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The Gold price update for the coming weekend includes importantGold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023. Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some bullish. The major levels were also marked on the chart with their possible rejections. Buying zone 1906 to 1896 but if we will find some market structure changes indications like rejection in H1, M30 and Confirmations in M30, H1 also. The major zones are: 1- 1918.90 2- 1924.88 3- 1931.31 4- 1947.88 You will open buy positions, and your take profit will be at these levels in the short term. Selling zone was also the major zone marked above if market will give some indications. The marked levels were also the resistance levels in the H4 time frame. The possible trading setup is as follows: Entry Point: 1906-1894 Stop Loss: 1890 Take Profit1: 1918 Take Profit2: 1931 The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
OANDA:XAUUSDLong
by Bloom_Forex_Official
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
TVC:GOLDLong
by ForexPlanet20
Gold Long : Xasuusd long Gold has historically been considered a safe-haven asset and is widely used as a hedge against economic uncertainties and inflation. A bullish reversal play in the gold market suggests that the recent downtrend may be coming to an end, and there is potential for a price reversal to the upside. As of the current date, the analysis will take into account the events and factors up to September 2021. Keep in mind that the gold market can be influenced by a wide range of factors, including geopolitical events, macroeconomic indicators, interest rates, and currency movements. Here are some key factors to consider when evaluating a bullish reversal play for gold: Technical Analysis: One way to identify a potential bullish reversal in the gold market is through technical analysis. Traders often use chart patterns, moving averages, and trendlines to analyze historical price data and identify potential turning points. Common bullish reversal patterns include the "double bottom" and "head and shoulders bottom" formations. If these patterns are identified on the gold price chart, it could indicate that a reversal in the downtrend is likely. Macroeconomic Indicators: Macroeconomic indicators, such as inflation rates, GDP growth, and central bank policies, can significantly impact the demand for gold. During periods of economic uncertainty or high inflation, investors tend to flock to safe-haven assets like gold. If there are indications of slowing economic growth or rising inflation, it may fuel demand for gold, leading to a potential bullish reversal. Geopolitical Tensions: Gold prices are also influenced by geopolitical events and global uncertainties. Geopolitical tensions, trade disputes, or conflicts can create an environment of risk aversion, driving investors towards gold as a safe asset. Any escalation in such events can act as a catalyst for a bullish reversal in the gold market. Interest Rates and Monetary Policy: Interest rates set by central banks play a crucial role in determining the opportunity cost of holding gold. When interest rates are low or negative, gold becomes more attractive as it does not offer a yield, making it more competitive against interest-bearing assets. Any indications of accommodative monetary policy or a shift in central bank stance towards a dovish outlook can potentially support a bullish reversal in the gold market. Currency Movements: The value of gold is typically denominated in US dollars, and therefore, movements in the US dollar can have a significant impact on gold prices. A weaker US dollar tends to boost gold prices as it becomes cheaper for holders of other currencies. If there are indications of a weakening US dollar, it could contribute to a bullish reversal for gold. Conclusion: A bullish reversal play for gold involves the expectation that the recent downtrend in gold prices may be ending, and the market may experience an upward price movement. Traders and investors need to consider a combination of technical analysis, macroeconomic indicators, geopolitical events, interest rates, and currency movements to assess the potential for a bullish reversal. However, it is essential to recognize that the gold market is subject to various unpredictable factors, and any investment decisions should be made with proper risk management strategies in place. Additionally, it is advisable to stay up-to-date with the latest news and developments as new events can quickly change the market dynamics.
OANDA:XAUUSDLong
by realtrademaster
Latest gold trading signals Gold fell slightly today and is now around 1916, as Fed officials' speeches weighed on Fed rate cut expectations, and the dollar index rose, suppressing gold prices, but the continued weakening of U.S. Treasury yields also provided support to the gold market, and there was still some wait-and-see sentiment ahead of the release of the US CPI data for July. Overall, the short-term focus on 1910 and 1902 support, if it cannot be broken, gold may rebound and rise, it should be noted that when the market volatility is relatively large, choose the right position to reduce trading risks Gold personal trading strategy xauusd:@buy1902-1907 tp1920-1925 Join me for more free accurate trading signals
FX:XAUUSDLong
by UnknownUnicorn58713786
Gold short-term is still shortwww.tradingview.com Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
FXOPEN:XAUUSDShort
by Richard-Wagner