Xausud
Gold Bias: ShortWe remain bearish as long as the price stays below the supply zone. The current market behavior around that zone shows that the bulls are struggling to break to the upside. If they fail, then expect the price to head down to the demand area before the bull could step back into the market to push the price higher. Remember, the banks will never buy there. If they are successful in breaking the zone to the upside, then expect the price to continue going up.
GOLD/ XAUUSD 15mins technical
🔰 Pair Name : XAU/USD
🔰 Time Frame : 15mins
🔰 Scale Type : small Scale
🔰 Direction : SELL THEN BUY
This technical analysis focuses on Gold's 15-minute chart and aims to provide insights on optimal buying points and price movement predictions. As mentioned in a previous post, Gold has already surpassed the inverted head and shoulder neckline, indicating a breakthrough of the institutional buy order. This indicates an opportunity to address the significant market imbalance above. For further details, please refer to our previous post.
Currently, Gold's price is undergoing a retest of the 1-hour demand zone. By zooming into the 15-minute timeframe, we observe that the price is on the verge of retesting two demand zones between the 1930-1927 range. We anticipate a bullish movement in Gold, starting from the 1927 area, with the intention to fill the market imbalance above. Our expectations include a potential return to the daily supply zone around the 1960 area.
Weak Manufacturing Data and Fed Rates Means Add Gold?Concerned about Recent Weak Manufacturing Data and Expected Fed Rate Hikes? Consider Adding Gold to Your Portfolio
The weak manufacturing data and the anticipated Federal Reserve rate hikes have raised several red flags, warranting a closer look at your investment strategy.
Firstly, releasing the latest manufacturing data has revealed a worrisome decline in activity. This unexpected weakness indicates potential economic headwinds and raises doubts about the sustainability of the current market rally. As a prudent investor, it is crucial to consider diversifying your portfolio to safeguard against any potential downturn.
Furthermore, the Federal Reserve's decision to hike interest rates shortly adds another layer of uncertainty. Historically, higher interest rates have often led to decreased stock market performance. This potential scenario highlights the importance of exploring alternative investment options that can provide stability during volatile times.
In light of these concerns, I would like to draw your attention to the shining potential of gold. Gold has long been considered a haven asset for preserving wealth during economic uncertainties. When manufacturing data weakens, and the Federal Reserve hints at rate hikes, gold tends to increase in value, acting as a hedge against market turbulence.
Therefore, I encourage you to consider adding some gold to your portfolio. By allocating a portion of your investments to this precious metal, you can potentially mitigate the risks associated with weak manufacturing data and expected Fed rate hikes. Gold's historical performance during economic uncertainty makes it an attractive addition to any well-diversified portfolio.
To take action, I recommend contacting your financial advisor or exploring reputable gold investment options available in the market. They can provide valuable insights tailored to your specific investment goals and risk tolerance, ensuring that your portfolio is well-positioned to weather any storm that may lie ahead.
In conclusion, the recent weak manufacturing data and the anticipated Federal Reserve rate hikes call for carefully evaluating your investment strategy. Adding gold to your portfolio can safeguard against potential market downturns and provide stability during uncertain times. Don't hesitate to take action and secure your financial future.
Thank you for your attention, and please feel free to reach out if you have via posting a comment. I wish you successful and resilient investments.
GOLD: Consolidation in short term?From a technical point of view, trend is bearish on intraday chart and it could still trigger some consolidation. On the H1 chart it is possible to develop an interesting harmonic structure with Target around 1.918 and 1.900.
In long term however, the main trend is still bullish at the moment.
Trade with care!
Like 🚀 if my analysis is useful.
Cheers!
XAUUSD 1/5/23 Outlook. Pullback? Good evening gold gang!! hope you have all had a nice weekend. Im back with the analysis for the first day of May! (justin timberlake meme)
Ok price is still in the range higging the 1993 level .. this level has been respected so many times last month and is proving to be of huge importance to the powers that be. However, the monthly has closed above the previous!! which is very interesting to me
This means that price is likely to move up but in order for it to do that, we will need some kind of pull back.
As usual im ready for whatever scenario, so we have buys and sells on the chart. The buys above would be nice but the range above the target is very tasty with no problems.
FOMC news on friday, its possible we may range again this week awaiting it .. but then we may see big moves in price and this could be the catalyst needed to move up. Lets find out!
If you like my work then please drop a like and follow .. i appreciate ya
tommy
XAUUSD 28/4/23 Outlook. Back into the range. Good evening gold gang! Another great day on the charts as we got the sells right at NYSE open. Beauty.
