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Xauusdsetup

XAUUSD: What happened?On Monday, the price of gold took a temporary dip, with XAU/USD currently trading at around 1,954, remaining steady for the day after reaching a low point of 1,945.72 a troy ounce. The financial market's excitement has cooled down as investors prepare for upcoming major events, such as central banks and another update on the United States inflation progress, scheduled for next week. The US Dollar has regained some of the ground it lost after collapsing last week. However, its gains are insignificant compared to the sell-off the American currency experienced due to speculation that the Federal Reserve (Fed) may end the tightening cycle earlier than anticipated. Support levels: 1,950.70 1,940.95 1,928.60 Resistance levels: 1,967.90 1,983.40 1,996.55
FX:XAUUSDShort
by Sphyn-Trader
14
XAUUSD: Operation plan This week brings the June retail sales monthly rate, as well as eurozone CPI and ECB speeches! Today's open down 1950 position, continue to watch the pullback below 1955 continuation. The lower continuation continues to see support at the 1940 position, where support is effective, rallying again, and the upper break above 1955 continues to see resistance pressure from 1963. If the market continues to fall back, below the 1940 position, continue to see support for the 1924 position.
FOREXCOM:XAUUSDShort
by HectorBrown1
1
Update on Gold (buy)The past week was great and the yellow metal push up as predicted in our previous analysis. Gold after retracing to the support zone at 1895.3 the metal has begun pushing up to achieve it aim of breaking the high at 2074. our analysis for this week is that Gold remains Bullish but there will be pullback to mitigate the fair value gap that was left behind. Our plan to buy keep place as we follow closely the reactions of the market within the coming week. our buy plan is a long term plan and we look to buy from the pullback within the trend. Bullish Target; 1950.1 Done. 1964.2 1970.4 1984 Bearish Target; 1925.4 1930.3 1939. 1945 Dont Forget to Hit the like, share, comment and Follow #Vimhype
OANDA:XAUUSDLong
by Vimhype
Sovereign Investors Flocking to Gold - Take Action Now!According to a recent survey conducted by an annual survey from Invesco Ltd, sovereign investors are now demonstrating a strong inclination towards investing in gold. This development serves as a clear warning sign of potential negative catalysts that could bring down the global markets. The survey results are alarming, indicating a growing concern among sovereign investors about the stability of traditional investment avenues. As these influential investors, who manage trillions of dollars in assets, shift their focus towards gold, it is imperative that we pay heed to their actions and consider the implications they foresee. In times of economic uncertainty, gold has consistently proven itself as a safe haven asset, shielding investors from the stormy seas of market turbulence. Its intrinsic value and ability to retain purchasing power during crises have made it an enduring symbol of wealth preservation. Now, with sovereign investors actively diversifying their portfolios into gold, it is evident that they anticipate a potential downturn in the near future. I urge you to consider this as a wake-up call and take immediate action to safeguard your investments. By allocating a portion of your portfolio to gold, you can enhance its resilience against negative catalysts that may arise unexpectedly. Gold has historically served as a hedge against inflation, currency devaluation, and geopolitical tensions, providing stability and peace of mind during turbulent times. To assist you in this critical decision-making process, I recommend consulting with reputable gold investment advisors who possess extensive knowledge and experience in the field. They can guide you through the intricacies of gold investments, ensuring you make informed choices that align with your financial goals and risk tolerance. Remember, the market is inherently unpredictable, and it is our responsibility to anticipate potential threats and protect our hard-earned wealth. The recent shift in sentiment among sovereign investors should not be taken lightly. It is a clear indication that we must consider gold as a strategic addition to our investment portfolios. Don't delay, act today! Reach out to trusted gold investment advisors and explore the potential of gold as a defensive asset. By taking proactive steps now, you can fortify your financial position against any negative catalysts that may lie ahead.
OANDA:XAUUSDLong
by bryandowningqln
Multiple Timeframe Update On Gold (XAUUSD) As said yesterday Gold came up to 1927 point to clear the Fair Value Gap and move into it direction, The Metal would come up to visit the unmitigated gap at 1924.59 and 1916.23 in both the 1HR and 4HR Timeframe before a reversal to the downside, as we are determine to sell the metal we are also aware of the possibility of a bull move to 1947.013 because in the higher (Daily) Timeframe the metal is still Bullish. our plan to buy dip is still key. Gold only become full Bearish when it breaks the 1895.3 support level. Bullish Target; 1925.3, 1930.99, 1947.03 Bearish Target; 1910.2, 1905.3, 1895.3 1882.5 Dont forget to hit the like bottom, share, comment, and follow #Vimhype
OANDA:XAUUSDShort
by Vimhype