Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
What happened the last week? Gold is on a hot streak! Last week, the yellow metal saw some relief as it went up against the U.S. dollar and other currencies worldwide. As a result, the gold has ended its three-week decline. But will this temporary victory be more than just an illusion? With uncertainty surrounding global energy production brewing into what...
Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September. This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the...
Either gold will reverse right now and breakout or take support from the green trend line and then go to the red line and breakout. Reason: reason for gold to be bullish is the FED interest rate hike on March,22 which will create panic in the stock market and make commodities ( silver , gold ) bullish
Fundamental Analysis Gold is still holding its price above trendline support and below strong resistance at $1830/1832 price zone middle of trading today, Tuesday, January 18th, in the European session of the week, by about 0.20%, and is trading at levels of $ 1817 per ounce. Last week the USD was under pressure against all the major pairs. But at the beginning...
Gold broke through a critical resistance area today after reports on inflation and the value of money. We've watched this zone closely because it was tested four times in summer, with no success until now. Offers capped gold yesterday, but as fears rise about rising prices both governments want ($24 TBC) or need for survival (20 trillon$), investors are taking...
Gold made some massive bullish movement during the previous week, this movement was facilitated by the fundamentals underlying the USD either directly or indirectly (correlation effect). This week opens with a drag xauusd sluggishly dragging to the previous resistance around 1825-1828. This level has been proven to be a strong level following several reversal at...
This is a personal dilemma since I do not trade gold just gold mines :) Disclaimer: simply asking myself how we could see beginning of the 2021 and gold positioning in it so do not base your trading moves on this idea since I am a rookie and trying to only see how trends for gold will run next year... Feel free to leave a comment what you think will be the...
OANDA:XAUUSD XAUUSD 2021 Mar 29 Week Gold last week was uneventful. Not much trading opportunities as price rotated. Will prefer to just wait it out. Like & Follow if you find this useful. Have a profitable trading week.
Price made the bullish move as expected (see previous analysis below). My overall bias on gold is bearish still, so once gold meet resistance and form a bearish candlestick pattern I will enter a sell. Before:
US-CHINA trade tension and Trump's tariff on Canadian aluminum industry, helping safe-haven to rise. Gold already broke historical high. Even USD in pressure against all the major currencies. SO, fundamentally Gold is in buy position there is no doubt here. But, all the technical indicators and tools are suggesting Gold are in an overbought condition. We need to...
Potential bullish bounce pattern for Gold. The buy zone is set where the two resistances cross ($1551). Target levels are: $1559 $1562 Stop: $1548.7 Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties. Before buying or selling any stock you...
Currently Gold break above the 1480 very key level. We expect a huge upward move here now. We can easily see that 4h re-test pin bar for entry the trend market. However, if you miss that opportunity you can maybe wait for some 50EMA on 1h timeframe for a pullback to enter the trend market. Our first target is 1532.360 and the second target is 1598.2 Good Luck! If...
I was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator...
As I posted in my last "idea", I noted that given the virtual inevitably of monetary policy easing around the world and the race to the bottom for currency devaluation - beginning in this last quarter of 2019, and through 2020 (beginning with the United States) to drive the markets higher - Gold and Silver are set to rise. Before Gold reaches 1500 I am eyeing...