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Xauusdforex

Gold Possible moves in Long TermThe coming weeks are very important for gold because if it continues to be the number one trend, it will form an inverted head and shoulders pattern, and if confirmed, it could rise to its previous high of $ 2,100 . Also, if trend 1 occurs, in addition to the reverse head and shoulder pattern, it breaks a triangle. Gold also has a resistance below it, which, if completely broken, takes the number two trend and can cause a heavy drop to the yellow area number 1 and then in case of its failure, the area number two supports the head. The analysis is just a series of probabilities. #DYOR
FOREXCOM:XAUUSD
by AliSharifi963
XAUUSD We saw a rally on gold price because the global central banks push bond yields down to near zero percent last year. Now, increasing US10Y T Bill yields has still a toxic effect on gold price. Need to observe 1st and 2nd week of March for correction sign. Still lack of incentive to buy it. I am just expecting a small upward movement this week and 5th of March will be critical; unemployment, non-farm payrolls, us federal budget announcement will create volatility and we will have keep an eye on the figures. (a higher than expected figure for non-farm payrolls should be taken as positive/bullish for the USD, which will weaken gold price; or completely contrary movement might happen) Upward movement: If it breaks 1742$ it may go to 1761$ (50% Retracement From 52 Week High/Low) and 1765$ 1st resistance. Downward movement: It it breaks 1719$, it may go to 1710$ support and if it breaks it may continue to fall to 1689$ (38.2% Retracement From 52 Week Low)
FOREXCOM:XAUUSDShort
by UnknownUnicorn1696814
1
XAUUSD possible longSo this trade is based on a monthly timeframe, and the fact the institutional trades are still holding huge amounts of long positions on Gold. We can see that price has already bounced off from these levels before (monthly support), and retail trades are already lined up with lots of short positions from here. Therefore this should be a great entry area to go long and make a new high, or at least make a run to the 2000 dollar price area. Risk:Reward is quite okay, I'll go with a 1 to 3, but with a 1 to 1 has a much higher chance to stay in it for the long run. Have a great day everyone!
OANDA:XAUUSDLong
by tomsabobiz
Don't miss opportunity on XAUUSDGold is looking really good for a short opportunity. we can see on daily the head and shoulder pattern also a channel from where gold can continue to the downside. Possibly to the 0.382 or 0.5 retracements in the monthly chart. I sold gold last week in 1910 but closed the position because not enough short was added on cotdata. Gold is a highly volatile market so don't wanna lose on gold. But I kept the pair on watchlist. If anyone wants to sell gold don't sell from here the market can easily continue to the upside and ignore the head and shoulder pattern. After gold breaks the channel to the downside and go for a retracement then support will also turn into resistance and from there will be the best opportunity to short.
FOREXCOM:XAUUSDShort
by rafi_trader21
Gold Analysis 28/09/2020We are at a very interesting point with gold right now. Resistance has been formed around 1883-84, if we break it and form support on lower timeframes we have good potential to fill the wick and maybe even tap into resistance if there is enough volume in the market, that would be the first target. However if we break below support there are opportunities for scalper to short, however I am not interested in that, a break below 1872 however could see us filling the range down to support at 1865.
OANDA:XAUUSD
by mcrhf_fx
1