Get started

Xaulong

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
Gold Longs On 1H close about 1898 Hope all is well, Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets. Gold must close 1H above 1898 for continuation to the upside. 15M TL is valid waiting for break and retest however I did enter longs already with stops at 1895.4 If you like the idea be sure to follow for more trade setups. I would love to build a community of professional traders strictly watching gold . I do dable occasionally into gold GJ but other than that you too should be focusing on mastering one single pair or indices.
OANDA:XAUUSDLong
by iNtuNeFXMarkets
4
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 daily analysis 11.03.2022Yesterday gold made high near 2009 but was not able to close above 2k level in 4 hours chart. For now the volume is stable and gold is moving in lower channel. Today is Friday and we can expect high volatility. I suggest to go long with small stop loss near 1980. We expect gold to close above 2k and test the resistance 2020. My trading plan BUY 1980-1985 SL 1968 TP 2020 However in daily chart I can see there is a big chance for reversal. So if gold fall below 1960 we can expect it to fall more. I am still bullish and suggest to go only for long trades until war ends. If price makes high near 2050 we can go for short trades for long term time.
OANDA:XAUUSDLong
by boyinjungle
Gold analysis 10.03.2022Yesterday gold closed with red in daily chart. This is happening everytime when there is a life time high volume in one day. However gold just tested the 50% Fib level and is healthy retracement for further bullish trend. The war is still going and hence we may expect the trend to change only when war stops. For the trend to reverse gold has to fall below 1880. Above this level there is high chance for gold to test its previous resistance levels upto the life time high at 2075. Today 2000 is acting as resistance and 1970 support till London session. The volume is also comparitively low. There are many important news in US session. So we may expect price to react at that time. I suggest to go for long trades today BUY 1980-1990 SL 1965 TP 2020 SELL 2020-2030 SL 2035 TP 2000 SELL any price above 2050-2055 SL 2075 TP 2000 The strong support for today is 1925 The other important support levels are 1950 and 1975. Technically gold may retest upto 1950 if selling pressure is high. Once price is able to close above 2000 in 4 hrs we can expect fresh buying I would like to say that yesterday I missed one point. After the price started going above 1975 it did not look back and went upto 2070. So there is gap. The pull back filled this gap and now we are good to go for new highs.
OANDA:XAUUSDLong
by boyinjungle
Gold analysis 04-03-2022Yesterday also news were negative for gold. But this only made gold to test its support near 1925. Yesterday gold tried to fill the liquidity gap above 1935 and is currently at 1940. Now the next liquidity gap is between 1945-1950. We can also see the control price today is 1945 which is the upper limit of lower value zone. So gold will need good volume to break this level. However the lower limit of lower value zone is 1918. So if bears show power we may retest upto 1918 before pull back. Important levels for today are 1945 and 1930. We can go for scalping near these Buy 1925-1930 SL 1915 TP 1945 Sell 1945-1950 SL 1960 TP 1930 The target for today is 1970. We may expect the NFP news today can bring gold to this level. However the news may also bring gold to test its support at 1918 which is a good level to Buy. gold is bullish. we can expect change in trend only when the war news ends. So prefer only buy trades. For sell order put SL above the higher high made at supply areas.
