarily. Understanding the Fed's Impact: The Federal Reserve's stance on monetary policy plays a crucial role in shaping currency values and subsequently affecting the price of gold. As the Fed supports a rising dollar, it signals confidence in the US economy and its recovery, which often leads to a decline in gold prices. This inverse relationship stems from the fact that gold is often viewed as a safe-haven asset, inversely correlated with the strength of the dollar. Evaluating the Temporary Opportunity: Considering the current scenario, traders should approach the decline in gold prices with a cautious yet opportunistic mindset. While short-term fluctuations are common in the financial markets, this particular drop presents a unique opportunity for those looking to capitalize on the temporary dip in gold prices. Call-to-Action: Temporary Shorting of Gold With a concerned tone of voice, we encourage traders to consider the following actions: 1. Conduct Thorough Analysis: Before making any trading decision, it is essential to conduct a comprehensive analysis of the market, taking into account various factors such as economic indicators, geopolitical events, and the overall sentiment towards gold. 2. Set Clear Objectives: Define your short-term trading objectives and establish a clear exit strategy. Determine the desired profit targets and consider implementing stop-loss orders to mitigate potential risks. 3. Monitor Market Indicators: Stay updated with the latest market indicators, including economic data releases, central bank announcements, and any significant developments that may impact the value of gold or the dollar. 4. Utilize Risk Management Techniques: Implement sound risk management techniques, such as proper position sizing and diversification, to protect your portfolio from potential losses. Conclusion: While the decline in gold prices may be concerning, it also presents traders with a temporary opportunity to short gold. By carefully analyzing the market, setting clear objectives, and employing effective risk management techniques, traders can potentially capitalize on this dip. However, it is crucial to remain vigilant and adapt to changing market dynamics, as the volatility in gold prices can be influenced by multiple factors. Disclaimer: Trading involves risks, and the decision to short gold should be made after careful consideration of one's risk tolerance, financial situation, and market knowledge. It is advisable to consult with a financial advisor or professional before initiating any trading positions. Remember, seizing opportunities in the financial markets requires diligence, knowledge, and a calculated approach. Good luck with your trading endeavors!
OANDA:XAUUSD
by bryandowningqln
XAUUSD (Gold): 19/09/2023: 🔴Important sell zone🔴 As you can see price started an upward move after collecting the liquidity below 1903 and there was a liquidity pool above 1930 that was collected. Now price touches the important supply zone that can push price down. In this zone with a lower time frame confirmation, we can enter short and expect the price to go down at least till FVG. 💡Wait for the update! 🗓19/09/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:XAUUSDShort
by VahidTradingCR
1
XAUUSD:27/9 Today’s Trading StrategyWednesday: During the international prime Asian trading session, also boosted by the rebound from bottoming out overnight and the decline of the U.S. stock market, the decline stopped within a narrow range, but the fluctuations were limited, and there is still a risk of a short-term decline. Yesterday, gold once fell below 1900, the first low since August 23, and finally closed down 0.78% at 1900.74. After gold continued to decline in the previous trading day, it is currently temporarily supported at the 1900 mark. This is also the position where it was supported and rebounded in the last round of decline, but this time it will not be so lucky to rebound. After the market price touches this line, there is almost no rebound trend, but it continues to fluctuate around this line. It seems that the bulls have given up resistance, so it is only a matter of time before this position is broken. The correction pattern after a decline is nothing more than two situations, either a rebound correction or a sideways correction. After 1947 fell below 1915, there was a rebound from 1915 to 1930. This rebound is a rebound correction. Yesterday's shock around 1917 was a low-level sideways correction. Today's market is similar to yesterday's situation, which is also a low-level shock and sideways correction. After the sideways correction is completed, it will continue to move. fall. Yesterday was almost a unilateral decline. Gold rebounded weakly in the second half of the night. The highest in the early morning could only be around 1903.6, which shows that the market is extremely weak. In the short term today, it will continue to decline further. The next step may be to test the 1890 mark, so today's The operation is to follow the trend! SELL:1905-1908 SL:1912 TP:1901 TP2:1896 BUY:1887-1890 SL:1883 TP1:1895 TP2:1900
OANDA:XAUUSDShort
by ActuaryJ
Understanding the Debate: Bitcoin ETFs and Investor Protection Talking About Bitcoin Funds: People in the US are having a big talk about whether it's okay to have special funds that let regular folks invest in Bitcoin, like buying a piece of it without dealing with all the technical stuff. Worried About Protecting Investors: Some important folks in the government are concerned about making sure regular people who want to invest in Bitcoin are safe. They think these special funds (Bitcoin ETFs) might be a safer way to do it. Mysterious Court Decision: These important people mention a decision by a court, but they didn't explain it. It seems this court decision might be a reason why they want the special Bitcoin funds to be allowed faster. Still Not Sure: The decision about whether to allow one of these special Bitcoin funds, managed by Cathie Wood's Ark Invest, has been delayed until November. This shows that the rules for dealing with Bitcoin in the US are still not very clear. Why It Matters: The big talk and the decision in November will affect how regular people can put their money into Bitcoin. If these special funds get the green light, it might make it easier and safer for people to invest in Bitcoin. But the delay and the ongoing talk show that people in charge are still figuring out how to handle Bitcoin, which can affect how it's used and invested in the US.
BITSTAMP:BTCUSD
by Captain_Only
Understanding the Current Standstill in Cryptocurrency Markets aCryptocurrency Prices Aren't Moving: Cryptocurrency values, especially Bitcoin, have been staying about the same recently. When prices don't change much, fewer people want to buy or sell them. Less Buying and Selling: People aren't trading as much on big cryptocurrency websites like Coinbase and Binance. That means they're not buying or selling as many cryptocurrencies as they used to. Companies Are Feeling It: Some businesses that help with cryptocurrency trading are doing less business in the United States because there's not as much trading happening. Trouble for People Who Invest: When fewer people are trading, it can be tough to buy or sell cryptocurrencies at a fair price. This can cause problems for people who invest in them. Investments in Cryptocurrency Companies Are Down: Less money is being put into cryptocurrency companies compared to companies that work on AI and machine learning. This shows that investors are more interested in AI right now. Hope for the Future: There's a chance that good things could happen in the future, like getting approval for a Bitcoin investment fund and an event that could make Bitcoin worth more. But there are also problems to deal with, like rules and legal issues. People Are Still Positive: Even with these challenges, many people still believe in the future of cryptocurrency. They think it's important for regular people to get involved again to make the cryptocurrency market better. To sum it up, cryptocurrency prices are staying the same, which makes people trade less. This affects companies and investors. More interest is going toward AI, but there's hope for cryptocurrencies with possible future changes. Despite difficulties, people are optimistic about cryptocurrency's future.
BITSTAMP:BTCUSD
by Captain_Only
39
Gold outlook with DXY confirmationGold took liquidity resting at 1913 got rejected in the demand zone at 1910 where Price got a big momentum to the upside and this has given the impression that a reversal is inbound for Gold Using the Fib retracement tool we can see that GOLD got rejected at the 78.6% line which is a strong reversal level for Price when starting out a new wave DXY is also showing signs of weakness and if the daily candle for DXY closes as a bearish candle, then our bullish move on GOLD is confirmed This is not an advise to buy yet but an impression as we are waiting on DXY if it would close on today's candle bearish.
TVC:GOLD
by owlswift_fx