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expected range until FOMC in tomorrow with 1929 key#GOLD. market trade slowly but heading up from last 3 4 session. now guys important area to watch in 1935 upside and downside 1922 if market trade in range until FOMC then am expecting this range. keep close middle line in between this range that is 1929 it will play key role in tomorrow, below 1929 next area will be 1922 cash the range until market trade inbetween these lines, either side will be very expensive in both ways, trade wisely good luck
FX:XAUUSD
by AdilHussain731333
Trade with gold 18/9The cryptocurrency market had a quiet week, but Stellar's XLM saw an 11% drop after a high-profile commercial featuring Idris Elba. Swan Bitcoin faced a hack, leading to suspicions about Ripple's acquisition of Fortress Trust. Binance CEO CZ made a $3 million donation to Moroccan users while facing SEC litigation, and Binance's U.S. CEO resigned. OneCoin co-founder was sentenced to 20 years for a $4 billion scam. Google Cloud partnered with LayerZero for transaction verification. SuperRare announced layoffs, but the overall crypto industry is positive with Visa supporting USDC on Solana and the London Stock Exchange using blockchain for tokenized financial assets.
FOREXCOM:XAUUSD
by Hinata_Sumi
50
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexPlanet20
USDJPY Going downAs we all know, the news that is coming this week is going to dictate how the market is going to play out. My chart analysis shows that Elliott wave from BC is almost complete. I predict that over the coming weeks/months the US dollar is going to sink, this was originally fueled by the news that Mike Burry has bet billions on the Nasdaq crashing. That would bring about a drop in the DXY, gold through the roof, and dollar pairs under your desk. The question is when? well, has Mike Burry gone too early again or is he on time this time. We will have to wait and see. Published 19th September 2023
Short
by Elite_Trading_Signals
GOLD's Resurgence: A Breakdown of Factors Shaping its Rebound...Gold's Resurgence: A Breakdown of Factors Shaping its Rebound Amid Fed's Pause and Positive Economic Data In a dynamic financial landscape, gold has once again seized the spotlight with a sharp and robust recovery. This resurgence in the price of gold (XAU/USD) is driven by a confluence of factors that have captured the attention of investors and analysts alike. In this comprehensive article, we delve into the intricacies of gold's impressive comeback, examining the key elements influencing its ascent in 2023. The Federal Reserve (Fed), long seen as the harbinger of monetary policy, plays a central role in this narrative. As expectations mount that the Fed will hit the pause button on its aggressive interest rate hiking cycle for the remainder of the year, gold has found renewed strength. This shift in the Fed's stance is underscored by a lack of economic indicators supporting further inflation risks, signaling a potential end to the policy-tightening spell. Additionally, the US Dollar, which recently reached a six-month high, is facing mounting pressure. Fears of a global economic slowdown are receding, and this shift in sentiment has contributed to the correction in the Greenback. Investors now perceive a reduced likelihood of further interest rate increases by the Fed, which has bolstered gold's appeal as an alternative investment. Notably, positive economic data has played a pivotal role in shaping these developments. US Retail Sales surged in August, with service stations reaping the benefits of rising gasoline prices. Despite these price increases, the impact on the overall Consumer Price Index (CPI) is expected to be limited. This has provided Fed policymakers with more room to consider keeping interest rates unchanged in the upcoming meeting. Furthermore, the global economic landscape received a boost of optimism with robust data from China. The National Bureau of Statistics (NBS) in China reported encouraging trends, instilling market confidence. China's Retail Sales grew by 4.6% year-on-year in August, surpassing expectations and indicating improvement over the previous month. Industrial Production in China also exceeded estimates, recording a growth rate of 4.5% in August, compared to July's 3.7% rise. In response to China's strong economic performance, the People's Bank of China (PBoC) took action by lowering the Reserve Requirement Ratio (RRR) by 25 basis points (bps). This move has further supported gold prices, adding to the positive sentiment. While the US Dollar has retreated from its recent high, the potential for a significant decline remains limited due to market participants' cautious approach to the Fed's hawkish stance. The anticipation of a more stringent monetary policy, potentially involving further interest rate hikes or tightening measures, has led to a more prudent approach to non-yield assets like gold. In conclusion, the recovery of gold is a multifaceted story influenced by the Fed's policy shift, positive economic data, and global economic dynamics. As monetary policy decisions and the Fed's communications continue to be focal points for market movements, gold's resurgence remains a compelling narrative to watch. Moreover, the forthcoming release of the US preliminary Michigan Consumer Sentiment Index will be closely monitored, providing further insights into market sentiment. "The anticipation of a more stringent monetary policy, potentially involving further interest rate hikes or tightening measures, has led to a more prudent approach to non-yield assets like gold." Our preference Above 1910.00 look for further upside with 1933.00 & 1940.00 as targets.
