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GOLD 19/6 @ Downtrend prevailsThe price of gold (XAU/USD) is currently being affected by negative market sentiment towards China and concerns about the Federal Reserve (Fed). It is currently trading near its lowest point of the day, around $1,955 in early Monday trading in Europe. Recent news about several banks lowering their growth forecasts for China has dampened investor appetite for risk and put downward pressure on the price of gold. Additionally, comments from Fed policymakers that lean towards a more hawkish stance, along with the latest report from the US central bank to Congress, have also influenced the XAU/USD price. It is also because of pressure from bad news from the world. Gold price has not been able to break through the Break out area of $1968, it is still trending down this week, June 19, 2023 Entry Short $1968 -$1970 , Buy zone $1943 - 1940 Use the technical analysis indicator strong resistance point at $1968 combined with the moving averages MA34 and MA89 , for a nice entry point .
TVC:GOLDShort
by DNA_TradingFX
17
GOLD 16/6: sideway in bearish zoneFollowing the US's decision to halt interest rate hikes, the European Central Bank (ECB) raised interest rates by 0.25 percentage points in order to boost interest rates in the euro area to 3.5%. As a result, the US dollar significantly depreciated against several currencies, causing a sharp decline in US bond yields. Consequently, the appeal of USD and bonds diminished for investors, leading them to redirect their investments towards precious metals. Consequently, the global price of gold occasionally experiences substantial increases of tens of USD per ounce. Gold price on June 16 is fluctuating at $1961 level Met strong resistance at the price range $1965 - $1967. The short-term main trend is not strong enough to overcome the resistance, watch for SHORT Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1961 level.
TVC:GOLDShort
by DNA_TradingFX
18
GOLD new week - Many important newsIn recent months, central banks have played a significant role in supporting the value of gold. Their interest in purchasing the precious metal has hit record levels, and this has been a major factor in keeping gold prices stable. Despite this, the US Federal Reserve remains the key player in the gold market, and many believe that the price of gold will rise once the current monetary tightening cycle comes to an end. Looking at the H4 time frame, it's clear that gold is currently moving sideways within a range of 1938-1980. If the price falls below the support level of 1938, it's likely that it will continue to drop to around 1900 or even lower. On the other hand, if it breaks past the resistance level of 1980, the price of gold is expected to surge above $2,000.
OANDA:XAUUSDLong
by DNA_TradingFX
19
XAUUSD BUY PROJECTION 11.06.23Looking at the daily chart of XAUUSD, we can see that the overall trend is bullish, with the price trading above its 50-day and 200-day moving averages. The price has also recently broken out of a short-term consolidation pattern, indicating a potential continuation of the uptrend. The Relative Strength Index (RSI) is currently in overbought territory, which could suggest some near-term weakness or a potential pullback. That said, it's worth noting that the RSI has been in overbought territory for several days now without any significant selling pressure, so it's possible that the bullish momentum could continue. In terms of key levels, the first level of support to watch is around $1,950, which is the recent breakout level and also coincides with the 50-day moving average. Below that, the $1,900 level could provide additional support. On the upside, the next level to watch is the recent high of around $2,075. A breakout above that level could signal a continuation of the uptrend, potentially targeting the 2020 high around $2,075. Overall, while there could be some near-term volatility or potential pullbacks, the technical outlook for XAUUSD remains bullish in the medium to long term. It's important to always use proper risk management techniques, such as stop-loss orders, when trading or investing in any financial instrument.
OANDA:XAUUSDLong
by kripsonfx97
GOLD - Bulls are working hardAccording to the H4 chart, the short-term outlook for the XAU/USD pair seems favorable, despite a slight loss in upward momentum. Technical indicators have flattened out after crossing into positive territory, as the pair consolidates near daily highs. Gold has also recovered above the 34 EMA and is trending upwards. However, the $1,970 level has seen resistance from sellers, and immediate resistance must be surpassed for the pair to extend its rally to the next Fibonacci retracement at 38.2%, located at 1,985.65$. Keep an eye out for a potential breakout above the 1970 price zone , which could trigger a new uptrend for gold. If using the Temporary Breakout strategy, wait for a close above the zone and set a stop loss at the nearest price stop.
OANDA:XAUUSDLong
by DNA_TradingFX
11
Gold Today - Falling momentum clearly establishedOn Wednesday, the US dollar experienced significant fluctuations, but ultimately ended the day with little change. The main factor affecting gold prices was US Treasury yields, which supported the US dollar. Currently, gold prices are stabilizing after a recent decline, but if the market worsens, the US dollar may become a safe-haven investment, which could limit gold's rise. Weak jobless claims in the US could also contribute to a continued decrease in the US dollar and a rise in gold prices. If gold drops below the 1938 zone, it could trigger a strong sell-off towards the 1930-1920-1905 targets in the short term. When trading based on this method, it's essential to place a stop loss after the nearest price resistance.
