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GOLD/EUR

Gold - Choppy moves continueOver the recent months, we reiterated that gold was likely to be dragged down by the declining stock market (mainly due to profit-taking/covering losses elsewhere). We also expressed our expectations about gold declining to the 1700 USD region; this move came recently, and XAUUSD made a new low at 1 690.935 USD. Despite that, we stuck to our long-term bullish stance, which we continue to hold. Indeed, we think the weakness in gold can be exploited by accumulating gold for the long-term position. In our opinion, the inflation rate in the U.S. is currently peaking (and due to move lower in 2023). In addition to that, we think the FED will eventually reverse its monetary course and loosen economic conditions. Although, we are very cautious as the FED meeting is approaching; furthermore, if the central bank follows through with another rate hike, then it is likely to be negative for gold in the short term. Additionally, if the stock market reverses its rally, it will likely harm XAUUSD. Illustration 1.01 The price of gold deviated too far from its short-term and medium-term moving averages. Therefore, we are on the lookout for the price retracement toward its 20-day SMA. Technical analysis - daily time frame The RSI is bullish. The Stochastic points to the upside, which is bullish; however, it stays in the lower zone. The MACD strives to reverse. DM+ and DM- are bearish. Overall, the daily time frame starts to show bullish signs. It also hints at the possible peak of short-term bearish conditions. Illustration 1.02 The chart shows simple support and resistance lines derived from peaks and troughs. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. The weekly time frame remains bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
8
Gold - Short term neutral/slightly bearish, long term bullishGold remains resilient against bearish fundamental factors like higher interest rates and economic tightening. Meanwhile, it enjoys support from persistently high inflation. On 15th June 2022, the FED meeting is set to commence. Moreover, the FOMC is expected to raise interest rates in the U.S. by at least 50 basis points. In our opinion, this poses a threat to gold, the stock market, and the cryptocurrency market. However, we do not foresee much downside for XAUUSD from the current price level. With the FOMC approaching, we would not be surprised to see increased volatility in gold and even a possible retest of the support at 1786.785 USD. Despite that, we remain cautious; furthermore, we will monitor the price action closely throughout the week. Our price targets stay at 2100 USD and 2300 USD. Illustration 1.01 The picture shows a decline in selling pressure reflected in declining volume. Technical analysis - daily time frame RSI, MACD, and Stochastic turned bearish just recently. DM+ and DM- produce whipsaws. A relatively low value in the ADX suggests a neutral trend. Overall, the daily time frame is slightly bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is very bearish. Illustration 1.02 The picture shows simple support/resistance levels. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
19
Last trip to 1778-80 last bus to 1753 loading Gold had jumped to 1879 as I expected due to escalation of Ukraine Russia from weekend to Sunday headlines I think is time for inflation to take over the headline leading Gold to abyss along. Gold is signalling continuation on daily timeframe on Bollinger bands daily timeframe. Any meaningful uptrend to cap at 1890 as signalled by Bollinger bands on 15mins timeframe which I expect to pull back in one high timeframe candle but I don't think that is happening. Happy wick day! Gold is on the way to 1800-1700 and silver 19-18s
TVC:GOLDShort
by Metalixt
12
Gold - Gold is set to beat Bitcoin in 2022Once again, we reiterate our long-term bullishness in gold as it is on a track to be one of the best-performing assets of 2022, beating Bitcoin and U.S. stock market indices like NDX and SPX. Since the start of 2022, gold is up approximately 2.5% and holding up relatively well in the current market conditions. Next week, the FED is set to increase interest rates, which will put further pressure on the U.S. economy and cryptocurrencies. Additionally, we expect this action to strengthen the USD. In our opinion, it may negatively impact the price of gold in the short term. Therefore, we are very cautious as the selloff in the stock market may spread out into the gold market as well. However, we do not foresee a substantial decline from the current price level. Instead, we view the current pricing as attractive. Our price targets stay at 2100 USD and 2300 USD. Other factors Other positive factors we look at are high inflation in the U.S. and the growing attractiveness of gold among central bankers as well as private investors. Illustration 1.01 The picture shows the daily chart of NDX. Its performance since the start of 2022 is -23.14%, putting it in the technical bear market. Technical analysis - daily time frame RSI is neutral. Stochastic is bearish. MACD is bullish but in bearish territory. DM+ and DM- are bearish. However, ADX suggests the presence of a neutral trend. Overall, the daily time frame is neutral. Illustration 1.02 Illustration 1.02 shows the daily chart of Bitcoin. It can be observed that its performance since the start of 2022 is -36.05%, drawing a technical bear market. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX contains a low value, which suggests that no trend is present. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
Gold - XAU is in choppy watersIn our last post on gold from early May 2022 before the FOMC, we reiterated our long-term bullish stance on it. However, we stated that we expected profit-taking to ensue in the short-term, especially if the stock market continued lower. We also speculated about a possible short-lived dip in gold towards 1800 USD. Since then, gold has made a new low at 1786.785 USD and then started to reverse to the upside. Currently, XAUUSD trades around the 1860 USD price tag. Our price targets stay at 2100 USD and 2300 USD. However, we are still cautious due to the possibility of profit-taking in gold continuing further if the stock market selloff continues. Nevertheless, we must note that gold is doing exceptionally well in the current market conditions. Therefore, we will continue to monitor gold closely and look for more clues revealing price direction in the short term. * Among foes to rising gold prices, we consider higher interest rates in the U.S. and around the globe. Additionally, we see also pressure from economic tightening. Technical analysis - daily time frame RSI and MACD turned bullish recently. MACD points to the upside, which is bullish; however, it remains in the bearish territory. DM+ and DM- show converging, which is bullish as well. The ADX decreases, suggesting the bearish trend is weakening. Overall, the daily time frame is neutral/slightly bullish. Technical analysis - weekly time frame RSI strives to break the bearish structure; if it manages to do so, it will bolster the bullish case for gold. Stochastic is bearish. MACD is also bearish; however, it remains in the bullish zone. DM+ and DM- produce whipsaws, making them neutral. ADX contains a relatively low value suggesting the presence of a neutral trend. Overall, the weekly time frame is neutral. Please feel free to express your ideas and thoughts in the comment section.
