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Gold Trend 12/10Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2. The S-T selling trend originated from 1710 has ended yesterday after the price climbed above the downward trendline(1). Waiting for the US Fed. Minutes later today, the price is settling in a tight range between 1660-80(2). Gold's pull-back from 1684 yesterday has created a selling signal(4) on the daily chart. The trend on the daily chart remains bearish, and the resistance at the 20-day MA(5) remains in effect. S-T Resistances: 1680 1676 1670 Market price: 1667 S-T Supprots: 1665 1660 1655 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
XAUUSD Gold Next MoveTechnical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - H1 According to Elliot Waves in Short Time Frame #STF , it has completed the " 4th " corrective wave at Fibonacci Level - 61.80% It is currently standing at the Demand Zone and Rejecting from the Strong Support Level 1660 - 1665 Buying Divergence in Long Time Frame #LTF It is Following Corrective Rectangular Pattern if it Breaks the Upper Trend Line then Buy Another Reason for Buy is DXY will Fall
PEPPERSTONE:XAUUSD
by ForexDetective
XAUUSD Gold New Week MovementTechnical Analysis Chart Update XAU / USD ( Gold / U.S Dollar ) Time Frame - H4 Long Time Frame #LTF ( BEARISH CHANNEL ) Rejection from the Upper Trend Line #UTL Possible Rejection from 1680 - 1686 if Breaks then Sell It has completed the Impulsive waves in Long Time and Short Time it is now making " A " Corrective wave in Long Time Frame #LTF and " B " in Short Time Frame #STF If Rejects from the Demand Zone then Possible it will Follow Head And Shoulder in Short Time Frame #STF
FOREXCOM:XAUUSD
by ForexDetective
Gold Trade Idea GOLD ANALYSIS FRIDAY 7 OCTOBER -Aj Friday ha, Market ka akhri working day ha. 6 October, Gold open hua tha $1716, High $1725 banaya, Low $1705 banaya aur closing $1709. $7 ki kami hui ha 5 October ki closing sa. Aj Gold, $1711.65 pe Open hua ha, $1713.24 ka high banaya, $1708.93 ka low banaya ha aur es waqt $1712 pe trade hora ha hai. Aj Gold ki Support $1695 pe ha aur Resistance $1728. Trend aj ka neutral ha aur volatile bhi. Jesa Fundamental Data release hoga aus taraf Gold ki price jaigi toh Support and Resistance bht ziada important ha. Aj Pakistan Time, 05:30 PM US Average Hourly Earning, Non Farm Employment Change aur USA Unemployment Rate k figure release hogay. US Nonfarm Employment Change Previous 315000 Market expectation 265000 US unemployment rate Previous 3.7% Market expectation 3.7% En sab sa ahem event US Employment rate ha. Agr figures US$ k liye achay atay hain toh Gold ki price apni Support $1695 tak ghirsakhti ha. Agr Figures US$ k liye bura atay hain toh Gold ki price apni resistance $1728 ya isay mazeed uper jasakhta ha.
TVC:GOLD
by Waqar212
Gold Trend 05/10 - 08/10Gold renewed the 3-weeks high yesterday. Carried the buying momentum from the day before, a new round of buying was triggered after the price cleared the resistance at 1700 early in the Asian session. The bullish trend continued until it touched the day-high near 1729 late in the US session. The day ended at 1725, up by USD 25. After all the interventions and the news from the BOJ & the BOE, gold is trading above the critical support of 1680(1) again. The S-T trendline(2) can be used as a resistance reference for the current bullish trend. While the market is now shifting its focus to the US employment figures this Friday unless the price can clear the resistance at 1730, expect the price to remain in 1700-30 in the next 48 hours. Since gold escaped the downtrend channel (4) and broke out from the 20 days MA, a bullish trend has begun on the daily chart. Unless the price can clear the 50-day MA and trigger a new round of buying, 1700-30 should be the range for today. S-T Resistances: 1730 1725 1720 Market price: 1718 S-T Resistnces: 1710 1705 1700 If you like our work, kindly give our team a thumbs up. Feel free to leave a comment; let us know what you think! P. To
TVC:GOLD
by 1uptick
Gold analysis: Testing key resistancesGold is back above $1,700, which is where it was in the middle of September, up 5% on the week. A drop in Treasury yields and a weaker dollar have aided gold's rise as the market speculates on the end of Fed rate hikes. From their 4% peak in September, US 10-year Treasury yields ( US10Y ) have decreased by almost 40 basis points in the last few session, and real yields ( DFII10 ) also dropped. Simultaneously, the DXY index decreased from 114.1 on September 27 to 110.6. Overall, gold confirmed its inverse relationship with both the USD and real yields. What does gold's chart analysis show? Gold prices are currently testing a multi-resistance zone between $1,710 and $1,720, defined by the bearish trendline from March's 2022 highs, the 50-day moving average, and the 23.6% Fibonacci retracement levels of the 2022 high-low range. Previously, gold prices encountered resistance at the 2022 bearish trendline and retreated in mid-August. The MACD is forming a bullish crossover, and the RSI is moving above 50 for the first time since mid-August, according to the oscillator analysis, which supports a short-term upward trend. If this multi-resistance region is broken, it could signal an extension of the bullish wave towards $1,788 (38.2% Fibonacci) and $1,800-1.810 (August highs) as potential short-term targets. If prices retreated from the resistance, $1,680 serves as the first support for placing stop. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
TVC:GOLD
by Capitalcom
Gold breaks above 6 week trendlineCurrent price is above the six week valid downward slopping trendline (bullish); current price is above its very short term 13 day simple moving average (bullish); current price is above its 25 day minor intermediate term simple moving average (bullish); 13 day rate of change is above its zero line (bullish); 4 day rate of change is above its zero line (bullish); very short term AROON UP 5 day at 100% (bullish). Conclusion: LONG positions can be technically supported for short term price target at $1,735 and intermediate term target at $1,860 in extension with stop at $1,615.
SKILLING:XAUUSDLong
by JKnobel