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XAUUSD: Tonight's news prediction!Fed inflation may hinder Gold bulls' approach to 1,972.4 The price of gold remains stable at its highest point in four weeks after a streak of four consecutive wins, while investors anticipate important information on inflation from both the US and Eurozone. It is worth noting that recent negative data from the US has caused worries about the Federal Reserve's change in policy direction and has supported an increase in the XAU/USD price.
OANDA:XAUUSDLong
by Sphyn-Trader
10
GOLD:Trading strategy Two hours ago, I predicted that all indicators are now overbought, and all I judge are very likely to fall. But it is still an upward trend, but it has fallen because it has risen too fast. Although the probability of falling in the short term is very high, it is still possible to buy on dips in the long run. Gold trading advice today: Gold:buy1932-1937 TP:1948-1952 Short-term fast trading Gold:sell1946-1950 TP:1935-1930 SL:1954 The possibility of falling is very high now, but you need to strictly set the stop loss to help you protect the security of your account. If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FX:XAUUSDShort
by UnknownUnicorn60055110
Gold (XAUUSD), to Short to 1935 Before a upside surge to 1954Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August. Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel. Price will continue to short by price action to the next significant support (1935) before a possible momentum build up to the 1963. If the 1935 fails to support the bears, the price could fall further to 1925.
OANDA:XAUUSDShort
by AbeikuGlobal_FX
1
What should I do if I hold a short order of gold?Gold has been quite cautious in the past two days. Except for the impact of ADP data, which pushed gold up to 1948, the fluctuation of gold at other times generally does not exceed $5. So why is gold so relatively cautious? I think gold is preparing for Friday's non-farm payrolls. Gold has been consolidating at a high level in the past two days, so gold was pushed up to above 1945 in advance, which is likely to leave room for the non-agricultural data market, so don’t look at the fact that gold has risen a lot in the past two days.But don't chase more gold easily during this time period. To be honest, I shorted gold around 1945 and 1948, and I still hold related short positions, just waiting for the falling price of gold to come at any time. If you still hold a short position in gold, please don't worry, remember to contact me. I will make a suitable trading plan for you. Let's take profits easy. I will make more detailed trading plans and trading signals based on the market every day, and achieve a profit target of at least $20K every week. There are also like-minded friends who want to achieve the profit target. You can follow the bottom of the article to master the wealth code and create your own wealth with me!
OANDA:XAUUSDLong
by AntonioWilson
2
Gold will go UP by Falling Wedge Pattern🚀🚀🚀Gold is moving near the 🟢 heavy support zone($1,903-$1,886) 🟢 and the 200_SMA(Daily) . 📚200_SMA(Daily)= Dynamic support📚 📚Heavy Support Zone($1,903-$1,886)= Static support📚 💡Also we can also see Regular Divergence (RD+) between successive valleys. 🌊In terms of Elliott wave theory , Gold completed the Double Three Correction structure(WXY) . at heavy support zone, as I expected✅. 🔔I expect that Gold will go UP at least to 🎯 first target 🎯 that I specified in my chart. Gold Analyze ( XAUUSD ), 4-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:XAUUSDLong
by pejman_zwin
32
Gold Price Soars to Near Month High on Weaker US Data!The gold price has recently skyrocketed to a near-month high thanks to weaker US economic data. It's time to celebrate and take advantage of this bullish trend! As you may already know, gold has always been a haven for investors during uncertain times. Gold has again proven its worth with the latest economic indicators signaling a weaker US economy. This surge in gold prices presents an excellent opportunity for those looking to long gold and capitalize on potential gains. So, why should you consider long gold? Here are a few compelling reasons: 1. Hedge against economic uncertainty: Gold has historically acted as a hedge during economic turbulence. The recent weaker US data makes it a perfect time to protect your portfolio from potential market volatility. 2. Diversify your investments: Adding gold to your portfolio can help diversify your holdings and reduce risk. As the saying goes, don't put all your eggs in one basket. Expanding your investment options with gold can provide stability and balance. 3. Potential for attractive returns: The recent surge in gold prices indicates a promising upward trend. You could reap attractive returns by seizing this opportunity to gold in the coming months. Now that you know the exciting prospects gold presents, it's time to take action! Here's how you can make the most of this golden opportunity: 1. Analyze the market: Dive into the latest market trends, technical indicators, and expert opinions to comprehensively understand the current gold market. Knowledge is power, and it will help you make informed decisions. 2. Set your trading strategy: Based on your analysis, devise a strategy that suits your risk appetite and investment goals. Consider entry and exit points, stop-loss levels, and potential profit targets. 3. Execute your trade: Once you've formulated your strategy, it's time to execute it. Keep a close eye on the market, monitor any news or events that may impact gold prices, and be prepared to adapt your strategy accordingly. Remember, trading is dynamic, and staying informed and flexible is essential. Keep track of market developments, consult reliable sources, and consider seeking advice from experienced professionals. Let's embrace this golden opportunity and make the most of the current market conditions. Long gold, diversify your portfolio and potentially reap the rewards of this bullish trend.
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by bryandowningqln
Gold Hits Record High Against Yen, Defies USD, So Sell JPY?I write to you today with concern and urgency as the gold market takes an unprecedented turn. In recent weeks, gold has reached record highs against the Japanese Yen (JPY), potentially defying the US Dollar (USD) dominance. This unexpected development calls for immediate attention and careful consideration, as it could have significant implications for traders like yourself. The Gold-Yen Relationship: For years, the USD has been the primary currency in which gold is priced and traded globally. However, the recent surge in gold's value against the JPY suggests a potential shift in the market dynamics. Historically, gold has been seen as a safe-haven asset during times of economic uncertainty, and its rise against the Yen may reflect growing concerns about the Japanese economy or geopolitical tensions in the region. Implications for Traders: As traders, it is crucial to recognize the potential impact of this gold-yen relationship on your portfolios. The weakening JPY could increase demand for gold, driving its price higher and potentially causing a ripple effect across various financial markets. Ignoring these warning signs could expose your investments to unnecessary risks. Short-Term Selling on JPY: Given these developments, I strongly urge you to consider a short-term selling strategy on the JPY. By taking advantage of the current gold-Yen dynamics, you can profit from the uptrend in gold prices against the Japanese currency. However, it is crucial to approach this strategy cautiously and seek advice from trusted financial advisors or experts. Seek Professional Guidance: Navigating the complexities of the financial markets requires expertise and careful analysis. Therefore, I encourage you to consult with professionals who can provide tailored advice based on your circumstances. They can help you devise a trading plan that aligns with your risk tolerance and investment goals, ensuring you make informed decisions. Conclusion: The record-breaking surge of gold against the Japanese Yen serves as a wake-up call for traders worldwide. By considering a short-term selling strategy on the JPY, you can potentially capitalize on the current market dynamics and safeguard your investments. However, always remember the importance of seeking professional guidance to ensure your actions align with your financial objectives. Take action now and stay ahead of the curve. The gold-Yen relationship demands your attention, and making informed decisions today will position you for success in the ever-evolving financial landscape.
Short
by bryandowningqln
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
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by ForexPlanet20
XAUUSD: 25/8 Gold Trading Strategy TodayYesterday​ the U.S. Department of Labor said initial claims for state unemployment benefits fell by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19. Economists polled by Reuters had expected 240,000 new claims in the latest week. The jobless benefits report may have also provided some support for the dollar on the day, but overall the gold market's reaction to the data was subdued. Yesterday the gold market fluctuated in a range. The market opened at 1916.2 in early trading. After that, the market first pulled up to 1922.9, and then the market quickly fell back. The Fibonacci pressure of 38.2 fell back in late trading, and the daily line finally closed at 1916.7. Afterwards, the market closed in the form of a long-line cross star with an upper shadow line slightly longer than the lower shadow line, and gold ushered in an adjustment. The trend of gold yesterday was relatively simple. During the day as a whole, it went down slowly on one side. After encountering support, it began to rebound and continued the trend of long positions. After hitting a high point, it went down again. Yinxian, the previous weak downward pattern has been completely broken, and Wednesday's big Yangxian just laid the foundation for this wave of upward movement. It has changed the previous weak form, and has now stabilized at 1900 points. It is expected that there will be further upward shocks . In the 4-hour chart, the market went up and down, and then returned to its original position after rushing up. It seemed strong, but it also seemed to be an illusion. To a certain extent, it will limit the upside of gold, and in terms of trend, it is currently in the stage of rebound correction. At the end of the week, it is very easy to close the whole week lower, so short-term trading is cautiously waiting. To sum up, a conclusion can be drawn: after the rise of gold, an adjustment pattern has been formed. At the top, focus on the 1922-26 resistance, and at the bottom, focus on the 1911-1907 support, to prevent the gold from turning short after an accidental break. ​​​​​​​​​​​​​​​​Gold Operation Strategy: Buy: 1909-1911 TP1:1915 TP2:1920 SELL:1922-1924 TP1:1917 TP2:1913
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by ActuaryJ
1
