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Xauusddaily

XAUUSD : JUST FOMC THINGS..Hi traders, If you been following me you saw the call I made before the FOMC news dropped. We are already off in profit but I still will put up the analysis. We still need a break of the red line in the chart. If you look at the WEEKLY timeframe, a very nice bearish wick is now there and the MACD is about to go HAM on us. SL is already in profit Here was my take : XAUUSD SHORT : ENTRY : 1311.67$ SL : 1321.21$ TP 1 : 1236.82$ Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
FX:XAUUSDShort
by ScottMescudiForex
XAU/USD continues to move downwardsMorning outlook - XAU/USD continues to move downwards In accordance with expectations, the surge of the gold price did not last for long, as the pair was turned around by the monthly PP located at the 1,300.00 level, which transformed from support into resistance. At the moment, there are certain signs that the rate is going to try to climb to the top again. However, this new attempt is expected to fail due to presence of the 55- and 100-hour SMAs plus the updated weekly PP, which altogether additionally strengthen the above resistance level. In addition to that, the further deprecation of the bullion against the gold is expected from a daily perspective, as the rate is fluctuating in a junior descending channel, which forms a part of a larger long-term ascending channel.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAUUSD : GIVING US THAT OLD.. ONE, TWO STEP!Hi traders! Gold may give us the same kind of pattern we saw on that last bull run it had before falling down to the abyss. MM looks again this week to flush every current long out before going back to its bullish ways. We have FOMC decision this week... and last time we had a Fed intervention in the market, we saw gold swing hard both ways (25$ swings) before going up. We will probably not see that hard of a swing but with FOMC right around the corner, we never know. Gold has one nice support now @ 1298. It may or not go there. I'm taking a safe approach of putting a buy limit right at a previous bull candle daily wick. MACD is still bearish and RSI is slowly going down too. Generally giving us a sign a downtrend still present for this pair. Here is the scenario I'm suggesting : XAUUSD BUY LIMIT : ENTRY : 1304.22$ SL : 1295.26$ TP 1 : 1337.40$ TP 2 : TRAIL Let's see how this week goes! Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
FX:XAUUSDLong
by ScottMescudiForex
2
Gold long continued.Today we saw a "drop" of $5. Of course that's all it takes for the bears to flood TV with their sub 1200 predictions (they'd probably just be happy to close their current underwater positions at BE). One of the main issues people are having, is that they think this rally is solely due to the tensions with North Korea. As we've all seen with political tensions like this, every gold spike is given back. These "events" do not ever lead to held gains. To anyone who wasn't blind, you could clearly see there was a lot of momentum building under gold, and it was only a matter of time before we breached above the 1300 level. This was a very obvious trade, as long as you didn't have a predetermined bias. If this was purely a safe-haven trade, then we would have seen a stock market decline, and we would have seen heavy buying in the yen. If you take a look at the USDJPY, we did not make a new low in this currency pairing, yet we made a significant new high on the year in gold. That alone should tell you this run was not due the "NK scare". The USD, along with fiat currencies in general, are dying. With China banning ICO's, the country will turn to gold as an alternative to fiat currency. This baby gold bull during 2017 is due to people wanting to get out of fiat currencies (especially the USD), not because NK is doing what it's always done. With that being said, there are always small corrections during bull runs, and this bull run won't be an exception. IF we are to drop, and that is an IF, the two main buying zones will be the blue boxes on my chart. (1318-1322, and 1303-1307) GL to both sides of this trade.
