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Xauusdforex

Gold still has potential to fall back to 2020-2015 zoneDear friends, after hitting near the 2019 position, gold then rebounded and is currently trading near the 2029 position. Has gold stopped falling, stabilized, and started rising again? In fact, compared to the current gold, before gold breaks through the 2040-2045 range, gold as a whole is still in a short pattern. Only when gold rises and breaks through the 2040-2045 range, will gold completely get rid of the short pattern. For the short-term level, the short-term level of gold is currently suppressed by the intraday high in the 2030-2032 range, so gold is relatively weak during the rebound. In addition, from the perspective of the US dollar, the US dollar index is supported by the 103.15-103 area, which limits the room for the US dollar to fall and also puts certain pressure on the gold market. Therefore, after gold rebounds, it still has the potential to fall back to the 2020-2015 area. Therefore, in short-term trading, we cannot see that gold has risen for the time being, so we start to chase gold in large quantities. At present, gold has rebounded to near the 2029 position and faces short-term resistance in the 2030-2032 area, so I think we can continue to short gold around the 2028-2030 area. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
OANDA:XAUUSDShort
by Dre_Manuel
Technical Analysis of Gold Prices: Current Trends and Potential Gold experienced a significant decline on Tuesday, completely erasing the previous month's gains and edging closer than ever to the 50-day simple moving average, a crucial support indicator just above the $2,010 level. Bulls must diligently defend this technical floor, as failure to do so could trigger a downward momentum towards $1,990, followed by $1,975. On the flip side, if buyers stage a comeback and initiate a reversal in the upward trend, resistance is likely to emerge around the $2,045-$2,050 range. Overcoming this formidable barrier might pose a challenge, but a decisive breakthrough could set the stage for a favorable rally towards $2,085, the peak observed in late December. With further strength, XAU/USD could be on track to retest its all-time high. Drawing insights from the available content, it's evident that the gold market is delicately poised between critical support and resistance levels. Traders and investors alike will be closely monitoring the market dynamics to discern whether the current technical indicators will pave the way for a renewed upward trajectory or if further declines are imminent. The $2,045-$2,050 range emerges as a pivotal battleground, making it crucial to observe how market participants respond to potential price movements in the coming sessions.
FXOPEN:XAUUSD
by AdmamTrade
Gold Surges to $2,055 as US Interest Rates DeclineGold extends its three-day rally, reaching $2,055 per troy ounce in Asian trading on Monday. The surge is fueled by risk aversion from Middle East political tensions and speculation about a March interest rate cut by the Federal Reserve (Fed). Escalating Israel-Gaza conflict, especially after an Iranian-led Houthi missile attack on the USS Laboon, boosts Gold demand as a traditional safe-haven asset. Concerns linger over potential disruptions in the Hormuz Strait, and Iran's response to recent political developments is closely watched. The US Dollar (USD) hovers around 102.40, influenced by declining US Treasury yields, possibly triggered by weak Producer Price Index (PPI) data. The US Dollar Index (DXY) trims gains as US Treasury bond yields decrease, with the 2-year and 10-year yields at 4.14% and 3.94%, respectively. Barclays' Friday revision anticipates a March Fed rate cut, shifting market sentiment towards Fed monetary policy easing, pressuring the Greenback. Barclays analysts expect a 25 basis points reduction at the March Federal Open Market Committee (FOMC) meeting.
FXOPEN:XAUUSD
by AdmamTrade
XAUUSD Longs from 2030.000 back upI find Gold intriguing, and I'll share my current perspective on this pair. Given my bullish bias, this trade idea is in alignment. The recent price movement, with a shift in character and substantial liquidity sweep, has formed a compelling demand zone on the 16-hour chart. I'm now waiting for a re-accumulation within this zone, coupled with a liquidity sweep around 2030.000, before considering buy positions. Alternatively, if price continues its ascent toward the 4-hour supply zone without an immediate retracement, I'll anticipate a bearish reaction. In this scenario, I'll be interested in sell opportunities to ride the price down towards a demand zone and align with the overall trend. My confluences for Gold Buys are as follows: - A 16hr demand zone below triggered a new CHOCH to the upside. - The overall short-term and long-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - After a CHOCH I'm expecting a pullback and retracement for price to keep going up. - There is an untouched asian low inside my zone once swept could expect a reaction. - I also expect the dollar to keep dropping indicating that gold will keep going up. P.S. As these are the two closest opportunities to the current price, I acknowledge that price might surpass these zones to reach a more favourable one, such as the significant daily demand below the 16-hour chart. Can't stress enough that adaptability enables a comprehensive perspective in navigating the markets so always weigh up other possibilities. Have a great week ahead traders!