OANDA:XAUUSDLong
by boyinjungle
1
Gold Breakout or Reversal?Gold has continued bouncing within it's huge triangle on the Daily, a massive range of consolidation featuring a perfect series of Higher Lows and Lower Highs. The further we get into the peak of this triangle the more explosive I expect the breakout to be. My last idea was to short the top of this range, and price did bounce down and continue the formation, reaching the bottom before bouncing back up again. We've just had new CPI data showing the largest YOY inflation increase for 40 years. The general wisdom is that Gold performs well in periods of high inflation, and while the CPI data on Thursday actually saw a red day, the close of the week was a big green day for Gold. From a purely technical standpoint, while I do believe a breakout will be coming soon my instinct is to continue trading the formation - that would be a short in this instance, with Gold price at the top of it's range, nearing strong resistance and having seen a potential End Of Week overreaction, with some rotation out of the US indexes on Friday as they took another dive. However, the combination of the dramatic inflation numbers and a falling stock market is giving me pause. While I think there's solid potential for a 2 R short here with a stop above the resistance (marked yellow on the chart), I'm going to hold back until after NYSE open on Monday. I've been looking at this consolidation phase for a while now and there is almost a perfect storm brewing for a bullish breakout. Note - I have adjusted the upper boundary of the triangle in the chart above, but in the range I previously drew in my last chart the Friday action actually drove up and closed above the upper boundary, signaling a potential breakout. Previous chart idea -
OANDA:XAUUSD
by HayeTrading
21
XAU GBP bullish entry at 1350 For the bulls, this is a precious metal trading with GBP, We have an overview of gold now while we waiting for the Retail Price Index (RPI), Claimant Count Change news, Flash Services PMI. I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results, 553,412 M £ as 3Q 2021 546,556 M £ as 2Q 2021 517,998 M £ as 1Q 2021 for the technical view ... Bullish Head and shoulders pattern had detected on the 3H chart on the volume indicator, I see some buying volume entring the Gold CFDs The price has started moving from 1342-1346 accumulation area for the up Long position: Buy order on 1350-1355 area Targeting 1385-1390 area Buy limit at 1337-1332 area just to protect our position in case the price make amove against us The numbers from ons.gov.uk
FX_IDC:XAUGBPLong
by youssefallax
2
GOLD(XAU) 4 HOUR NEAR FUTURE PREDICTIONTechnical Analysis Summary XAU/USD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Internal Trend) We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham
GOLD (XAU) 4 HOURLY NEAR FUTURE PREDICTIONTechnical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham
2
Technical analysis update: Gold (5th January 2022)On 3rd January 2022 gold dropped to 1798.380 USD which coincides with price retracement towards its 20-day SMA. Price halted its decline slightly above this technical indicator and then reversed back up. In our view this is very bullish and odds for a bullish breakout above the neutral zone (between 1750 USD and 1835 USD) are increasingly growing. We still remain bullish on gold and await resumption of a bullish trend once breakout above 1835 USD occurs. We would like to set a short-term price for gold to 1835 USD and medium-term price target to 1850 USD. Technical analysis - daily time frame RSI continues to develop a bullish structure. MACD is bullish too; indeed, it performed a bullish crossover on 27th December 2021. This strongly bolsters the bullish case for gold. Stochastic oscillates within the upper area which is bullish as well. DM+ and DM- show mixed conditions. ADX contains low value which suggests that the prevailing trend remains neutral. Illustration 1.01 Picture above shows the daily chart of XAUUSD. It also shows that volume has been increasing since 27th December 2021. In our opinion, this signals that a bullish breakout is impending. Technical analysis - weekly time frame RSI is neutral. Stochastic is bullish and MACD is also bullish. Indeed, MACD performed bullish crossover above 0 points, similarly like on a daily time frame. DM+ and DM- are both declining and show mixed conditions. ADX has low value which further supports that prevailing trend is neutral. Illustration 1.02 Chart above shows the weekly graph of MACD on XAUUSD. Recent crossover is clearly visible. Support and resistance Short-term resistance lies at 1835 USD and it acts as the upper bound of the neutral zone. Short-term support lies at 1750 USD and it acts as the lower bound of the neutral zone. Another important support lies at 1721 USD while the major support level lies at 1676 USD. Other important resistance levels are at 1916 USD, 1959 USD, and 1965 USD. Major resistance level lies at an all time high of 2075 USD. Our most recent idea that shows possible setups on gold: Bullish area is indicated above 1835 USD while bearish area is indicated below 1750 USD. 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
8
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 2 Uptrend in green color (Internal Uptrend and Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 Downtrend in red color We have 1 Uptrend in green color (Internal Uptrend) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham
2
XAU USD 1783 to 1794After identifying strong structure on the 1 hour & 4 hour charts and seeing rejections in those timeframes I decided that a possible scalp for longs would suffice as todays news was also quite neutral and did not have a large impact on gold. With the green line representing 1-4 hour support levels, I identified key rejections on the 15 & 30 minute charts and entered longs with profits below the previous trade I’ve posted. Furthermore, high consolidation at 1788 after a strong push upwards from 1783 allowed me to get a key entry in the following trades. The consolidation tied together with DXY (dollar index) therefore drove my decision with continuing long. Entry: 1783 TP: 1785 1788 —> 1790.88 1790 —> 1792.68 Why are my profit intervals so short? - I keep my stops always above entry so that I can ensure profits while trading. While I could have taken possibly 100-120 pips total, the first 2 entries were stopped but in overall profit. I would much rather ensure my investments stability and longevity through consistent growth over time. A total of 60-65 pips were obtained @ 12-1am EST.
OANDA:XAUUSD
by ProfXAU
1