FX_IDC:XAUUSDLong
by GeorgeJimas
6
XAUUSD : DEAR BEARS....Hi traders! What is this? Going along with the USD? Oh it seems like we are my friends! MACD just crossed and DXY is finishing strong this wednesday close. RSI is lowering and all other pairs are following suit. This is for the short term but it seems that USD will be taking some breather and regain some of those losses before going back to that weakness that we came so accustomed to! XAUUSD SHORT : ENTRY : 1322.28$ SL : 1328.88$ TP 1 : 1308 TP 2 : 1300 OR 1296 (ON A QUICK DIP) Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
FX:XAUUSDShort
by ScottMescudiForex
XAU/USD finally breaks weekly R1Morning outlook - XAU/USD finally breaks weekly R1 The way the yellow metal moved yesterday gives us an important clue for the further analysis. First, the buck failed to drag the pair down through the 55-hour SMA. Second, the gold managed to recover and break through the weekly R1 at 1,339.42. These facts suggest that the today the exchange rate most likely will fail once again to sneak to the bottom. And in the meantime, it has a good chance to try to reach the monthly R1 at 1,348.36, using the abovementioned support. However, both these assumptions hold true until a release of the US ISM Non-Manufacturing PMI at 14:00 GMT. An effect from this data release might either help the bullion to jump even higher, or will strengthen the buck and push the pair closer to the 100-hour SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD slips to 1,303.75Morning outlook - XAU/USD slips to 1,303.75 Yesterday the American Dollar continued to strengthen against the yellow metal and even managed to form a little descending triangle, whose lower support line matched with the upper boundary of a former long-term ascending channel. In the early Thursday morning the bullion lost another 0.33% and slipped below the 100-hour SMA. On the one hand, a forming downtrend suggests that the plunge can continue at least until the 200-hour SMA near 1,295.80. On the other hand, over the last three days appreciation of the buck was mainly driven by various fundamental events. In contrast, today there will be no significant data releases that could give the Dollar a necessary impulse for the further surge.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD surges above 1,316.50Morning outlook - XAU/USD surges above 1,316.50 During the whole previous trading day, the yellow metal was continuing to appreciate against the US Dollar. The only barrier that managed to stop the surge was a combined resistance level formed by the monthly R2 at 1,315.30 and the weekly R3 at 1,316.51. On the one hand, today the buck should try to restore some of the lost positions. On the other hand, the bullion now has a new, solid support level, which it can use to try to reach a new target, such as the monthly R3 at 1,359.22 or a long-term ascending channel's upper boundary near 1.350.00. Even though the market sentiment remains mixed, the second option in the nearest future seems a more viable scenario. But in the meantime, there is also a need to take into account an effect from escalation of the North Korean crisis and a release of data on the US CB Consumer Confidence today at 14:00 GMT as the subsequent weekly releases.
FOREXCOM:XAUUSD
by UnknownUnicorn890690
XAU/USD heads towards 1,292.91Morning outlook - XAU/USD heads towards 1,292.91 The way the bullion moved yesterday confirmed that a theory that a support area formed by a combination of the 200-hour SMA and the weekly PP near 1,284.70 was a stronger barrier than the 55- and 100-hour SMAs. As a result, the pair broke to the top and has practically reached the monthly R1 at 1,292.91. Most probably, today the yellow metal is going to repeat this attempt. Such assumption is supported by an aggregate of technical indicators, which sends a strong buy signal. However, even if the gold will lose some value while waiting for beginning of the Jackson Hole Symposium, the drop is unlikely to go below the above combined support level.
FOREXCOM:XAUUSD
by UnknownUnicorn890690
1
XAUUSD : IT DID FALL DOWN! (UPDATE)Hey guys, This is more of an update to a previous analysis we had. We had a good short on gold before we went long on the rebound. It is now clear that gold broke to the downside and it's trying to go for our new zone highlighted in our blue rectangle. We could see a bounce off the last FIB or it could go straight down to our preferred zone. PA is always key. We need to see where this lands before entering the market with a trade. I'll keep you guys posted. For quicker updates, follow me on Telegram or Instagram Trade safe! This was an update to this chart :
FX:XAUUSD
by ScottMescudiForex
XAUUSD -Gold/Dollar: Possibilities AnalysisSince price has been following upward to retest resistance (down/green) trendline, it can attempt to test other resistance: the past high swing & resistance at that price as is (blue line). Test of these prices resisted may be needed to ever start a short condition, yet Daily TF:(Following image) shows attempt at resistance (MBL slightly upward (yellow line), but green/red moving down), so I assume price will rise higher most likely to later form a better sell opportunity as it now slightly consolidates to "subtrendline" or the uptrendline.
FX_IDC:XAUUSD
by YardleyRosette