OANDA:XAUUSDLong
by Hassan_fx
2
Gold Price Forecast and Analysis Today Examining the recent daily chart, the downward trend channel forming in the XAU/USD gold prices lacks the strength to indicate a reversal of the overall trend. It is evident that a true trend reversal is unlikely unless the price transitions to key support levels at $2,000 and $1,985 per ounce, respectively. Additionally, the possibility of this shift exists if the United States unveils more economic data than anticipated, potentially supporting a tightening of the country's monetary policy. On the contrary, if today's released U.S. economic indicators fall below expectations, there may be a higher chance for an upward gold price trend. From a technical standpoint, the immediate resistance levels for this scenario could be at $2,048 and $2,070. In a broader context, it is crucial to note that I still favor buying gold across all intensities. This preference stems from the metal's resilience, fueled by heightened global geopolitical tensions and increased gold purchases by central banks as a risk mitigation strategy. This unique analysis takes into consideration the evolving market dynamics, emphasizing the potential impact of economic indicators on gold prices, while reinforcing the rationale for a positive stance on gold investment.
FXOPEN:XAUUSD
by AdmamTrade
XAUUSD: Gold continues to shake, focusing on 2015-2042 Yesterday's gold can be said to be ups and downs, after the opening of 2030, the shock operation, the highest reached 2040, the lowest in the second half of the night to explore 2020, the overall maximum amplitude is also close to 20 large points, but in yesterday's Asian and European trading hours, the trend of gold is not obvious, can not give trend guidance, but also let a lot of short friends, in between long and short constantly trial and error. Today's operation, before the data comes tonight, maintain the shock idea, light position bold to do no problem, gold is currently running range 2015-2040, then in this range, the United States before the high short, low long, continue 2035-2038 layout short, stop loss 2042-2043, target 2020, If gold goes further down near 2015, it can also try more light positions, stop losses in 2009, and look at 2025 near the target first.
FOREXCOM:XAUUSDShort
by HectorBrown1
Gold Holds Above $2,020 With Limited DirectionGold is developing below its 20-day simple moving average (SMA), which is providing dynamic resistance around $2,040. Meanwhile, the gently rising 100-day SMA is crossing above the flat 200-day SMA, both situated around $1,960. Finally, technical indicators are mildly decreasing in neutral territory, not enough to confirm another leg down. The near-term picture tilts risks to the downside as the XAU/USD pair develops below all its moving averages. Moreover, the declining 20-day SMA is cutting below the 200-day SMA, while the 100-day SMA remains directionless above them. At the same time, the Momentum oscillator fluctuates around its 100-line, while the Relative Strength Index (RSI) is gathering downside traction in negative territory, supporting another push towards the weekly low at $2,016.61. Support Levels: $2,016.60 $1,998.65 $1,987.20 Resistance Levels: $2,040.30 $2,052.30 $2,065.45
FXOPEN:XAUUSD
by AdmamTrade
Gold's Consolidation Continues with Limited MomentumThe daily XAU/USD chart shows a slight uptick as it finds buyers around the 20-day Simple Moving Average (SMA) for the second consecutive day, indicating a lack of clear directional strength. The convergence of SMA 100 and 200 around $1,950 without a distinct slope suggests a stagnant market. Technical indicators remain neutral, with the RSI moving sideways and Momentum showing a slight downward trend. Overall, the potential for a price decline seems constrained as long as the precious metal holds its ground near $2,030. In the short term, the 4-hour chart depicts a neutral stance. XAU/USD trades below the declining SMA 20 but above the sideways-moving SMA 100. Technical indicators remain in negative territory but display a slight upward turn, hinting at a potential advantage for buyers. Support Levels: $2,031.00, $2,015.50, $1,998.65 Resistance Levels: $2,040.20, $2,052.30, $2,065.45
FXOPEN:XAUUSD
by AdmamTrade
XAUUSD: Gold Analysis Today Gold can be described as two days of ice and fire, the weekend Powell speech is still lingering, gold directly hit a record on Monday, as high as 2144. Due to Powell's dovish speech in the early hours of Saturday morning, the market has become more certain about the expectation of the peak of the US Reserve rate hike, and has deepened the expectation of interest rate cuts beginning next year. So buy the expected to sell the fact, gold yesterday morning opened directly showed, but yesterday morning rose, then directly opened the negative fall situation, the lowest hit 20201 line, a one-day drop of up to 124 dollars, all the support below basically did not play a role, directly below the trend line support. This time, the multi-idling exchange is very urgent, the daily line directly large Yin close long lead, the price back to the short-term average support, meaning that the gold stage bottoming signal appeared, yesterday's surge fell first out of the market, today's volatility may not be too large, first look at the bearish adjustment. This morning took the rebound correction, above the focus on 2050 to 20531 line pressure to look bearish, look at the 2020 low point break, below the support in 2011 to 2013 line, touch can be considered more.
