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Xauusdsetup

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 stays buoyant as Fed pause bets continuesGold and copper are currently buoyant as the dollar falls sharply on Fed pause bets. This presents a fantastic opportunity for you to invest in gold. As you may know, gold has always been a safe haven for investors during economic uncertainty. With the current state of the economy, now is the perfect time to invest in gold. Not only is it a safe investment, but it also has the potential for significant returns. So, what are you waiting for? Don't miss out on this fantastic opportunity to invest in gold. Take advantage of the market conditions and make a smart investment today. Thank you for your time and consideration. I look forward to hearing from you soon.
OANDA:XAUUSDLong
by bryandowningqln
Add old ETFs to lower your portfolio volatilityAre you feeling the heat of market volatility? Don't let it ruffle your feathers! Instead, consider adding gold ETFs to your portfolio to keep your investments soaring. Gold has always been a haven for investors during uncertain times, and it's no different now. With the global pandemic, economic instability, and political turmoil, gold shines brighter than ever. But why settle for physical gold when you can enjoy the convenience of gold ETFs? They offer the same benefits as owning physical gold but without the hassle of storage and insurance. So, what are you waiting for? It's time to diversify your portfolio with gold ETFs and easily ride out the storm of volatility. Don't let market fluctuations get the best of you. Take charge of your investments and add gold ETFs to your portfolio today!
OANDA:XAUUSDLong
by bryandowningqln
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
XAUUSD: Unemployment ClaimsTechnical analysis: A downtrend is currently taking shape, indicated by the 34 EMA being positioned below the 89 EMA. The price of gold has been moving sideways for some time now, but with a need for liquidity, it is likely to continue trading in a narrow range of 40-48 before breaking out of this pattern. The RSI indicator confirms the downtrend, but its impact is limited in this scenario. It's worth noting that a solid support area lies at 1940. Fundamental Overview: The US economy is being closely monitored for signs of decline that could lead to a significant drop in the value of the US dollar. However, it appears that this event may still be some time away. Currently, the US dollar is showing strength and there are indications that it may continue to rise. This is due to inflation persisting and even accelerating despite attempts by the Fed to control it with interest rate adjustments. The market may be taken aback by this development. There are predictions that gold will continue to decrease significantly due to the current economic recovery and tension caused by war.
OANDA:XAUUSDShort
by Sphyn-Trader
9
Gold ETFs Enjoy Further Net Inflows In May - It's Time to InvestAs the world is facing a global pandemic, securing our future financially is essential. And what better way to do that than by investing in gold ETFs? I am thrilled to share with you that gold ETFs have enjoyed further net inflows in May, and it's the perfect time to jump on the bandwagon and invest for safety. Gold has always been a reliable investment, and it shines even brighter in times of economic uncertainty. Investing in gold ETFs is not only a smart move but also an easy one. You don't have to worry about storing physical gold or the hassle of buying and selling it. With gold ETFs, you can easily invest in gold through the stock market and reap the benefits of its rising value. So, what are you waiting for? Don't miss out on this opportunity to secure your financial future. Invest in gold ETFs today and enjoy the peace of mind that comes with it. Stay safe and invest smartly!
FXOPEN:XAUUSDLong
by bryandowningqln
GoldMondayLow - Up or Down • Gold experienced a bounce upwards on June 5th, 2023 , reaching a low of 1938.00 . • Today, it dropped from 1968.00 to 1941.00 , indicating a downward movement. • RSI (Relative Strength Index) Analysis: • RSI 4 on the M15 timeframe is in great oversold territory . • Divergences are being observed, suggesting a potential uptrend . • The last significant support level was at 1956.00 , established yesterday . • Moving Average (SMA 21): • Applying the SMA 21 (a 21-period Simple Moving Average) could provide further insights into the trend. • The average closing price over the past 21 periods, smoothing out short-term fluctuations. • By analyzing the SMA 21, we can identify the overall direction and potential support or resistance levels. Considering the oversold condition and divergences on the RSI still indicate a potential reversal on 1938.00 bounce back in the near future. May one also monitor the SMA 21 for additional confirmation. A bullish crossover and a price bounce off up the SMA 21 could reinforce the expectation of an uptrend. ☆ As always, it's essential to conduct thorough analysis, consider other market factors, and use appropriate risk management strategies.
OANDA:XAUUSD
by ATU_TAD
4
xauusd setupsthere is a FL up ahead which avoids price to go further, I believe this Fl will consumed ASAP and the price will go for next demand zone. TP is the next supply zone that can be a good place for LONG! ⚠️ Notice: I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards. Good luck ❤️
FOREXCOM:XAUUSD
by mirzaeiamirsoheil
XAUUSD: May 29-June 2 Trading Signals Hello, traders! I love gold! Trading it made me a huge profit! In the past week, gold 1985 was not successfully broken. We traded a large number of gold short positions according to the plan and made high profits. This is a very pleasant thing! Now, follow me as we make beautiful plans for our deals this week! This week, there are a lot of data to be released, three of which are very important, May ADP (Thursday), May unemployment rate (Friday), May NFP (Friday), these three are very important for gold , is a data with a super impact. In addition, there will be weekly unemployment data on Thursday. These two days are the focus of our trading, please be sure to grasp it! Judging from the data released in May, I think these two heavyweight data are more likely to be negative for gold. This is my judgment based on the analysis and comparison of some data released in May. In terms of technical form, the 1D chart has not yet formed a bottom form. Judging from the past rise to 2070 and the next trend, it is still very difficult to truly complete the trend reversal now. If there is news, it will become simple, but this week's news, I think it may be very beneficial to the gold bears, so I ruled out this option. Of course, this is not 100% sure. If my judgment is wrong, then It will be back above 2000 and if I am correct it will drop below 1900 this week. In the 4h chart, its shape is very similar to M top (double top), and the resistance of 1985 has been confirmed. The current resistance is 1956, and the support is 1933, 1911, and 1899. Because of the judgment of the news and the shape of the 1D chart, my trading point of view is to short, with the target below 1900. Judging from the current trend, the sharp decline will appear on Thursday and Friday, and the news will be used to complete it. Trading Signals: buy:1888-1912 tp:1926-1934 sl:1882 sell: 1956-1985 tp:1933-1890 sl:1989
FOREXCOM:XAUUSDShort
by Roey_
2
GOLD 31/5 - Do you think this's a short-term bull run?Yesterday, gold prices experienced their largest daily gain in over a week due to a decrease in the US Dollar Index and Treasury yields. This was partly due to month-end positioning and a general sense of caution among investors. Mixed US data also contributed to the decrease in the value of the dollar and an increase in the value of XAU/USD. The Relative Strength Index for XAU/USD at 14 is ascending and has improved from oversold territory, which supports the rally. However, there were also bearish indicators from the Moving Averages Convergence and Divergence indicator, which prompted gold buyers. Currently, Gold is experiencing a minor bullish correction with a target of $1975 in the short term. Yesterday, I initiated a Buy order at $1934 and successfully hit the target at $1960. As of today, we are anticipating further growth in the value of Gold.
FOREXCOM:XAUUSDShort
by DNA_TradingFX
12