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Xauusd1h

Gold: Monday Trading PlanGreetings Fellow Traders: Gold price managed to break 1992.20 level and closed last week below it, to support the continuation of the correctional bearish trend domination on the intraday basis, opening the way to head towards 1956.00 as a next main target, noting that breaking this level will push the price further down Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1987 may stop the negative scenario and lead the price to attempt to regain the main bullish trend again towards 1995 & 2005
FX:XAUUSDShort
by AdilHussain731333
1
Gold will usher in a sharp decline Gold continued to be blocked near 1986 when it was close yesterday, and it did not break through today. The lower support continued to test around 1961, and it has already been pierced. It is expected to rebound to around 1970 and then pull back again. At the same time, it will fall below the support near 1960 bit. When the market falls below the support around 1960, this position will become a resistance level, and the next support will appear around 1952, but this support is not a strong support level. The strong support is around 1933, which was continuously blocked before the rise. Therefore, the target of short gold orders this time can be seen below 1937, pay attention to the changes in support/resistance, I will continue to track market changes, and share my trading strategies at any time, please pay attention to check!
FXOPEN:XAUUSDShort
by EagleEyeStrategy
GOLD: Will it hit a new low with NFP approaching?As we approach Friday, it's clear that the impact of the US non-farm payroll data for February is significant. Powell's emphasis on accelerating interest rate hikes during his monetary policy testimony to the Senate on Tuesday resulted in a sharp decline in the price of gold. Powell reiterated his stance on Wednesday, stating that he would focus on economic data and use it as a reference for making decisions on monetary policy. Clearly, the upcoming release of the US non-farm payroll data for February is an important factor for decision-making. The current swing position of gold at 1835 points is likely to move in one direction after the data is released. Regarding the outlook for gold, personally, I believe it will decline as the current price is near 1835. Looking at the chart, the current downtrend from 1858 to 1810 places 1835 exactly at the 50% retracement level. After the sharp decline, there will be a proportional rebound, followed by a new low, as predicted earlier. This trend is currently in line with my previous forecast. Therefore, I judge that as long as the US dollar does not fall below 105, it will be challenging for gold to rise above 1835. It's highly probable that 1835 will be the high point of this rebound, and gold will fall back from this point. Therefore, operationally, it is necessary to maintain a bearish trend. Short positions may be taken at the existing range of 1835-1830, with a stop loss at 1840. If the data is positive for gold and it breaks and stabilizes above 1840, there will be no need to take a bearish position. Operational strategy: for the aggressive, short at 1835-1830, with a stop loss at 1840. For the conservative, wait for the data to be released before considering a position. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
10
GOLD: A head and shoulders top is about to form?When it comes to investing, don't expect everyone to understand you. Even if you do well, not everyone will like you, and even if you do a lot, not everyone will approve. After all, others care about the results and not the difficult process you went through. The same mouth can say different things, the same eyes can see different perspectives, and the same heart can have different thoughts. People can only do their best and have confidence in themselves. We need to understand that the investment market does not sympathize with the weak and does not believe in tears. Like a hawk soaring in the sky, it doesn't need applause. Like a blade of grass growing in the field, it doesn't need anyone's pity. Like a wildflower blooming in a deep forest, it doesn't need anyone's admiration. When it comes to doing things, we don't need to make others understand us; we just need to do our best. When it comes to investing, we don't need to seek others' approval; we just need to be true to ourselves. In trading, we need to have integrity and treat others with kindness. Fundamentals On Monday, spot gold retreated from its two-and-a-half-week high earlier in the day due to approaching risk factors such as Powell's speech and non-farm payroll data, while the US dollar index fluctuated downward. The yield of the US 10-year Treasury bond showed a V-shaped reversal, and the US market rebounded to recover the intraday decline. In addition, a global benchmark loan rate, the 3-month US dollar Libor, surpassed 5% for the first time since 2007. Currently, looking at the hour chart of gold: technical side Gold failed to break through 1860 on Monday and continued to decline. It has now fallen below the key support level of 1845. 1845 is a key support and resistance level that marks a turning point. Currently, with the break below 1845, it is highly likely that the market will move towards the support level of 1830. Originally, gold was following a wave-like rhythm, with 1845 marking the top of wave one. If gold is to continue its upward momentum, 1845 must not be breached. However, with the current break below 1845, the wave-like rhythm is no longer applicable. Therefore, it is highly likely that gold will form a head and shoulders pattern, with a decline to the 1830 support level, a rebound to 1845 to form the shoulder, and then a direct drop below 1830. Furthermore, the 4-hour chart of gold has already shown a sequence 6, indicating a high probability of further decline. On Sunday, I gave a bearish view on gold for this week, which has proven to be accurate. You can refer to this article, which I believe will be helpful to you. (click image to view full policy) Trading strategy: Currently, it is recommended to open a short position at 1845-46, with a stop loss at today's high point of 1852, and a target of 1830. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
14
GOLD: Exhaustion of momentum, preparing to short Yesterday X made it clear that the impact of news is only short-term, and once the momentum is exhausted, it will return to its original pace. As of now, this view is correct. The current market trajectory has begun to gradually recover, which will also be helpful for predicting future trends. Since the market has gradually started to recover and entered its original running pace, the trajectory of the US dollar index will also be relatively easier to predict, as the overall direction is still bullish, while GOLD is mainly bearish. On the operational front, gold has shown some pressure, but there is still a certain demand for upward probing in the market. Therefore, we consider taking a short position on rallies and suggest the following plan based on the market situation: seize opportunities to trade when the market offers them, and wait and observe when it does not. We recommend shorting in the range of 1844-1845, setting a stop loss at $3, and targeting 1841, 1837, and 1832, respectively. Furthermore, considering that today is the release day for initial jobless claims data, there are uncertainties.So pay attention to controlling positions. BIST:XAUUSD1! COMEX:GC1! MCX:GOLD1!