/im going to be brief with this one as we are back in the range now .. hugging that 1993 yet again. I feel there is going to be some kind of big announcement coming that will blast gold out of this range .. might get it tomorrow
Buys and sells are set at the extremes of the range with targets too.
I’m running out of battery so i gotta be quick hah .. thanks again for all the likes and follows today .. means a lot. This really has become a passion of mine since Xmas .. helping guys get their head around the yellow metal.
Please like and follow along for more gold updates
TommyXAU
XAUUSD (Gold) forecast Firstly, have a look our previous analysis how those rocked.....
Gold is trading below 1990 and it seems to be bullish as it on trendline according to major timeframes h1,h2,h4. Finnacial crisis as well geopolitical issues are favorable for bullish trend of Gold.
lets talk about technicals, Price trading on bullish trendline so bullish trend expected.
on the other hand rising wedge pattern, that means price may drop once channel is broken.
So we may expect selling trend. In our premium broadcast we are already in sell for 3-4 positions from highs 2000$ as it was told that selling will continue.
Now to enter market in this situation, you have to put pending orders.
lets see how market reacts.
best wishes.
please follow and like & don't forget to check previous analysis all analysis hit our tps
XAUUSD | Market outlookThe XAU/USD pair shows a corrective decline, retreating from the record highs of March 2022, updated the day before. The instrument is testing 2010.00 for a breakdown, waiting for new drivers to appear on the market. Investors are in no hurry to open new positions in anticipation of tomorrow's publication of the March report on the US labor market, which may significantly affect the future monetary policy of the US Federal Reserve. Current forecasts for the May meeting of the regulator are ambiguous and almost equally imply both keeping the interest rate unchanged and its further increase by 25 basis points. One way or another, the pressure on the American currency is increasing this week with the publication of uncertain macroeconomic statistics. The day before, a weak report was released from Automatic Data Processing (ADP) on Nonfarm Payrolls, which reflected a drop in the indicator from 261.0 thousand to 145.0 thousand, with a forecast of 200.0 thousand. The Services PMI from the Institute of Supply Management (ISM) was also disappointing, falling in March from 55.1 points to 51.2 points, which turned out to be noticeably worse than expected at 54.5 points. The instrument, in turn, is supported by the declining yield of US bonds observed since the end of March: 10-year Treasuries are trading at a rate of 3.2940% after opening at 3.3480% at the last session.
Xauusd GoldDue to the weakness of liquidity and the worldwide economy, we see that the Gold have no any power for any more increases, as we believe once that Fed. Bank start increases % again the cold will start targeting new low prices.
This Analysis will be canceled if the Gold cross over the 1977.7
Gold Breakdown analysis 04/03/2023Dear traders gold was up trend and it still in cosolidation after breaking below 1974 it may retest this area so I expect gold if he reject 1966 and still above this zone it will be chance to look for buy and if he reject resistance at area 1979 and close below it will be change to sell target will be long trade safe
Good luck
XAUUSD Asian session outlook Good evening gold gang!! hope you are well.
After another day of smashing the targets .. heres what i can see for the asian session.
Price is heavily bearish on all timeframes other than monthly .. so i can say that sells are preferred. This doesnt rule out buys .. we just have to be careful not to take them too close .. we need confirmation of bullish intention first.
Price right now is at a strong daily level .. breaking this would mean a move down to the next level and even possibly to the 1915 area.
Big news tomorrow with fomc .. so its possible to see price consolidating during the day tomorrow waiting for the news in the evening (gmt)
Ill be here to update you on my findings as i find them .. as always
Have a good session asian gang!
tommyXAU
XAUUSD wen pullback?!?Good evening gold gang!
Huge drops today on gold! i caught the initial move from london which ran to my target perfectly! (hope you guys got it too)
After such a massive move im expecting a pull back. I have my area marked up for the pull back on my chart after a support has formed on the lower time frames.
No pull back should see price drop down to the next level which is my red line .. thats a 40 pip drop so its a nice range to catch if you trade the asian session.
Catch you tomorrow morning for london! please leave a like and follow along.
tommy
GOLD: Bearish Flag Pattern - Reversal Lower TimeframeBearish Flag on Gold in Lower Timeframe
The bearish flag is a candlestick chart pattern that signals the extension of the downtrend once the temporary pause is finished. As a continuation pattern, the bear flag helps sellers to push the price action further lower.