OANDA:XAUUSD
by Tradersweekly
5
Gold - What to expect from the FOMCIn our latest post on gold, we noted that the bearish trend lacked momentum, which would result in a sideways moving price action. We said that gold profit-taking would ensue to cover traders' losses elsewhere. We expect this trend to continue in the short term. We will pay close attention to the FED on Wednesday as it is expected to hike interest rates by 50 basis points. In our opinion, this will put further pressure on the U.S. economy, which will see more selling pressure. That is particularly bearish for gold in the short term. Therefore, we voice caution throughout this week as we expect gold to manifest high volatility. Indeed, we think there are high odds for gold to see a short-lived flush that will take it towards 1800 USD. Although in the medium and long term, we remain bullish. Illustration 1.01 The picture above illustrates XAUUSD on the daily time frame and volume below it. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish; DM+ and DM- suggest that same condition. Meanwhile, volume is declining, which suggests fewer people are willing to sell at the current price level. We expect volume to drop even more if the price continues lower. Overall, the daily time frame continues to be bearish. However, we think lower prices from the current level are attractive for accumulating more gold. Technical analysis - weekly time frame RSI is bearish. MACD is also bearish; however, it still hovers in the bullish area. Stochastic is bearish. DM+ and DM- are bullish, although if a bearish crossover occurs, it will cause us to change our medium-term to bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
2
Gold - XAUUSD profit-taking ensues to cover losses elsewhereRecently, gold nearly touched the 2000 USD price tag. However, it failed to move substantially higher because profit-taking quickly ensued as the general stock market started to fall. Nevertheless, we continue to be bullish on gold in the medium-term and long-term. But we are growing increasingly nervous due to the intense persistence of selling pressure in major market indices. If this weakness lasts further, gold might see further sideways price action or selling pressure in the short term. At the moment, we will pay close attention to the immediate support/resistance level. Technical analysis - daily time frame RSI turned bearish as gold failed to move above 2000 USD. MACD and Stochastic turned bearish too. DM+ and DM- performed bearish crossover, suggesting the beginning of the bearish trend. Although ADX signals weak or no momentum being contained within the trend. Overall, the daily time frame is bearish; however, the lack of momentum suggests sideways moving price action in the short term. Technical analysis - weekly time frame RSI and Stochastic are bearish. MACD is due to perform a bearish crossover in the upper area of the bullish zone. DM+ and DM- show bullish conditions in the market. ADX signals the growth of momentum. Overall, the weekly time frame is mixed. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
4
Gold - XAUUSD is about to push above 2 000 USDTechnical and fundamental factors continue to push gold higher. At the moment, it trades around 1 995 USD/oz., just slightly below 2 000 USD price tag. We maintain a bullish stance on gold and we expect it to break above 2 000 USD and continue higher. Our medium-term price target of 2100 USD stays in place. Our long-term price target of 2300 USD also remains active. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bullish. DM+ and DM- show bullish conditions in the market with ADX rising. Overall, the daily time frame is very bullish for gold. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bullish. The same applies to DM+ and DM-. Meanwhile, ADX shows that the bullish trend of a higher degree continues to strengthen. Overall, the weekly time frame is very bullish for XAUUSD. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
16
Gold - XAUUSD shows more resilience than initially expectedOver the past four months, gold has shown strong resilience. Despite the U.S. interest hike, gold failed to drop substantially. Instead, it moved close to its all-time high value; however, it halted its rise at 2075.63 USD. After that, gold fell below 1900 USD. Although, this drop did not last long, and gold retreated to the 1950 USD price tag a few days later. We remain bullish on XAUUSD, and our medium-term price target of 2100 USD stays in place. Our long-term price target of 2300 USD also remains active. Technical analysis - daily time frame RSI and MACD are neutral. Stochastic stays bullish, and the same applies to DM+ and DM-. ADX declines, suggesting no significant trend is present. Overall, the daily time frame is neutral. Technical analysis - weekly time frame RSI and Stochastic are neutral. MACD remains bullish. DM+ and DM- are bullish too. ADX continues to increase, which suggests the trend of higher degree is bullish. Overall, the weekly time frame is bullish. Illustration 1.01 The picture above shows additional support/resistance levels. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
2
GOLD🥇 triangle breakoutXAUUSD seems to be ready to break up this triangle 📐 and if successful I think there is chance for run to 2210 and even higher. Setting BUY STOP-LIMIT order to catch the breakout. GOLD come on! ENTRY : local high @ 1877 STOPLOSS (SL) : local low @ 1753 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 2210 REWARD RISK RATIO (RRR) : 2.7 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FX_IDC:XAUUSDLong
by bizmark
7
XAUEUR 17th MARCH 2022Russia's attack on Ukraine could slow global growth and raise new economic risks, but leading central banks remain focused on an inflation war that looks set to escalate. Europe may be the most vulnerable to a broader economic shock from war, but the ECB made clear on Thursday that the region could absorb the expected hit to economic growth but could not afford policymakers to ignore rising prices at record levels in Europe, so choosing gold as a safe haven is one way to maintain existing assets. we know that gold fastly be expensive when economic risk happen. XAUEUR H4 chart : we can find a bullish falling wedge pattern. technically if the price breakout above the pattern this will support for gold prices fly high. this is my XAUEUR trading plan, are you also bullish?
OANDA:XAUEURLong
by DNP-FX
Gold - Gold is on its way to new ATHGold broke above 2000 USD price tag. Geopolitical tensions and weakness in the general stock market continue to act as bullish catalysts for gold. Positive outlook for gold is also supported by a combination of bullish technical factors. Because of that we would like to set a new short-term price target for XAUUSD to 2025 USD. Additionally, we would like to set a medium-term price target to 2100 USD; and long-term price target to 2300 USD. Technical analysis - daily time frame RSI reached a strongly overbought condition which reflects extreme strength of the bullish trend (this phenomenon is similar to one that is occuring in the oil market and we warned about this previously). MACD and Stochastic are also bullish. DM+ and DM- show bullish conditions in the market as well. ADX exhibits steep growth which indicates the prevailing trend is getting extremely strong (however, it also shows a warning signal). Overall, the daily time frame is very bullish for gold. Technical analysis - weekly time frame RSI reached an overbought condition which signals a warning. MACD, Stochastic are bullish. DM+ and DM- are bullish too. ADX shows strengthening of the prevailing trend. Overall, the weekly time frame is bullish. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
6
GOLD - Time To Sell !!!The geopolitical event has helped gold to set a new all time high (what would probably happen anyways at some point). Right now people are very scared, and are fomo buying commodities like metals, oil, gas futures, and so on... right at their all time highs. Think about it... they make retail investors sell equities at their local bottoms to FOMO buy commodities at their tops. Given that everything has become more expensive, especially OIL, this could drive more inflation (money printing) in a short term, eventually resulting in equities going up and commodities going down (in this example gold). But only for a short period of time (few weeks to maybe months). Structurally Gold could be doing the same reversal pattern we saw with Bitcoin topping at 69k. I've put btc price topping next to the gold chart so you can see how simmilar they are. I am trying to be a head of the croud here. Very simmilar structure could play out like this. My call is a BIG sell for gold right now. I might be wrong but there are just to much confluences in the market right now between equities and commodities. I am not a financial advisor so non of this should be taken as a financial advise. Be well. OANDA:XAUEUR
OANDA:XAUEURShort
by AVA37
5
Gold - Fundamental and technical factors stay in gold's favorUpcoming rate hikes, inflation and geopolitical tensions in regards to the situation in Ukraine keep positively impacting the price of gold. Yesterday XAUUSD peaked at 1914.32 USD, just slightly below the important resistance level at 1916.615 USD. We continue to be bullish on gold and we will watch whether it will manage to break above the resistance. Our short-term price target of 1925 USD and medium-term price target of 1950 USD stay in place. Illustration 1.01 Picture above shows the daily chart of USOIL's RSI. It is observable that RSI stayed overbought for approximately a month. We expect a similar phenomenon to occur in gold. Technical analysis - daily time frame RSI reached an overbought condition which normally precedes correction in price. However, due to very bearish conditions in the general stock market we think RSI is likely to exhibit overbought condition for a while longer (similarly like in USOIL). This would imply a very strong bullish trend. MACD and Stochastic are bullish. DM+ and DM- are also bullish. ADX increases which suggests that the bullish trend is gaining momentum. Overall, the daily time frame shows first warning signs of overbought condition in the short-term. However, it still remains very bullish. Illustration 1.02 Picture above shows the daily chart of gold's RSI. At the moment, it shows overbought condition. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bullish. Same applies to DM+ and DM-. ADX exhibits growth which signals the bullish trend is gaining strength. Overall, the weekly time frame is very bullish. Support and resistance Short-term resistance is at 1916.615 USD. Resistance 1 lies at 1965.572 USD and the major resistance level can be found at 2075.282 USD. Short-term support is at 1877.14 USD and Support 1 at 1834.195 USD. Support 2 sits at 1750.74 USD. Major support level can be found at 1676.866 USD Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
OANDA:XAUUSDLong
by Tradersweekly
15