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Xauusdsetup

Gold Trading Strategy ( XAUUSD ) March 30, 2023Gold price ( XAU/USD ) is trading comfortably above $1,950 after peaking around $2,000 thick resistance. Meanwhile, Silver price (XAG/USD) is trending up continuously with less volatility up and down and is trading above $23 level, still has room to make up before hitting all-time highs. year-to-date in early January about $24.50. Gold price trades precariously while waiting for US PCE inflation, China PMI Gold trading has been mostly volatile for most of the week as the volatility seen over the past two weeks, with bank bankruptcies and key central bank meetings catching all the attention, has declined. gradually. The market is now looking ahead to the next Federal Reserve meeting in early May and will spend the whole month of April trying to figure out the possibility of more rate hikes to combat relentless inflation before the official announcement. The inevitable easing monetary policy of the US central bank begins. The next high-profile event to start figuring that out is the US Personal Consumption Expenditure (PCE) Price Index released on Friday, the Fed's preferred inflation gauge. Friday will be a day of high-risk trading, including the release of China's Purchasing Managers' Index (PMI) – China is the world's largest Gold market - and end-of-quarter trading flows. . Until then, Gold prices are likely to stay in range, along with steady US Treasury yields and the value of the US Dollar Index. Support level: 1,944.00 1,932.65 1,921.80 Resistance: 1,970.30 1,977. 40 1,988.30 Trading recommendation: BUY XAUUSD 1931 1930 Stop Loss : 1928 Take profit1 :1939 Take Profit 2:1947 Take profit 3: 1957 SELL XAUUSD 1983 1985 Stop Loss : 1987 Take profit 1:1973 Take Profit 2: 1968 Take profit 3:1950 Note: Always install Stoploss and Takeprofit to ensure safety in trading
OANDA:XAUUSD
by DNAchampions
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week. Anyway, we expect that GOLD will go UP to 2050 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
XAUUSD Bullish OB retest LONG 4HRDisregarding the current state of the world economy (BRICS countries selling US Bonds, loading up on Gold) From a PA standpoint, we have some more upside to Gold. Things to note - From the month chart, I have outlined equal highs of untouched liquidity. Marked by the large wave (Always look for equal highs to be a magnet) - On the 4hr, price is about to retest a bullish OB indicated by the 2nd cow. From here i fully expect price to run up to the bearish OB and touch the liquidity resting above. I expect Gold to continue upwards to the monthly equal highs and swim in those waves amongst the whales above 2072
EIGHTCAP:XAUUSD
by UnknownUnicorn45242920