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Xauusdsetup

XAUUSD: The Bears' Next Goal!Technical analysis: The price of gold has dropped below a descending resistance line that is three weeks old and is currently around $1,954. This is the third consecutive week where the price has fallen. Despite the Relative Strength Index (RSI) line performing poorly in the past few days, the bearish signals from the Moving Average Convergence and Divergence (MACD) indicator are attractive to gold buyers. In addition to the MACD signals and the immediate resistance line, the convergence of the 21-day and 50-day moving averages, which is around $1,995, followed by the $2,000 round figure, are also positive indicators for XAU/USD to cross and convince buyers. If the gold price remains above $2,000, it will draw attention to the previous monthly high of around $2,050 and the recently flashed record top surrounding $2,080. However, if the price falls below the resistance-turned-support line of around $1,954, the bears won't have an easy time selling, as an upward-sloping trend line from November 2022, close to $1,930, can challenge them before giving them control.
OANDA:XAUUSDShort
by Jiren-SphynChannels
2
XAUUSD: Where is the most beautiful selling position?Technical analysis The support and resistance levels are performing effectively, and at 1955, a robust resistance zone has been established. With the goal of continuing to decrease to the 192x region, Gold is required to increase slightly to create liquidity. SMA is forming a continuous decline in wave cycle. Update new news situation The US Dollar is expected to remain strong due to optimism surrounding the US debt deal and the Federal Reserve's hawkish stance. There may be a slight dip from the two-month highs, but this is expected due to end-of-the-week flows. The United States Core PCE Price Index data, which is the Federal Reserve's preferred inflation gauge, is also set to be released soon. The annual Core PCE figure for April is expected to remain the same as March, increasing by 4.6%. Predict continues the downtrend!
OANDA:XAUUSDShort
by Jiren-SphynChannels
6
XAUUSD: The next trend and market development!Technical analysis (basic) The XAU/USD is currently hovering around $1,945, marking its second consecutive day of decline. According to the technical readings in the daily chart, the risk is leaning towards the downside. The pair fell below the bearish EMA89 and is slowly approaching a directionless EMA34, which is currently providing support at around 1,933.70. The Momentum indicator has slightly improved but is still in the red, while the Relative Strength Index (RSI) indicator is showing a downward trend near 30, suggesting that the pair may continue to move lower. Market Comments The Consumer Price Index has slightly decreased, resulting in a lower likelihood of the Federal Reserve implementing new rate hikes. This development is welcomed by the markets. There is a strong argument for taking a break. In addition, investors are already predicting a higher possibility of rate reductions, which is negatively impacting the value of the US dollar. PLAN TRADE IN THE INTRO thank you @TradingView
OANDA:XAUUSDShort
by Sphyn-Trader
15
#XAUUSD-NEXT TARGET $1900 AND WE ARE BACK!Dear Traders, sorry for not being active for a long time now, due to medical reason I had to give some break to my eyes and therefore was forced to take break. Now with gold, in our previous chart we expected price to reach zone of 2060-70 before it drops, and it did exactly the same. We are expecting price to touch 2030-40 region which is not likely to happen as price already rejected at 2025 region indicating a further dropped. Entry Criteria: -If price do not come to our zone one more time then enter in tomorrow london session with 50 pips stop loss. Once again thank you for your support throughout, and expecting the same.
OANDA:XAUUSDShort
by Setupsfx_
35
XAUUSD/GOLD- Get Ready for Bears !!!-After the News yesterday, the price of the Gold remain quite bullish where price ranged between 1955-1982 indicating buyers are still looking for strong bullish momentum to take the price upwards to 2000-2010$ region. This moves comes after a strong decline on yields alongside the demand of the US remained higher as US DOLLAR is seen as safe currency by investors. -If prices fails to gain the bullish momentum then price of GOLD(XAU) will falls rapidly, where our first target will be 1910 where we can see price to reject and retest 1954 region before it drops further. In second scenario, if prices do get enough momentum and fills up $2000-2010 region, then price may reach up to $2020 due take out the liquidity. -We have to wait until today and monitor the chart closely, which will gives us an indication of possible next move. Please like and FOLLOW for more.
OANDA:XAUUSDShort
by Setupsfx_
38
XAUUSD: My perspective!Technical Overview According to the daily chart for XAU/USD, it is currently trading in between a bearish 34 Simple Moving Average EMA at around 2,002.40 and a bullish EMA89 at 1,931.60. The technical indicators suggest that the risk is tilted towards the downside, with the Momentum indicator showing a bearish slope and the Relative Strength Index (RSI) consolidating around 44. As a result, there is a high likelihood of sellers adding to their positions near the $2,000 region. Support levels: 1,961.60 1,944.00 1,931.60 Resistance levels: 1,984.20 1,996.80 2,002.40
FXOPEN:XAUUSDLong
by Sphyn-Trader
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Because of 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 GOLD to go DOWN to 1936 LEVEL. Before that GOLD can go up to 2051 LEVEL with the FOMC UPDATE. Stay tuned.
OANDA:XAUUSD
by benny_marshall
XAUUSD SELL PROJECTION 21.05.23Reason Behind the Bearish in the Following Week Tecnically Reason 1. Double Top formed the Major Top @ 2050 and tends teh bearish Moment in last week and continuation in Fowwing Week too 2. Bearish Reversal M Pattern Spotted ober the Zone and which make the contination to 1900 after the retest of Immedaiate Support @ 2000 which due to Powells increase in Intrest rate 3. Clear Break Below 1950 which Moves Safe heaven to 1900 and Lower Fundamental Reason 1. Dxy Beaked the 4h downtrenfd 102 and which retest the 101 which helps to reach 2000 and continuation of breakout lead DXY to 105 anf make XAUUSD/GOLD to 1900 Overall Possible Outcomes XAUUSD SELL @ 2000-2005 SL 2027 TP1 1950 TP2 1900
OANDA:XAUUSDShort
by kripsonfx97