FX:XAUUSDShort
by investmentMr-X
1
Gold (XAUUSD) trading commentary on February 28, 2023Spot gold fell on Monday to $1,806.50/troy ounce, a new 2023 low. However, the US Dollar lost its positive momentum during European trading hours, helping XAU/USD bounce The current $1,819.00 price zone. The greenback's strength in the weekly open was the result of Friday's rally, the latter of which was triggered by higher-than-anticipated inflation figures. The XAU/USD pair maintains modest gains on the day, although it has lower highs and lower lows compared to Friday, which maintains the bearish bias. Technical indicators in the daily chart lack directional strength but are in negative territory, in line with the mainstream downtrend. At the same time, the 20 Simple Moving Average (SMA) picked up bearish momentum above current levels, reflecting the strength of sellers. Finally, the 100 SMA has lost its bullish slope and is now hovering around $1791.20, providing dynamic support. In the short term and according to the 4-hour chart, the risks are clearly tilted to the downside. XAU/USD has met with intraday sellers around the firmly bearish 20 SMA, while the longer moving averages are strongly southerly above it. At the same time, the Momentum indicator stands directionlessly just below its 100 line, but the Relative Strength Index (RSI) indicator has continued to decline, heading south at around 40. Support level: 1,806.50 1,791.20 1,784.60 Resistances: 1,821.60 1,834.00 1,845.99 Trading recommendation: Buy soup at the price range 1796 1797 Stop Loss: 1794 Take profit 1: 1806 Take profit 2:1810 Take profit 3: 1820 Canh sell at the price range 1825 1824 Stop loss 1827 Take profit 1: 1810 Take profit 2: 1807 Take profit 3: 1800 Note: Always set TP and SL in all trading cases If you have any questions or support, please leave a comment
OANDA:XAUUSDLong
by DNAchampions
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone, Another PIPTASTIC day !!!! We called it again with all our TARGETS hit with the final target at 1969 HIT perfectly!! Price rejected at 1969 and saw it tank down to 1940 GOLDTURN, which was also inline with MA50. This gave another opportunity for the push back up again. Our plans to buy dips and bank 20 to 40 pips at a time has once again allowed us to bank profits and avoid any swing traps. We need to see EMA5 break 1961 level to confidently open the upper range target 1969, 1976, 1984. We have had 2 historical attempts at 1969, where momentum took the price higher but without a EMA5 cross we saw price tumble back down. We need to keep this in mind before trying to catch the full stretch of the BULL RUN and this will allow us to differentiate between a breakout and a fake out of the upper range. TARGETS - 1961, 1976, 1984 RETRACEMENT RANGE -1940 - 1944 SWING RANGE - 1931 We remain Bullish but considering the volatile conditions we expect swings. We will continue with our plans to buy dips to manage these conditions. When we see the market conditions change we will change our strategy on buying dips with 20 to 40 pips, but right now this is the perfect setup for this market. As always we will keep you all updated with any changes to our plans. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
34
Xauusd H1 ( Update 2)🟢 Offer: Sale below 1931 with a first check tick of 1906 and a second check of 1892 🔴Alternative offer (in case of price trend change) When the price penetrates above 1931, the price first starts moving towards 1945 and 1961 . 🟢 Our analysis will be provided to you on a daily basis at two times, one before the opening of the London market and the other before the opening of the New York market. All content will be educational and not a signal to buy and sell, although you can use them in this direction as well. In all the analyzes, we will try to teach you the principles of price action and patterns with the simplest methods, so that you can learn and execute these analyzes yourself step by step. 🔵 You can encourage us more by following this page and sharing your comments 🟡 Disclaimer: Not financial advice. For educational purposes only. Be profitable Koppawinrate
OANDA:XAUUSD
by koppawinrate
Xauusd H1 ( Update 1)🟢 Offer: Sale below 1990 with a first check tick of 1958 and a second check of 1948 🔴Alternative offer (in case of price trend change) When the price penetrates above 1990 , the price first starts moving towards 2009 and 2021. 🟢 Our analysis will be provided to you on a daily basis at two times, one before the opening of the London market and the other before the opening of the New York market. All content will be educational and not a signal to buy and sell, although you can use them in this direction as well. In all the analyzes, we will try to teach you the principles of price action and patterns with the simplest methods, so that you can learn and execute these analyzes yourself step by step. 🔵 You can encourage us more by following this page and sharing your comments 🟡 Disclaimer: Not financial advice. For educational purposes only. Be profitable Koppawinrate
FX:XAUUSD
by koppawinrate
1
Xauusd 1H🟢 Our analysis will be provided to you on a daily basis at two times, one before the opening of the London market and the other before the opening of the New York market. All content will be educational and not a signal to buy and sell, although you can use them in this direction as well. In all the analyzes, we will try to teach you the principles of price action and patterns with the simplest methods, so that you can learn and execute these analyzes yourself step by step. 🔵 You can encourage us more by following this page and sharing your comments Be profitable Koppawinrate
FX:XAUUSD
by koppawinrate