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Xauusddaily

Gold (XAUUSD) trading commentary for the week of 6/3-10/3/2023world gold price closed the last session of the week at 1,857 USD/ounce, a sharp increase of 20 USD compared to the same time price of 1,837 USD/ounce the previous day. Last night, the world gold price fluctuated in the context of many speculations that in March 2022, the US will not raise interest rates beyond the market's expectation of 0.25 percentage points. Immediately, the money market reacted. The USD depreciated against many other currencies, creating impetus for the gold price to go up today. On the other hand, the Institute of Supply Management (USA) announced that the non-manufacturing index for February 2023 reached 55.1 points, exceeding the market's expectation of 54.5 points, showing the economic status of the US. pretty solid Support Level: 1,825.90 1,812.20 1,803.00 Resistance: 1,863.70 1,877.50 Recommendations for trading gold: Buy soup at the price range 1824 - 1826 Stop Loss: 1821 Take profit 1: 1835 Take profit 2:1840 Take profit 3: 1850 Canh sell at the price range 1862 - 1863 Stop Loss: 1869 Take profit 1: 1850 Take profit 2:1845 Take profit 3: 1840 Note: Always set TP and SL in all trading cases If you have any questions or support, please leave a comment
OANDA:XAUUSD
by DNAchampions
GOLD ( XAUUSD ) March 2, 2023Gold price advanced to the highest level in almost a week in the first half of Wednesday’s trading, as the US Dollar was thrown under the bus following the release of strong-than-expected China’s February Manufacturing and Services PMI data, which triggered a risk rally in global stocks. However, the upside in the Gold price remained capped, as the risk-on market profile aided the rebound in the US Treasury bond yields across the curve even though investors continued to weigh the prospects of a ‘soft-landing’. In American trading, Gold price pulled back further from daily highs of $1,845 after the United States ISM Manufacturing PMI slowed down its pace of contraction in February and saved the day for the US Dollar bulls. The US Dollar staged a decent comeback alongside the US Treasury bond yields after the US ISM Prices Paid sub-index jumped to 51.3 in February vs. 45.0 expected and 44.5 last. This is one of the main parameters that the US Federal Reserve (Fed) looks into to gauge the inflation trend. Strong ISM Price Paid data reinforced expectations that the Federal Reserve will keep rates higher for longer, with markets expecting the Fed's target rate to peak at 5.465% in September. Support levels: 1,825.90 1,812.20 1,803.00 Resistance levels: 1,848.00 1,863.70 1,877.50 Recommendations for trading gold: Buy GOLD 1830 - 1829 Stop Loss: 1825 Take profit 1: 1835 Take profit 2:1840 Take profit 3: 1850 Sell GOLD 1845 -1846 Stop Loss: 1850 Take profit 1: 1835 Take profit 2:1830 Take profit 3: 1825 Note: Always set TP and SL in all trading cases If you have any questions or support, please leave a comment
OANDA:XAUUSD
by DNAchampions
Gold market commentary (XAUUSD) on 2/3/2023Gold prices rallied in the first half of the trading week, breaking out of the bearish trend that has dominated XAU/USD price action for most of February, following the surprisingly hot US Nonfarm Payrolls report. The US 10-year Treasury yields are once again facing super-thick resistance at 4%, which is putting a hard limit on further US Dollar appreciation in the trading days. recent translation. While the yield on 10-year US Treasuries can't break above this level, the gold bulls have the upper hand. Support level: 1,803.00 1,791.20 1,784.60 Resistance levels: 1,841.10 1,863.70 1,877.50 Recommendations for trading gold: Buy 1830 - 1829 Stop Loss: 1825 Take profit 1: 1835 Take profit 2:1840 Take profit 3: 1850 Sell 1845 -1846 Stop Loss: 1850 Take profit 1: 1835 Take profit 2:1830 Take profit 3: 1825 Note: Always set TP and SL in all trading cases If you have any questions or support, please leave a comment
OANDA:XAUUSDShort
by DNAchampions
