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GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2014 and resistance 2022 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2022 for a immediate bullish target and 2014, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2014 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2022 Goldturn. A cross and lock above 2022 will open the range above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2022 EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2033 EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2014 EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX Mr Gold
OANDA:XAUUSD
by Goldviewfx
8
GOLD Day Analysis | Sell SetupHello Traders, here is the full analysis. GOLD sell pullback, GOLD is in the descending channel, making lower lows lower closes. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
5
Gold 2023 Current Price SellThe fluctuations in gold's initial jobless claims data yesterday were very average. The data could not directly change the direction of gold prices. Gold has not yet come out of the volatile range. In addition, the gold price is currently close to last night's high pressure level of 2025. Considering that the gold price will still remain unchanged in the future. The volatile trend will continue, so I think we can sell it directly in 2023! Technically, the current one-hour K-line has pierced the pressure of the moving average, but it is not enough to directly break through and stand firm. The moving average currently shows a dead cross and diverges downwards. Technically, it shows a bearish trend. We will look at the short-selling targets first. Support 2010 towards last night's low! Gold 2023Sell, stop loss 2031, target 2010 Good luck to everyone
OANDA:XAUUSDShort
by Golden-Strategy-Master
XAUUSD: 25/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2025, support below is 2012-2000 Operational suggestions: Yesterday, gold hit the lowest level of 2012, a small support. Analyzing from today's daily line, above gold, we focus on the 2025-2032 first-line suppression, and below, we focus on the 2000 first-line support, and we still focus on rebound short selling. sell:near 2032 sell:near 2025
OANDA:XAUUSD
by ActuaryJ
Continue to wait for the rebound to 2038Sell2038 is the key resistance level, which has been fully verified in the previous two high Sell signals. Yesterday we chose this position to sell again. Although it did not reach the target price of 2020, the lowest price reached 2022. The profit margin is very good. Today is no exception. I will continue to choose to sell in this position. In short, we will participate if we have the opportunity. If we are not given the opportunity, we should not be anxious. Only make deterministic profit signals and not uncertain loss signals. If you are not sure, it is better to give up and wait for better opportunities rather than blindly participate. Trading strategy: Gold 2038Sell, stop loss 2044, target 2020 Good luck to everyone
OANDA:XAUUSDShort
by Golden-Strategy-Master
Gold rally unlikely after strong US GDP data? Gold rally unlikely after strong US GDP data? The United States revealed a 3.3% annualized GDP for the three months ending in December earlier today, surpassing the market's 2.0% forecast. The likelihood of an early-year Fed rate cut seems to have diminished even further now, helping curb weakness in the dollar. Given these market conditions, does a rally in gold appear improbable in the short to medium term? Examining the XAU/USD daily chart, the risk might remain tilted towards the downside. The bearish 20 SMA maintains its negative slope above the current price, while the longer moving averages are significantly below the present level. On the 8-hour chart, gold encountered intraday pressure around the 20 SMA. Concurrently, technical indicators are on a downward trajectory within negative levels, suggesting a potential decline to $2,010, or even lower lows around $2,001.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD: 24/1 Today’s Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2020-2000 One-hour pressure is 2032, support below is 2012-2000 Operational advice: The market has been fluctuating within a narrow range for nearly a week. The current upward pressure continues to focus on the 2032 and 2040 daily line pressure. Continue shorting on today's rebound, with the target around 2012-2000-1980. SELL:near 2040 SELL:near 2032 SELL:near 2020 BUY: near 2000 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
Gold 2038 encounters obstacles again and continues to sellJudging from the current daily level, the short-term trend is still bearish, and the upper part is obviously suppressed by the downward trend line! Yesterday's trend closed negative and fell below the previous day's K-line! In the one-hour trend, the price of gold also showed a volatile downward trend. The theme of the day is still shorting. It will rebound to the inflection point pressure level near 2038 before continuing to short! The gold price reversed twice yesterday and reached the pressure level near 2029, but it was unable to break through and stabilize. Both times it reached the price ended in decline! The current one-hour chart continues to maintain a weak and volatile pattern, with the highs moving downwards and the lows also constantly setting new lows. From a technical perspective, the trend is still bearish. Considering that there is no stimulation from major news, the operation needs to Use the idea of ​​a shock and decline to treat it, wait for the counter-draw to reach around 2038 during the day and continue to short, the target below will continue to look towards 2020! Trading strategy: Gold 2038Sel, stop loss 2045, target 2020
OANDA:XAUUSDShort
by Golden-Strategy-Master
2
XAUUSD:23/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2032, support below is 2012-2000 ✅Operational suggestions: At present, the top is paying attention to the first-line pressure of the 2032 mark, and its daily pressure of the 2040 mark. Today, it will rebound and continue to short, with a target near 2000-1980-1966. If the market reverses and breaks through 2053, the trend will turn to bullish. SELL:near 2040 SELL:near 2032 SELL:near 2020 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD:19/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 The four-hour pressure is 2032, and the lower support is 2000-1980 One-hour pressure is 2032, support below is 2012-2000 Operational suggestions: Judging from the daily analysis, today's upper resistance continues to focus on the vicinity of 2025-2032. Counterattacks during the day rely on this position to continue to be short and then look at the downward trend. The lower target continues to focus on breaking the bottom. The short-term short-term dividing line moves down to 2032, until the daily level breaks through and reaches this position, continue to maintain the priority short selling rhythm. SELL:near 2032 SELL:near 2000 BUY: around 2000
OANDA:XAUUSD
by ActuaryJ
Wait for the rise to 2038 before SellThe price of gold rose rapidly after the initial unemployment benefits announced last night. It is currently showing a continuous rebound trend in the short term. The daily level shows a closing pattern of Zhongyang line. However, the overall one-hour trend is still just a rebound and does not represent a reversal. , so we can wait for the rebound to the resistance point of 2038 before selling. 2038 is a key resistance level that has not been broken through many previous attacks, so I think there will be a reversal here, and the target can be the support level of 2020. Trading Strategy: Gold 2038Sell, Target 2020 Good luck to everyone
OANDA:XAUUSDShort
by Golden-Strategy-Master
3
XAUUSD:17/1 Today’s Market Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000 Four-hour pressure 2040, lower support 2020 One-hour pressure is 2032, support below is 2020-2000 ✅Operational advice: Yesterday, gold fell all the way and continued to weaken. Today we will first break through the 2,000 integer mark, then look below the 1966 mark, and go short on rallies. SELL:near 2030 SELL:near 2000 BUY: around 1966 (target this week) You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold price extends downside as Fed rate cut bets ease17 January 2024 •Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000. Technical Analysis: Gold price drops to near 50-day EMA Gold price continues its downside below $2,020 after Fed Waller's hawkish remarks about interest rates. The near-term demand for Gold is not bullish anymore as the price has dropped below the 20-day Exponential Moving Average (EMA), which trades around $2,036. The yellow metal has found interim support after sliding to near the 50-day EMA, which oscillates near $2,017. The 14-period Relative Strength Index (RSI) is declining towards 40.00, which could offer some cushion. However, a breakdown below the same will lead to the activation of bearish momentum. • Gold price falls sharply as Fed Waller maintains a higher for longer interest-rates narrative. • The last leg of high US inflation has turned out to be significantly stubborn. Guidance from three Fed policymakers and US Retail Sales data are due on Wednesday. Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has cast doubts about a rate cut by the central bank in the March meeting. Fed policymakers have been favoring interest rates to remain higher for longer, defying market expectations, amid a lack of confidence in inflation returning towards the 2% target in a timely and sustainable manner. The Consumer Price Index (CPI) data for December indicated that the last leg of high price pressures is quite challenging for Fed policymakers, likely due to steady labor market conditions and decent consumer spending momentum. A quick rate cut decision by the Fed can lead to persistence in inflationary pressures and dampen the work done to achieve price stability. Later in the day, the performance of the US Dollar, Treasury yields and bullions will be guided by the United States Retail Sales and Industrial Production data for December. The chances for the Fed cutting interest rates in March could ease further if the Retail Sales report comes in stronger than projected. Daily digest market movers: Gold price falls further ahead of US Retail Sales data •Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000. The downside bias to the gold price has strengthened as investors are uncertain about when the Federal Reserve could start discussing the timeframe for interest rate cuts. A hawkish commentary from Fed Governor Christopher Waller has raised doubts about whether the central bank will cut interest rates in March. Christopher Waller commented that the Fed should not rush to take interest rates down until it is ensured that inflation will return to the 2% target in a sustainable manner. Waller added that the Fed should proceed with rate cuts "methodically and carefully" to bail out the economy from an expected slowdown. He further added that resilience in the US economy could delay potential reductions in borrowing costs. Fed policymakers have become more determined to maintain a restrictive interest rate stance as the December inflation data turned out surprisingly stubborn. • After Waller's commentary, Investment banking firm Goldman Sachs said the Fed could cut rates somewhat later or might announce one cut each quarter from April. Meanwhile, bets supporting a rate cut by the Fed in March have dropped further. As per the CME Fedwatch tool, trades see a 61.4% chance for a 25-basis points (bps) interest rate cut in March, down from 70% at the start of the week. • The increase in the US Dollar Index (DXY) also weighed on the gold price. The USD Index has slightly corrected after posting a fresh monthly high above 103.50. •Further action in the US Dollar will be guided by the United States Retail Sales and Industrial Production data for December. • Investors have projected that Retail Sales increased by 0.4%, higher than the 0.3% rise in November. Industrial Production is seen stagnant after rising 0.2% in November. Apart from the US economic data, Fed's Beige Book and fresh outlook on interest rates from Fed speakers will be keenly watched. On Wednesday, Fed's Michael Barr, Michelle Bowman, and John Williams are due to speak. Fed policymakers are expected to endorse a restrictive monetary policy stance for a longer period than what is anticipated by market participants.
OANDA:XAUUSDShort
by sniper_2022
Gold falls back to support, buy bullishIn terms of the one-hour trend, the price of gold is currently back on support. In addition, the current trend of gold is still in a bullish trend. After the adjustment is in place within the day, it is expected to continue towards the high of 2063. From a technical point of view, yesterday's daily closing line was in a state of being wrapped up by the previous day, and the gold price showed a weak trend. In the short term, there is a need for another correction in the short-term gold price! But the fall does not mean a reversal. After the shock, it will still exert force again and head towards the high point of 2063! Looking at the one-hour trend, the upward trend has also slowed down under the pressure of 2063 above, and the recent highs have shown a decreasing trend. It is obvious that based on the current form, if the support is stepped back, it can be bought. Trading Strategy: Gold 2036, Target 2063 Good luck to everyone
OANDA:XAUUSDLong
by Golden-Strategy-Master
Market analysis on Monday,focus on the 2050 support positionOn Monday, international gold opened with narrow range fluctuations, and market transactions were light. The impact of factors at the end of last week has weakened. In addition, there is no focus on data during the day, and the trend will be guided by technical signals. Maintain the current trend after breaking through the short-term moving average and mid-track resistance. Run in a strong state. The international gold daily line closed on Friday, Dayang pulled up and closed above the middle track, while the daily indicator macd was dead cross shrinking and glued, and the smart indicator sto hook repaired upward; it means that the daily line shock is strong, and the price has The possibility of continuing to rise. At present, the top focus is on last Friday's high of 2062, followed by the upper track and parabolic turning point to suppress the 2076-2086 line. If it cannot rise to near 2085 today, tomorrow's high will move down to the 2079-2080 line. Personal suggestion: go long on the pullback; BUY2050-2052 Market Comments: RSI technical indicator is bullish
OANDA:XAUUSD
by Short-termTaurus