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Xauusdsetup

Update on Gold Dear Traders fantastic trading day today as Gold fall to the support area around 1939-1929 to mitigate the gap that were left behind and has also broken the 200EMA trendline in the 4HR timeframe but the metal remains Bullish in the Higher timeframe as it retrace to the 200EMA which serves as a trendline in the Daily timeframe. The metal could test the 200EMA around 1929 and bounce back in the bull direction. Bullish Target: 1952.32, 1963.4, 1983.54 1993 Bearish Target: 1947 Done 1939.6 Done 1929.5 1920.00 We are bullish until we see an opportunity to sell, Support our post by hitting the like, share, comment and follow bottom. #Vimhype
OANDA:XAUUSD
by Vimhype
XAUUSD: Gold operation idea Gold operation ideas and suggestions: this week's short term, the US data this month basically meet expectations, inflation has declined, the market did not give a lot of feedback after the Federal Reserve rate hike landing, after the release of GDP data, gold fell sharply in the short term, and then rebounded near 1942. From the fundamental point of view, the current data announcement is basically in line with expectations, the market has gradually recovered, and short-term gold is bearish. From the technical point of view, after the short-term decline in gold, the market did not show signs of changing hands, and quickly rose to near 1961 near 1942, and the single did not break 1961, and first went down to near 1953 after the market opened on Monday, and then began to rise; It is judged that this week will be a range move between 1960 and 1942, consolidating the previous period of rapid decline in volume. GOLD:sell@1960-1965 tp 1953 Join me and don't let procrastination and hesitation stop you from making money quickly
FOREXCOM:XAUUSDShort
by HectorBrown1
Will Hedge Funds Turn to Gold Post Fed Rate Hike? Prudent Move?As we all know, the Federal Reserve's decision to raise interest rates has far-reaching consequences for various asset classes. Historically, Gold has often been perceived as a haven during economic uncertainty. With the Fed signaling a more hawkish stance, it's worth considering whether hedge funds will flock to this precious metal again. While the Fed's rate hike may initially drive investors towards more traditional assets, such as equities or bonds, it's essential to acknowledge the inherent risks and uncertainties. The global economic landscape remains fragile, with geopolitical tensions, inflation concerns, and the ongoing pandemic posing significant challenges. In such times, adopting a cautious approach and diversifying one's portfolio to mitigate potential risks is crucial. With its intrinsic value and historical role as a hedge against inflation and currency fluctuations, Gold has proven its worth time and again. It has the potential to offer stability and act as a safeguard against unforeseen market downturns. As hedge funds reassess their investment strategies in light of the Fed's actions, it may be prudent to consider Gold's role in protecting and preserving wealth. Therefore, I encourage you to contemplate the benefits of including Gold in your investment portfolio. While past performance does not indicate future results, history has shown that Gold can weather economic storms and provide a reliable store of value. By diversifying your assets and exploring Gold as an option, you can potentially mitigate the risks of a worsening economy. In conclusion, as the Fed's rate hike reverberates through the markets, we must remain vigilant and proactive in our investment decisions. Considering our uncertain times, it may be wise to reevaluate our strategies and explore the potential advantages of investing in Gold. By doing so, we can position ourselves to navigate any possible economic downturns that lie ahead. If you wish to discuss this further or explore gold investment opportunities, please comment below. Stay cautious, stay informed, and let us navigate these turbulent waters together.
GEMINI:PAXGUSDLong
by bryandowningqln
1
XAUUSD 1H SELL PROJECTION 21.07.23FUNDAMENTALS * Spot gold GOLD rose 0.1% to $1,971.79 per ounce by 0119 GMT. Bullion gained nearly 1% so far this week. * U.S. gold futures GOLD gained 0.2% to $1,973.80. * The metal slipped on Thursday from a two-month high as the dollar and bond yields climbed on stronger-than-expected U.S. labour market data. * The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, touching the lowest level in two months amid labour market tightness and defying efforts by the U.S. Fed to slow demand.
OANDA:XAUUSDShort
by kripsonfx97
Gold Could Reach $2000 - Load Up on Gold!As we all know, gold has always been a reliable and sought-after investment option, and recent market trends have only reinforced its significance. The critical support level at $1960 is a crucial turning point. With this group holding firm, it becomes increasingly likely that gold will soar to new heights, potentially surpassing the $2000 milestone. You might be wondering why you should consider loading up on gold. Well, let me give you a few compelling reasons: 1. Safe-Haven Asset: Gold has long been considered a safe-haven asset, providing stability and security during uncertain times. With the ongoing global economic challenges and market volatility, gold remains a reliable hedge against inflation and market fluctuations. 2. Diversification: As traders, we understand the importance of diversifying our portfolios. Gold offers a unique opportunity to diversify your investments, reducing the overall risk and enhancing the potential for long-term returns. 3. Potential for Profit: With gold's upward trajectory, profit has significant potential. Capitalizing on this favorable market condition allows you to position yourself for substantial gains and take advantage of the upward momentum. So, my fellow traders, here's the call to action - consider loading up on gold! Now is the time to seize this opportunity and potentially reap the rewards. With the support level at $1960 serving as a key indicator, it's crucial to act promptly and make the most of this bullish trend. Remember, investing in gold is not only a smart move but also an exciting one. So, let's ride this wave of optimism and take advantage of the golden opportunity that awaits us! Feel free to reach out by a comment if you have any questions or need further guidance on maximizing your gold investments.
OANDA:XAUUSDLong
by bryandowningqln
2
Update on Gold Bull moveGold today continue to trade below the daily resistance at 1983, the metal was not able to break the resistance but mitigated the unmitigated gap that was in the 1HR timeframe leaving no unmitigated gap behind, the metal has also form the Bullish flag pattern in the 15min, 1HR, and 4HR making the bull continuation confirmed, the metal could retest 1970-1963 before moving up. Our plan to buy is still in place. Bullish Target; 1983.5, 1993, 2022.3, 2047.04 Bearish Target; 1939.6, 1929.5 Dont forget to hit the like, share, comment and follow bottom #Vimhype
OANDA:XAUUSDLong
by Vimhype