Gold trading on 1/3/2023Gold price gained traction and climbed above $1,820 after having spent the first half of the day in a tight range near $1,810. Although the benchmark 10-year US T-bond yield stays in positive territory near $3.95%, the renewed US Dollar weakness fuels the pair's rebound on Tuesday. Financial markets have been a two-tale story for the early part of 2023, in which Gold price has reflected in its price action like no other asset. XAU/USD rode an uptrend during all of January with the market optimism about inflation slowing down and constant Federal Reserve dovish talk, only to see a drastic turnaround back to the old dynamics in February after a hot US Nonfarm Payrolls (NFP) report. The US economy adding more than 500K jobs in the month of January shifted the market expectations for the Fed easing its monetary policy, and the US Dollar has come back to the market King throne. Gold price opened the year at $1,823.76 and reached a year-to-date high of $1,960 on February 2, right in between the first Federal Reserve meeting of the year and the surprising release of the US jobs report for January. Since then, the ongoing downtrend has been relentless, reaching levels below the yearly open, around $1,800. Support level: 1,806.50 1,791.20 1,784.60 Resistances: 1,821.60 1,834.00 1,845.99 Trading recommendation: Sell 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:XAUUSDShort
by DNAchampions
XAUUSD - Daily Trade Idea - 13-Feb-23XAUUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDShort
by onelinkFX
XAUUSD - Daily Trade Idea - 10-Feb-23XAUUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDShort
by onelinkFX
XAUUSD - Daily Trade Idea - 9-Feb-23XAUUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDShort
by onelinkFX
XAUUSD - Daily Trade Idea - 8-Feb-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
GOLD LAYOUT FOR TODAYGold is currently consolidating between 1880-1860 and is in a non-trading range. If there is a break below 1860 and it is confirmed as resistance, go short with a target of 1843.800 and 1835.550. On the other hand, if there is a break above 1870 and it is confirmed as support, go long with a target of 1903.035 and 1917.865. Keep in mind that today is the FOMC speech of Powell, so be cautious and avoid taking random trades. Adopt a sniper-like approach for precise entry points. Stay ahead of the curve with our analysis. Unleash your trading potential with our in-depth analysis of the gold market. Stay ahead of the game with our latest insights.
OANDA:XAUUSD
by arpitjain11
XAUUSD - Daily Trade Idea - 7-Feb-23XAUUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDShort
by onelinkFX
3
XAUUSD - Daily Trade Idea - 6-Feb-23XAUUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (100 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDShort
by onelinkFX
XAUUSD - Daily Trade Idea - 2-Feb-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
XAUUSD - Daily Trade Idea - 26-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD. But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway, we expect GOLD to go up to 2000 LEVEL. Before that, GOLD may go down to the 1903 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
XAUUSD - Daily Trade Idea - 25-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
XAUUSD - Daily Trade Idea - 23-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
2
XAUUSD - Daily Trade Idea - 20-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
1
XAUUSD - Daily Trade Idea - 17-Jan-23XAUUSD (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDShort
by onelinkFX
XAUUSD - Daily Trade Idea - 16-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
XAUUSD - Daily Trade Idea - 13-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (100 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
2
XAUUSD - Daily Trade Idea - 11-Jan-23XAUUSD (LONG)- If all the support holds in place. If we see the Support broken out then we could see the shift in the trend. I marked the TP 1 (50 pips), TP 2 (100 pips) , TP 3 (200 pips) and EXIT (SL - 100 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Green Candle after the Red Candle. - Stochastic - Oversold Area - Timing of entry Prior / during UK / US Market Session.
FOREXCOM:XAUUSDLong
by onelinkFX
2
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored. But the last day all those ECONOMIC INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway, we expect GOLD to go UP to 1915 LEVEL. Before that, GOLD may go down to the 1830 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall