Will gold first fall and then rise today?
The gold 1-hour moving average is still in a bullish arrangement with a golden cross. Now the price is gradually approaching the moving average, but the gold bull trend has not changed for the time being. Patiently wait for the opportunity to adjust. Pay attention to the support near the previous low of 3185. The moving average support has now moved up to the line near 3177. Overall, gold may form a strong support near 3180. For today's gold trend, I personally think it will fall first and then rise.
Xausudanalyst
Gold bulls are rising higherGold's 1-hour moving average continues to spread upwards and bulls are spreading. Gold bulls are full of strength. Gold still has upward momentum. The pullback will continue to give opportunities to go long.
Trading idea: Go long near gold 3175, stop loss 3165, target 3210
The above is only a sharing of trading ideas and does not constitute investment advice. You need to be responsible for your own profits and losses.
Gold 3055 is very important!gold chose to break upward and is currently trading around 3043. For the next market, Monday's high of 3055 is very important. If gold stands above 3055 again, then the hourly chart will be a double bottom pattern, and the next rebound target will continue to advance towards 3115. On the contrary, if it cannot stand above 3055, then the market is still expected to fall back!!!
#XAUSUD: Small Time Bearish Correction With Three Take Profit! After reaching a record high of $3,150, the XAUUSD currency pair has experienced a decline. Analysis conducted over the past few hours has led us to anticipate that the price may experience minor corrections within a short time frame.
Upon analysing the data and price movements, we have identified three distinct zones or targets that could serve as potential price levels for the XAUUSD pair.
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Gold is crazy. When will it peak?Gold has experienced a wave of rapid declines and market washouts. It successfully made many people get off the market with one move, and then it continued to rise all the way. It is really strong.
At present, it seems that gold is getting closer and closer to the top, but you can still take advantage of the pullback to make long orders, but you must not stay in the long term.
At present, gold is getting closer and closer to the top, but you can still take advantage of the correction to go long, but don't be a long-term investor. Gold can take advantage of the trend to take long positions above 3100
Risk aversion pushes gold higher againFrom the perspective of gold trend, after three trading days of shocks and consolidation, this trading day also chose to break upward. After breaking through the pressure near 3030/32, it inertially rushed up to 3056, which is only one step away from the historical high.
Gold broke out of the upward trend mainly driven by risk aversion. Russia, Ukraine and Gaza opened fire again. The originally planned peace talks did not achieve substantial results, so the current market risk aversion pushed gold upward again. Gold strengthened again after breaking through the convergence triangle.
Gold can be shorted in the short term, sl: 3063 tp: 3042
Gold’s rebound is an opportunity for short sellingGold is still oscillating, and a rebound is an opportunity for short selling. Since gold is still oscillating within the box, you can go short if it rebounds to a high level. Gold is still oscillating within a large range for 1 hour. Since gold has not effectively broken through, you can continue to short after rebounding. If it breaks through the box shock, then gold will consider taking advantage of the trend and go long.
Gold bulls are going crazy, need to be careful at this time
Gold bulls are too crazy and there is no chance of a pullback. So when the market is too hot, you have to be careful. You need to be cautious when doing long positions at high levels, and beware of gold falling back after a surge and starting to make a sharp adjustment.So at this position I think shorting would be better
GOLD Intresting SitutionGold at this time Respected Support area and move up
also, Created a fresh supply Area at 2050 to 2060 price.
We all will take a short position from this supply with confirmation because this supply still below the trend line.
because many Institutions take a long from support.
We are waiting for 2050 if institution cut their long and take short from 2050 to 2060 then Gold will drop like a waterfall.
If gold closes up the 2060 level this coming week then gold fills the upper wick in the coming weeks.
Because in HTF(High time frame), the Institution still holds its long position
But Hopefully buyers out and cut there profit and take short position .
XAUUSD 15/5/23 Outlook. Gold to the 1980s?Good evening gold gang! hope your weekend was a good one!
We are back, recharged and ready once again for the gold outlook. Lets lock it in ..
We are approaching a very strong daily level here that has seen price bounce from many times and a strong close below can mean we will finally start coming back down to the mid 1900s once more. Couple this with a strong DXY push indicating dollar strength .. we could be starting the dollar domination once again.
DXY is due a small pull back though as it pushed heavily last week .. so we may see a little upside at the beginning of the week.
Buys and sells are on there .. and as usual for those asking, i wait for clear closes in these areas before taking trades and target where stated. I am also not greedy and pay myself along the way as we take what the market gives us, not what we hope it gives us.
Ill be updating during the day on this chart any changes made .. so make sure you follow along!
Smash the boost button if you're ready to make some cash this week
see you in the morning for london
TommyXAU