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Xauusdforex

Gold Daily Forcast : SELLIn spite of US-China trade war, emerging market instability and political tensions in the Europe and British , the price of gold is to decrease . According to technical analysis , the growth of price was lasted since the divergence had been appeared and it's believed that there is still room for devaluation . In addition, if the price manage to break the horizontal line ( which is shown in the chart ) , it will be bearish trend . Ultimately. the first target for short position is near to the bottom line of the channel and second target would be the Width of channel ........................ XAUUSD : SELL First T.P : 1262 Second T.P : 1222 S.L : 1324 ( Disclaimer : These analysis are just only our own attitude . Any action you take upon the information is strictly at your own risk and we are not responsible for your benefits or losses . )
OANDA:XAUUSDShort
by Arvin_ForexCamp
XAUUSD (Gold) 4hr tf Elliott wave analysisPrice action from $1355.21 on March 26, 2018 to ~$1316.31 on April 27, 2018 is corrective (3 waves) for XAUUSD. Besides, XAUUSD’s (Gold) downswing from ~ $1352.19 on April 19, 2018 to ~$1316.31 on April 27, 2018 held above the support 1 between $1314.34 and $1315.99. The implication of the above is that XAUUSD should resume a bullish move back upwards as part of another correction (3 wave move) or impulse (resumption of the bullish trend) that should see XAUUSD (Gold) close above the high made on $1365.16 on April 11, 2018. Since both scenarios point upwards for XAUUSD (Gold), trades are safest when placed in the direction of the trend. In this case, a bullish bias is favored for XAUUSD (Gold). The Target for XAUUSD as indicated for a long position is between $1355.74 and $1355.99. Point of invalidation (POI) for this analysis is placed just below Support 2 which lies between $1307.94 and $1308.14. POI = $1306.13
FX:XAUUSDLong
by Coin_Analyst
XAU/USD tests dominant channel downXAU/USD tests dominant channel down In result of the surge that was triggered by two disappointing macroeconomic data releases as well as the rising 55- and 100-hour SMAs the price of yellow metal ended up at the 1,273.00 mark. The further advance seems unlikely, as the exchange rate faces resistance formed by the monthly PP and the upper trend-line of a four-month long dominant descending channel that supposedly started to transform into rising wedge formation. However, the overall market sentiment as well as allocation of pending orders suggest that rise of the bullion might continue. In case the pair crosses the above barriers, it will be free to climb up to the 1,287.15 level, which represents location of the 100-day SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD tests upper boundary of senior channelXAU/USD tests upper boundary of senior channel During the last trading session the exchange rate expectedly tried to break through the upper boundary of a senior descending channel. In the middle of the day it even managed to reach the alleged resistance zone near 1,259.00 but then was forced to retreat. Today these attempts are expected to resume due to continuous pressure exercised by the 55 SMA. However, the growing optimist related to adoption of tax bill by the Congress is likely to result in ultimate appreciation of the buck. On the other hand, an effect from this fundamental event might not be especially sharp due to existence of a strong support zone located around the 1,254.00 mark that is backed up by the 200-hour SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD soars to 1,259.00XAU/USD soars to 1,259.00 After forming an inverse head and shoulders pattern and bouncing off from the weekly S2 at 1,235.93 the yellow metal managed to advance by 1.23% against the buck. In daily perspective the surge the is expected to last until the rate makes a new rebound either from the 1,263.63 resistance level or from a combination of the 200-day SMA and the 38.2% Fibonacci retracement level at 1,268.00. However, through the day the soar is likely to be stopped by release of information on the American Core Retail Sales. In this sense, there is a need to take into account the resistance zone formed between the 1,259.00 and 1,259.32 marks and support zone located between the 1,254.00 and 1,253.62 levels, which are likely to squeeze the pair for some time.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD tries to break below monthly S2XAU/USD tries to break below monthly S2 Previous trading session the exchange rate mostly spent in a horizontal movement between the monthly S2 from the bottom and the upper boundary of a medium-term descending channel from the top. As on daily chart the pair continues to fluctuate in a junior channel down, a little recovery of the yellow metal is expected to happen. On the other hand, on hourly chart the upward movement is likely to be neutralized by the falling 55- and 100-hour SMAs as well as the weekly PP and the monthly S1 located around them. Hence, in nearest perspective the rate most probably will continue moving in southern direction. Such scenario is supported by positive expectations of the upcoming adoption of the tax reform as well as interest rate hike.
FX_IDC:XAUUSD
by UnknownUnicorn890690
2
XAU/USD ready to test strength of dominant patternXAU/USD ready to test strength of dominant pattern In essence, the buck is actively appreciating against the gold the third day in a row. A short-term bullish movement towards the 38.2% Fibonacci retracement level at 1,268.00 was the only exception and was attributed to beginning of drills on the Korean peninsula. But, in general, the pair is driven by optimism over the progress of tax bill. Accordingly, today the rate is expected to continue heading downwards until it makes a rebound from the bottom boundary of a currently active two-month long descending channel near 1,255.00. However, the above market sentiment has a good chance to push the rate even more down. If this breakout happens and the pair gains a foothold below the weekly S2, this might be a sign of existence of another unconfirmed four-month long descending channel.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD trades below moving averages XAU/USD trades below moving averages Using support provided by the 55-, 100- and 200-hour SMAs together with the monthly PP, the exchange rate managed to climb to the weekly R1 located at 1,287.92. In other words the pair has practically managed to form the third reaction high of a four-week long ascending channel. However, a release of widely expected American data created a momentum that enabled bears to return the rate back to the weekly PP at 1,277.10. Hence, all four abovementioned support levels turned into resistance. As they are all concentrated around the 1,279.00 mark, it is unlikely that bulls will manage to push the pair through them without new strong upside momentum. There is a need to notice that the similar situation has already happened in beginning of the week when the gold failed to climb upstairs after a solid strengthening of the buck.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD moves along 100-hour SMAMorning outlook - XAU/USD moves along 100-hour SMA Instead of trying to reach the monthly R1 at 1,348.36, using the 55-hour SMA as a springboard, the exchange rate stuck at the weekly R1 at 1,339.42 and stayed there until a release of data on the US ISM Non-Manufacturing PMI. The American figures appeared to be positive and dragged the pair down by 0.5%. Fortunately for the gold, the 100-hour SMA managed to neutralize the further fall. For this reason, the yellow metal has a good basis to try to get back at least to the above weekly R1. On the other hand, there is a need to take into account that below the 100-hour SMA there is an empty zone up until the junior ascending channel’s bottom trend-line and the 200-hour SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690