OANDA:XAUUSDLong
by FOREXN1
28
dollar interest rate and 1922, need your fully focus.#GOLD... market bounced in friday and now trade in range inbetween 1922 23 and 1928 around. keep in mind guys in current week USD interest rate and FOMC economy proujection, FOMC statement, FOMC interest rate and FOMC press conference on table, and technically we have only 1922 as supporting area, it can change the overall scnerio, keep focus on 1922 because if marekt break it then next area will be 1915 and then 1900, holding of this area mean upside we have again 1928, 1938 and 1942 trade wisely good luck
FX:XAUUSD
by AdilHussain731333
1
Gold: Rise continues with 1924 direct gains The gold hit 1930 again during the day. Although it pulled back after encountering resistance, the magnitude was not large, indicating that the upward trend continued and the bulls were strong! Continue to follow the trend in operation! The US market 1924 can be more direct! Judging from the trend, gold is still bullish. The current position of 1930 is the early consolidation pressure position. It is normal for the market to fluctuate and adjust at this position! At the same time, we are also waiting for the Federal Reserve’s interest rate decision in the early morning of Thursday! Gold is now treated as a shock, but it is a shock in the process of rising. The operation is naturally based on low and long! Therefore, relying on the support, we should continue to go long in the U.S. market, but we should not chase the rise after a new high. We should be short at the high position or wait for the fall to continue to go long! Gold 1924 long, stop loss 1918, target 1940
FX:XAUUSDLong
by Dylan-Jones
Gold Fall by 🗻Double Top Pattern🗻⏰(1-Hour)⏰🗻Gold seems to be completing the second top of the 🗻 Double Top Pattern 🗻 near the 🔴 Resistance zone($1,939.00-$1,932.00) 🔴 and the Important Downtrend line . 🌊According to the theory of Elliott waves , gold seems to have completed its 5 impulsive waves and is now forming Corrective Waves . 🔔I expect Gold to move towards the 🟢 Support zone 🟢 after breaking the Neckline of the Double Top pattern . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
42
XAUUSD:15/9 Today Gold Trading StrategySpot gold fluctuated and rose on Friday, currently around 1918. The gold price bottomed out overnight and rebounded. It once hit a nearly three-week low near the 1900 mark, and closed back up near the 1910 mark. Stimulated by the news yesterday, gold quickly fell back to around 1901 and then stopped rebounding. Under the pull of the big positive line At the time of the rise, the long and short positions did not reveal much of the trend. In the continuous falling market, the support below 1900 first stood firm, and this position will also be our key breakthrough point in the later period. Such a position If the support effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression port above remains near 1915. Since the 1915 position has been broken, let's further look at the 1920 position, which is also a key suppression area. , with the suppression of the short-term moving average during the day, it is very likely that there will be an effective breakthrough again. At present, when the gold bulls are pulling back, but there is no signal of strength, we can still try to go short and wait, and once it breaks through After reaching around 1920, we still need to adjust the trend in time. Otherwise, if the breakthrough fails, we will continue to call back and test the 1900 mark support. Let’s operate around the 1920-1900 range today! ​ ​​​​Gold operation strategy: SELL:1919~1923 TP1:1914 TP2:1910 BUY:1905-1908 TP1:1912 TP2:1918
OANDA:XAUUSD
by ActuaryJ
XAU/USD SELL IDEATHIS IS MY IDEA ENTER AT OWN RISK Looking at the weekly chart, gold has just entered its sell zone on the weekly chart TIGHT SL OF 1936 TP DOWN TO 1896 Gold wanting to make a new low on the weekly chart REASONS i BELIEVE ITS FURTHER SELLS: 1) GOLD IS STILL A DOWN TREND ON 4H, D, W 2)GOLD HAS RESET 4H RSI FROM 32% TO 64% GIVING IT MUCH MORE PUSHING POWER DOWN 3)GOLD HAS JUST HIT SELL ZONE BASED OFF D AND W DOWN TREND FOLLOW AT OWN RISK AND PLEASE BOOST IF YOU LIKE THIS INFO
FOREXCOM:XAUUSDShort
by DJSMORE
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexPlanet20