Xauusdprediction
XAUUSD / GOLDEN IDEASHere's my prediction. Fairly certain of this one. Time will tell but don't take this as any kind of financial advice - coz it's not.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down.
The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored.
But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to 1739 LEVEL with the FOMC UPDATE. Be careful..
XAUUSD 19/09/2022So gold currently moving in a downtrend channel & also formed a small timeframe structure while facing recent resistance at 1671.26 & support at 1653.99. now if price respects the resistance & breaks out of the support at 1653.99 then price might continue to push down to retest the next HTF support at 1644. 40 while still moving in respect to the downtrend.
However if price breaks & closes above the resistance at 1671.26 then gold could breakout of the downtrend channel & might continue to push up to the next resistance zone 1679.89 again as a retracement.
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published or levels that were respected from the past only for explanation purposes.
Good luck everyone, stay safe!
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DeGRAM | XAUUSD short!Gold has broken the support level of 1850 $ and closed below it.
Price is pulling back to the previous support zone, which became a resistance.
A classic "BPC" pattern. Breakout-Pullback-Continuation
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DeGRAM | XAUUSD at majot supportXAUUSD has tested major structure support at 1850$ as we predicted yesterday.
The price is rising from the support level.
We are considering buying a short-term price pullback.
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