Gold Rallies as US Dollar DXY Declines As the US dollar DXY experiences a short-term decline, gold rallies are gaining momentum, presenting an extraordinary opportunity for those seeking to maximize their gains. This article aims to shed light on this exciting development and encourage you to take action by long-positioning in gold. The Golden Rally Unveiled: In recent weeks, gold has emerged as the ultimate safe-haven asset, shining brightly amidst the uncertainty and volatility of global markets. While the US dollar DXY index has experienced a decline, gold rallies have surged, defying expectations and capturing the attention of astute traders worldwide. The Declining US Dollar DXY: The US dollar DXY, which measures the greenback's value against a basket of major currencies, has been experiencing a notable decline. This decline can be attributed to various factors, including the Federal Reserve's commitment to maintaining -interest rate hike potential, concerns over the US economy's recovery, and geopolitical tensions. The Perfect Storm for Gold: As the US dollar DXY weakens, the price of gold has become increasingly attractive to investors seeking a haven from market turbulence. Historically, gold has proven its resilience during economic uncertainty, and the current rally is no exception. Market experts predict this upward trend in gold prices will continue, making it an ideal time to capitalize on this golden opportunity. Why Long Gold Now? 1. Diversification and Hedging: By incorporating gold into your portfolio, you can diversify your investments and protect yourself against potential market downturns. Gold has a long-standing reputation as a reliable hedge against inflation and economic instability. 2. Technical Indicators Pointing Upwards: Technical analysis reveals bullish solid signals for gold, with indicators such as moving averages, MACD, and RSI all pointing towards further price appreciation. This provides a solid foundation for long positions. 3. Global Economic Uncertainty: With geopolitical tensions, trade disputes, and the ongoing COVID-19 pandemic, the global economic landscape remains uncertain. Gold's intrinsic value and limited supply make it an attractive asset during times of crisis. Take Action - Long Gold Today! Now that you know about gold's remarkable rally amidst the declining US dollar DXY, it's time to seize the moment and take action. Don't miss out on the potential gains in the gold market. Here's your call to action: Open your trading platform, analyze the charts, and consider establishing a long position in gold. Stay informed about market news and updates to ensure you make informed decisions and maximize your profits. Remember, the key to successful trading is staying ahead of the curve and capitalizing on opportunities when they arise. The gold rally is happening now - don't let this golden opportunity slip through your fingers! Conclusion: The convergence of a declining US dollar DXY and a surging gold rally presents an exhilarating prospect for traders seeking to maximize their gains. By long-positioning in gold, you can diversify your portfolio, protect against market volatility, and potentially reap substantial profits. So, fellow traders, embrace the excitement, seize the opportunity, and long gold today!
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by bryandowningqln
Decoding Gold's Trends: A Deep Dive into XAUUSD AnalysisDear Traders, I am initiating a new idea for Gold (XAUUSD) and in this analysis, I will cover the period from October 1st, 2022, up to today, August 19th, 2023. On the 1-day timeframe, if we apply an anchored volume profile to the entire period, a significant observation emerges: the price consistently gravitates around the Point of Control (POC) at $1957. Moreover, considering the highest resistance at $2037: 2037 - 1957 = 80 1957 - 80 = 1877 Thus, a reaction is likely between the range of $1888 to $1877. I will take this into account when delving into the 4-hour timeframe analysis. However, the question of the final target on the daily chart necessitates an extension of the anchored volume profile's timeframe, encompassing the sideways wave that began in August 2020, ranging from $1800 to $1820. I will update the analysis once this level is reached. Shifting to the 4-hour timeframe, with an anchored volume profile set from July 19th, 2023, at $1980, we observe a Point of Control (POC) at $1934. 1980 - 1935 = 45 1935 + 45 = 1980 Hence, a reaction can be anticipated within the range of $1880 to $1890, extending to $1935. For trading purposes, a buy position can be considered within this range, targeting $1935, with a stop-loss order set to close 1 day below $1875. The estimated date to achieve the target is September 4th. I will diligently monitor and manage this trade, providing daily updates as necessary.
FX:XAUUSDLong
by Eymen-GUVEN
3
Consecutive gold trading victoriesSo far, gold has maintained a consolidation around 1921. Judging from the current trend, gold is still biased towards a bullish trend structure. If it is said that gold was limited by the resistance near 1925, at present, this suppressive force has completely disappeared. Therefore, in terms of trading, we still insist on doing long gold at low positions, focusing on the support in the 1910-1908 area below and the resistance in the 1934-1936 area above. I make more detailed trading plans and trading signals based on the market every day, and achieve a weekly profit target of at least $20K. If you want to make continuous and stable profits, you can follow the bottom of the article to master the wealth code and create your own wealth with me!
OANDA:XAUUSDLong
by AntonioWilson
🥇Gold🥇 is ready to ⚔️Attack⚔️ the 🔴Resistance Zone🔴🔨 Gold started to rise after breaking the descending channel from the 🟢 heavy support zone($1,903-$1,886) 🟢. 🌊According to the theory of Elliott waves , gold managed to complete wave 5 and is currently completing wave 4. 🔔I expect wave 4 to end in the 🟡 Price Reversal Zone(PRZ) 🟡 and gold to start rising again (the 🎯 target 🎯 of wave 5 could be in the area I marked on the chart). 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:XAUUSDLong
by pejman_zwin
28
Gold buyGold was moving in downtrend earlier but now gold has change its direction in daily timeframe and moving upwards now as in confluance daily trendline is being touched on 1940 level and trying to reach its level of 1932 and then rally towards 1946 level of resistance 2nd confluance is fibo level which is showing us that price is hovering around 38.2% level and will move towards 50% level which is around 1933 level and 68% level of resistance which is around 1946 level so we will buying this commodity Also we have to take care about our position as there are two high impact news are expected today
OANDA:XAUUSDLong
by Wakeel_Saab