TVC:GOLDShort
by DNA_TradingFX
21
Gold's bottoming out is still volatile, and the US market is sti In terms of gold, yesterday again bottomed out to test the 1951 line, the US market counter-pumped closing T-shape, and the 1951 position, tested three times, were bounced up, located at the 60-day moving average position, forming a short-term support level. However, in terms of rhythm, the price broke the last rising point in the previous period, and the daily line was overcast, and at the same time broke the short-term moving average rhythm, at least a shock correction, and will not restore the bullish pattern. Therefore, before this point, the bulls cannot enter the safe area, which is not suitable for the planned layout of the middle line long order. In the short term, the bottoming out, the secondary support of 1951, can only indicate that this position is very supportive. But it does not mean that the fall stops, and this position has also become a watershed, in the break, the aforementioned position is coming. In today's trend, the white line in the weakness, the highest point is 1985, and the time point of the US market is the key. This trend has been emphasized to everyone before: close strongly, but do not look at Lianyang, then the European market must not break high, as long as the European market is suppressed below the previous day 1985, the US market will see a second fall. The pattern is similar to Monday's movement. That is to say, when the European market is still suppressed in the 1985-1965 range, then the US market looks at the second retracement. Of course, today if the 1985 pre-high is reversed, directly short, TP: 1960-62 Some wealth is planned, rather than always thinking about windfalls. Follow me, follow the right people, and work hard to reap the profits that belong to you.
FOREXCOM:XAUUSDShort
by DolphinDeal
Wednesday Gold moves in a narrowing bandGold prices have been trading in a narrow range of $1,950-1,980 for almost a week. This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. C opper prices have hit a six-month low due to weakening demand and global manufacturing activity. The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year. SELL GOLD zone 1985 - 1983 Stoploss: 1992 Take Profit 1: 1980 Take Profit 2: 1975 Take Profit 3: 1965 Note : TP, SL full to be safe and win the market !
TVC:GOLDShort
by DNA_TradingFX
11
Gold has triggered a new downtrend??The US debt ceiling issue seems to be improving as President Joe Bidden and House Speaker Kevin McCarthy have both confirmed that there will be no default. However, the markets are waiting for more clarity as there has been little response so far. The US Dollar has been gaining momentum and may affect the price of precious metals. On the other hand, if XAU/USD falls below $1,975, it may reach this month's low of $1,950, and further losses may occur if it drops below $1,920, which is the lower limit of an ascending channel since September 2020. SELL GOLD zone 1972 - 1975 Stoploss: 1980 Take Profit 1: 1967 Take Profit 2: 1963 Take Profit 3: 1950 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDShort
by DNA_TradingFX
6
XAUUSD SELL PROJECTION 21.05.23Reason Behind the Bearish in the Following Week Tecnically Reason 1. Double Top formed the Major Top @ 2050 and tends teh bearish Moment in last week and continuation in Fowwing Week too 2. Bearish Reversal M Pattern Spotted ober the Zone and which make the contination to 1900 after the retest of Immedaiate Support @ 2000 which due to Powells increase in Intrest rate 3. Clear Break Below 1950 which Moves Safe heaven to 1900 and Lower Fundamental Reason 1. Dxy Beaked the 4h downtrenfd 102 and which retest the 101 which helps to reach 2000 and continuation of breakout lead DXY to 105 anf make XAUUSD/GOLD to 1900 Overall Possible Outcomes XAUUSD SELL @ 2000-2005 SL 2027 TP1 1950 TP2 1900
OANDA:XAUUSDShort
by kripsonfx97
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Because of the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week. Anyway we expect GOLD to go DOWN to 1936 LEVEL. Before that GOLD can go up to 2051 LEVEL with the FOMC UPDATE. Stay tuned.
