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Xauusdbullish

XAUUSD | Price Action | New Week perspective | follow-up detailsWelcome back to another episode where we dive deep into the dynamic world of Gold. The bulls' recent positive traction lifted Gold's price on Friday; Breaking a four-day losing streak, it surged from its lowest point since March, hovering above the pivotal $1,885 zone. Adding to the intrigue, the US macro data paints a portrait of an exceptionally resilient economy, lending strength to the Federal Reserve's hawkish stance. This fortifies the US Dollar (USD), holding it near its peak for over two months, thus constraining Gold's ascent. Beyond these nuances, traders exhibit a certain caution, likely opting to wait on the sidelines as the momentous Jackson Hole Symposium looms on the horizon next week. Brace yourselves for market volatility as central bankers' comments wield their influence. As the anticipation builds, US bond yields emerge as the juggernauts shaping USD dynamics in the absence of significant domestic economic data. The broader risk sentiment becomes a compass that will be guiding our trading decision toward short-term opportunities. Stay tuned as we navigate through the intricate tapestry of Gold's journey, dissecting trends, patterns, and possibilities. XAUUSD Technical Analysis: In this video, we delve into XAUUSD's price action, decoding accumulation, and distribution patterns. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues. The strategic approach? Waiting for compelling follow-through buying signals to confirm a potential near-term bottom for the USD-linked Gold before diving into bullish ventures. The $1,895 and $1,885 zones take center stage. Its historical significance makes it a crucial point. If the reversal set-up sustains and the price breaks out both the descending trendline and the $1,895 level, a bullish week could unfold. However, the breakdown of the $1,895 level can trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
XAUUSD H1: Bullish outlook seen, further upside above 1985Price is currently range-bound and hovering above a key support zone at 1955 on the H1 timeframe. A throwback to this support zone, coupled with a break above upside confirmation at 1963.5 could provide the bullish acceleration to the resistance zone at 1985. Prices are showing bullish divergence, with RSI forming higher lows while prices continue trending lower, which could signal a potential reversal, supporting the bullish bias
PEPPERSTONE:XAUUSDLong
by T3-Consultancy
Bullish outlook on XAUUSD - 31 March 2023Price is consolidating between a key resistance zone at 1988.50 and a key support zone at 1936.80, forming a bullish pennant on the H4 timeframe. A break above the resistance zone at 1988.50, in line with the 78.6% Fibonacci extension level and graphical high, could provide the bullish acceleration to the next resistance zone at 2052.20, in line with the 161.8% Fibonacci extension. Price is holding above the Ichimoku cloud as well, supporting our bullish bias.
FOREXCOM:XAUUSDLong
by shermzT