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Xausd

🥇GOLD - Retest of 1895 will determine the further direction Gold is testing the wedge support and the level of 1895.34. The gradual renewal of the lows tells us about a strong downtrend and therefore it is a priority to consider selling. TA on the high timeframe: 1) Something like a pin bar forms in relation to 1895 2) A bounce to 1914-1920 is possible to follow 3) Friday's daily candle close will determine further direction TA on the low timeframe: 1) After a bounce from 1895, a retest of 1910 is formed. After a false breakout, the price consolidates below the level. 2) Maybe a shake-up will follow (false-break-down of 1910 or wedge resistance), and then the price will go back down towards 1895. 3) Decrease to 1895 will be interpreted as a retest and readiness for another decline, and 1880, 1860 are ahead. Key resistance📈: 1910 Key support📉: 1895
OANDA:XAUUSDShort
by Gold-Tech
18
XAUUSD Analyst Hello everyone! I want share my idea about XAUUSD. Long time I was looking to gold bullish until today, I open long position from 1955 on gold but I got stop. after USA balance of trade news gold show us the strongest red candle, which I thin will continue. We are close weekly support, we already get 3 good rejection from that point and in my opinions the 4th touch will be not strong and we will see brake out of support (THIS IS NOT ADVICE, THIS IS WHAT I THINK) only in 4 hour we get 28 pips down. If we brake that support which is on 1935 then we will see big move to down. Be patient.
FOREXCOM:XAUUSDShort
by elmakacho
Which way will XAUUSD go if markets rally or dive? As we observe the current market trends, it is clear that gold is consolidating. This means that the price of gold (XAUUSD) has stabilized after a period of fluctuation, indicating a possible period of price stability. However, as experts in the field, we advise that traders hold off on trading for the time being. It is important to note that this consolidation may not last forever, and there may be a potential for a breakout in either direction. However, predicting which way the market will move is complex, and it is best to exercise caution and wait for a clearer signal before making any trades. We understand that the urge to trade may be strong, but we urge you to resist the temptation and wait for a more favorable market condition. In the meantime, we will continue monitoring the market and update you on any significant changes. Thank you for your attention, and we wish you all the best in your trading endeavors.
OANDA:XAUUSD
by bryandowningqln
1
AUDNZD | Bearish Divergence AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite directions. In this case, the formation of hidden divergence on the RSI suggests a potential reversal in the current trend. This means that despite the ongoing uptrend, there are indications that the market sentiment might shift in the opposite direction. Traders and analysts often pay attention to hidden divergence as it can provide insight into a potential change in the market dynamics. AUDNZD is currently experiencing an uptrend, the presence of hidden divergence on the RSI indicates the possibility of a reversal in the trend.
Short
by awaisulabdeen
XAUUSD 1H 25/04/2023Currently, in the one-hour chart, we are within a bearish range that spans from 2011 to 1969, with the latter being the range's liquidity point in this time frame. We notice that the price did not close above the first gray zone, which ranges from 1998 to 1989, so if the price returns to this area, we could expect a bearish reaction. On the other hand, if the price touches our second zone, ranging from 2008 to 2005, without performing a pullback, we could look for a bearish reaction to liquidate the range.
OANDA:XAUUSDShort
by mdr300896
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OANDA:XAUUSDEducation
by Short-term-king