OANDA:XAUUSD
by benny_marshall
1
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to the previous XAUUSS, downside wave, GOLD went down very fast. Due to the positive sentiment of the dollar, the US10Y increased. Then It became Gold SELL. Some fed comments and nfp data were very helpful. But the next day all those LABOR DATA and INFLATION DATA INDICATORS were positive, so GOLD was slightly SOLD. It's definitely the most important indicator for the FED. Market RISK is currently off. This week CPI DATA became quite positive. Anyway, we expect GOLD to be down to level 1936. Before that GOLD 2072 level can be up with FOMC UPDATE. Pay attention
OANDA:XAUUSD
by benny_marshall
Big non-farm data is coming, are you ready? The monthly nonfarm payroll data is coming soon. Do you know how it will affect gold prices? The "nonfarm" data is released by the US Department of Labor on the first Friday of each month. It consists of three values: nonfarm employment, employment rate, and unemployment rate, which reflect the development and growth of the manufacturing and service industries. A decrease in these numbers represents a reduction in production by businesses and an economic downturn. Therefore, the following basic rules apply to the price trends of gold: 1. A decrease in nonfarm values indicates an economic downturn, a reduction in production by businesses, and a weakening of the US dollar, which is favorable for gold. 2. An increase in nonfarm values indicates a healthy economic condition, which is favorable for increasing interest rates, strengthening the US dollar, and unfavorable for gold. In general, if the overall economic data in the United States is weak and the ADP employment data is favorable for spot gold before the nonfarm data is released, the market may start to show a bullish trend for gold prices on Thursday and Friday. On the other hand, if there are signs of economic recovery in the United States before the release of the nonfarm data and the economy is strong, it will be bearish for gold prices, and investors can take advantage of short positions. Therefore, if the newly added nonfarm data exceeds the market's expectations, the Federal Reserve's expectation of raising interest rates may rise again. However, the uncertain global economic recovery has led to continued expectations of monetary easing by central banks, and the combined effects of these factors have led to extreme fluctuations in gold prices during nonfarm data releases. As a gold investor, you can actively pay attention to the nonfarm market, but there is no need to demand excessive profits from the market. Instead, it is essential to understand the impact of this data on gold price movements. I will provide analysis and trading strategies for gold and crude oil every day. Please click to follow, maintain your reading habits, and create opportunities for yourself. If you agree with my views, please click the rocket to support me. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDEducation
by investmentMr-X
35
XAUUSD:will fall rapidly xauusd:A sequence of 9 appears on the weekly line, which means that next week will be a window for change. The trend line above the weekly line near 2060 has not been physically broken, so as long as the weekly line ends below 2060 today, it is 100% sure that it will fall next week. From the hourly chart of gold, The 2060 wave of rebound happens to be the 618 position of the trend from 2030-2080. If it is still suppressed by 2060 in the future, then 2060 is likely to become the high point of wave B. 2080 is the high point of wave A, so judging from 123 to 4, gold may continue to break through 2030. I also drew it in the picture. Next, the 618 position below is near the low point of 2030, and the next 100% position is here at 2010. If my article is helpful to you, remember to pay attention and like it, welcome to express your opinion COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! FXOPEN:XAUUSD
CITYINDEX:XAUUSDShort
by Pioneer-
1
Short-term gold trading will make huge profitsThe current rise in gold is more due to geographical risk aversion and the risk aversion of bank bankruptcies. After all, the First Republic Bank copied the trend of Silicon Valley Bank in the early stage, and fell by 97%. It shows that the market sell-off is worried about the chain caused by the failure of the bank again.At the beginning of the week, it seemed that the Federal Reserve had begun to take over the First Republic Bank, so whether the crisis could be resolved, we will continue to pay attention to the continuous news guidance. From the point of view of the structure of gold's trend, gold is still oscillating in the large area from 1970 to 2015, but it has fluctuated sharply for two consecutive weeks, but it has always been unable to break the balance, and the large order appeared too normalized in 2000, so there is a certain disagreement between the long and short forces of gold here, then whether gold continues to fall or opens a new round of rise, in fact, it is just to look at the direction of the long and short breakthrough and participate in the trend. However, on the whole, the impact on the news surface is ultimately to increase the volatility and intensity, and it will not change in the short term to adjust the sideways trend, so our trading strategy and signals are very clear. I have published the detailed trading signals in my channel, you can enter to receive it.
OANDA:XAUUSDShort
by Short-term-king
1
XAUUSD:1970-2010 Trading Signal Going long on gold yesterday and shorting it today, the switch is perfect and seamless, and the empty orders in early trading in 1998 fell again and made a profit! Short, the rebound in the European market relies on 2000 and continues to short! The current gold market is still volatile, and the interval remains within the range of 1970-2010! If the rebound encounters resistance, it is an opportunity to short, and if it falls to the support level, it will backhand and do long again! Now the rebound in the European market still continues to be empty, relying on 2000 to continue to be empty, bearish, and pay attention to whether 1970 breaks below! The real support of the daily line is around 1950! If you want to get specific trading signals, please contact me on the channel ↓↓↓! OANDA:XAUUSD CURRENCYCOM:GOLD
OANDA:XAUUSDShort
by investmentMr-X