FOREXCOM:XAUUSDShort
by HectorBrown1
💯DAILY GOLD PLAN 11/23: SIZE WAY👉 Gold prices fell today when the latest report showed that the number of weekly unemployment benefit applications decreased by 24,000 applications to 209,000 compared to last week's estimate. After the report, the dollar recovered from its lowest level and Treasury yields pared earlier losses, pushing gold off the key psychological threshold of $2,000 an ounce. The US Dollar Index has risen to a daily high and that is limiting some gold buying demand, said senior analyst Jim Wyckoff at Kitco Metals. 👉 However, in my opinion, this is just a steady rhythm in the macroeconomic context that is supporting gold. 👉 TECHNICAL COMMENTARY: Gold is still in the rising price channel, yesterday and today gold will adjust to gain momentum, support milestones to pay attention to 1983 - 1975. Today the bank is off a lot so the price will not run. strong, scapling guys take advantage of the rice harvest! 📌Trading plan: 🔼 Sell Gold Entry: 1996 - 1998 Sl 2000 TP 1992 - 1988 - 1984 🔼 Buy Gold Entry: 1985 -1983 Sl 1980 TP 1990 -1995
OANDA:XAUUSDShort
by AETradingFx1
XAUUSD: Today's analysis and operational strategy Today, gold opened low to 1978, and after briefly falling to the $1973 line, supported by technical buying and rose to strong volatility, but the day is still under pressure in the high fall pressure on Friday, if the market can not strengthen again to refresh the high point on Friday, there is a pullback to fill the expected prospect. Gold technical analysis, on the daily line, gold did not rise sharply on Friday, after touching a high intra-day fall, recorded a small Yin with a long shadow line, on the daily line, gold is currently a short-term decline, or will test the MA10 daily average; Overall, gold is currently in a short-term downward trend! Strategy reference: High probability scenario: Bearish below 1985, target 1973-1865. Low probability scenario: bullish above 1985, target 1993-1997. Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
FOREXCOM:XAUUSDLong
by HectorBrown1
Aim to earn at least 10 pointsIt is now 11:30 am, I have announced my current trading plan in the channel, and I have executed the transaction according to my own trading plan and logic, so the next thing we have to do is to wait patiently for profits. I believe this deal can bring us a relatively substantial profit. Gold is currently trading near the 1977 position. Looking at today's gold trend pattern, gold's downward momentum has slowed down in the short term, and there are multiple supports below. First, the short-term support below is near the 1975 position, and secondly, focus on the support near the integer mark 1970. As long as gold remains above 1968, gold may organize a continued upward attack at any time to support gold's continued rebound, and the current short-term resistance of gold is in the 1988-1990 area. . Therefore, there is still a relatively good opportunity to go long gold, and when gold rebounds to the target area, we can consider backhand shorting gold at a high level. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Super_Antonio
XAUUSD: Trend analysis and operation strategy Jobless claims helped gold rally again yesterday as data showing a softening labor market, combined with recent inflation data, reinforced the view that the Fed is unlikely to raise interest rates further. These negative US economic data exacerbated the decline in US Treasuries, which in turn caused the price of gold to soar. The daily level, the Bollinger band continued to close flat, the surge in international gold prices broke through the resistance of the first line of the medium rail, and successfully stood firm above the medium rail, the morning opening price continued to rise, there is a trend of further higher in the short term, and this wave of rebound prices once again hit $2000 is not a problem. 4 hours, the Bollinger belt opening up, the price of gold to maintain the upward trend of shock, the whole direction is still mainly, the recent trend of gold is relatively strong, the pullback is expected to be not too much, short-term attention to yesterday's rise after the pullback near the low point of support, that is, the 1980 line of support, waiting for the price pullback to do more. Spot gold operation recommendations: Strategy 1: Callback 1976-1980 near multiple single entry, stop loss of $6, the target 1992-1995 line; Strategy 2: Rebound 1995-1992 near the short single entry, stop loss of $6, the target of 1980-1975 line. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1